How Today’s Women are Taking Charge of their Financial Well-Being The concept of women and money has undergone significant transformations over the years. Many female baby boomers, who often filled traditional roles in child-rearing and household management, found themselves financially dependent on their spouses. Comfortable taking a backseat in managing the family’s financial affairs, many…
Details
We are in the midst of graduation season. While I do not have a graduate this year, I have been reading and listening to commencement addresses; renowned speakers offering insight to students as they get ready to embark on the next phase of their journey, be it college, graduate school or entering the workforce. I cannot help…
Details
On August 31, 2021, the Social Security Board of Trustees released its annual report, which included the latest projection for the Old-Age and Survivors Insurance (OASI) Trust Fund. According to the report, if Congress does not act, the fund is projected to become depleted by 2033, a year sooner than the estimate provided in 2020.…
Details
As we approach the end of the year, it is prudent to review your situation and make sure that you have taken advantage of all that you can from a financial planning standpoint before December 31st, as well as be sure you are positioned well for the year ahead. With that in mind, here are…
Details
As explained in our article on “How to Evaluate a Mortgage Refinance”, the decision to refinance comes down to evaluating the benefit of the interest savings against the costs of the refi. A traditional approach to evaluating this tradeoff is to calculate a payback period, which is defined as the number of months it takes…
Details
With interest rates at historic lows, many homeowners are considering refinancing their current mortgage. But making the decision to refinance or not can be tricky given the costs involved. Here are some factors to consider when considering a mortgage refinancing (“refi”). Is It Worth It? The decision to refinance comes down to evaluating the benefit…
Details
An integral component of a financial plan is making sure that you have adequate cash reserves set aside. But exactly how much is enough? Cash in the bank has several purposes: (1) to fund living expenses; (2) to fund short-term planned expenses (upcoming trips, home improvements, new car, etc.); and (3) to fund unanticipated expenses.…
Details
As a financial planner, I am always intrigued by the behaviors regarding money that I routinely witness during this time of the year. As soon as the Thanksgiving dinner is cleared from the table (sometimes even before), conversations center around the holidays – the perfect gift for your spouse, tokens to remember colleagues and teachers, the…
Details
As a financial planner, one of the topics that I always bring up with my clients, although most of them don’t like to discuss it, is estate planning. Estate planning is relevant for everyone, no matter how much money you have or how old you are. Typically, people think of Wills when it comes to…
Details
When helping people plan for their financial future, the overriding principle that governs the advice we give is to “control what we can.”, and one of the things we have the most control over is how much we spend and how much we save. For those that are preparing for retirement, so much focus is…
Details