"An investment in knowledge always pays the best interest."
                                                   - Benjamin Franklin, 1706-1790

My Blog

Market Crash

We all hear the term widely used, sometimes on commercials and other times by experts on TV or written publications. Well, if they are in the business of a TV ad or trying to get you to watch their show or read their article, "Market crash" is a nicely effective trigger word to grab your attention. But if we really stop a moment and think about it, how often do they give advice that makes a material difference in your own economic situation?
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Helping Yourself Achieve

This year's shelter-in-place sudden jolt to our routines gave us time to realize what expenses in our life were discretionary and non-discretionary or another way put: essential or non-essential. Money spent on life enhancements like nails and sporting events took a necessary pause and if we took good advantage of the reflection time, we should have increased savings for emergency funds and future goals. But did you? Take an honest assessment.
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Good Trouble

Our country is being tested in many ways and the stakes are high on how we prevail. This reminds me of the time when the behemoth of a company, IBM, was going to go the way of the dinosaur. Before it hit its death throes, it hired a consulting company to come in and give it a real assessment of what it could do to turn its grim fate around.
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Coming out of the pandemic – Skate to where the puck is going

Wayne Gretzky's famous quote of "I skate to where the puck is going" can re-orientate those of us choosing to put our energy into how do we need to adapt our way of doing business and living our lives to survive and thrive now that the coronavirus has entered our society. Are you putting your energy into what was or what you need to succeed in the world that is developing before us?
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Dignity & Employment

As our nation crosses the line of 30 million unemployed in efforts to slow the infection rate of COVID-19, we must begin not only planning how we prudently re-open our economy for production again, we must also compassionately think of how we can build on-ramps for the disenfranchised. Not everyone is going to be able to return straight back to their former employment. If a restaurant can only re-open at half of its former capacity, will it truly need its entire former staffing level?
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Maintaining Balance and Perspective

It is important to separate sources of qualified information versus strongly stated opinion because a mind operating under fear or hysteria is challenged to make good decisions. A number of scammers and fear-mongers are taking advantage of people so it is is prudent to try to maintain calm and re-calibrate with the changing conditions.
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Warren Buffett's Lesson for Financial Literacy Month

Warren Buffett, considered by those-who-know to be one of the most successful long-term investor in the stock market, at the age of 88 and still Chairman and CEO of his company Berkshire Hathaway, just celebrated a $22 Billion profit. Just to put into perspective how highly valued his company is, one Class A share of Berkshire Hathaway was $327,765.63 at close of market on Friday, May 3, 2019. What lessons can we learn from him during Financial Literacy month?
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Was Lyft's take-off sabotaged?

As a mother of three and Financial Advisor who wants to add to the ranks of the young and financially astute, I have to look for creative ways to engage conversation about finance. Lyft's recent IPO (Initial Public Offering - answer to my recent quiz) gave me a topic with a name they know. I gave them something to ponder and was surprised by their answers. Read on and see what you would think.
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Checks and Balances

The Dow Jones rose almost 550 points the day after the mid-terms. I would say the market likes a system with checks and balances, not a one-party rule. This is the market’s version of a sigh of relief. What is the status of your finances' checks and balances?
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Time to Pivot

Remember when your parents thought you were ready for your training wheels to come off? That was a vote of confidence in that ‘you got this’! We're just entering the final quarter of the year and it's going to be more important than ever to lend your ear to the good news because bad news sells more.
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Keeping your eye on the prize

What is your short term and long term plan? How are you making use of your talents and the fruits of your labor? Reactionary fears to current life events can distract us from our long term vision for ourselves and block crafting a legacy we want to leave behind.
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529 Plans - Mythbusters!

529 College Savings Plans What if my kid doesn't want to go to college? Or, won't that money count against us and my kid won't get financial aid for going to school? What if they get a scholarship, won't it be wasted? What I've found is that often procrastination can be a sweetly deceptive game we can play with ourselves on why we may want to put off saving. I have some great ideas on how to even get loved ones to chip in.
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Are You Ready Player One?

We just made it through our annual tax return season. What did you learn from it? What can you do to be more proactive and in even better shape next year? The new tax code is here and goes into effect for our next year's tax filing. Please watch my video where I share my thoughts on this and let's get planning! PS: Since the recording of this video, the IRS has announced the increase of the Family Contribution limit for Health Savings Accounts to $6,900.
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Are You Ready for the Social Security Income Stretch?

In order to be able to resist turning on Social Security Income until it has achieved its maximum value for you at age 70, you have to have primed yourself financially for the Social Security Income stretch. Implementing wealth management strategies now will leave in good position to turn on your benefit when it is most advantageous to your situation, not out of financial duress. The popular route is not always the best choice or in your best interest as this story will tell.
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Tax Savings Savvy - Financial Confidence

Tax time is the big reveal on who has been growing their skills to accumulate wealth with a tax sensitive strategy and who has not. April 15th is when many will try to max out their IRA contribution limit for that just-in-time tax deduction. That’s a first step strategy that many learn, like learning how to swim. However, many stop right there when they can be growing through stretch goals which take them beyond what they have already learned.
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