Just because I’m a financial planner doesn’t mean I’ve checked off all the items on my own financial to-do list! I’ve been feeling a bit overwhelmed by the mounting businesses and personal financial tasks that I have on my plate — and I decided that if I’m feeling this way, maybe my readers are too. Here’s what I do when I’m feeling overwhelmed by financial tasks and don’t know where to … [Read more...] about 5 Steps To Organize Your Financial Life
Use Your Money to Match Your Values Keep living like a college student while you build a solid financial foundation. By living below your means and not inflating your lifestyle as your salary grows, you will be able to reach your financial goals much faster. Try to keep your fixed costs as low as possible so that you can save for the things that matter most in your life. Go … [Read more...] about Building Financial Security for Gen Y: Laying the Groundwork
Many millennials don’t associate insurance as part of their financial picture, but it’s an important piece of financial planning. We are so focused on saving, paying down debt, and investing, that we sometimes forget about protection planning. Please note: every person’s situation is different so it’s important to work with a comprehensive financial planner to make sure you have the … [Read more...] about Protect Yourself and Your Stuff – An Insurance Overview
About half of my clients are couples, and they often ask me what they could improve with their finances. My suggestion: View “your money” as “our money” and start planning as a couple. I realize that you may have spent the last 10 years of your adult life as a single lady (cue Beyoncé), and you didn’t have to take into account anyone else’s money habits — or their money … [Read more...] about Couples And Money: Avoiding The Two-Income Trap
I am asked a lot of questions about retirement: Where should I save for retirement? Should I use a 401(k) or a Roth IRA? Can I do both? What’s a Roth 401(k)? How do I find out about my company match? I have a 403(b), what’s that? These are all great questions! Today I want to break down all these ways to save for retirement and which ways might be best for you. … [Read more...] about Should I Contribute to a 401(k) or a Roth IRA?
Congrats! You just finished college, or grad school, or law school, or business school! Now, it’s time to figure out what student loan program you’re going to choose to pay back your student loans. If you have a reasonable amount of student loans in relation to your income, then you will most likely want to choose the 10 year standard repayment method so that you can pay them off … [Read more...] about Student Loans: Pay As You Earn, IBR, ICR, PSLF, and OMG This Is Confusing!