Brian Stormont, CFP®

Certified Financial Planner

Brian Stormont is a Partner and Certified Financial Planner (CFP®) with Insight Wealth Strategies. With over ten years of experience, Brian specializes in retirement planning, investment planning, estate planning, and income taxes. He holds a BS in Finance and Marketing from the University of Denver. Brian also holds his Certified Fund Specialist (CFS), Series 7, Series 66, and Certified Financial Planner (CFP®) licenses.

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Q&A Comments (17)

How do you make a budget to plan for emergencies?

Sit down and calculate on a month-to-month basis what it takes for you to meet your expenses. Include things like your monthly rent, food, car payments, or any other expenses that won't go away in an emergency; however, don't include things like taxes or 401(k) savings. Then, try to set aside enough money to cover about 3-6 months of expenses in case there's an emergency.

What's the smartest way to consolidate debt?

If you have a number of different credit cards, consolidating them will make it so you only have to make one payment a month. In addition, if you can get a lower interest rate when you transfer the balances, you'll save money on interest expenses.

How can I maximize my compound interest in long-term investments?

That depends on whether you'd prefer a more stable investment, or if you're more comfortable with risk. If you don't like to see your balance fluctuate much, you might want to invest in an even mix of different stock categories and bond categories. If you're a more aggressive investor, you might choose to invest more in stocks, and less in bonds.

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Co-authored Articles (2)

The Best Ways to Combine Multiple Bills into One Payment

Understand your consolidation options and find the best one for you Bill consolidation can help you meet your financial goals and can simplify your financial life by changing several payments into only one or two. By com...

How to

Be Debt Free

Debt feels like a lead weight that hangs around your neck, and with student loans, car payments, and medical bills, it all adds up into a pretty heavy one. Learning to confront your loans head-on and form a strategy for ...

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Brian Stormont, CFP®

Q&A Comments (17)

Co-authored Articles (2)