News & Updates

Somewhere in adulthood, the old question of “What do you want to be when you grow up?” morphs into “ What do you want to do when you retire?” Some people dream about their retirement for decades, while others barely give it a thought. Either way, by the time you reach your 50s, you’ll benefit from building a retirement plan that doesn’t force you to sacrifice all of life’s joys today. Retirement planning in your 50s is less about radical changes and more about making intelligent, intentional decisions. Let’s dive in. By your 50s, you’ve likely hit your peak earning years. That’s the good news. The not-so-great news? The clock is ticking on the years left to build your nest egg. Don’t panic. With a strategic approach, you can set yourself up for a secure retirement without feeling like you’re putting life on pause. Your 50s are also a time to reassess priorities. Kids might be leaving the house (goodbye, endless grocery bills!), and you might have more flexibility in allocating your income. This decade is the perfect opportunity to course-correct and make up for any lost time. 4 Retirement Savings Strategies for Your 50s This decade is the perfect time to implement strategies that will help you coast right into your golden years. 1. Max Out Retirement Accounts The IRS gives a little extra love to folks 50 and over in the form of catch-up contributions. For 2024, you can contribute up to $30,500 to your 401(k) ($23,000 plus a $7,500 catch-up contribution). Don’t have a 401(k)? No problem. With an IRA, you can add an extra $1,000 to the usual $7000 contribution limit. These boosts may seem small, but they add up fast, especially with compounding returns working their magic. 2. Automate Your Savings Automating contributions ensures you’re consistently saving without even thinking about it. Set up direct deposits into your retirement accounts so saving becomes as effortless as your morning coffee routine. If you get a raise, consider earmarking most of it for your savings—future you will thank you. 3. Diversify Investments By now, you’ve likely heard that “diversification” is key, but what does it mean for you? In your 50s, you’re likely transitioning from a more aggressive portfolio to a slightly more conservative one. That doesn’t mean selling all your stocks and parking your money in bonds, but rather finding a balance that aligns with your risk tolerance and timeline. 4. Pay Down High-Interest Debt Interest rates on credit cards or other high-interest loans can drain funds that could otherwise be growing in retirement accounts. Paying these off first will free up cash flow for savings. Catching Up on Retirement Savings If you’re behind on retirement savings, don’t stress. There are plenty of ways to catch up while still enjoying life today: Reevaluate Your Budget : Start by taking a close look at where your money is going. Are there subscriptions you’ve forgotten about? Could dining out be scaled back slightly? You don’t have to eliminate all your “wants”—just trim the fat. Even reallocating $200 a month can lead to significant savings over time. Downsize Strategically : Empty nesters, this one’s for you. If your current home has more space than you need, downsizing could free up substantial equity for retirement savings. Smaller homes also mean lower utility bills, maintenance costs, and property taxes. Leverage Catch-Up Contributions : As mentioned earlier, these higher contribution limits for people over 50 are a game-changer. Pair this with any employer-matching contributions, and you’ve got a recipe for rapid savings growth. Delay Social Security : While Social Security might feel like a safety net, waiting to claim it can significantly increase your benefits. Your benefits grow every year you delay claiming beyond your full retirement age (up to 70). If you can, let those checks wait while your investments continue to work. Explore Additional Income Streams : Retirement doesn’t have to mean quitting work entirely. Many people in their 50s find side hustles or part-time work that aligns with their interests. Whether it’s consulting, teaching, or turning a hobby into income, these earnings can supplement savings without feeling like a burden. Balancing Retirement Planning with Enjoying Today Now for the part everyone cares about: How do you plan for tomorrow without ruining today? Here’s how to strike the balance: Set Clear Goals What does retirement look like for you? Is it traveling the world, spending more time with family, or pursuing hobbies you love? Knowing your “why” helps make the sacrifices feel worthwhile. It also gives you a clearer target to aim for. Embrace Experiences Over Things Research shows that spending on experiences—like vacations, concerts, or classes—provides longer-lasting happiness than material goods. Plus, experiences don’t have to break the bank. Look for ways to create memories without overspending. Plan for Mini-Retirements Who says you have to wait until you’re 65 to enjoy some of that freedom? Consider taking shorter breaks or extended vacations now to recharge and enjoy life. With careful planning, these “mini-retirements” won’t derail your long-term goals. Prioritize Health One of the best investments you can make in your future is in your health. Regular exercise, a balanced diet, and preventive healthcare can reduce medical expenses down the road and ensure you can fully enjoy your retirement. Celebrate Small Wins Saving for retirement is a marathon, not a sprint. Celebrate progress along the way—whether it’s maxing out your 401(k) for the first time or finally paying off that lingering debt. 3 Practical Action Steps to Get Started Calculate Your Retirement Needs : Estimate how much you’ll need to maintain your desired lifestyle. Don’t forget to factor in healthcare costs, home maintenance, inflation, and leisure activities. Review Insurance Coverage : Make sure you’re adequately covered with health, life, and long-term care insurance. These policies can protect your savings from unexpected expenses. Adjust Your Asset Allocation : As you approach retirement, consider shifting some of your investments into more stable options. This will minimize the risk of major losses as you approach the time when you will need the money. How Five Pine Wealth Management Can Help We can help you create a tailored plan, taking into account your current savings, goals, and timeline. With our experience, we can advise you on maximizing tax-advantaged accounts and minimizing unnecessary risks. Preparing for retirement in your 50s doesn’t mean sacrificing today’s joys. With thoughtful planning, strategic savings, and a focus on balance, you can enjoy the present while setting yourself up for a comfortable future. Start today, by scheduling a meeting with us. Email info@fivepinewealth.com or call us at: 877.333.1015 to take it one step at a time, and remember: It’s never too late to build the retirement you deserve.

