In this article, we look at millennials and retirement savings. Millennial women may be saving less than millennial men Millennials are the generation of people born between about 1981 – 1996, according to Wikipedia (link opens in new tab). Recent research (link opens in new tab) indicates that millennial women are contributing 5% of their […]
Financial Planning
Maximize College Financial Aid
In this article, we discuss maximizing financial aid for college. A child’s college education can be a big family expense A college education is often the largest major expense outside of retirement for many families. According to the Federal Reserve (link opens in new tab), student loans represent the second-highest consumer debt category behind mortgages, […]
Teaching Kids about Money
In this article, we consider ways of teaching kids about money. I often talk with clients about how to teach their kids about money. I’ve also had many conversations with my husband about ways to educate our son about money. I don’t want him to be spoiled, or overly focused on money. But I do […]
Costly Women’s Investment Gap
In this article, we look at a potentially costly mistake women make with money. Women budget, men invest – but it doesn’t have to be that way. I had a conversation the other day with another female advisor, where we discussed the need for our society need to do a better job educating women about […]
Give the Gift of Education this Holiday Season
In this article, we will discuss how to make contributing to a child’s education savings account an enjoyable gift. College is expensive now, and it’s getting ever more costly. According to The College Board (link opens in new tab), in 10 years the projected cost of a 4 year public college degree is expected to […]
Nothing Saved for Retirement?
In this article, we examine a recent survey on retirement savings and consider ways to re-allocate money for savings, using a budget. 45.5% of adults may have nothing saved for retirement. According to a survey published in October 2019, 45.5% of over 2,000 adults of all ages polled had nothing saved for retirement. GoBankingRates.com is […]
Why Use a Budget?
In this article, we will discuss some common reasons why individuals choose to use budgets, and a simple how-to if you’re ready to start. Umm, I have no idea how much I’m spending each month. Regularly when I meet with clients, I ask them questions about their income and spending. Income is usually relatively simple […]
What Can a Financial Advisor Do for Me?
In this article, we will discuss some common reasons why having a financial advisor might be helpful. Financial advisors can help organize your financial life. Financial advisors can help you get your financial life in order. For example, a person may have worked multiple jobs over the years, accumulating 401k/403b assets along the way. A […]
SEC Considers Allowing Advisors to Use Client Testimonials
In this article, we discuss testimonials for advisors, and more specifically, regulatory limitations placed on advisors that prevent using testimonials in advertising. The SEC is considering whether to permit advisors to use client testimonials and endorsements in advisor advertising. Being a Registered Investment Advisor (RIA) comes with a requirement to follow many regulations. An RIA’s […]
Interest Rates are Getting Lower – What Does That Mean for Me?
In this article, we discuss what lowering interest rates can mean for the consumer. The Federal Reserve recently announced a rate cut. What does that mean for you and me? The Federal Reserve Open Committee (FOMC) recently announced a rate cut. Before you dismiss this as news only relevant to the finance- or bank-types, let’s […]
Where Should I Save for Retirement?
In this article, we outline some options for using retirement savings plans to save for future needs. What are some options for saving for retirement using retirement savings plans? A financial advisor can help provide you with information specific to your situation and also, provide you with practical advice so you know exactly what steps […]
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