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The start of a new year always makes us reflect on where we’ve been and where we want to go. We set personal goals, think about health, family, and career and often, our finances are somewhere in the mix. But too many people put off making a real financial plan, thinking there’s always “next month” or “next year.”

The truth is there’s no better time than now to get your finances in order. Having a clear plan doesn’t just help with money, it gives you confidence, peace of mind, and a roadmap for the life you want to live.

At Knight Miller Financial Group, we help clients at every stage of life create plans that make sense for them. Whether you’re just starting out, have been saving for years without a strategy, or are approaching retirement, we take the time to understand your goals, evaluate your resources, and build a strategy tailored to your life.

We know financial decisions can feel complicated—investments, insurance, taxes, retirement planning can get overwhelming. That’s where we come in. Our job is to simplify things, break them into clear, manageable steps, and walk with you through the process. No gimmicks, no confusing jargon, just a plan you can trust.

Starting the year with a financial plan isn’t just about numbers. It’s about setting yourself up for freedom and security to live your life on your terms. Make 2026 the year you take that first step. Call or Email to schedule a free consultation.

Let’s make this your year for real financial confidence.

When it comes to retirement planning, few topics generate more buzz and confusion than the debate between Roth and Traditional retirement accounts. Headlines often frame the choice as a one-size-fits-all solution or declare one option “better” than the other. In reality, the decision is less about hype and more about understanding tax timing and how it aligns with your long-term financial strategy.

At KMFG Knight Miller Financial Group, we believe informed decisions start with clarity, not trends.

Understanding the Core Difference

The fundamental difference between Roth and Traditional accounts lies in when taxes are paid, not whether they are paid.

• Traditional accounts such as Traditional IRAs or 401(k)s are funded with pre-tax dollars. Contributions may reduce your taxable income today, but withdrawals in retirement are generally taxed as ordinary income.
• Roth accounts are funded with after-tax dollars. You pay taxes upfront, but qualified withdrawals in retirement are tax-free.

This timing difference is the foundation of the decision-making process.

Why Tax Timing Matters More Than Popularity

Choosing between Roth and Traditional options should be guided by a comparison of your current tax rate versus your expected future tax rate.

If you expect to be in a lower tax bracket in retirement, a Traditional account may be advantageous because you defer taxes until a time when you may owe less. Conversely, if you anticipate being in a higher tax bracket later, a Roth account can offer long-term benefits by locking in today’s tax rate and avoiding taxes on future growth.

The challenge is that future tax rates are uncertain. Changes in income, lifestyle, legislation, and economic conditions all influence the outcome. That is why flexibility and planning matter more than trying to predict the future with certainty.

Common Myths That Deserve a Second Look

One common misconception is that Roth accounts are always better because “tax-free” sounds appealing. Another is that Traditional accounts are superior simply because of the immediate tax deduction. Both views oversimplify a complex decision.

In practice, many individuals benefit from diversifying their tax exposure by holding both Roth and Traditional accounts. This approach can provide more control over taxable income in retirement and help manage required minimum distributions and cash flow needs.

Factors to Consider Beyond Taxes

While tax timing is central, other factors also play a role in determining the right mix:

• Income level and contribution limits
• Employer-sponsored retirement plans and matching
• Time horizon until retirement
• Estate planning considerations
• State and federal tax environment

A comprehensive financial plan evaluates these elements together rather than isolating one account type.

Planning for Flexibility, Not Perfection

The goal is not to guess perfectly which account will produce the best outcome decades from now. Instead, it is to build a strategy that adapts to change. Tax laws evolve, personal circumstances shift, and retirement often looks different than initially imagined.

By focusing on tax timing and maintaining flexibility, investors can make thoughtful decisions that support both current cash flow and long-term goals.

The Bottom Line

The Roth versus Traditional conversation should move beyond hype and focus on how and when taxes are paid. There is no universal answer, only strategies that align more closely with individual financial situations.

At KMFG Knight Miller Financial Group, we emphasize education, long-term planning, and personalized strategies designed to help clients navigate these decisions with confidence. Understanding the role of tax timing is a critical step toward building a resilient retirement plan.