In today's fast-paced and tech-driven world, convenience is a hot commodity. Businesses across industries have had to pivot to meet the demands of consumers who crave efficiency and ease. Think about how brick-and-mortar retailers have transformed into online shopping havens with a greatly increased selection of products, the ease of shopping at all hours from home, or how delivery services have boomed as an effortless solution to mealtime dilemmas, to name a few. If businesses don't prioritize easy accessibility and simplicity, many risk losing consumers. The finance industry is no exception — in fact, it's a prime example of an industry constantly innovating to simplify highly sought-after services like investing. Case in point? Robo-advisors. What Is a Robo-Advisor? If you're unfamiliar with the term, you could likely guess its meaning from the name alone. More officially, it refers to a software application that provides automated, algorithm-driven investment management with minimal human intervention. These platforms leverage technology to streamline and optimize the investment process. They typically offer a curated selection of investment options tailored to an investor's goals, risk tolerance, and time horizon. An automated solution for building wealth? Sounds promising! But while it might seem like an all-good, no-bad, very-welcomed shift in the industry, it's important to remember that with the positives may come some serious drawbacks. Let's explore both sides: robo advisor pros and cons. Robo-Advisor Pros First off, let's highlight the positives. A big one is that many individuals who had never even considered investing before might still be in the same position today if it weren't for accessible solutions like robo-advisors. They have opened doors for countless people to enter the world of investing, which is exciting! But let's look at a few other benefits that have fueled their increasing popularity: Accessibility and Convenience: These are two key factors that influence consumer satisfaction, and robo-advisors deliver precisely that. They are easily accessible online or through mobile apps. Their user-friendly interfaces make it easy for investors to open an account and set up automated contributions within minutes, monitor their investments, and make adjustments — all without the need for face-to-face meetings or phone calls with a financial advisor. Automatic Diversification: If you're new to investing or have limited knowledge, robo-advisors alleviate the stress of deciding how to invest. Using sophisticated algorithms, they offer diversified investment portfolios based on your risk tolerance, investment goals, and how soon you may need to access your invested money. This approach can effectively mitigate risk and minimize the impact of market volatility on investment returns. Low Cost: Robo-advisors usually come with lower fees than traditional financial advisors who actively manage your portfolio. Through automation and technology, these platforms can offer their services at a lower cost, making investment management more accessible to a broader range of investors, including those with smaller portfolios. These benefits are precisely what many investors are seeking as they begin their investing journey, positioning robo-advisors as a solution for some. Robo-Advisor Cons While robo-advisors have gained popularity for their evident and understandable benefits, it's essential to acknowledge that every innovation or advancement often has accompanying drawbacks. Let's explore some of them: No Human Touch: Finances are deeply personal. Beyond mere math, financial decisions are often emotionally driven. While a robo-advisor can efficiently manage your investments using algorithms and automation, it can't engage in comforting conversations or provide reassurance during turbulent market conditions to prevent impulse decisions driven by fear or uncertainty. Nor can it offer encouragement to keep going or remind you of your progress in your financial journey when times get tough. Sometimes, human interaction and guidance are indispensable. Limited Customization: Robo-advisors typically offer a selection of pre-built portfolios made up of ETFs (exchange-traded funds) or mutual funds. While these portfolios provide diversification that suits many investors, they're not a perfect fit for everyone. Take, for example, an investor with specific preferences, like avoiding certain companies or industries or desiring to invest in individual stocks. In such cases, robo-advisors might be too restrictive. Additionally, robo-advisors might not have the capacity to deal with more complex financial situations, such as tax optimization or retirement income planning for high-net-worth individuals. Limited Area of Focus: While the allure of robo-advisors partially lies in their simplicity, that can equally be a drawback. Because robo-advisors primarily focus on investment management, you might miss out on the holistic approach of a human financial advisor who considers various aspects of your financial situation. A robo-advisor doesn't consider factors like high-interest debt you may have, for example, which might be wiser to pay down before aggressively investing. Nor does it account for the possibility of not having an adequate emergency fund or other pressing financial obligations that take priority. When it comes to investing, having a financial advisor looking at your entire financial landscape can provide valuable insights into the most suitable account types to open, ideal contribution amounts, and the target rate of return to aim for. These drawbacks highlight the importance of understanding the limitations of a robo advisor vs. a financial advisor and considering them in the context of your financial goals, preferences, and circumstances. Robo Advisors vs. Financial Advisors: How Five Pine Wealth Management Can Add a Personal Touch to Your Finances  The balance between the positive and negative aspects is a common challenge of many new technologies, robo-advisors included. As with any financial decision, investors should thoughtfully evaluate their individual needs and preferences before opting for these platforms. As you might be able to guess, we here at Five Pine Wealth Management place immense value on the personal touch and genuine passion of a human financial advisor. It's the driving force behind everything we do. We believe in understanding your circumstances, empathizing with your concerns, building a long-lasting relationship, and providing personalized guidance for each client. While we can recognize the advantages of robo-advisors, we can't ignore the fact that they can't replicate the human element in financial planning. The relationship with a financial advisor goes beyond mere numbers. And if that's what you're looking for, we'd love to chat! Contact us at info@fivepinewealth.com or 877.333.1015 to schedule a meeting.

