Financial Windfalls: How to Manage Sudden Wealth

An inheritance, a lottery win, a surprise payout — lucky you, a financial windfall! And yet, a quick Google search for “statistics on how people handle sudden wealth” tells a more complicated story. Results include: 1 in 3 Americans who get an inheritance blow it 70% of rich families lose their inheritance by the second […]

Budgeting for Happiness

One of our life’s many challenges is figuring what brings us joy, and how to reserve our resources for things that matter. Money and time are finite, so it seems obvious that we would want to spend them well. It isn’t always easy to know how to do this as our busy lives get in […]

Tax Tips for 2017: How to Make Tax Season Easier for Yourself Next Year

If you are like many of us, you are breathing a huge sigh of relief  that the last pesky K-1 came in and you have sent all the tax documents to your accountant. Or, if you “do-it-yourself,” you have wrangled with your tax software to the point where you have no error alerts. Yay! No […]

Women and Financial Education: Start Learning Now!

Women have something in common when it comes to their money: At some point in their lives, they will need to manage it on their own. Unfortunately many are ill-prepared to do so because they haven’t taken the time to learn about personal finances. Whether a woman is single, married, with a life-partner, divorced or widowed […]

Smart and Savvy Roth IRA Strategies Updated for 2017

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 […]

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 […]