Correctly managing inherited wealth requires careful planning and a healthy dose of self-awareness. Working with a financial planner can help you make high-value choices.
In reflecting on my New Year’s Resolution, there were repeated themes this year that I hope to incorporate into my life to maximize my Sandwich Generation efforts vs feeling encumbered with an unattainable goal. I’m sharing my conclusions with the hope that you start 2024 with an energized mindset.
Last year the Northeast experienced a drought. This year my town had multiple floods wreaking havoc on both residents and businesses. While most people are trying to offload their bank required flood insurance to save on cost, you may be wanting to sign up ASAP in light of recent events. But is the premium worth it? More importantly, are you eligible to get it based on your zoning? Read more from BankRate.com.
One of the most frequently asked questions I’m receiving these days is related to paying off debt and financing options. Gone are the days of a 2.5 – 3.5% mortgage. Whether it be for a home purchase, improvement, car, or business venture, here are some options to consider if you’re looking for financing.
8 steps to help with financial planning as you consider an LGBTQ-motivated relocation. Plus info from ACLU and Wallet Hub on related state-by-state law proposals and tax burdens.
While the process of downsizing can be emotionally and physically challenging, it can also be liberating and rewarding. To help you navigate this transition, we’ve compiled a comprehensive checklist for downsizing your home.
What any bank depositor should know about Silicon Valley Bank and their own FDIC coverage.
There are SO many articles about layoffs and jobs being left unfilled. It makes you think about your own preparedness in the event of job loss. Here’s my game plan for helping you go from layoff to takeoff.
About half of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $25.9 billion!
SECURE 2.0 is primarily meant to strengthen Americans’ ability to retire by enhancing savings options. For workers, this means automatic enrollment in retirement plans, enhanced matching, and flexibility to use savings for emergencies.
It’s time to make sure you’re financially accounted for before the new year rolls around. It may be maxing out HSA and retirement plans, settling debt, or holding realistic assumptions about your spending habits. Here is a full list to consider tackling.
There have been so many recent announcements related to 2023 adjustments, let’s just tackle them all together!
Do Roth IRAs make sense from a tax perspective? The first question may not be whether it’s “right” for you, but whether you’re eligible to even open one at all. That’s where Roth Conversions come into play.
Solar panels, corporate taxes, and Medicare prescription drugs – oh my! Read the highlights of Biden’s latest bill.
With the cost of gas and electricity skyrocketing in the past year, many households are looking to clean energy alternatives.
The housing market has been frustrating for buyers, but there are signs that those frustrations might be easing.
Wondering how to prepare for travel apart from packing a bag? Here is the shortlist of what I did to ensure myself, family, and clients would be taken care of in case of an emergency.
Despite it being no secret that money can cause a breakup, being on the same page about finances is not usually considered at the start of a relationship.
Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a month-by-month to-do list to cultivate better financial health.
With the CARES Act expiring in January 2022, many will be asked to resume student loan payments – but can they afford to pay?
Will cash app and marketplace transactions be reported to the IRS? For many more than ever before – yes!
Have you seen a Roth option available in your 401(k)? Read on to help determine if it’s the right option for you.
Will cash deposits above $600 soon be reported to the IRS? Technically no, but for some effectively yes.
Given the average cost of a COVID-19 hospitalization in 2020 ran about $42,200 per patient, will the unvaccinated be asked to bear more of the cost of treatment, in terms of insurance, as well?
Charitable donations create charitable deductions which dollar-for-dollar reduce your taxable income. Special legislation in 2020 and 2021 benefits even those taking a Standard Deduction.
It’s officially Spring, and your closet may not be the only thing that needs a good clean-out. What about your financial habits? Watch my video on how to fix up your finances.
President Biden’s $1.9 trillion stimulus package cleared its final hurdle in Congress on Wednesday despite no Republicans voting in favor of it. The plan contains a range of measures such as a further direct round of payments to most Americans, amounting to more than $400 billion.