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For many parents, the end of daycare feels like a long-awaited financial milestone. No more sky-high monthly bills for childcare! But before you start redirecting those funds to other dreams or investments, let’s talk about an often-overlooked reality: the costs of raising kids don’t go away after daycare—they just shift. Extracurricular activities, summer camps, and other kid-related expenses can quickly replace them. Let’s break it down, debunk some myths, and explore strategies to keep your family budget (and your sanity) on track. The Daycare Cost Myth: When the Spending Doesn’t Stop Daycare costs can be jaw-dropping. For many families, these expenses rival a second mortgage or a high car payment. Naturally, there’s hope that when those daycare years end, your budget will breathe a sigh of relief. But here’s the thing: costs don’t magically disappear. They transform . As your children grow, new expenses fill the void. Think music lessons, travel sports, coding camps, tutoring, or after-school care. While these activities often feel less mandatory than daycare, they are still essential investments in your child’s development and they can add up quickly. According to a recent LendingTree survey , approximately 86% of high-income earners have their children involved in afterschool activities. These activities can be costly. Consider these costs: A competitive soccer program can run $2,000 to $5,000 annually Music lessons might set you back $1,500 to $3,000 per year Advanced academic tutoring or specialized training programs can easily reach $4,000 to $6,000 annually. When you multiply this by three, four, or even five activities (or more), those “savings” from daycare start to look a lot less impressive. For high-net-worth families, these costs might seem manageable at first glance. But the real kicker? The more opportunities your children have, the easier it is to overspend without realizing it. Tracking Your Family Budget: Awareness is Everything If you haven’t already, now is the time to get a clear picture of your family’s spending. You might find that extracurriculars creep into your budget in ways daycare didn’t—often sporadically and unexpectedly. Here are some tips to regain control: Identify Hidden Costs : Extracurricular activities come with sneaky expenses. Registration fees, uniforms, travel, equipment, and fundraising efforts can quickly double what you initially planned. Budget Seasonally : Unlike daycare, which is often a flat monthly rate, extracurriculars can fluctuate. Dance recital season or summer swim meets may require you to spend more during certain times of the year. Build these peaks into your budget. Set Limits : It’s easy to fall into the “yes trap,” especially if your child shows passion or talent in an activity. Be intentional about how many activities they participate in and prioritize those that align with your values. Plan for the Unexpected : Last-minute competition fees or special lessons often come out of nowhere. Having a family buffer fund can keep you from scrambling. Why It’s Easy to Overspend High-income families face unique pressures when it comes to kids’ activities. Beyond the financial ability to say “yes” more often, there’s a cultural expectation to do so. Here are some common traps we see with clients: Overcommitment : Money often opens doors to a dizzying array of extracurricular options. Saying yes to everything can lead to burnout for both parents and kids. Keeping Up with the Joneses : It's easy to fall into comparison traps, especially when other families travel for elite hockey tournaments or enroll in private music academies. Future-Planning Pressure : Activities often feel like stepping stones to college admissions or future success, making it hard to decline even costly opportunities. Recognizing these dynamics is the first step to breaking free from them. Remember, you don’t have to say yes to everything for your kids to succeed. Tax Benefits for Parents: Don’t Overlook Potential Savings One silver lining of managing child-related expenses is that some may come with tax perks. Here are a few to keep on your radar: Dependent Care Flexible Spending Accounts (FSAs) : This FSA allows you to set aside pre-tax dollars for eligible care expenses, such as after-school care or summer day camps. Child and Dependent Care Tax Credit : If you’re paying for care for a child under age 13, you might qualify for a credit on your tax return. Educational Savings Accounts : Extracurriculars that are educational in nature (like certain tutoring programs) might qualify for tax-advantaged savings if structured properly. Charitable Donations : Some extracurricular programs run by non-profit organizations may qualify as charitable donations. Keep detailed records of your contributions to these programs, as they could be tax deductible. Know Your State Tax Laws : Every state has different tax laws. For example, in Arizona, you can donate up to $400 (for a married couple) to a public school. The donation can then be used to pay for after-school activities such as sports programs for your children. You then receive an equal tax credit (not a deduction) off your state taxes. These benefits are often underutilized, especially among families who don’t feel they “need” the savings. But when layered with other smart financial strategies, they can free up funds for additional opportunities or long-term goals. Working with a financial advisor who understands the nuanced tax landscape and can help you maximize potential benefits is critical. The Value Behind the Dollar As fiduciaries, we understand that financial planning extends beyond simple cost calculations. These activities represent more than expenses — they're investments in: Skill development Character building Potential scholarship opportunities Social and emotional intelligence Creating lasting memories for your children It’s important to remember the intangible benefits of extracurricular activities. The key is finding the right balance between enrichment and financial stability. Preparing for What’s Next Even though daycare ends, the financial journey of parenthood doesn’t. The sooner you take control of shifting costs, the better positioned you’ll be for life’s next stages — whether it’s saving for college, supporting aging parents, or building a legacy for future generations. At Five Pine Wealth Management , we specialize in helping families like yours make thoughtful, informed financial decisions that align with your values. Our role is to help you navigate these investments strategically, ensuring that your financial decisions align with your family's broader goals and values.  Are you ready to create a financial plan that works for your family — daycare, dance lessons, and beyond? Schedule a meeting with Five Pine Wealth Management today. We’re only a phone call (877.333.1015) or email away. Let’s work together to create a family budget that reflects your priorities and sets you up for lasting financial success.