If you are evaluating your retirement contributions or considering how Roth and Traditional accounts fit into your broader financial picture, thoughtful planning can make all the difference.

Becoming a parent is one of life’s most rewarding milestones but it also brings new financial responsibilities. From medical expenses and childcare to long-term planning for your child’s future, having a solid financial strategy is essential. At KMFG Knight Miller Financial Group, we believe that early preparation helps new parents build stability, reduce stress, and create lifelong security for their growing families.

Below is a practical, step-by-step guide to help new parents establish a strong financial foundation.

1. Rebuild and Strengthen Your Household Budget

With a new baby comes new expenses including diapers, formula, clothing, medical visits, and unexpected costs. Your first step should be updating your monthly budget to reflect this new reality.

Budgeting Tips for New Parents

• Track all recurring baby-related expenses for the first few months to understand spending patterns.
• Cut or reduce non-essential costs to create more financial breathing room.
• Designate a “baby expenses” category in your budget to stay organized.

A realistic, flexible budget helps you stay prepared and reduces financial surprises.

2. Build (or Rebuild) an Emergency Savings Fund

A strong safety net is crucial when your household grows. Experts recommend saving three to six months of living expenses, but new parents may want to aim toward the higher end.

Why an Emergency Fund Matters

• Covers unexpected medical bills or childcare disruptions
• Protects against job loss or reduced income
• Prevents reliance on high-interest debt

If saving a large amount feels overwhelming, start small consistent deposits build momentum over time.

3. Review Health Insurance and Plan for Medical Costs

Healthcare quickly becomes one of the biggest expenses for new families. Reviewing your insurance coverage ensures you’re maximizing benefits and minimizing out-of-pocket costs.

Key Areas to Review

• Pediatric care coverage
• Prescription medication benefits
• Employer-provided family health plans
• HSA or FSA eligibility for tax-advantaged savings

Choosing the right coverage early saves money and enhances access to quality care.

4. Update Life Insurance and Disability Coverage

If someone depends on your income your child, partner, or both life and disability insurance are essential.

What New Parents Should Consider

• Term life insurance is affordable and provides significant protection.
• Disability insurance replaces income if you’re unable to work.
• Both policies help safeguard your family’s financial future.

KMFG Knight Miller Financial Group can help determine the appropriate coverage based on your needs and goals.

5. Start Saving for College Early

College tuition continues to rise, making early planning a smart financial move. Even small contributions can grow significantly over time thanks to compound interest.

Popular College Savings Options

• 529 College Savings Plans
• Coverdell Education Savings Accounts
• Custodial accounts (UTMA/UGMA)

Starting early reduces future financial stress and opens more educational opportunities for your child.

6. Create or Update Your Estate Plan

While it may feel uncomfortable, estate planning is one of the most important steps for new parents.

Your Estate Plan Should Include:

• A legally appointed guardian for your child
• A will that outlines your wishes
• Proper beneficiary designations on accounts
• A trust, when appropriate, to protect your child’s inheritance

These documents ensure your child is cared for if the unexpected happens.

7. Consult a Financial Planner for Personalized Guidance

Every family’s financial situation is unique. A professional advisor can help new parents create a personalized plan that includes budgeting, insurance, tax strategies, and long-term investment planning.

At KMFG Knight Miller Financial Group, we specialize in helping families build strong financial foundations through customized, easy-to-follow strategies.

Start Building Financial Security for Your Growing Family

The transition into parenthood is exciting, and with proper financial planning, it can also be secure and stress-free. By strengthening your budget, building savings, updating insurance, planning for education, and seeking expert guidance, you’re taking meaningful steps toward long-term financial stability.

To learn how KMFG Knight Miller Financial Group can support your financial journey, contact us today for a personalized consultation.

Entrepreneurship offers freedom, innovation, and the potential for significant rewards but it also comes with financial uncertainty. Unlike salaried professionals with predictable paychecks, entrepreneurs face fluctuating income, shifting expenses, and long-term financial risks.

At KMFG (Knight Miller Financial Group), we understand that building a successful business requires just as much attention to personal financial planning as it does to business strategy. Here’s how entrepreneurs can manage irregular income, build stability, and plan for a successful exit when the time comes.

