How to Stay within Your Budget: Monitor Your Budget Busters

Budgeting,Revisited. Fee Only Financial Planner says: Develop a workable tracking system and you are more likely to stay within your budget.

Financial Housekeeping: What To Do with Those “Old” 401(k)s

There is no shame in owning multiple  401(k) or 403(b) accounts—the fact that they exist indicates a commitment to retirement savings. What may bring on a twinge of guilt (and rightfully so) is the neglect of these accounts, such as ignoring how the money is invested and leaving quarterly statements unopened. Sound familiar? Rest assured […]

Tax Planning Tutorial: This Fee Only Planner Thinks It’s Time To Clear up the Confusion Over the Gift Tax Law

There are many confusing tax laws, but the one that seems to generate the most misunderstanding is the gift tax law. Everyone seems to be aware that people can give up to $13,000 (this amount is periodically adjusted for inflation) a year with no tax consequences – but beyond that it’s fuzzy. A client asked me today if she would have to pay tax on a $100,000 gift her parents were planning to give her to buy a house. The answer is no.

Why We Should Talk About Women’s Financial Empowerment Now More than Ever

Millions of women all over the world took to the streets on January 21st to stand up for what they believe in. The energy of the Women’s March was contagious, and it was thrilling to be a part of the sea of knitted pink hats and hand-made signs with clever slogans such as: “Tweet women […]

Happy Holidays: The Gift of Financial Self-Care

The holiday season is a once-a-year mash-up of magic and madness, and it can be a challenge to find balance between the two. The moments of wonder with family and friends go hand-in-hand with the chaos of shopping, rushing, eating, and drinking…sometimes to excess. ’Tis the season to be jolly, and the season only comes […]

6 Year-End 2016 Tax Planning Tips and Reminders

Don’t let the year slip away without doing a little tax planning – the financial benefits will be worth your time. All of the below tips and reminders must be done by December 31, or you either forfeit the opportunity or pay penalties. 1. Max Out Qualified Plan Contributions If your cash flow can stand it […]

Happily Self-Employed: 10 Tips to Finding Bliss as Your Own Boss!

A friend who recently left her corporate job and is now self-employed asked me how I manage to run a business while still enjoying an active, interesting life outside of work.  She wanted some suggestions, which made me reflect on what has been most important for me in achieving a healthy and happy work-life balance. […]

How to Prepare For An Encore Career

Ready for a career change? More and more people are rethinking success at midlife or retirement, and considering a shift to more meaningful, purpose-driven work. Combining a desire for social contribution, entrepreneurial passion, a job that’s not-just-a-job, and – often – continued income, encore careers are an appealing fresh start. Whatever your encore career goals, […]

Smart and Savvy Roth IRA Strategies

Roth IRA’s are a great savings tool. Contributions aren’t deductible like with traditional IRAs, so Roth contributions don’t lower your tax bill immediately. However, the tax-free nature of any earnings, no required minimum distributions (RMD’S) and ability to withdraw your contributions at any time, tax and penalty free, make them an excellent planning and savings […]

Sticker Shock: The Cost of College (and Who Pays For This?)

Not only is it seemingly more and more competitive for the latest crop of high school grads to be accepted into their top choice colleges, but the price tag of higher education is enough to send parents into a panic… even those families who wisely began college savings when the teenagers were just a twinkle […]