Remember that icebreaker game, Three Truths and a Lie? You give 4 facts about yourself and the group guesses which one is the lie? I am a horrible liar (good news for those of you who are my clients!) and my life is so boring it’s a tough game for me to play. Today,…
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…
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…
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…
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…
Nine-to-Five jobs with desks and paid vacation and retirement benefits are not going away, contrary to what you read. However, more and more people are choosing to freelance or work several jobs instead of a more traditional career path. If this describes you, read on for two tips on securing your finances in the gig…
Last week, I wrote about losing a partner to death. This week’s blog offers two ideas for when you are losing a partner to the other Big D: DIVORCE. So you are feeling sad, angry, lonely, and unmotivated. Too bad, baby! There is paperwork to be done. And the sooner you do it, the…
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