Wondering whether or not you need to engage a financial planner but aren’t quite sure if your specific financial situation is warranted for one? The reality is that if you make, spend or save money; then a financial planner can help you.
Fee-only CERTIFIED FINANCIAL PLANNER™ CFP® have a fiduciary duty to their clients, which means that every decision they make is for the financial benefit of the client. In other words, they receive no commissions or kickbacks on specific financial products; all of their advice and decisions are made in the client’s best interest.
There are several things a CFP® Professional can help with, from small, everyday decisions to big, long-term goals. Here are just a few:
1. Tax Planning
No one wants to pay higher taxes than they need, but often people do simply because they aren’t aware of certain tax strategies. A CFP® Professional is well educated in the tax code, and therefore able to guide you in ways to save money on taxes each year. From maximizing deductions, utilizing tax credits, write-offs, offsetting gains and losses, to setting up a trust, of the several ways to ensure that you keep as much of the money you have worked hard to earn as possible.
2. Budgeting and Saving
A CFP® professional doesn’t just plan for the future, they also help you with your day-to-day spending and saving. That’s because they know the financial decisions you make right now affect your long-term goals. They will work with you to envision and define those big goals so you can work backwards to see what you need to be doing right now to make that dream possible, whether that’s adding more to your 401K, refinancing your mortgage, or adjusting your cashflow by minimizing expenses and optimizing income.
3. Planning for Retirement
Perhaps the thing most people associate with financial planners is retirement. Keep in mind that it’s never too early or too late to plan for your retirement. A CFP® professional will also help you plan for things like tax efficient investing, retirement draw down, and diversifying your portfolio beyond the amount of money you need in the bank. They can help you find the resources to set up a will, trust, or other estate planning needs. They may guide you through the many retirement life changes and decisions you will likely face, such as health insurance, social security and if long-term care is right for you. They can even set up a “family meeting” wherein you can educate your loved ones about your financial wishes, where certain assets are held and what their responsibilities will be when those assets are passed down. Whether you’re 25 or 75, retirement planning is important.
4. Investment Advising
A CFP® professional can evaluate your appetite for the stock market, what level of risk you’re comfortable with, your family financial needs, and provide guidance on the kind of investments you’re interested in. They can also give advice on the kinds of investments that may be most beneficial for each stage of your financial flight path toward your goals. Most importantly, they will counsel you on when to hold onto investments and when to let them go, including when it may be tax beneficial to do so for tax loss harvesting.
5. Round Out Your Financial Team
A CFP® professional will collaborate and work closely with other professionals in your life such as your estate planning, business or law attorney, insurance agent and CPA or tax preparer. Taking a holistic approach to your finances, ensuring that other critical areas such as life insurance, wills and trusts and tax returns are also being handled with your best interests in mind. With a diligent team of professionals working for you, you can feel confident in your financial decisions and finally put that worry to bed.
Tull Financial Group focuses in the
following client markets or areas of practice:
The Tull Financial Group, a member of NAPFA (The National Association of Personal Financial Advisors) can be found @ 640 Independence Pkwy Ste 300Chesapeake, VA 23320-5205. Tull Financial Group can also be contacted by calling them at 757-436-1122.
Author: Phil Tull
Local Business Breaks New Grounds Brewing Hot Competition Against Nationwide Coffee Chain
Town Center Cold Pressed Paves the Way Toward the Evolution of Coffee Through Purchase of Hampton Coffee Wholesaler
FOR IMMEDIATE RELEASE:
Contact: Brenda Jolly
General Operations Manager
Norfolk, Virginia (January 31, 2019) – Town Center Cold Pressed recently acquired Jolly Roasters, a local veteran-led business formerly owned and operated by husband and wife team Brenda and Casey Jolly. Since the acquisition, Brenda Jolly has joined the Cold Pressed Team full time and is looking forward to helping Town Center Cold Pressed open the doors to their new coffee roastery, currently in development and scheduled to open early spring of 2019.
When asked about the merger with Cold Pressed, Brenda Jolly is quoted saying:
Jolly Roasters are well experienced in the world of coffee, appearing in May's 2015 Coastal Virginia Magazine, Brenda and Casey have been pursuing the worlds perfect cup of coffee since 2011. Their expertise and knowledge in roasting, packing, and producing some of the best local coffee in Hampton Roads makes this dynamic duo the perfect complement to an already incredible business model under Town Center Cold Pressed.
Located inside of the 3,000 square foot space is an array of state-of-the-art equipment, luxurious lounge space, restaurant style seating, and a full bar which enables the team to merge their love of coffee, tea, cocktails, and tapas.
The roastery is an original idea with full hopes to become the next major competitor to National Chains like StarBucks™ or Tim Hortons™. Alongside the public consumer market, Town Center Cold Pressed's new roastery will focus on single origin coffee and will boast wholesale purchasing for businesses utilizing unique coffee blends, barista training, a tasting room, online ordering, distribution, and much more.
