Ending a marriage? Don’t get divorced from financial reality in the process Andrew Osterland covers the following points: Sound financial planning may be the last thing on your mind when divorcing but it may never be more valuable. “People make mistakes in the divorce process that leave them vulnerable,” said certified divorce financial advisor Stacy…
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A condensed crash course in estate planning with implications for inherited IRAs
Wow, that’s a long title for a blog post but the link below to Inheritance and IRAs is a good refresher/reminder on tasks to complete…soon, maybe before the fast approaching end of the year. The importance of having a will The tax implications of inheritance for spouses and other beneficiaries The different scenarios that can…
On Medicare and need therapy? Good luck (sigh)
“Therapy on Medicare isn’t easy to find” is the title of Andrea Petersen’s article (11/17/21) in The Wall Street Journal. Briefly… many patients age 65 and older are out of luck when needing therapy due to the very few practitioners who accept Medicare reimbursement. “The reasons therapists decide not to participate in Medicare are similar…
Inflation adjusted US government bonds paying 7.12%
With interest rates on savings ate rock bottom low, check out U.S. Government I-bonds. NEWS: The initial interest rate on new Series I savings bonds is the second-highest ever: 7.12 percent. You can buy I bonds at that rate through April 2022. Details at: https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm Be sure you understand how I-bonds work. You can’t access…
Law School or MBA? Consider the debt implications
“Most M.B.A. programs leave federal student-loan borrowers with manageable debt loads, a WSJ analysis found. At about 98% of universities that offer the masters of business administration programs, graduates typically made more money two years out of school than they had borrowed, according to the Journal’s analysis of federal student-loan data for nearly 600 programs…
Thinking of upgrading to a new phone?
“Buying a $1,000 iPhone can be equivalent to giving up $17,000 in retirement savings or 2,500 cups of coffee” according to Brian X. Chen, writing for The New York Times. Although buying a new iPhone of other top of the line phone might just cost the equivalent of buying a coffee a day for a…
How to deal with data breaches
A great resource is the Identify Theft Resource Center: https://notified.idtheftcenter.org Change your passwords as soon as you expect a data breach. Use a password manager that generates secure passwords. Source: Financial Planning for Women
Financial Literacy and Career Resources for College Students and Grads
Have questions about borrowing, student loans, car loans, savings, setting goals? Need help with your resume and job search? https://www.igrad.com has videos, info, worksheets and more on its comprehensive website. With additional topics like long term care insurance, the site isn’t just for young folks. Source: Financial Planning for Women
Launching Well: Coaching Young Professionals to Build their Financial Capability November 10, 2021 Webinar
The CFPB and the SEC invites all undergraduate and graduate students to a webinar, on Wednesday Nov 10h from 2:00-3:00PM EDT to provide insight and resources for post-college financial well-being. Establishing a strong baseline of financial capability is essential for building long term wealth. The program will start by defining common financial and investing terms…
Wealthiest Families & the stock market
The top 5% of US households own 71% of US equities, while the top 20% of US households own 93% of US equities (source: Survey of Consumer Finances, Federal Reserve Board). Source: Financial Planning for Women