In a previous blog I mentioned attending the Investment News Women’s Advisor Summit. Here is another tidbit I learned. You can add a Designated Trusted Contact to your accounts and with your investment advisor. This isn’t the same level of legal ability or rigmarole as a Power of Attorney. No, it’s just a person…
In last week’s blog, I referenced a study that says more money = more retirement happiness up to $4,000,000. That seems like a huge goal, and truly, it’s not for everyone, but I thought I’d use that statistic to run some numbers. First, what does $4,000,000 mean in terms of retirement income? See the…
2021 Personal Finance Trends in Review Quickly, here are the hot topics of 2021 that are embraceable or dumpable. Feel free to disagree. Just not to my face. Love it: Required Minimum Distribution age moved to 72 permanently. Would love it even more – get rid of RMDs entirely. High personal savings rate…
I like to throw you a depressing blog about the stock market occasionally to remind you that dropping stock markets are normal, not to panic and sell, blah, blah, blah. Just when I was struggling to make this information fresh, I happened to listen to a podcast in the Choiceology series by Dr. Katy…
With supply shortages in all areas of the economy, one of the biggest attention grabbers is the lack of car inventory. Today, I’m happy to interview Patsy Butterfield of H.M. Brown and Associates to get her perspective on buying a vehicle. Kristi: We are hearing horror stories about supply chain issues as it relates…
Some people think New Year’s Resolutions are lame. Others find them terrifying. I, being an Upholder (from The Four Tendencies – read it already!) cannot help but make resolutions when society tells me I’m supposed to. If you are in the camp of looking for ways to start the new year with some fresh good…
If one of your 2022 resolutions (more on those next week) is to focus on your physical health, your financially healthy choices may help. Health Savings Accounts (available to those participating in an H.S.A Qualified High Deductible health insurance plan) can be used today, in 5 months, or during retirement to pay for medical expenses.…
For some reason, people tend to wait until just before year-end to do their big charitable gifts. I’m no different, but I wish I were. I guess it goes along with tax planning and maybe not knowing your financial situation as well in July. Anyway, if you are about to do some gifting to…
Just in time for holiday shopping, I want to discuss a new term I’ve learned: Exceptional Accounting. Thanks to an interesting podcast by Dr. Katy Milkman titled Expect the Unexpected, I now have a name for when people tell me they only spend $5,000/month except in months where they have to buy their ski pass…
You might think that after 26 years in financial services I would know everything there is to know about personal finance. Just kidding, of course you don’t think that and neither do I. That’s why I try to attend the Colorado Financial Planning Association’s Symposium every year. Yes, a day of thrilling classes about…