About Town Center Cold Pressed (TCCP)
With a true emphasis on exceptional taste, Town Center Cold Pressed has been one of Hampton's leading coffee and juice bars. From its initial entry into the consumer market at Town Center in Virginia Beach, Town Center Cold Pressed has proved that the quality you would expect from a national coffee chain can be found right here at home. Expanding their borders, Town Center Cold Pressed shifted their view toward Norfolk – opening two locations: one in Ghent of Norfolk in 2017 and the other in Downtown Norfolk near the end of 2018.
Come see what all the coffee buzz is about early spring of 2019 at the new roastery location:
You can visit Town Center Cold Pressed Roastery online at:
https://tccp.cafe/ and https://tccproastery.com/
From a young age, I aspired to one day manage several businesses! Ok, you could presumably say I didn't know that at the time and that instead I just wanted to be the boss and get rich is more like it. Many years wiser and my observations along with my own actions have proven that putting good will into the market place fosters value, and money follows value so you do not have to go out looking for or chasing after it. I started working at the age of 14 with a General Store Maintenance job back in my hometown of Crystal Lake, Illinois. At the age of 15, I began my first 'j.o.b.' at Dukes Bar & Grill downtown. Giving up football went along with my pride at the time but one of the first nights bussing tables I remember bringing in exactly $114 in cash from tip-outs, and I thought, meh this isn't so bad. Smoking, which I picked up was, however. Bad for me that is. Like many, a smoke break was what got me through most of the dead-end jobs and later my short lived military career.
There was one job in particular though that stood out the most to me, the Arlington International Racecourse. I can still reminisce at the inviting smell of fresh flowers and well, horse, that greets you up a red cobblestone walkway along with the many equally vibrant Kentucky Derby Sun Hats atop women's heads. It's not how much you make if you love going and doing the things you are passionate about and the places you surround yourself in. But being in a state that has pretty merciless winters just north of the Chicago, the big windy city, this placed closed during the Winter as it was outdoors, so I would shovel and do odds and ends so that I could have some spending money. One year I even started a website called bird mansions to sell my crazy awesome, quality crafted bird houses. I realized early on that money may not buy me happiness but having none of it will not buy me anything. Convinced I was going to walk into work one day hit the next trifecta and cash out of my shift and live the rest of my years like the Great Gatsby my hopes were shattered one winter when realizing not even Mc Donalds would hire me. It wasn't because I wasn't awesome either, they knew I was over qualified as I would find out is what category I fit into I felt with most of the jobs I obtained back then.
By the time I had graduated high school and experienced my first few jobs in the workforce I knew I did not want to work for someone else my whole life. But by the time it had taken me to accomplish a few preliminaries and one real estate exam some of my peers were graduating college so I knew this type of structured learning was not for me. I sought a different path, and it went from people watching in the mall to studying rich people who made a living making money, solely online. Fast forward over 12 years later and I am living it! I wanted to stay in the Hampton Roads area of Virginia after separating from the Air Force in May of 2017 under honorable conditions.
In the fall of 2016, three days before my house almost went up in flames I started Online Marketing Shark and continued to work my full-time job while active duty. The fire of 2016 put me and my four animals up at Marriott Inn & Suites for nearly five whole months while the interior of our home was restored. Looking back I would say that without that set back in the beginning I might not have had the proverbial fire needed under my ass to get in gear treating my business like a business. Before the end of the year, I had a website on the opposite side of the country ringing in calls for customers needing a tow! Before long I would have a paying client and be selling lead generation services across the country remotely, how cool right! You can see that site by going over to Google and typing in, "Chula Vista's Best Towing Company" or you can click here! Through the years I have seen that the internet and marketing is a huge deal and only growing more each year across all industries. Seeing that web design and online businesses are the future, I wanted to be a part of that and help others prosper in their business ventures too!
Online Marketing Shark Contact Information
To learn more about Online Marketing Sharks company, products & services, call Mike at 757-803-0138. You can visit Online Marketing Shark's website or visit us on Facebook.
How Was Virginia Business Review Born?
What has been revealed to me through the years is that business owners are truly an unconventional breed of awesome, each individually and uniquely. They have a dream of everything outside the normal 'job' life and pursue themselves instead, their passions. Each one a very different story to tell you, their narrative, their "why!" So, The Virginia Business Review will proffer them an opportunity to share their "why" with the city of Hampton Roads, and offer the city of Virginia Beach, Virginia and surrounding municipalities residents with intriguing stories! 2019 marks 5 years here in Virginia, and it thrills me I am able to bestow onto you the aspirations of other local Virginia Beach entrepreneurs and what their "why" is for beginning business. Let the adventure begin Virginia!
6 Things You Should Know About Medicinal Marijuana Dispensaries Coming To Virginia
Virginia's very first medicinal marijuana dispensaries could inaugurate in a little over a year, and one is apt to be in Hampton Roads.
However, you can eradicate thoughts of cannabis fields bending in the wind. And in comparison to where Colorado is currently at, we are a long ways away.
What’s intended is more clinical and adequately suited to a metropolitan area, according to some of the city and state officials.
“This isn’t the recreational stuff taken to an enterprise level,” announced state Del. Glenn Davis, who helped victor enactment that has increased the production potentialities and approachability of cannabis oil for medicinal value.