1. Embrace a Financial Structure That Handles Fluctuation

Irregular income doesn’t have to mean financial chaos. The key is structure. Create a system that separates business finances from personal finances and provides a consistent flow of income to your household.

Here’s how:

• Set a “base salary” from your business: Pay yourself a steady amount each month, even if revenue fluctuates. During strong months, keep surplus cash in a business reserve account to cover leaner times.
• Automate transfers and savings: Treat your personal finances like any employee would—with regular deposits and automated savings.
• Track income variability: Understanding cash flow patterns helps you forecast when to scale operations or tighten expenses.

At KMFG, we often help entrepreneurs design cash flow systems that provide both flexibility and peace of mind.

2. Build an Emergency Fund That Reflects Your Risk Profile

For entrepreneurs, a standard three-month emergency fund isn’t enough. Given business volatility, aim for six to twelve months of living expenses in liquid reserves.

Consider setting up two layers of protection:

• Personal Emergency Fund: Covers your family’s essential expenses.
• Business Reserve Fund: Covers fixed business costs like rent, payroll, and insurance during slow periods.

This dual-buffer strategy ensures you can maintain operations and personal stability even when revenue dips.

3. Manage Taxes Proactively

Entrepreneurs face complex tax situations, especially with variable income and deductible expenses. Instead of scrambling during tax season, plan ahead:

• Set aside tax money monthly: A good rule of thumb is 25–30% of income, adjusted by your advisor.
• Leverage tax-efficient retirement plans: SEP IRAs, Solo 401(k)s, and defined benefit plans can reduce taxable income while building long-term wealth.
• Consult regularly: Quarterly reviews with your financial planner and CPA can help you adjust contributions and stay compliant.

KMFG advisors specialize in tax-smart strategies that align business goals with personal financial growth.

4. Invest with Flexibility and Liquidity in Mind

Because entrepreneurs’ cash flow can be unpredictable, investment strategies should be nimble yet disciplined. A well-diversified portfolio balanced between growth and liquidity ensures access to funds when needed without sacrificing long-term returns.

We recommend:

• Maintaining a core portfolio of diversified investments.
• Using liquid assets (money market funds or short-term bonds) to handle irregular income.
• Avoiding overexposure to your own company your business is already a major investment.

Your investment plan should evolve with your business cycle, risk tolerance, and exit timeline.

5. Plan Your Exit Early Even If It’s Years Away

A successful exit isn’t just about selling your business; it’s about transitioning your wealth strategically. Whether your goal is a sale, merger, or succession, start planning early.

Key considerations include:

• Business valuation: Understand what your company is worth and what drives that value.
• Succession planning: Prepare leadership and ownership transitions smoothly.
• Tax-efficient exit strategy: Structure the deal to minimize capital gains and maximize proceeds.
• Wealth transfer and estate planning: Ensure proceeds are aligned with your long-term goals.

At KMFG, we work closely with entrepreneurs to design comprehensive exit plans that protect their legacy and optimize financial outcomes.

6. Partner with Advisors Who Understand Entrepreneurship

Entrepreneurs need a team-based financial strategy a financial planner, CPA, and legal advisor who collaborate to integrate personal and business goals.

KMFG’s holistic approach helps business owners navigate every phase from startup growth to exit while maintaining financial clarity and control.

Conclusion: Turn Irregular Income into Long-Term Wealth

Entrepreneurial success isn’t just about growing your business it’s about ensuring that growth translates into lasting financial independence. By managing irregular income strategically and preparing early for your eventual exit, you create stability today and freedom tomorrow.

At KMFG Knight Miller Financial Group, we specialize in financial planning for entrepreneurs, helping you transform uncertainty into opportunity with smart, personalized strategies.

Ready to take control of your financial future?
👉 Contact KMFG today to build a customized financial plan designed for entrepreneurs like you.

Achieving financial security doesn’t happen by chance it requires careful planning, sound strategies, and ongoing guidance. Whether you’re preparing for retirement, managing investments, or planning for your family’s future, having a clear financial plan is essential. At KMFG Knight Miller Financial Group, we provide personalized financial planning services designed to help individuals, families, and businesses build wealth, protect assets, and achieve long-term financial goals.

