Roth IRA

What Happens to My Roth IRA When My Income Increases?

by Sophia Bera March 20, 2019

I frequently recommend Roth IRAs to my clients as part of their retirement savings strategy. Because you contribute after-tax income, millennials who are still establishing their careers (and therefore are in a lower tax bracket) can lock in a lower tax rate on contributions now, and then pay no taxes when withdrawing money in retirement […]

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scared to spend money

I’m Scared to Spend Money, But I Make Six Figures

by Sophia Bera February 27, 2019

I’ve spoken to so many successful millennials who earn a comfortable salary and save and invest a healthy amount. Yet they still hoard cash like their luck is about to run out, or are racked with fear whenever faced with a chance to spend on something that isn’t essential to survival. They’re so afraid to […]

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trust funds

How Do Trust Funds Pay Out?

by Sophia Bera February 21, 2019

Whether you’re the recipient of a trust fund or you’re setting one up for the benefit of someone else, it’s important to understand the basics of how trusts work. Trusts can be complicated, but they’re also helpful estate planning tools that allow people to pass their wealth down, while in many cases bypassing the expensive […]

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FIRE movement

The FIRE Movement: A Financial Planner’s Perspective

by Sophia Bera January 23, 2019

More and more, I work with clients who are interested in the FIRE movement (which, if you haven’t heard of it, stands for Financial Independence, Retire Early). Countless blogs, websites, and podcasts are dedicated to FIRE, sharing the stories of how people penny-pinched their way to freedom from The Man. My friend Paula Pant interviewed […]

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dealing with money

Ways People Put Off Actually Dealing With Their Money

by Sophia Bera December 20, 2018

I regularly assign my clients money-related homework assignments, and I’ll be the first to tell you that it’s hard to deal with your money. I struggle, too! (That’s why I hire a financial planner myself.) I also try to help my clients knock out a few tasks during their meetings so they feel accomplished after […]

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Thumbnail image for How to Make a Plan for Your Charitable Giving

How to Make a Plan for Your Charitable Giving

by Sophia Bera November 21, 2018

Holiday donation drives are in full force, and you may be considering how to allocate any spare amount of money you can give toward causes you care about. I often discuss charitable giving with clients, because believe it or not, it’s an important part of an overall financial plan. If you want to read more […]

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