Uncertainty in the market can create both challenges and opportunities, especially for those managing retirement assets. Recent market volatility, influenced in part by tariff-related developments, has reminded investors of the importance of strategic planning. If you have an IRA, now could be a good time to reassess your options. At Mirus Financial Partners, we encourage our clients to consider two key strategies during periods of market instability: evaluating the potential benefits of a Roth IRA...
For business owners and private shareholders, a buy-sell agreement may be a critical part of long-term planning. It could help facilitate a smooth transfer of ownership in the event of a partner’s death, while also providing potential financial protection for the deceased’s family. One method that might be used to fund a buy-sell agreement is life insurance. When structured appropriately, life insurance could offer a source of liquidity that may allow surviving owners or the...
Retirement planning is important for everyone—but when it comes to financial preparedness, women often face a steeper hill to climb. The path to a secure retirement can look different for women due to several factors, including differences in income, time in the workforce, and lifespan. That’s why it’s especially important for women to create retirement plans designed to meet their unique needs. At Mirus Financial Partners, we believe in creating personalized strategies that reflect each...
At Mirus Financial Partners, we keep a close eye on changes that affect your financial future—and a new rule from the Social Security Administration (SSA) may impact how you manage your benefits. Starting April 14, 2025, some individuals will need to visit a Social Security field office in person to verify their identity before they can claim benefits or change direct deposit information. While the SSA says the move is meant to strengthen security and...
Whether you're switching jobs or facing an unexpected layoff this spring, you’re not alone. With workforce shifts continuing across both the private and public sectors, many professionals—especially in education, public service, and federal roles—are left wondering: What should I do with my retirement savings now? How you handle your 401(k), 403(b), 457(b), or TSP account after a job change can significantly impact your financial future. Here’s what you need to know in 2025. First Things...
We’ve all been there. The news is grim and your stomach drops faster than the stock ticker. Whether it’s your retirement account, college savings, or nest egg for that dream vacation home, market volatility can feel deeply personal. It’s natural to feel unsettled. But while market dips may feel like new and terrifying territory, history tells a different story—this isn’t unusual, and it’s not the end of the world. In fact, long-term investors who can...
Running a business comes with plenty of financial challenges. Between managing cash flow, reinvesting for growth, and making sure your employees have great benefits—like a solid 401(k) plan—it’s easy to put your own financial future on the back burner. But as a business owner, your personal wealth and retirement security are just as important as your company’s success. The key is finding a balance between growing your business and building a strong financial foundation for...
As a business owner, you’ve put in years of hard work to build something meaningful. But at some point, you’ll need to step away—whether that means selling your business, passing it down, or simply winding things down. The question is: how do you ensure a smooth transition while also setting yourself up for a financially secure retirement? Many business owners assume their company will fund their retirement, but without a solid exit strategy and a...
Economic downturns can be unpredictable, bringing challenges that impact jobs, investments, and everyday expenses. While no one can predict the future with certainty, there are ways to prepare and protect your financial well-being when markets fluctuate. At Mirus Financial Partners, we believe financial security is built through thoughtful planning, smart strategies, and a flexible approach. Here are a few suggestions that may help you navigate financial uncertainty with confidence. 1. Prioritize Emergency Savings Having a...
Life is full of milestones—some exciting, some overwhelming, all requiring careful financial consideration. Whether you're buying your first home, getting married, expanding your family, or preparing for retirement, a well-thought-out financial plan can help you navigate these transitions with confidence. At Mirus Financial Partners, we understand that financial planning is more than just numbers—it's about creating a strategy that aligns with your goals and values. Let’s explore some of life’s biggest moments and how thoughtful...
At Mirus Financial Partners, we understand that achieving financial health isn’t just about numbers; it’s about mindset. The way you think about and interact with money profoundly affects your ability to build wealth, reduce stress, and meet your financial goals. A healthy money mindset combines psychological awareness with actionable strategies, creating a foundation for long-term financial success. Avoid Feeling Overwhelmed A key part of developing a healthy money mindset is overcoming financial stress. Many people...
In the first few months of the new year, many people are setting personal goals to improve their health, relationships, and overall well-being. But one area that often gets overlooked is financial health. At Mirus Financial Partners, we believe this is the perfect time to evaluate your financial situation and adopt smart habits that can create long-term wealth and stability. Here are some financial resolutions to stick with this year that will make a meaningful...