We can get tunnel vision when it comes to following “Rules of Thumb.” I dare you to push back when it comes to maxing out 529 Plans and 401(k)s.
The 2020 performance for the major U.S. indices was nothing short of impressive, especially given the headwinds of COVID-19 and the drama surrounding the presidential election.
News Years Resolutions – In bite size pieces Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what
Commonplace strategies for helping an aging parent can blow up in your face if you have a college-bound child. Read how.
Read about how tax planning opportunities could change in the coming years due to the upcoming election.
Everyone is asking – how will my goals be impacted by the upcoming election? When it comes to the stock market, elections matter less than
Your checking account is at an all time high and you’re eager to do something more with your money. Anything has to be better than
Apart from stimulus checks, small business loans, and expanded unemployment, there are a few “hidden gems” sprinkled throughout the CARES Act that are worth noting.
What’s happening? The last couple weeks have certainly been rough on everyone. Stock markets across the world have been on a downward spiral with bouts
If you are in a cash crunch, you might consider taking out a 401(k) loan. But before you do, you should know the rules and
A fellow blogger liked my approach to personal finance by making S.M.A.R.T goals. Read how she implemented this into her life and own blog! https://doingthingsdifferent.net/saving-money-think-s-m-a-r-t/
My husband and I have had the fortune (or maybe misfortune?) of being involved in a number of personal real estate transactions. From inherited, residential,
It’s important to understand the fine print of your home equity line of credit (HELOC). Make sure not to get swept up in your plans
While success can be defined in a multitude of ways, most boil down to one simple desire – financial freedom. So what happens when a
This year I had many families and small business owners asking for CPA recommendations. Surprisingly, the recent tax code changes that were meant to simplify
Negotiating is a critical life skill to master, but yet it’s largely untaught in a traditional school setting. We encounter negotiating everyday. Whether closing a
Maybe you have an idea of when you’d like to buy your first home or retire from the workforce. But just how realistic are your
Does working alongside your contractor help or hurt? Renovations are something most home owners endure either by choice or necessity. Due to lack of skill and/or
Because of the generous capital gains exclusion on selling a primary residence, you may find that you do not owe Federal taxes when it comes
As my husband rolled coins the other day he started muttering about the value of wheat pennies and who’s actually buying these as collectibles. I start
Powwow, LLC was interviewed by Mental Floss to discuss common client mis-steps. The article positioned my response as being “annoyed” by my clients’ indiscretions. This
During the recent holiday season I was peppered with advertising promoting the idea of gifting DNA and ancestry kits. I’ll admit it, I’m terrible at
Inspired by a question in the North Andover Mom’s Facebook Group! As a business grows from a hobby or planned venture, it’s important to put
A credit check for credit cards… When you apply for a credit card you are required to fill out a credit history. The analysis of
How do you define success? Nerd Wallet published an article on the importance and strategy behind goal planning. For the most part, this is the
The DOL fiduciary ruling set to launch in April requiring that advisors act in a consumer’s best interest has been tentatively delayed until June 9,
Is it worth considering? Age 50-60 has traditionally been the sweet spot for reviewing long-term care insurance options. New research is even indicating that the
When opportunity knocks, do you answer the door, or complain about the noise? Take some time this week to consider ALL your options, not just
“Growing businesses are highly motivated to attract and retain newer team members who are driving the day-to-day business. While these employees may not have accumulated significant wealth, they still
A candle loses nothing by lighting another candle. Over the weekend I came across this quote by James Keller and absolutely loved it. What a
Ahhh, the end of summer. So many clients with stories about their fabulous vacation, and they’re having a hard time accepting it’s over. They come
Congratulations!! Now let’s get down to business. There is often so much excitement, joy, and preparation for the baby’s first week home that we can
Robo or Real? Robo-advisor is a term I come across multiple times a day and there are no shortage of opinion on whether they’re an
A fi-doo-shee-er-ee, or fiduciary in common English, is one of the most important considerations in choosing a financial planner. Don’t believe me? You should, because even entertainment media is
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