Your Savings Assessment Test [Where do you Score?]
Many of us like to get a sense for our place in the world. This sense comes in different forms: spiritual, emotional, financial, and more. When it comes to finances, it’s helpful for everyone to grasp how well we are all saving for the future. The sooner all of us can wrap our heads around where we “stack up,” the sooner situations can improve. To help, I’ve created my own “savings assessment test.” It uses a scoring scale from 1-10 (one being the lowest and ten the highest) to determine retirement savings health.
READ MORE...Tips for How to Make Financial Planning a Cinch
I work with clients to develop a very sophisticated and multifaceted plan to organize their finances. Oftentimes after that meeting (or meetings, to be fair), they leave with a series of detailed steps geared towards putting them on the “right path” to success. I recognize; however, many people work best if given just one singular goal — one objective prioritized ahead of the million other smaller things.
READ MORE...Help! My Spouse Handles ALL the Finances.
I find many couples generally divide and conquer the family duties -- one handles the laundry, the other does the cooking; one does the cleaning, the other plans the vacations; one handles all the finances and the other deals with charitable endeavors. This strategy is fine “most” of the time. However, the problem here is when the time comes to pass the finances baton.
READ MORE...9 Tips to Financial Planning While in College
The beginning of a new college semester always makes me nostalgic. I remember my four amazing years at the University of Delaware. As a young, innocent finance major, I recall that amazing feeling each time when I went back to school. (I even remember the tears driving home after graduation.) They were great and hopeful times for me, even with so much uncertainty looking forward.
READ MORE...R.E.S.P.E.C.T the Estate Planning Process
By now, many of you have heard that the late, great queen of soul, Aretha Franklin, joined the list of wealthy celebrities (like Prince) who’ve passed away without a will. Not only did they not have a will, but they also had no estate planning documents whatsoever (no trusts, powers of attorney, etc.).
READ MORE...How to Achieve The Perfect Retirement
In the business of financial planning, I see clients (and friends) live happy, successful retirements. Others, sadly do not fulfill their retirement destiny. That’s why I decided to write a blog about the secret elixir. It's something I generated through the perspective of clients who I feel have the “perfect” retirement lifestyle.
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Life Advice From My 90 Year Old Zayda
Perhaps because I am in the advice business (knowing my clients value my experience and perspective as it pertains to their finances), I like hearing other’s advice. Especially advice from someone like my Zayda, who has a lifetime of experience living.
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Budgeting: Want To! Need To! Have To!
Budgeting... It's something which takes many shapes when part of financial planning. If you are like me, just the mention of the word “budgeting” is draining. That said, I personally have a very simple budgeting mentality — save what I know is necessary to accomplish my goals. Anything else is gravy.
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