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 and time-consuming probate process. Keep in mind that I am not a lawyer … [Read more...] about How Do Trust Funds Pay Out?
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 Suze Orman and asked for her opinion of the FIRE … [Read more...] about The FIRE Movement: A Financial Planner’s Perspective
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 our calls. Even when you know it’ll only take a few minutes, or that it’s a smart move, … [Read more...] about Ways People Put Off Actually Dealing With Their Money
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 about one of my favorite charities, you can check out this article from Financial … [Read more...] about How to Make a Plan for Your Charitable Giving
This is the fourth post in a series on employer stock programs. Check out the previous posts on Incentive Stock Options, Non-Qualified Stock Options, and Employee Stock Purchase Plans. Like other forms of company stock, Restricted Stock Units, or RSUs, are granted to employees to attract, reward, and retain them. This can be when you’re first hired, or later on as a bonus (or both!). What Are … [Read more...] about The Gen Y Planning Guide to Company Stock: What Are Restricted Stock Units (RSUs)?
This is the third post in a series on employer stock programs. Check out the previous posts on Incentive Stock Options and Non-Qualified Stock Options. Employee Stock Purchase Plans (ESPPs) can be a great way to take advantage of buying shares in your company stock at a discounted price, typically 10-15% off. Plus, your company makes it extremely easy to participate because you purchase shares … [Read more...] about The Gen Y Planning Guide to Company Stock: What Are ESPPs?