Trust fund

I Have a Trust Fund — Now What?

by Sophia Bera December 7, 2016

There’s a lot of advice out there for people who are looking to set up a trust for their younger family members. Setting up trusts can be a great way to pass your money down to the next generation. But what do you do if you find out you’re receiving money from a trust? Coming into a […]

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Roth Conversions

Your Guide to Roth IRA Conversions

by Sophia Bera November 23, 2016

If you’ve been reading my blog for awhile, you’re one of my clients, or you took my course, Smart & Easy Retirement Planning for Millennials, you know I talk about Roth IRAs a lot. With a Roth, you contribute up to $5,500 post-tax dollars per year, hopefully it grows for a few decades, and then […]

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Open enrollment

How Do I Choose My Company Benefits During Open Enrollment?

by Sophia Bera November 16, 2016

We’re eyeballs deep in helping our clients choose their company benefits at Gen Y Planning right now! Why? Because this is one of the ways we save our clients the most money: by revamping their company benefits. Maybe you chose your company benefits a few years ago and haven’t looked at them in awhile. Well, […]

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Refinancing mortgage

How Refinancing Your Mortgage From a 30-Year to a 15-Year Fixed Rate Could Save You Six Figures

by Sophia Bera September 21, 2016

If you own a home or you’re currently looking to buy, odds are you’ve got (or are considering) a 30-year mortgage. It’s by far the most popular mortgage option. (And with interest rates at historically low levels right now, I highly recommend locking those rates in with a fixed-rate mortgage!) Now, what’s popular isn’t what’s […]

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Upgrade your finances

You’re 30 — Stop Doing What You Did in College

by Sophia Bera September 7, 2016

I’m a big fan of automating your finances as a way to grow your wealth. After about 30 minutes of set-up, your money is whisked into different accounts, and you’re less tempted to spend your savings because you don’t really see that money. But every year (or whenever you experience a big life change like […]

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How to save on child care

How to Save on Child Care

by Sophia Bera August 24, 2016

Many Millennials are at an age where they’re deciding when, or if, to grow their families. In addition to imagining all the ways having kids can change your life, it’s important to prepare financially. One big expense many soon-to-be parents worry about is child care. The average annual cost in the U.S. is $18,000 — […]

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Raising your credit score

5 Ways to Repair Damaged Credit

by Sophia Bera August 10, 2016

When used responsibly, credit cards and loans can be amazing tools. Using a credit card instead of cash allows you to maintain a detailed record of your spending, and racking up rewards points can save you a lot on large expenses. Loans make it possible to spread out payments on big-ticket items like a house […]

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Weighing a job offer

Weighing a Job Offer? Look Beyond the Salary

by Sophia Bera July 27, 2016

You’ve been job hunting for months, and you finally receive a job offer. You’re desperate to get out of your current job, and the salary they’re offering looks decent enough, so you should just go for it, right? Eh, maybe. If you think of a job offer as a pie, the salary is but a […]

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myths of home ownership

Don’t Fall For These Myths About Homeownership

by Sophia Bera July 13, 2016

If you currently rent, I’m willing to bet that at least one friend or family member has said something like this to you in the past year: “You should buy a place. It’s a good investment.” “You can always sell it or rent it out if you need to move.” “Renting is throwing money away.” […]

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Stupid Sh*t People Do With Their Money

Stupid Sh*t People Do With Their Money

by Sophia Bera June 29, 2016

Two months ago, I wrote a blog post about ways people pretend to have their money sh*t together, and I got a lot of responses from readers who loved it. Apparently you all know people who are good at keeping up appearances … or maybe you just like when I include partially-obscured curse words in […]

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