“This is significant technology going into helping to maintain a quality and consistent product” for those with medicinal demands. The cases he's seen are solely indoors, stated Davis, a Republican who plays a role in the representation of Virginia Beach.
51 applications have already been submitted to Virginia's Board of Pharmacy by companies from both in- and out-of-state wanting to set up shop in one of five healthcare regions here in Virginia. Fifteen applications have narrowed to an area that extends from South Hampton Roads to Williamsburg, according to Davis. The board will govern the emerging industry and its entrepreneurs.
Due to confidentiality laws, Virginia isn’t releasing the names of the applicants however city officials say businesses have manifested interest in Virginia Beach and Suffolk. Chesapeake officials have similarly signed letters of support for now two companies seeking necessary licenses.
The board could announce which five businesses will gain provisional approval at a city conference this autumn, according to a spokeswoman. Dispensaries will then also have one year to establish the necessary local zoning sanctions.
Answers to common questions about the emerging industry:
What Is a Dispensary?
It’s a facility – technically a “pharmaceutical processor” – that’s been sanctioned by the Board of Pharmacy to cultivate marijuana plants for the production of cannabidiol, or THC-A, oil, according to the board’s website.
All stages of the production process, from growing the plants to harvesting and dispensing the merchandise, will be managed onsite by one provider. The oil generated by the dispensaries may contain no more than 5 percent tetrahydrocannabinol, or THC, the chemical element in cannabis that creates a euphoric-high.
Products will be available to patients who have a written recommendation from a doctor to treat the indications of any diagnosed condition or disease with the oil. Patients and doctors must register with the board before seeking consultations. There’s additionally a $50 enrollment and yearly renewal fee for both.
Businesses who have submitted applications have paid nonrefundable fees of $10,000. If permitted, the license fee is $60,000, according to the board’s website. The annual renewal fee is an additional $10,000.
What do local officials say?
In a July delivering, Warren Harris, director of Virginia Beach’s Economic Development, told City Council members that cannabidoil is “considered highly safe and highly regulated” and draws an opportunity for capital expenditure and job openings.
Mayor Rick West and Chesapeake City Manager James Baker recently signed letters of provision for Chesapeake Bay Therapeutics and Tidewater Therapeutics to open dispensaries.
“I really don’t see a downside,” West acknowledged by phone Via the Virginia-Pilot, adding that medical benefits have been strongly documented. “If we have that possibility to do it and do it without any negative impacts on our community or society, then I think we should go forward.”
The Legislation presented back in 2015 to people with drug-resistant epilepsy and their caregivers granted a legal defense for the possession of cannabidoil. However the product couldn’t be obtained in Virginia; the law solely provided some protection for patients receiving their medicine from out of state, according to Jenn Michelle Pedini, executive director for Virginia National Organization for the Reform of Marijuana Laws.
Laws have since passed that establishes a framework to produce and dispense the oil in Virginia. And this year, the General Assembly unanimously approved expanding the legislation to allow any licensed medical doctor or osteopath to certify the oil’s use by patients with any medical condition considered appropriate.
“It’s a sound public policy,” Pedini said. “Instead of legislating conditions, we’re simply allowing physicians to do their jobs and removing legislators from the doctor-patient relationship.”
Advocates and officials have said these changes could help stem the tide of opioid abuse.
Does this mean cannabidoil is now legal?
No, not yet. The law does not make the possession of cannabis oil now legal. But it renders a legal defense for people certified by a licensed doctor to use it if found in their possession.
“This is not an ideal situation,” Pedini stated, perceiving that most cannabis charges stem from traffic stops. Virginia NORML advises that patients or their caregivers have signed a legal certificate with them at all times to manifest if asked by law enforcement and/or use in court as needed for their protection.
“It isn’t a backdoor to recreational use,” Davis stated. “The hoops the doctor, and the dispensary, and the user have to jump through even to be able to handle this is pretty significant.”
According to Business Insider, recreational marijuana is legal in nine (9) states, and medical marijuana is legal in 30 states. Marijuana, however, is still illegal on a federal level, go figure.
How will it be regulated?
If you are planning on coming into contact with cannabis oil then you first must ensure you are registered.
While at the dispensary no recommendations for use will be offered, Davis said, and prescribing doctors can’t have financial ties to the facility, nor can their family members or employees.
Unique product numbers will be assigned at Virginia state level as part of a prescription-monitoring service, Davis said. Criminal background checks for employees are among one of the requirements on a laundry list of ordinances and requirements for patients, doctors, and processors, and the state has already set aside plenty.
Rule: Patients or caregivers must pick up the first dose in person. Afterward, it can be provided through a delivery service, but cannot be mailed or shipped, according to Davis.
Cracking the door to broader legalization policies may still be up for debate in Virginia, but most advocates appear to recognize the dispensaries are a step in the right direction for helping people find real relief for a myriad of pathological ailments closer to home.
“It will be exciting to have a regulated cannabis industry in Virginia that will also put their lobbying power behind more robust common-sense reform,” Pedini stated.