Why Financial Planning Matters

Financial planning is the process of aligning your money with your life goals. It goes beyond budgeting or saving it involves creating a comprehensive roadmap that covers income, expenses, investments, insurance, taxes, and estate considerations. With the right plan in place, you can:

• Gain clarity about your financial situation.
• Identify opportunities to build and preserve wealth.
• Minimize risks through proper insurance and asset protection.
• Maximize growth potential with diversified investments.
• Plan for major life events such as retirement, education, or legacy building.

At KMFG Knight Miller Financial Group, our mission is to empower clients with financial confidence, so they can focus on what matters most.

Our Approach to Financial Planning

Every client’s situation is unique, which is why we take a personalized, client-focused approach to financial planning. Our process includes:

1. Understanding Your Goals: We take time to listen and understand your priorities, whether that’s retiring early, funding your children’s education, or leaving a legacy for future generations.
2. Assessing Your Current Financial Picture: We review income, expenses, assets, debts, and existing investments to create a clear baseline.
3. Developing a Customized Plan: Using our expertise, we design a strategy that balances risk and reward, tailored to your specific goals.
4. Implementing Solutions: From investment portfolios to insurance coverage, we help put the plan into action.
5. Ongoing Monitoring and Adjustments: Life changes, and so should your financial plan. We regularly review progress and make updates as needed.

Comprehensive Services We Offer

At KMFG Knight Miller Financial Group, we provide a full range of financial planning services, including:

Retirement Planning

We help you build a retirement strategy that ensures you can enjoy life after work without worrying about outliving your savings.

Investment Management

Our team designs diversified portfolios aligned with your risk tolerance, time horizon, and growth objectives.

Tax Planning

Through strategic planning, we help minimize tax liabilities while maximizing after-tax income and returns.

Estate and Legacy Planning

Protect your wealth and ensure it’s passed on according to your wishes. We provide strategies for wills, trusts, and charitable giving.

Insurance and Risk Management

From life insurance to long-term care, we provide solutions to safeguard your family’s financial security.

Education Planning

Whether saving for college or advanced degrees, we create strategies to cover educational expenses while balancing other financial goals.

Why Choose KMFG Knight Miller Financial Group?

Choosing the right financial planning partner can make all the difference. At KMFG, we pride ourselves on:

• Experience and Expertise: Our advisors bring years of knowledge in financial services and wealth management.
• Personalized Guidance: Every plan is designed around your unique goals, not a one-size-fits-all model.
• Transparency and Trust: We prioritize open communication and always put our clients’ best interests first.
• Long-Term Partnership: We don’t just build a plan we walk with you every step of the way, adjusting strategies as life evolves.

Final Thoughts

Financial planning is one of the most important investments you can make in your future. By partnering with KMFG Knight Miller Financial Group, you gain access to professional guidance, proven strategies, and personalized service that put you on the path to financial confidence and success.

Whether you’re just starting your career, approaching retirement, or planning your legacy, we’re here to help you create a roadmap that works for today and tomorrow.

Contact KMFG Knight Miller Financial Group today to schedule a consultation and begin building a financial plan that gives you peace of mind and a brighter future.

Have you thought about making changes to your 401(k) program? As a plan sponsor, you may be thinking about the following issues:

• Should our plan offer our employees more investment choices?
• How can we make the plan more user-friendly?
• Is automatic enrollment a good idea?
• Is there a cheaper plan out there that might be just as good?
• Are we satisfying the 404(c) employee education requirements?
• Are we truly meeting our fiduciary responsibility?
• What steps could we take to try and reduce liability?
• How does our 401(k) stack up against others in terms of fund quality, costs, and fees?
• Is there a way we can monitor and evaluate investment performance?

I can help you evaluate your current plan – or search for a new one. I am happy to share my knowledge and experience. If you want to take a closer look at your options as a 401(k) plan sponsor, please call me or email me today.

In understanding your company’s goals, objectives and workforce, I can help you arrange to fine-tune your current 401(k) plan or identify a replacement from a quality vendor at a competitive price.

1. Once you reach age 73, you must begin taking required minimum distributions from your 401(k) or other defined-contribution plans in most circumstances. Withdrawals from your 401(k) or other defined-contribution plans taxes as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.