Part 2 Preparing for College Funding In my last post, I started to explain the different ways that parents (or whomever) can prepare for college funding. This post covers 4 additional ways. Again, here is a handy dandy chart: Like Traditional IRAs, contribution limits apply to Roth IRAs. In addition, with a Roth IRA, your …
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Part 1 May is “529” month (get it- 5/29? It’s a complete dad joke). I will be talking about college funding. Do you have a child or grandchild that will someday attend college? Great, now go back in time and start saving a lot of money about 5 years before they were born, and maybe …
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It is tax time, should we take a standard deduction or itemize? Normally, we would have our taxes filed by now, but this year we have an extension. But I am not thinking about taxes, I am thinking about summer, which I am going to tie into taxes on today’s blog. We typically rent a …
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I recently heard a great analogy that aligns well with the topic of DIY investing—consider the process of changing your car’s oil. While you could learn to do it yourself and save some money, it can be messy and mistakes can happen, as my husband discovered years ago when oil dripped on his face while …
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Last year, Charles Schwab announced that they were reducing trading fees to zero, and Ameritrade, E*TRADE and Fidelity shortly followed. Hooray, free trades! But hold on are there hidden costs in no cost trading? For consumers of these companies, however, there really is no free lunch. It is important to look to see what you …
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There are a lot of F words, especially in the world of finance. Fiduciary, Finance, Financial Advisor, etc. But none of those are my favorite F word. My favorite is “Female Financial Planner”. Ha, you thought I was going to pick a different F word, didn’t you? I also like “french fries.” It can be …
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Sometimes you hear the phrase, “put your money where your mouth is,” meaning, use your dollars towards things you really are passionate about. If this matters to you, then you might be interested in ESG or SRI investing. ESG stands for Environment, Social, and Governance. SRI stands for Sustainable, Responsible, and Impact. These terms usually …
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March is National Women’s History Month. So, in honor of that, I’d love to tell you about some female financial pioneers… In addition to mentioning that we have several female financial advisors on our team! The wife of President John Adams, Abigail Adams, is credited with being the first female investor. Abigail managed her household’s …
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Ok, so, in case you have not heard, there was this really weird thing going on with GameStop stock. GameStop, in my opinion, is going the way of Blockbuster. They have brick and mortar stores, and sell physical discs for video games, which, hello, the industry is heading towards everything online, especially with downloads of …
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In honor of Financial Literacy month, I’m sharing important information related to credit scores. Do you know what your credit score is? And what it means? First, shout out to my dad who is turning 69 today. Happy birthday, dad! Here is the range for Credit Scores: *Source: https://www.experian.com You can check your score for …
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