Retirement Planning

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 […]

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Roth IRAs

The Ultimate Guide to Roth IRAs

by Sophia Bera January 19, 2017

One of the best things young investors can do to ensure their future financial freedom is begin saving for retirement as early as possible. I recommend Roth IRAs to many of my clients and friends, because the way they work can be especially beneficial to young professionals. You might have a Roth IRA account set […]

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2017 Money Moves

17 Quick & Dirty Money Moves You Can Make in 2017

by Sophia Bera January 11, 2017

It’s a new year, and you are pumped to make some changes to your finances. Only you don’t know where to start and you’re afraid to make a mistake. You’ll totally get around to it, though … once you’re done with a bunch of other chores you just remembered you had to do right now. […]

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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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Millennial women investing

Why Millennial Women Need to Invest, Even If We Don’t Think We’re Ready

by Sophia Bera June 15, 2016

When it comes to investing, women still lag behind men in terms of getting started and that means we miss out on years of compound interest. Investing is important because it allows your savings to grow considerably more than they would if you kept all of your money in a savings account. A recent survey […]

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Roth IRA Contribution Limits

I No Longer Qualify for a Roth IRA — Now What?

by Sophia Bera June 1, 2016

You’ve heard the advice when it comes to saving for retirement: contribute enough to your employer-sponsored retirement plan to get the company match, and then contribute up to $5,500 per year to a Roth IRA. But Roth IRAs have income limits — $133,000 for single tax filers, and $196,000 for married filers. And if your […]

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Financial planning for an inheritance or settlement

What To Do with an Inheritance or Settlement

by Sophia Bera April 6, 2016

If you receive a large windfall from an inheritance or lump sum settlement, you’re suddenly faced with financial decisions you weren’t expecting. Getting a lot of money at once can be a blessing and a curse. You’re not only dealing with the emotions of receiving this money (maybe from a loved one who passed away, […]

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Financial New Year's resolutions

Stick to Your Goals for a Financially Fantastic New Year

by Sophia Bera December 30, 2015

New Year’s Eve is right around the corner and in addition to picking out that perfect sequined party dress, you might be thinking about what New Year’s resolutions you’d like to take on. Maybe this the year you commit to working out three times a week, learn how to code, or conquer your fear of […]

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Retirement planning for Millennials

How Much Should You Be Saving for Retirement?

by Sophia Bera November 18, 2015

Retirement seems like a long time away for Gen Y, but it’s never too early to start saving. In fact, time is on your side right now and investing money in a retirement account will allow that money to grow at a much faster rate than it would if you kept it in a savings […]

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intermediate financial tips

You’re Doing Really Well Financially: Now What?

by Sophia Bera September 9, 2015

When you’re first getting your financial act together, the advice you’ll get pretty much boils down to: Create a budget Build up emergency savings Pay down debt Contribute enough to your 401(k) to get a company match, and fund a Roth IRA as well if you can You built up a solid career, got out […]

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