Mike Mendillo, Jr., CFP®’s Post

Navigating your financial currents can be as challenging as paddling upstream on the Wisconsin River. But don’t worry, we’re here to steer you through setting up sinking funds with the ease of a Sunday sail on Lake Mendota. 🚣 Step 1: Budget Realistically 🌳 Just like prepping for a tailgate, it’s all about the budget. Whether it’s bracing for winter heating bills or planning for a family trip to Door County, estimate the cost. Be honest about what you can afford—after all, a budget stretched too thin is like a Packers game without cheeseheads: it just doesn’t work. Step 2: Calculate Your Timeline ⏳ Every financial goal has its season, and like the cycles of our farmlands, timing is key. Count the months before your target date, just like counting down to the opening of the State Fair. Step 3: Break it into Chunks 🧩 Divide by the number of paychecks until your deadline, you’ll see exactly how much to set aside each time—making the process more digestible than a warm bowl of Wisconsin cheddar soup. Step 4: Separate Your Savings 🏦 Direct each portion to a separate savings account—like isolating maple sap destined to become syrup. This way, you’ll avoid dipping into it for other expenses, ensuring that when the time comes, you’ve got the full flavor of your financial planning. Embrace the art of the sinking fund; it’s your ticket to stress-free savings, as reliable as a second winter in mid-March. Ready to start? The first step is always the hardest, but once you begin, each step brings you closer to your financial freedom. Let’s climb this together, one smart save at a time. #financialfreedom #personalfinance #moneymanagement #savings #retirementplanning #Wisconsin #Madison #GreenBay #Milwaukee #investmenttips #financialplanning

How to retire before it’s too late (Even if you’re at the top of your game): You shouldn’t retire based on: → Maximizing your money. → Complicated breakeven analysis. → Picking the perfect day to “hang it up.” Instead, focus on making time for: → Experiences you’ve always dreamed of. → Precious time with your family. → Giving back. If you’re wondering “what the math says”, More work means more money… But it also means less time. Don’t wait until it’s too late. P.S. My team is only accepting 3 new clients in May! P.P.S. Yes, we’re more than capable of doing all the fancy analysis you could ever want. ______________________ I’m the manufacturing and construction execs’ CFP®️ practitioner. Hit “follow” Jonathan Panning to grow your business and build true wealth.

Alessandra Malito & Morningstar share #financialplanning insights from Murphy & Sylvest Wealth Management's own Donnie LaGrange, LTC (Ret.), M.Ed., CFP(R), ChFC(R) in the article below. "We call it a spending plan, because we aren't trying to constrain you. We're trying to create a plan to spend the money the way you want to spend it." #murphysylvest #wealthmanagement #retirementplanning

Have you considered how long-term-care costs could affect your retirement budget? Find out more. #LongTermCare

Have you considered how long-term-care costs could affect your retirement budget? Find out more. #LongTermCare

This may have been said before, but I think it is worth mentioning again. Investing can been compared to being stuck in traffic, especially if you live in Southern California, we all know how bad the traffic gets here. When you're stuck in traffic, you notice that there are a couple cars that try to switch in and out of lanes because one of the lanes is moving faster for a brief period of time. What everyone understands but maybe isn't said or thought of is that you all arrive to the same spot regardless of which lane of traffic you use. A certain lane of traffic isn't proven to be always be faster. Similarly, with investing, there isn't a guaranteed investment that will always generate a better return than the market nor are people able to time the market to earn excess returns. I would equate the people who constantly switch lanes in traffic to market timers. They want the best thing available at that current moment. However, what the market timers don't realize is that they aren't beating the market. In fact, they are likely losing money over the long-term because missing even a couple of days in the market can have a significant impact on portfolio performance over a longer period of time. That is why it is always important to remember to stay invested for the future. If you are looking to optimize your portfolio returns to reach your long-term financial goals, please reach out and I would be happy to discuss your personal situation. #investing #market https://lnkd.in/gX7jZVD5

As summer winds down, it’s the perfect time to review your finances and make sure you’re on track for the rest of the year. Here’s a quick checklist to help you wrap up the season on a high note: 1. Summer Spending Recap: Did your vacations or outings impact your budget more than expected? Now’s the time to adjust your plan. 2. Savings Check: How did your summer savings goals hold up? If you dipped into your emergency fund or other savings, make a plan to replenish them. 3. Tax Planning: Consider any summer bonuses or side income you earned. Are you setting aside enough for taxes? 4. Future Goals: With fall around the corner, think about what financial goals you want to hit by year’s end. Now’s the time to start planning! Summer fun is great, but a solid financial review ensures you’re set for the months ahead. Need some help getting started? Give me a call and let’s set up a meeting! #Thrivent #TeamThrivent #Pittsburgh #SummerReview #FinancialWellness #Budgeting #Savings #FinancialGoals #ThriventFinancial See Thrivent.com/social for important disclosures.

Back in Sept 2008, the US House of Representatives designated the 3rd full week of October as National Estate Planning Awareness Week. Now is a good time to review your estate plan and start a conversation with your advisor about: - Your core beliefs regarding your legacy … it might be more than minimizing taxes. - Your wishes and how they work with your estate planning documents. - When was the last time you reviewed your estate plan and what life-changes have happened since then? - Does your account titling work with the estate plan? - Are your beneficiary designations up to date? Let us help you organize your estate information to provide you with a readily accessible resource for documents and directions. For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

Meet Alec Quaid, CFP. He is one of the wealth managers on our team. "I have been in the industry for 7 years and absolutely love what I do. Guiding families through the intricacies of financial planning is both an honor and a joy. Rest assured, my commitment to continuous growth as an advisor is unwavering, fueled by my genuine love for this field. I have achieved the Certified Financial Planner™ designation and have been elected to the Board of Directors for the Colorado Financial Planning Association. I am originally from Michigan but grew up in Fort Collins, CO and returned to the Midwest (Iowa), at Northwestern College for my first two years of college where I played basketball. The subsequent two years I attended Colorado State University, where I attained my degree in Financial Planning. Yes, they actually had that degree, and I knew this was the career I wanted to be in early on! My wife Sydney and I reside in the town of Castle Rock, CO, just 30 minutes south of Denver. We have been married for 3 years and are expecting our first child, a baby boy, in April! We stay busy with skiing, hiking, golfing, working out, and the many other outdoor activities Colorado has to offer. We are active members o four local church, and our Christian faith holds a paramount place in our lives." #financialadvisor #wealthmindset #wealth #financialplanning #wealthmanagement #wealthyminds #wealthblog #wealthytips #financialfreedom #invest #wealthysoul #financialadvisors #retirementtips #personalfinance #financialplanner

We all know the importance of spring cleaning when it comes to our homes and wardrobes, but did you know that you should be spring cleaning your budget as well? Click the video below to learn a few beneficial byproducts of a thorough spring cleaning for your budget that can help you achieve your dream retirement!