As the year comes to a close and a new one begins, many of us feel motivated to set resolutions to achieve: wellness goals to live healthier lives, professional goals to advance our careers, or personal goals to better ourselves. To help us lead more fulfilling lives, it’s important to remember to set financial goals as well. One of the best ways to position yourself for a successful year ahead is to set clear, intentional financial goals; without a roadmap, it’s easy to overlook your priorities and make reactive, rather than proactive, money decisions. Intentional financial goal-setting allows you to align your money with what matters most. By creating a financial plan that sets you up for success, you can move through 2025 with confidence and purpose. 1. Reflect on 2024 to Plan for 2025 Before setting financial goals for 2025, look back at the previous year and see where you stand financially. Looking back will help you move forward—by reflecting on your progress, you can understand what’s working, what’s not, and what you can build on in the year ahead. Evaluate Your Financial Habits: Take an honest look at your spending, saving, and investing habits. Did you stick to your budget? Were there times when you spent more than you made? Reviewing your financial habits can help you spot patterns and identify areas that need improvement. Identify Successes and Challenges: Recognize your financial successes, whether paying off debt, following a savings plan, or increasing your investments. But also acknowledge any setbacks, like unexpected expenses or missed savings goals. Understanding any challenges you may have had allows you to better address them as you plan for the new year. Reflection isn’t about perfection; it’s about learning and using what you’ve learned to refine your financial priorities for the coming year. By looking back, you can build a strong foundation for 2025 and help ensure your goals are realistic and aligned with your financial situation. 2. Set Your Financial Goals for 2025 The key to effective goal-setting is making your goals SMART—Specific, Measurable, Achievable, Relevant, and Time-bound: Specific : Your goal should be well-defined and clear. A specific goal eliminates ambiguity and gives you direction. Measurable: You should have a way to track progress. A measurable goal includes metrics or criteria to keep you motivated and help you know when you’ve achieved your goal. Achievable: Set realistic goals based on your current circumstances. While it’s great to aim high, your goals should be within reach. Setting achievable goals helps build confidence as you see progress. Relevant: Your goal should align with your overall priorities and financial situation. Time-bound: Set a deadline to achieve your goal. Setting SMART goals helps position you for success, as your resolutions aren’t just wishes but actionable plans. Create a Budget A well-planned budget is the cornerstone of financial goal-setting. Start by assessing your income and fixed expenses, then allocate funds for discretionary spending (while ensuring you leave room for savings and investments). By creating and sticking to a budget, you can help ensure steady progress toward achieving your goals for 2025. Build on Your Emergency Fund If you don’t already have emergency savings, make this a top priority. The common recommendation is three to six months’ worth of expenses. If you already have an emergency fund, consider increasing it to account for inflation or unexpected life changes. Pay Down Debt Reducing high-interest debt can improve your financial health and increase your financial freedom. With less debt, you can free up cash flow and put more towards saving, investing, and reaching your financial goals. Make sure you create a clear repayment timeline to keep you on track and stay motivated. Contribute to Retirement Accounts Fund your retirement: contributing to your 401(k) or IRA not only helps you build a nest egg for the future but can also offer immediate tax advantages. Aim to contribute at least enough to receive any employer match, since this is essentially free money that accelerates your savings. Consider increasing your contributions; incremental increases (even a small percentage annually) can have a significant impact over time. 3. Create a Blueprint for Success Creating a solid financial plan is all about building a roadmap that guides you toward your financial goals while keeping you motivated along the way. Here’s how to set yourself up for success as you work toward your financial aspirations: Break Goals into Manageable Steps: Large financial goals can feel overwhelming, so break them into smaller, achievable milestones. Smaller financial targets can make progress feel more attainable. Don’t forget to celebrate your wins! Automate Savings and Contributions: Setting up automatic transfers to your savings, investment, and retirement accounts is one of the most effective ways to stick to a financial plan. By paying yourself first, you put your goals first, before other spending. Build Flexibility into Your Plan: Life rarely goes the way you plan, so it’s important to leave room for adjustments. Regularly review your progress, and be prepared to adapt your timeline and priorities as needed. Focus on High-Impact Goals: Not all financial goals carry equal weight, so focus on the goals that will have the most significant impact on your financial health (like paying off debt or saving for retirement), provide long-term stability, and move you closer to achieving other financial milestones. Why You Shouldn’t Go It Alone  Setting intentional financial goals can help you take control of your financial future and ensure it’s fulfilling and secure. You don’t have to go it alone, though: partnering with a financial advisor can make a difference in achieving your goals, as their experience and knowledge can help you create a custom plan aligned with your long-term vision. At Five Pine Wealth Management , we work with you to develop a personalized plan that reflects your specific financial situation and priorities. As fiduciary financial advisors, we have your best interest in mind as we help you make informed decisions in your financial and retirement planning. We’ll always be in your corner, helping to keep you on track for achieving your goals in the new year and beyond. To see how we can help you in your financial planning, please give us a call at: 877.333.1015 or send us an email today.

