Attention retirement savers! For the second year in a row, the employee contribution limit to 401(k)s, 403(b)s, and 457 plans has been raised. In 2020 you will be able to put $19,500 into your retirement plan. The amount the employer matches does not count toward this maximum. The $19,500 is all you, baby! For…
Just a quick reminder for those of you aged 70 ½ and over who are also charitably inclined: There is no better way to gift from a tax standpoint than directly out of your Traditional IRA. Why? Money that comes straight from your IRA to a 501©(3) charity never hits your income for taxes. This…
An important part of financial planning is anticipating how you will adapt to the impact of aging or disability. In 2008 the CDC estimated that 13.7% of all adults live with a mobility disability, defined as a serious difficulty walking or climbing stairs. Retrofitting one’s home with adaptive equipment or features can be expensive.…
Yep, it’s the time of year where we spend time, money, and energy to express love to those around us. Is it because Jesus says we need to do this or just the need to make ourselves nuts? Yours to say. As ever, I hope this blog offers helpful ideas. Here is a handy…
The gender pay gap. Ugh, will we never stop talking about it? Hopefully the answer is NO until the gap no longer exists. In 2019, women made $.79 for every $1.00 made by a man (a 21% gap). Oh, and women of color, you are even worse off at 26% less earnings on average…
This is the last in my blog series spotlighting stuff I learned at the Investment News Women’s Advisor Summit. That’s right, I bullet point the interesting stuff so you don’t have to attend all-day conferences. You are welcome. Our first speaker of the day was Dr. Julie Gorte, Senior VP for Impact Investing at…
We are continuing on this month’s theme on stuff I learned at the Investment News Women’s Advisor Summit. Maybe these sound like, “well, duh!” to you. Or you may be thinking that as a personal finance professional I should know all this stuff anyway. The fact is, I don’t know everything, and I learn new…
Continuing from last week, here is another thing I learned at the Investment News Women’s Advisor Summit: The Gini Index of Inequality. Think all this talk about income inequality is new? Not so! Corrado Gini created a measure of income inequality way back in 1912. The Gini Index measures the distribution of income across…
Recently I attended the Investment News Women’s Advisory Summit. It was a great chance to see old friends, meet new ones, and learn about what’s happening in my business. You’ve all been to work conferences where there are presentations that you’ve heard before and those that don’t apply too much to your…
Congratulations! You’ve landed your first grown-up J-O-B. I’m sure your parents are thrilled. Now what? There is a bewildering array of benefits to understand and lots of advice flying your way. Here is a little quick advice that may help streamline your decision making. Start saving! First priority is a savings account for…
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