ABOUT Phillip

Phillip is a CERTIFIED FINANCIAL PLANNER™ professional with a strong background in financial planning. Phillip joined the Pure Financial team in 2016. Prior to becoming a Financial Advisor, Phillip served as a Senior Financial Planning Strategist for Pure Financial, where he played an integral role in providing in-depth analysis and construction of comprehensive financial plans. [...]

If one of your goals for the year is to get your finances in order, we have some financial resolution topics for you today. Phillip Chinothai, CFP®, AIF®, Pure Associate Advisor covers the top 5 financial resolutions.

Budget: It’s hard to plan for the future if we don’t have a solid foundation of knowing what dollars are coming in and what’s going out.

Debt: As a general rule of thumb, you want to keep monthly total debt payments to below 30% of your pre-tax income.

Taxes: Once you’ve wrapped up your prior year’s taxes, you’ll want to look at how the taxes will tie into the current year.

Investment Strategy: There are a variety of ways to invest but you should have some type of clear and consistent strategy that is also well-diversified.

Estate Planning: Not the happiest topic to discuss but it is critical to ensure that your assets go to your intended beneficiary and that your final wishes are met.

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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.

• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

CFP® – The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.

AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.