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Wealth Management 101 

Latest From My Personal Finance Blog

Building Wealth With an HSA

Open enrollment season for employer benefits is upon us, and once again we are all being asked to make a big batch of decisions that will impact our welfare in the coming year (and our long-term prospects as well). As you gaze into your crystal ball and try to predict your needs over the next 12 months, allow me to put a bug in your ear about a little-known but highly valuable wealth-building tool that you may want to include in your upcoming benefit elections.

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Understanding Credit: Your Score vs. Your Report

Credit: Most of us will need it at some point, but few of us really understand how it works. In fact, we may get our initial rude awaking when trying to make our first-ever big, meaningful purchase. If you have large financial goals like buying a home, buying a car, or financing a business startup, credit may play a key role in realizing those goals. Now is the time to educate yourself so you can be ready when the time comes.

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Pre-Nup, Post-Nup: Which is Right for Me?

First marriages are happening later and later in life and second marriages are common as well. This means that more and more people are marrying at a time in their lives when they have meaningful assets like homes, retirement accounts, or businesses that they built up before the date of marriage. And while most enter marriage believing that it will last forever, we know that won’t be the reality for nearly half of all couples. If you failed to plan, you may find yourself waving goodbye to half of the assets that you worked so hard to build during your single days. So, how do you protect yourself and make any future divorce proceedings as painless as possible? A set of Nuptial Agreements is a good place to start.

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How Should I Pay Down My Debt?

Debt — most of us have it. While debt can be an excellent tool to achieve major milestones like a college education or a home purchase, it can also be corrosive to your financial health and stability. And very few “regular folks” have ever been educated on how to deal with debt optimally. In my ongoing quest to bring good financial advice directly to you, this month I’m taking on debt.

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Saving for College: What Are My Options?

May is sometimes celebrated as 529 month (because May 29 is 5/29…clever, no?). In the spirit of this celebration, I’m going to dedicate this month’s Wealth Management 101 to college savings. In my practice, college savings is a very common goal for parents and grandparents. With college costs continuing to rise faster than inflation, and the value of a post-secondary education undisputed, saving for higher education is key to your child’s future. This month I’ll walk you through the various vehicles available and the pros and cons of each.

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Making a Will: What’s the Big Deal?

When I sit down with a client to review their overall financial health, I almost always ask if they have a will in place. My Type A’s typically do, but the majority of others don’t. Overwhelmingly, the reasons clients give for not having a will are: 1. It’s not that important 2. I don’t want to think about dying There’s not much I can do about the second reason, but maybe I can help with number one.

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