As we head into 2025, the Five Pine Wealth Management team finds ourselves reflecting on an eventful and rewarding year. We’ve experienced growth, welcomed new faces at home, and taken some time to enjoy life outside of work. It's been a year of personal and professional milestones, and we're excited to share the highlights with you, our valued clients and friends. Sherrie’s Adventures For Sherrie, this year was about balancing professional responsibilities and personal passions. We always knew Sherrie was the creative one of the bunch. This year, she discovered a love for pottery, diving into classes at North Idaho College and Gizmo Maker's Space. (Let's just say her home now boasts an impressive collection of hand-crafted bowls and mugs!) Pottery has become her favorite way to unwind after a busy day at the office. When Sherrie wasn’t at the pottery wheel, she was exploring Europe with her daughter Jasmine. Their 10-day adventure took them through Belgium and France, where they enjoyed the local food, beer, and historic architecture. From the cobblestone streets of Bruges to the sparkling beaches of coastal France, it was a trip filled with unforgettable moments. (Pro tip from Sherrie: Belgian chocolate lives up to the hype!) Ben’s Growing Family The Holzhauser family started July with a bang, and we're not talking about the Fourth of July fireworks, but with the arrival of their second daughter, Margaret (Maggie) Rose. Ben and his wife are blessed to have two beautiful girls in their lives. Big sister Evelyn has taken her new role seriously, helping with Maggie's bottles, lots of tickles, and plenty of love. The Holzhauser household is brimming with joy—and probably a little extra caffeine. Ben continues to balance family life with his work. He's grateful for the support of his clients during this exciting (and busy) time. Financial Planner Spokane: Five Pine’s Milestones It’s been an incredible year of growth for Five Pine Wealth Management. We’re thrilled to share that we added over $30 million in new assets in 2024. This achievement wouldn’t have been possible without the trust and referrals from you, our amazing clients. Your confidence in our services motivates us to keep delivering the highest level of financial planning and investment management. Thank you for spreading the word about what we do! Looking ahead, we’re preparing to expand our team to better serve our growing client base. We plan to bring on another financial advisor in the coming months. Stay tuned for updates as we continue to grow and find new ways to meet your needs. Financial Tips to Start 2025 Off on the Right Foot As we head into a new year, it’s a great time to assess your financial health and set yourself up for success. Here are a few practical tips to help you start 2025 on solid ground: Revisit Your Financial Goals Reflect on the past year and evaluate your progress. Are your goals still relevant? Whether saving for retirement, paying off debt, or planning a big purchase, align your financial priorities with your values. Maximize Tax Advantages Review your contributions to tax-advantaged accounts like your 401(k), IRA, or HSA. Don’t miss the opportunity to increase contributions early in the year to take full advantage of compounding growth. Build or Replenish Your Emergency Fund If you dipped into savings this year, now’s the time to rebuild. Aim for at least three months’ worth of expenses to cover unexpected costs without derailing your financial plan. Schedule an Insurance Check-Up Life changes—like growing your family, purchasing property, or changing jobs—may require updates to your life, health, or disability insurance. Protect what matters most. Take Control of Your Investments Stay disciplined and avoid emotional decision-making when markets get bumpy. If your asset allocation feels off-track or your risk tolerance has changed, we’re here to help you adjust and stay focused on your long-term plan. Plan for Future Milestones Whether it’s a child heading to college, a business expansion, or retirement on the horizon, early preparation will make these transitions smoother and less stressful. A little proactive planning now can make a big difference throughout the year. Our Commitment to You As we look to the future, the priorities at Five Pine Wealth Management remain the same: helping you achieve your goals, simplify your financial life, and make decisions aligned with your values. Whether you’re building a legacy for your family, planning for retirement, or navigating the complexities of equity compensation, we’re here every step of the way. 2024 was an incredible year, but we’re even more excited for what’s to come. We'd love to meet with you if you're ready to start planning your financial future—or just need a second opinion on your current strategy. Give us a call (877.333.1015) or send us an email to schedule a meeting. Let’s work together to create a plan tailored to your life, values, and dreams.  Wishing you all the best this holiday season!

You’ve likely noticed the recent attention on crypto investing, with leaders in the industry like Bitcoin in the spotlight. Bitcoin’s value has surged over the past few months, and it seems to be the star of many investment conversations these days. Cryptocurrency has grown into a significant force in today’s financial world. As digital money powered by blockchain technology, it’s eliminated the need for banks or middlemen, making transactions faster, more transparent, and accessible. Of the many cryptocurrencies available in the market, Bitcoin is the original. It’s become more than a buzzword—it’s reshaped the way we think about money and investing. Whether you’re already a believer or just Bitcoin-curious, the year 2024 has been an exciting chapter in its story. Understanding Bitcoin and Cryptocurrency Investing Bitcoin is often called “digital gold” in the cryptocurrency world, and it’s consistently maintained its position as the most valuable, secure, and widely recognized cryptocurrency. Many investors consider it as not just another digital currency, but the cryptocurrency. What makes Bitcoin so special? Bitcoin has a fixed supply of 21 million coins, built into its code. This limited supply makes the cryptocurrency similar to precious metals like