Welcome to Part 2 of my interview with Dr. Alec Baker of Peak Living Psychology. Today we tackle one of my favorite topics of mind and money – the act of consistently outspending income. Let’s begin KS: When people spend outside of their means, what is at the root of that? AB: …
April 15th is just around the corner and one of the questions your CPA may pose to you is, “Will you make an IRA contribution for 2017 before the deadline?” And you are thinking, “Should I or not?” Individual Retirement Accounts (IRAs) come in a couple of flavors: Traditional or Roth. Traditional IRA A…
There was reader question to a column called The Sweet Spot in the New York Times recently. A mother was wondering if it is mean to ask her mid-twenties children to move out of the family home and start paying their own bills. The columnists reacted predictably by telling the parents that by enabling…
Welcome to a new recurring feature of my blog called WTF – What the Finance? Here I will attempt to make understandable the maze of financial jargon we planners love to speak and this week I’m focusing on Bitcoin. What’s this Bitcoin thing? So, what’s all the fuss about trading Bitcoin? Should you be in? …
So many money decisions are not about what we think, but how we feel. To that end, I’ve enlisted the help of a guest blogger to address some questions around emotions and finances. Today I present the first of 3 questions I posed to Dr. Alec Baker. Dr. Alec Baker owns and operates…
A misunderstanding is that bond investments are not supposed to ever lose money. In fact, bond funds go up and down like stocks, just not with such extreme highs and lows. A quick primer on bonds Bonds are a way for a company or government to get a loan from the public. Loans are…
A movie that came out recently that I really wanted to see was All the Money in the World about the kidnapping of John Paul Getty III. I probably won’t see it until it’s out on Netflix because all my movie theater experiences are driven by teenage boys (Star Wars, anything Marvel related). Spoiler…
Sure, your sweetie wants to be surprised by a romantic gesture on Valentine’s Day. You know what’s even more romantic? A partner who is financially stable and saving steadily for the future. So, how can you be both the dreamy AND smart partner? Read on for a few inexpensive ideas that will have his/her all…
Welcome back guest blogger Tam John, Certified Nutritionist! In honor of Valentine’s Day, I asked her to tell us the scientific benefits of dark chocolate. From Tam John: Imagine indulging in amazing food while keeping your wellness factors of looking great and feeling great. This is the basis of Personalized Nutrition.Here are my top 5…
A conversation that has come up repeatedly for me lately is the number of elderly people being scammed over the phone for money. Phone scams are nothing new, but just a reminder to keep an eye on your older friends and relatives who may fall victim to this popular mode of theft. Here’s what…
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