Insights

By The Galecki Financial Management Team Anyone who asks the question “What is a backdoor Roth IRA?” usually gets an answer that sparks additional questions about how it works and why it’s so beneficial. In this concise article, we provide a simple definition, a...

529 plan, Coverdell ESA, UTMA account. They all help you save for a child’s education, and they work in very different ways. Here’s a side-by-side comparison, plus what each one does to financial aid, taxes, and who controls the money.

By The Galecki Financial Management Team Divorce is always difficult, no matter how civil the parties involved behave. Ushering in a drastic change in nearly all aspects of the couple’s lives, few legal matters are as overshadowed by emotion as divorce proceedings....

By The Galecki Financial Management Team You likely wouldn’t willingly give away your money without a good, logical reason; yet that’s precisely what happens when we miss opportunities to optimize our tax savings strategies. Reducing tax liabilities is a powerful way...

By The Galecki Financial Management Team At Galecki Financial Management, this Thanksgiving season fills us with gratitude for many reasons. While we frequently emphasize the value of financial stability and planning for your future, Thanksgiving invites us to also...

“Fee-Only” gets used a lot in our industry, and not always the way you’d expect. Here’s what it means, how it differs from fee-based and commission advisors, and the questions to ask before you hire anyone.

By the Galecki Financial Management Team What comes to mind when you think about your personal finances? Do the words stress, worry, confusion, and overwhelm ring true? If so, you aren’t alone. A recent survey found that as much as 52% of adults in the U.S. attribute...