When you're first starting out, emergency funds exist for a car breaking down, an unexpected medical bill, or an unplanned lapse in income. As you settle into your career and your income increases, the emergency fund takes on an additional purpose: shielding your assets as they accumulate. Dipping
Living in Utah is incredible. Mountain life is unmatched, communities are tight-knit, and there's always something to do outside. But if you're trying to build wealth here, Utah has some very specific traps that will quietly drain your finances—and since they seem "normal,
You make good money. Your retirement account is growing, your home has appreciated, and your net worth is moving in the right direction. So why does managing monthly expenses feel like a game of Tetris? More often than not, feeling financially "out of control" comes down to cash
\Self-employment brings flexibility and opportunity, but with it comes some trade-offs too. Without an employer's 401(k) to opt into, it's common for many self-employed people to not have a retirement plan that they active contribute to. This can introduce a huge opportunity
If you live in Utah and make good money but still don't feel wealthy, you may fit what is often called a HENRY. It's an acronym that stands for "high earner, not rich yet." The term conveniently captures what might be a familiar feeling:
For a lot of Utah households, the starter home did exactly what it was supposed to do: got you into the market and allowed you to start building equity. Now life looks different. Maybe your family is bigger, one of you works from home, or the house that was perfect
You make good money, you work hard, and by most external measures, you are doing well. But at the end of the month, you are not sure where it all went. You are not alone, and it doesn't mean you are bad with money. For many Utah high-
Tasty wealth-building tips for high-earning Utah families
TLDR: A Trump Account can be worth opening for one simple reason: free money. If your child qualifies for a government seed deposit, an employer match, or the separate $250 philanthropic bonus, it makes sense to pay attention. But if there is no free money attached, most parents will usually
A $250,000 gross income sounds like a lot, and it is. But after federal income tax, Utah's flat 4.55% state income tax, and FICA, you're looking at roughly $178,000 net per year, or about $14,870 per month. That's real money,
By clicking "Continue," you will be directed to a third-party website. Summit Financial Group and LPL Financial are not responsible for the content, accuracy, or security of any third-party website. The information found there may not reflect the views of Summit Financial Group or LPL Financial, and may not be suitable for your individual situation. Please review the privacy policy and terms of use of any third-party website you visit.