gold—it’s rare and can’t be replicated, and this scarcity drives its value. While central banks can print traditional currencies to increase the money supply (which can lead to inflation), the cap on the amount of Bitcoin in circulation helps the cryptocurrency hold its value and act as a potential hedge against inflation. Traditional financial systems rely on banks or intermediaries for their transactions, which often results in high fees, slow transaction times, and vulnerability to economic crises. Bitcoin instead operates on blockchain technology: an online, open ledger system that ensures every transaction is secure, transparent, and verifiable. This decentralized blockchain network protects Bitcoin from disruptions or failures that can affect traditional currencies or financial institutions. By cutting out the middleman, Bitcoin transactions can be sent directly between parties, anywhere in the world, in minutes. There’s no need for a bank to approve or process the transaction, and fees are often a fraction of what traditional financial institutions charge. Because Bitcoin operates independently of traditional markets, it’s an asset that doesn’t directly correlate with stocks, bonds, or government-issued currencies. For an investor, Bitcoin offers the ability to diversify your portfolio and reduce exposure to market volatility. Bitcoin Trends This Year Bitcoin’s recent values have hit record highs, with a price up nearly 150% from last year. Its performance in 2024 has been prompted by several factors: Political and Macroeconomic Impact Political and economic uncertainty can drive market volatility, prompting investors to invest in alternative assets to help reduce risk in their portfolios. This year’s persistent inflation, global market turbulence, and geopolitical tensions increased Bitcoin’s appeal and drove its value up due to its independence from central banks and political systems. After the U.S. Presidential election, Bitcoin’s prices surged even higher, as investors saw it as a hedge against potential instability during a political transition. Increased Investor Adoption Several Bitcoin ETFs were launched this year, providing a more straightforward way to invest in Bitcoin. Also, the introduction of clearer cryptocurrency regulations regarding the use, taxation, and trading of digital assets helped create a more secure foundation for institutional investment in Bitcoin as a strategic diversification tool. The increased investment from traditional investors and institutional investors, such as asset managers, hedge funds, and corporations, helped with price stability during market corrections and demonstrated a growing confidence in Bitcoin’s long-term investment potential. Technological Innovation Bitcoin’s Lightning Network (a payment protocol built on Bitcoin’s blockchain) continued to expand and helped to improve Bitcoin’s scalability, by enabling faster and more cost-effective transactions. These network upgrades helped boost Bitcoin’s functionality for everyday use as a practical payment method. This year also brought further innovations in blockchain technology and advancements in more energy-efficient mining techniques to address concerns about Bitcoin’s energy-intensive mining process. These developments helped to not only reduce Bitcoin’s carbon footprint and environmental impact but strengthened confidence in the cryptocurrency as well. Investment Opportunities in Bitcoin If you’re considering investing in Bitcoin for its long-term store of value, or its benefits in diversification, there are several ways you can incorporate Bitcoin into your portfolio: Direct Bitcoin Investment: The most straightforward way to invest in Bitcoin is directly purchasing the cryptocurrency. You can buy Bitcoin and hold it long-term as part of your investment strategy. This "buy and hold" approach can be appealing if you’re seeking exposure to Bitcoin’s price appreciation, with the potential for significant returns as demand increases. Bitcoin Exchange-Traded Funds (ETFs) If you’re looking to gain exposure to Bitcoin without directly purchasing it, Bitcoin exchange-traded funds (ETFs) provide a simpler alternative. Bitcoin ETFs allow you to buy shares in funds that track Bitcoin’s price movements, and function similarly to any other stock or index fund. Bitcoin ETFs also offer the benefit of being regulated, which provides a layer of security and transparency. Bitcoin Derivatives Bitcoin futures, options, and other derivatives also offer a way to gain exposure to Bitcoin’s price movements without owning the digital asset directly. Futures contracts allow investors to speculate on the future price of Bitcoin, which can lead to substantial profits if their predictions are correct, while other derivatives like options and swaps allow for more complex strategies. Derivatives are more advanced investment vehicles that have higher risks, making them best suited for those who have a strong understanding of the cryptocurrency market. Navigate Bitcoin With Confidence  As Bitcoin continues to evolve and disrupt traditional financial markets, more investors are including it in their portfolios. When you incorporate Bitcoin as part of a diversified mix in your investment portfolio, you can help reduce overall risk and potentially improve your long-term returns, especially in times of market volatility or economic uncertainty. The cryptocurrency market can be complicated, and it may be helpful to work with a financial advisor. They can help determine the appropriate role Bitcoin should play in your portfolio, and make sure that it fits within your risk tolerance and investment strategy. A financial advisor can also keep you informed about cryptocurrency regulatory and tax considerations. At Five Pine Wealth Management , we specialize in guiding clients through the intricacies of Bitcoin investing with confidence. We can help ensure your Bitcoin investments are well-managed and aligned with your overall financial plan. As fiduciary financial advisors , we always have your best interest in mind as we help you create a long-term strategy to achieve your financial goals. To see how we can help you with investing in Bitcoin or other financial needs, send us an email or give us a call at 877.333.1015 today.

