Kids and money

How to Teach Your Kids About Money

by Sophia Bera May 17, 2017

Over the years I’ve worked with many people who graduated from college without a clue about money. They didn’t know how to budget, couldn’t tell if they were getting a good deal on a purchase, and ran up credit card debt because they didn’t understand how credit works. Unfortunately, financial literacy isn’t taught in schools […]

Read the full article…
529 plans and saving for college

529 Plans and How to Save for Your Child’s College Education

by Sophia Bera May 10, 2017

At Gen Y Planning, we work with a lot of clients that are thinking about having kids in the next few years, or already have young children. As you can imagine, I get asked about saving for college a lot. With the cost of college going up about 5% a year, today’s newborns can expect […]

Read the full article…
Building your team

Why Assembling a Rock-Star Team is the Key to Success

by Sophia Bera April 26, 2017

This is part 3 of a 3 part series on a “Behind the Scenes Look at Gen Y Planning.” Feel free to start by reading Part 1 on “How I Built the Kind of Business I Want to See in the World” and Part 2 on “Yes, You Can Run a Business and Still Have […]

Read the full article…
work/life balance

Yes, You Can Run a Business and Still Have a Life! Here’s How

by Sophia Bera April 19, 2017

This is part 2 of a 3-part series on a “Behind the Scenes Look at Gen Y Planning.” Feel free to start by reading Part 1 on “How I Built the Kind of Business I Want to See in the World”. Also, if you’re a financial planner who is interested in finding out about the […]

Read the full article…
Launching Gen Y Planning

A Peek Behind the Scenes at GYP: How I Built the Kind of Business I Want to See in the World

by Sophia Bera April 12, 2017

This is part 1 of a 3-part series on a “Behind the Scenes Look at Gen Y Planning.” If you’re a financial planner who is interested in finding out about the next mentorship program that I’m launching, you can sign up for the wait list here. I just spent a few months coaching other financial […]

Read the full article…
Taxes for the self-employed

Tax Tips for Freelancers, Side-Hustlers, and the Self-Employed

by Sophia Bera March 29, 2017

If you work as a full-time contractor or freelancer, own your own business, or earn income through a side hustle, your tax situation is going to be a bit different. When you work as a W-2 employee, a portion of each of your paychecks automatically goes toward taxes and Social Security and Medicare payments. But […]

Read the full article…
Tax mistakes

3 Tax Mistakes Accountants See Every Year (and How to Avoid Them)

by Sophia Bera March 22, 2017

A quick temperature check one month out from Tax Day: how are you all doing? Stressed? Tired? Bragging to your friends about how you finished your taxes ages ago? (Pro tip: stop doing that if you want friends around for Tax Day 2018!) By now you might be deep into kicking yourself for being less-than-diligent […]

Read the full article…
Tax credits & deductions

How Tax Credits and Deductions Can Lower Your Tax Bill

by Sophia Bera March 15, 2017

Here’s a typical year in the life of clients I work with: They bought their first house and installed new windows They bought a new computer for their freelance gig They had a baby that started daycare at three months old They’ve got a few years left of student loan payments They got LASIK They […]

Read the full article…
Lower tax bill

4 Legal Ways to Lower Your Tax Bill

by Sophia Bera March 8, 2017

By now, you might have completed your tax returns for 2016 … and for some of you, the joy of getting your taxes out of the way is lessened by how much you owe the IRS. If it makes you feel any better, a big tax bill is a sign you made a lot of […]

Read the full article…
Lending money to loved ones

How to Lend Money to Loved Ones Without Wrecking Your Relationships

by Sophia Bera February 22, 2017

Here’s a question that can negatively affect your relationship with a friend, relative, or significant other for years to come: Can I borrow some money? When someone you care about needs financial help, you don’t want to leave them in the lurch. After all, these are the people you’d turn to in a crisis — […]

Read the full article…