#hourlyfinancialplanning

bulldogfinancialpl

Jan 11
2 min

Some Quick Tips for Beginning Investors

Tips for Beginning Investors - 1) Develop a Safety Fund a) Safety Funds are usually around 3-6 months of your current expenses b) Get into the habit of borrowing from yourself rather than using a credit card 2) Build Your Credit Score a) Set up a credit card, if you haven't already, limit your use and pay off your balance each month. b) Avoid unnecessary credit checks c) Sign up for a credit monitoring service through one of your credit card companies. These help you with mo

9 views

bulldogfinancialpl

Jan 5
3 min

Happy New Year - 2022 In Review

2022 was productive! Among other things, I started my independent fee only financial planning practice and have made a lot of progress with the business. Thanks to every one who has supported myself and Bulldog Financial Planning. This includes clients, future clients, those in my network, friends, and family. Please understand that when you invest with BFP that you are working with a company that values and serves the community. Usually, my blogs are about a range of cont

4 views

Are We Approaching the Next Bond Bull Market?

bulldogfinancialpl

Nov 30, 2022
3 min

Are We Approaching the Next Bond Bull Market?

Bond prices have been coming down a lot ytd 2022. Does this mean that we are heading towards a bond bull market? Here are some basics on bond prices - Bonds usually pay interest semi-annually which can be a good income source for retirees. Investors will typically look for the highest paying interest bonds with the highest credit quality. However, while rates have been at historic lows, investors could not locate bonds paying much interest at all. For this reason, bond pri

14 views

What is Involved in Special Needs Financial Planning?

bulldogfinancialpl

Nov 30, 2022
2 min

What is Involved in Special Needs Financial Planning?

The Special Needs Financial Planning process helps prepare for the future of a loved one with a disability like deafness, blindness or other special needs condition such as autism or down syndrome. (For more about Special Needs Financial Planning and the story behind Bulldog Financial Planning read more here ) Families with Special Needs Children - These children go through a transition to adulthood similar to other children; however, there needs to be more consideration plac

6 views

Unemployment Rate - Good News, Bad News?

bulldogfinancialpl

Nov 8, 2022
2 min

Unemployment Rate - Good News, Bad News?

The most recent unemployment announcement last week informed us that the rate increased to 3.7%, which was up from 3.5%. 3.7% showed us a relatively small incremental increase of this economic statistic and is still 2 percent lower than the current 10 year average (2013-YTD 2022 = 5.7%). This is important to recognize when thinking about Fed Policy and the current health of our economy. The chart above illustrates the historical unemployment rate for the months of October t

19 views

bulldogfinancialpl

Oct 31, 2022
2 min

Feeling like a Small Fish?

Fishing is a great way to get outdoors and have some fun. The activity brings people together and has been one of my favorite things to do outdoors. There are lots of ways to fish: 1) Pond fishing, 2) Fly Fishing a stream, 3) Deep Sea Trolling, 4) Coastal fishing and other a lot of other ways including catfishing. If you enjoy fishing, then working with Bulldog Financial Planning is a great fit for you. How does this relate to financial advice? Does your advisor treat you

7 views

bulldogfinancialpl

Oct 20, 2022
1 min

Announcing Subscription Fees

Bulldog Financial Planning is offering subscription based financial planning for clients. The payment amount will be based on the estimated number of financial planning hours. Clients can still pay for as much advice as they want or need and pay a monthly or quarterly fee. Assets under management are also still not required under a BFP subscription. Feel free to bring your 401k, 403b, 529, ABLE, brokerage, mutual fund, or treasury direct account statements. You could also

12 views

bulldogfinancialpl

Oct 5, 2022
2 min

Ways to invest in gold

Gold can be a great way to diversify a portfolio but needs to be done carefully and with a financial plan. Historically an investment in Gold has been an inflation hedge and a hedge against a depreciating dollar, but we continue to see a rising dollar and high inflation so there is risk involved. GLD is down around 5% YTD 2022 and is down about 17% from its 2022 high; however, Gold can still be a hedge against things like the start of WWIII or China (CCP) invading Taiwan. W

6 views

bulldogfinancialpl

Sep 7, 2022
2 min

A Few Things on Buying Individual Bonds

The above chart illustrates what approximate total return fixed income investors will earn by buying treasuries as of Sept 1st 2022. a) We see the curve is downward sloping from the 2 yr to the 10 yr. (Inversion) This has happened in the past as a precursor to a recession. We are in a technical recession in terms of slowing GDP. b) The 30 yr rate is also below every bond maturing in five years or less. Why would you want to tie up your money for 30 years if you could yi

4 views

Planning for your Required Minimum Distribution?

bulldogfinancialpl

Aug 26, 2022
3 min

Planning for your Required Minimum Distribution?

Here are a few considerations when thinking about your annual RMD- 1) Is part of your annual income already going to a 501(c)3 charity? If that is the case, then you may be able to exclude part of your RMD from income tax by donating directly from the IRA to the charity. This is called a Qualified Charitable Distribution. Some custodians allow you to set up a check book on your IRA account which makes requesting and tracking your QCD's easier. Charities need to be a qualify

10 views

How is Financial Planning different at BFP?

bulldogfinancialpl

Aug 26, 2022
3 min

How is Financial Planning different at BFP?

Bulldog Financial Planning (BFP) is a fee only financial planning company located in Cumberland, RI. My name is Patrick Randall and I am a CERTIFIED FINANCIAL PLANNER™ professional with an MBA in Finance. I am the owner of Bulldog Financial Planning. My independent practice offers hourly financial planning, managed accounts and wealth management accounts to individuals and their families with full disclosure of compensation received by me and the company. Revenues include h

7 views

Is the market the right place for your money?

bulldogfinancialpl

Aug 26, 2022
3 min

Is the market the right place for your money?

Bulldog Financial Planning (BFP) recognizes that adding money to the market is not going to be the right recommendation for every client. The BFP Fiduciary process includes a suitability review that is designed to identify the risk profile for each individual client and evaluate alternatives. Here are a few of the basics and a bit more about handling the conflict of interest when offering Managed Accounts. 1) Do you have a safety fund? Typically a safety fund has around 6 mo

15 views

What is Business Continuity and Why is it Tested?

bulldogfinancialpl

Aug 19, 2022
2 min

What is Business Continuity and Why is it Tested?

Today marked the second test of the Business Continuity Policy at Bulldog Financial Planning. The process went smoothly and took about half of a day. What does Business Continuity mean? Business continuity is the term used to describe the capability to continue operations while experiencing a business disruption(s) without compromising customer information. Businesses can be disrupted by a number things including natural disasters, internet outages, and electricity outages.

6 views

Are you maximizing your Employer Sponsored Plan?

bulldogfinancialpl

Aug 12, 2022
4 min

Are you maximizing your Employer Sponsored Plan?

Next time you check your employer sponsored 401k or 403b balances make sure you consider the following: 1) Are you maximizing your company match contributions?-Some employers will deposit money equal to the amount that you deposit from your paycheck. Employers consider this ‘match’ to be part of your total compensation package. Maximizing your contributions means contributing at least enough to receive the full amount of company match. If possible, then this would be a way

12 views

bulldogfinancialpl

Aug 10, 2022
2 min

7 Helpful Tips for Retirees

One of the biggest concerns for retirees is maintaining your independence and lifestyle by avoiding a nursing home. The good news is that it’s possible to utilize a few helpful services while you're retired that can help you stay in your home and maintain your independence for as long as possible. 1) Home Health Services - these companies will come by your house to help with laundry, cooking meals, companionship, transportation, cleaning, taking out the trash, or help with

11 views

Subscribe Form