If you’ve been thinking of buying a house, you know how challenging the housing market can be—between high mortgage rates and low housing inventory, finding the perfect, spacious home is not an easy task. You may have resigned yourself to staying where you are until market conditions improve, even if you feel like you’ve outgrown your current home. Limited space doesn’t mean you need to sacrifice your comfort or sense of style; there are plenty of creative ways to make a smaller home feel functional, organized, and inviting. Whether it’s storage hacks, or being smart in your design, you can make the most of your space, no matter the size. Space-Saving Idea #1: Adopt Design Minimalism A minimalist approach to your home decor can help create the feeling of spaciousness in a smaller space. By adopting minimalism in your design choices, you can maximize space visually rather than adding physical items. Consider decluttering and keeping only the items you truly need or love; by having fewer items, you’ll have less visual clutter and create a cleaner and more relaxing environment. It’s helpful to follow the philosophy of “one in, one out”—when you bring in something new, get rid of or give away something old to maintain the balance of your space. You can also opt for light, airy paint colors in your home, such as whites, creams, or light pastels. Lighter colors reflect light and give the impression of a larger space. You can add to this effect by strategically placing mirrors in your living areas: when placed opposite windows or entryways, mirrors can reflect both natural light and space and create the illusion of depth. Enhancing your space visually can help you transform a small area into a bright, welcoming environment that feels larger than it actually is. Space-Saving Idea #2: Maximize Your Storage Space When square footage is at a premium, the walls can become your best friend—consider adding wall-mounted shelving units or other hanging storage solutions to transform your walls into practical storage areas. If you place shelves high on your walls, you can use them to store books, decor, or kitchen supplies, leaving more floor space clear. Pegboards are also versatile and can help you organize everything from kitchen tools to office supplies. Hooks are a great option for hanging items you want to keep within reach, but out of the way. By using your vertical space, you can fit more into your home without making it feel cramped or cluttered. Another way to make the most of your space is the use of multi-functional furniture. Furniture pieces that double as storage, like ottomans with hidden compartments or bed frames with drawers, can help make it easier to keep items out of sight. And wall-mounted furniture like hideaway desks, foldable dining tables, or even Murphy beds can offer functionality when you need it and can be folded away when you don’t. Investing in furniture pieces that offer multiple uses or the ability to be tucked away can offer you both comfort and practicality and make a small home feel more open and organized. Space-Saving Idea #3: Plan Zones to Optimize Your Space In smaller homes with open layouts (think a studio apartment or a home with an open-floor layout), creating defined zones can make the space feel larger and more purposeful. You can designate areas for living, dining, sleeping, and working, based on how you arrange your furniture, rugs, or lighting. Larger area rugs can be particularly helpful to visually separate areas while still keeping the room open. Each area you create can serve a specific function, which can help you physically and mentally separate activities, even in a small home. Having functional zones not only adds organization but it can also make a single room feel like several distinct spaces. Using room dividers can help you distinguish spaces without the need for permanent walls. Whether you use bookshelves, curtains, or folding screens, you can add some privacy to a particular space such as a bedroom, while still having the flexibility to rearrange your space as your needs change. Space-Saving Idea #4: Embrace Smart Home Solutions Good lighting can make any room feel larger and more inviting. Consider using smart lighting options—LED strips under cabinets, motion-activated lights in closets, or app-controlled smart bulbs—that can help you customize the ambiance of your space and make it feel both brighter and bigger. As a bonus, smart lighting can help you save on electricity costs. Compact, energy-efficient appliances can also help lower your utility bills while providing all the essentials you need. Smaller refrigerators, washer-dryer combos, and slim-profile ovens can reduce both your energy usage and the physical footprint in your home (which is important when every inch counts!). Smart thermostats, portable fans, and compact air purifiers or humidifiers are also great additions, keeping the climate of your home feeling pleasant and fresh and making your space feel cozy and enjoyable year-round. With the right devices, your home can be comfortable and efficient, no matter the size. Space-Saving Idea #5: Extend Your Living Area Outdoors If your home includes a small balcony or patio, treat this area as an extension of your indoor space. Keep it simple: add a small table and chairs, a weather-resistant rug, and a few outdoor cushions. You can turn a bare balcony or patio into a comfortable nook for drinking your morning coffee, reading a book, or taking a moment to just relax. Maximizing your outdoor space enhances your quality of life, and gives you essentially an extra room without the need for more indoor space. Also, be sure to spend time away from your home and explore the outdoors—there’s a whole world outside of your walls to see and experience. Don’t let your living space limit you: head out into the wide open and enjoy the fresh air and sunshine! Plan for the Bigger Picture with Five Pine Wealth Management  With some creativity, a vision, and purposeful design, you can maximize the space in your home, even if it’s small. By making the most of your living space, you can create a comfortable and welcoming haven until the time is right to move out and move on to a new home. In the meantime, consider working with a financial advisor who can help you make strategic choices now to set you up for the future—whether that means maximizing your savings, planning for your dream home purchase, or developing investment strategies to support your long-term goals. They can provide tailored guidance to ensure you’re financially prepared for the future, regardless of the current market, and ready to seize better opportunities when the time is right. At Five Pine Wealth Management , we pride ourselves in partnering with you to develop a comprehensive financial plan that meets your short-term needs and long-term objectives. As fiduciary financial advisors, we have your best interest in mind with every recommendation we make—your success is our success. To see if we can help you prepare for whatever the future may bring, please email or call 877.333.1015 to schedule a meeting today.

