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 up (and even contribute to it!) without understanding its importance. Or maybe you’ve … [Read more...] about The Ultimate Guide to Roth IRAs
17 Quick & Dirty Money Moves You Can Make in 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. I know. It’s easier to wrap your head around a to-do list item like “mop bathroom floor” than the one that says “start … [Read more...] about 17 Quick & Dirty Money Moves You Can Make in 2017
I Have a Trust Fund — Now What?
There’s a lot of advice out there for people who are looking to set up a trust for their younger family members. Setting up trusts can be a great way to pass your money down to the next generation. But what do you do if you find out you’re receiving money from a trust? Coming into a large amount of money is life-changing. You might have known about your trust your whole life, or it might … [Read more...] about I Have a Trust Fund — Now What?
Your Guide to Roth IRA Conversions
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 you can withdraw that money in retirement tax-free. I recommend them often, especially to people who … [Read more...] about Your Guide to Roth IRA Conversions
How Do I Choose My Company Benefits During Open Enrollment?
We’re eyeballs deep in helping our clients choose their company benefits at Gen Y Planning right now! Why? Because this is one of the ways we save our clients the most money: by revamping their company benefits. Maybe you chose your company benefits a few years ago and haven’t looked at them in awhile. Well, I highly encourage you to pull out that giant booklet and start reading. Warning: this … [Read more...] about How Do I Choose My Company Benefits During Open Enrollment?
How Refinancing Your Mortgage From a 30-Year to a 15-Year Fixed Rate Could Save You Six Figures
If you own a home or you’re currently looking to buy, odds are you’ve got (or are considering) a 30-year mortgage. It’s by far the most popular mortgage option. (And with interest rates at historically low levels right now, I highly recommend locking those rates in with a fixed-rate mortgage!) Now, what’s popular isn’t what’s always right for your personal financial situation. Mortgages come with … [Read more...] about How Refinancing Your Mortgage From a 30-Year to a 15-Year Fixed Rate Could Save You Six Figures