This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. Where should I keep my savings? There’s plenty of advice out there for retirement savings but very little about other savings. What should I do with my savings after I have a good amount set aside for a safety net (for example, if … [Read more...] about Ask Gen Y Planning: Where Should I Keep My Savings?
Ask Gen Y Planning: How Do We Handle the Most Expensive Time of Our Lives?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. My husband and I are in our early 30’s and are expecting our second child. My husband is an electrician and his firm does not have disability or life insurance benefits, nor does it have a 401(k). I am worried that we aren’t set … [Read more...] about Ask Gen Y Planning: How Do We Handle the Most Expensive Time of Our Lives?
Ask Gen Y Planning: How Should I Invest My Inheritance?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I am about to inherit $100,000. I am the first person in my family to ever receive an inheritance. What is a good low-risk investment that will protect the principle? This is a timely question, as many millennials stand to receive … [Read more...] about Ask Gen Y Planning: How Should I Invest My Inheritance?
Ask Gen Y Planning: Should I Invest in Cryptocurrency?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What are your thoughts on Bitcoin (or other cryptocurrencies) as an investment? Bitcoin and other forms of cryptocurrency are the new hotness when it comes to investing, but I urge you to be really cautious. Cryptocurrency isn’t … [Read more...] about Ask Gen Y Planning: Should I Invest in Cryptocurrency?
Ask Gen Y Planning: What Do I Need to Know About the New Tax Bill?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What do I need to know about the new Trump tax plan? How can I best prepare myself for the change? (My husband and I both work full time and have two kids; we own a duplex that we rent out and live in, but we’re thinking of … [Read more...] about Ask Gen Y Planning: What Do I Need to Know About the New Tax Bill?
Should I Hire a Financial Planner?
With the new year around the corner, many of you are setting financial goals for 2018. You’re paying off the last of your student loans, switching jobs, starting that Roth IRA, or getting ready to buy a home. You might also be in the middle of some major life changes -- getting engaged or married, having a baby, or quitting your full-time job to start your own business. Or maybe you decided that … [Read more...] about Should I Hire a Financial Planner?