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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Ways People Pretend to Have Their Money Sh*t Together

Ways People Pretend to Have Their Money Sh*t Together

by Sophia Bera May 18, 2016

When you’ve got friends who live like the Rich Kids of Instagram, life can feel distorted. Especially if you’ve talked about money with these friends and you know they don’t make more than you do. How can they afford dinners out, travel, and designer clothes? Where did they get the money for that $500,000 condo? […]

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Lifestyle creep

A Guide to Preventing Lifestyle Creep (and Using Extra Cash to Build Wealth Instead)

by Sophia Bera May 4, 2016

You’ve seen this happen to your friends. They get a big raise, or a new job that pays much more than their previous one. Suddenly, they’re a different person. They trade in their 10-year-old Toyota for a brand-new Audi, ditch their roommates for a one-bedroom in a luxury building, and they’re no longer your go-to […]

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grad school

How to Pay for Grad School, Law School, or Your MBA

by Sophia Bera April 20, 2016

If you’re considering going back to school to get a master’s degree, law degree, or MBA, you might be looking into student loans to help pay tuition — especially since many graduate programs cost $50,000 a year or more. Yikes! This is a choice to not take lightly. Taking on debt of this magnitude (possibly […]

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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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Investing for Millennials

Investing: It’s Not Just For Rich Old People Anymore

by Sophia Bera March 23, 2016

When you think of investors, what do you see? Men in suits strolling down Wall Street? The Sad Guys on Trading Floors blog? Your parents chatting on the phone with their financial advisor? A lot of Millennials don’t picture themselves as investors, and that’s a problem. According to a Facebook study on Millennials and money, […]

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The Nuts and Bolts of a Mortgage

by Sophia Bera March 14, 2016

If you’re considering buying a home for the first time, there are a lot of terms thrown around that make the process seem pretty daunting. The one you’ve probably heard of? The mortgage. Much like rent, your mortgage payment is due monthly. But what does that payment cover? How do you get approved for one in the […]

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Student Loans

Student Loan Debt and What to Do About It

by Sophia Bera February 24, 2016

When you work with Millennial clients like I do, you are very well-acquainted with how student debt can affect a person’s everyday life. As countless articles and news reports lament, today’s 20 and 30-somethings are putting off buying homes and cars, getting married, having kids, and saving for retirement. While a bachelor’s degree is generally […]

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Saving up for the cost of having kids

Want Kids One Day? Begin Saving Today

by Sophia Bera February 10, 2016

If you’re feeling the urge to have your first baby, you’ve probably spent the past few months or years imagining what your future baby will look like, what names you like, and how adorable they’ll look in a onesie with little ducks on it (so adorable!). But when you’re planning to have a baby, you […]

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Recession-proof your finances

Are You Prepared to Ride Out the Next Recession?

by Sophia Bera January 27, 2016

The stock market experienced quite a few drops in January, causing a frantic debate in the media over whether or not another recession is coming. You might have been in college during the 2008 recession, or recently graduated and struggling to find a job. Or maybe you were a few years into your career and […]

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