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As the calendar turns and one year ends, it’s a natural moment to take stock—not only of what you’ve done, but where you want to go. For many, that means thinking in terms of money: your savings, debts, investments, and overall financial well-being. Meeting with a Certified Financial Planner™ (CFP®) to review—or establish—your financial goals […]

Required Minimum Distributions, commonly called RMDs, are an important part of retirement income planning. While they can seem complex, understanding how they work helps retirees comply with federal rules and avoid unnecessary penalties. The following overview is for informational purposes only and should not be construed as financial, legal, or tax advice. Individuals should consult

In the ever-changing landscape of business, it’s rare to succeed by reacting alone. Proactive planning—not just for what might happen, but for how you want your business to evolve—can make the difference between struggling to keep up and moving forward with confidence. Engaging a Certified Financial Planner (CFP®) when crafting your strategic business plan gives

At Haven Financial Planning, we believe that staying informed about new tax regulations is an essential part of building a sound financial foundation. As 2025 unfolds, two areas are seeing notable updates that may impact how individuals plan and report income: the taxation of tips and IRA contribution deadlines. This overview is provided for informational

We often think of financial planning in terms of securing our retirement, growing investments, or protecting our assets from risk. But one crucial piece of the puzzle that’s too often deferred is estate and legacy planning. At Haven Financial Planning, we believe that building your financial future includes crafting a clear, thoughtful legacy—one that reflects

When people think of estate planning, wills and trusts often come to mind first. But an equally critical—and often overlooked—element is how your documents and assets are titled. Without proper titling, even the most thoughtfully crafted estate plan may fall short of your intentions. What Is Estate Planning? Estate planning is the process of organizing

On July 4, 2025, the One Big Beautiful Bill Act of 2025 (OBBBA) was signed into law, introducing sweeping and long-lasting changes to the federal tax code. Many of the provisions make temporary reforms from prior legislation permanent—while introducing new rules that may affect individuals, families, and students across the country. Below is a high-level

IntroductionIn July 2025, a federal spending package that takes effect in mid‑2026 introduced sweeping changes to the federal student‑loan system. Most notably, it imposes a lifetime borrowing cap of $257,500 across all federal student loans. What does this mean for graduate students, parents, and financial planners? Key Provisions of the New Limits These caps mark a

When it comes to preparing for retirement, one of the most effective tools available is an Individual Retirement Account, or IRA. At Haven Financial Planning, we help individuals understand how IRAs can be used as part of a broader financial strategy—especially when it comes to selecting the type of IRA that aligns with their current

Serving as the executor of a will is both an honor and a legal responsibility. While the role can be deeply meaningful, it also requires organization, diligence, and a clear understanding of the process involved in settling an estate. Whether you’re preparing for the role or currently in it, knowing what’s required of you can