The holiday season is upon us, and the Spokane and Coeur d'Alene areas offer a rich lineup of winter festivities and holiday events that are perfect for celebrating with family, unwinding, and embracing the joyful spirit of the season. From glowing lights to enchanting lake cruises, there’s something for everyone to enjoy. Here's your guide to some of the year's best holiday events. So, mark your calendar and prepare for some festive fun! Spokane Holiday Events There’s no shortage of events taking place in Spokane this holiday season. With so much to see and do, it may be hard to choose! Merry & Magical Lane Kick off your holiday season on November 23, 2024, from 3:00 to 7:30 PM, as Merry & Magical Lane transforms Post Street into a holiday wonderland. This event features live entertainment, seasonal treats, and special deals from local businesses. Highlights include Santa's arrival and the tree lighting at River Park Square at 5:00 PM, Wheatland Bank's horse and carriage rides, a cocoa station sponsored by Visit Spokane, and a roaming photo booth. Winter Glow Spectacular at Orchard Park Just a short drive from Spokane, Liberty Lake’s Winter Glow Spectacular is a must-see holiday tradition that lights up the night from November 23, 2024, to January 1, 2025. Orchard Park transforms into a breathtaking winter wonderland, featuring a dazzling display of lights, festive decorations, and whimsical scenes that delight visitors of all ages. This free event is perfect for a family outing, offering plenty of photo opportunities and a cheerful atmosphere that captures the spirit of the season. Numerica Tree Lighting On November 30, 2024, Riverfront Park hosts the annual Numerica Tree Lighting Celebration . Festivities begin at 4:00 PM near the Numerica Skate Ribbon, featuring food trucks and live entertainment, culminating in the tree lighting countdown at 6:00 PM. This event marks the start of the holiday season in Spokane and is a cherished tradition for the community. Even if you can't make the tree lighting celebration, you can still enjoy winter activities all season long. This unique 650-foot skating path winds through downtown Spokane and offers a great way to enjoy a winter day. If ice skating isn’t your thing, you can enjoy a ride on the skyride or carousel. Northwest Winterfest Running from November 29 to December 31, 2024, Northwest Winterfest is the Pacific Northwest’s largest illuminated lantern display and cultural celebration. Held indoors at the Spokane County Fair & Expo Center, this self-guided walking tour showcases dozens of handcrafted lanterns representing winter traditions from around the world. Attendees can also enjoy live cultural entertainment, children's activities, and a variety of food and beverages. Christmas Tree Elegance From December 3 to December 15, 2024, the Spokane Symphony Associates present Christmas Tree Elegance , a cherished annual event featuring the raffle of themed and beautifully decorated trees. Located at the Historic Davenport Hotel and River Park Square, attendees can purchase $1 raffle tickets for a chance to win a tree and its accompanying gifts, with values up to $4,999. This free event attracts over 100,000 visitors each year and supports the Spokane Symphony. Manito Park Holiday Lights Manito Park’s annual holiday lights display is a serene yet enchanting option for families looking to experience the holiday season at a slower pace. Bundle up and take a leisurely stroll through beautifully lit gardens, with twinkling lights illuminating pathways and trees. Known for its seasonal elegance, Manito Park offers a peaceful setting where you can appreciate the natural beauty of winter — and it’s an ideal stop for those looking for a relaxing way to celebrate the season. The lights are on display from December 14 to 22 from 4:30 - 8:30 PM each night. Coeur d’Alene Winter Activities Coeur d'Alene brings the magic of the holidays to life with its unique blend of lakeside charm and festive traditions. Known for its breathtaking views and welcoming community, the town offers a variety of activities that capture the wonder of the season. Annual Lighting Ceremony Parade Nothing signals the start of the holiday season in Coeur d’Alene quite like the Annual Lighting Ceremony Parade held on November 29, 2024. The evening kicks off with a festive parade along Sherman Avenue at 5:00 PM, followed by the tree lighting and a spectacular fireworks show. Journey to the North Pole Cruises From November 15 to January 2, 2025, you can embark on an unforgettable holiday adventure as you embark on the Journey to the North Pole Cruise . You’ll be treated to a scenic ride across Lake Coeur d’Alene to Santa’s waterfront workshop. Mudgy, Millie & Santa Sing-Along Families with young children will love the Mudgy, Millie & Santa Sing-Along at the Coeur d’Alene Library on December 14 at 11:00 AM. This interactive event features the beloved characters Mudgy the Moose and Millie the Mouse, who, along with Santa, lead a festive sing-along. Travolta Christmas Show Don't miss " The Sound of Christmas ," starring the Shotwell Family this holiday season. Running from November 29 to December 22, 2024, every Thursday through Sunday, this heartwarming performance blends music, storytelling, and cherished local traditions, offering a magical experience for audiences of all ages. Elf on the Shelf Scavenger Hunt The Elf on the Shelf Scavenger Hunt in downtown Coeur d'Alene is the ultimate holiday adventure for families and kids of all ages! Every weekend, from November 29 to December 22, 2024, brings the thrill of hunting for mischievous Scout Elves hiding in local shops and businesses. Grab your scavenger passport, collect stamps as you uncover their hiding spots, and unlock the chance to win prizes from Santa. Christmas Markets, Live Nativities, and More Check out the CdA Insider website for some unique holiday activities. You’ll find exciting events such as Christmas markets, live nativities, tree lighting, parades, and more to help get you in the holiday spirit. Skiing and Snowboarding at Nearby Resorts For those who crave outdoor adventure, nearby ski resorts like Lookout Pass and Silver Mountain offer excellent skiing and snowboarding opportunities. Both resorts are easily accessible from Spokane and Coeur d'Alene, making them ideal for a day trip or weekend getaway. Hit the slopes, take in the stunning mountain views, and let the fresh air revitalize you. Skiing and snowboarding are perfect winter activities for families or anyone looking to celebrate the season with a bit of adrenaline. Live Holiday Entertainment There are plenty of live performances to enjoy during the holiday season. Here’s a list to get you started: First Interstate Center For the Arts Cirque Dreams Holidaze - December 4 Rudolph the Red-Nosed Reindeer: The Musical - December 10 & 11 Snow Queen Ballet - December 13 The Jinkx and Dela Holiday Show - December 27 A Magical Cirque Christmas - December 28 Bing Crosby Theater Adriano Ferraro: A Christmas Concert - December 1 Spokane Jazz Orchestra: Christmas Music of Ray Charles - December 14 ABBA Holly Jolly Christmas - December 20  The Fox Theatre The Nutcracker - December 5 to 8 Glen Miller Orchestra: In the Christmas Mood - December 10 Christmas with the Celts - December 13 Spokane Symphony: Christmas at the Movies - December 21 Plan for More than Just Holiday Cheer As you enjoy these festive holiday experiences, it’s a good time to think about setting plans for the year ahead. While the holiday season is a joyful opportunity to celebrate with family and friends, it’s also a valuable moment to reflect on financial goals, future dreams, and ways to protect the things that matter most to you. So, before the hustle of the holidays sweeps you away, reach out to Five Pine Wealth Management and start planning for a prosperous, joyful future. We’re only a phone call (877.333.1015) or email away. Remember, the best gifts are the ones that last a lifetime.