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How To Navigate Grief And Your Finances After The Death Of A Spouse
I recently caught up with a widow who had this bright and hopeful presence. She felt confident in her life and finances and was about to embark on the trip of a lifetime. I’d first met her immediately following the shocking death of her spouse years prior. It was a long and hard road to get to where she is today.
When I speak with people who have recently lost a spouse, they are often overwhelmed by all the financial and administrative tasks they need to handle while navigating their grief. This is how to get your finances in order while working through grief after losing a spouse.
3 Factors To Consider If You Want To Marry For Money
You may have seen the viral trend that has singles “looking for a man in finance with a trust fund.” This is an exploration of marrying for money, and its impact on happiness, legal and tax ramifications, and emotional considerations.
Why You Shouldn’t Try To Time The Market, Even During An Election Year
Every year, no matter what the market does, people ask me, “Is this a good time to invest? Should I be going more conservative because of X, Y, or Z factor?” That’s particularly true this year, with a presidential election on the horizon.
Every year, the answer is the same. Successfully leaving and reentering the market at the right times is nearly impossible, and usually ends up with investors leaving significant money on the table. This is a discussion of market timing and how you should invest your portfolio, even in times of turbulence.
How To Protect Yourself From Financial Devastation If You Get Sued
If you own a business, car, or home, you could be exposed to unforeseen liabilities. Your best-laid financial plans could be dismantled quickly by something as unexpected as a stranger getting injured on your property. This is how you can better protect yourself from financial devastation resulting from lawsuits. As always, you should consult with your own legal advisor regarding your particular circumstance.
How High Earners Can Save Money After Maxing Employer Retirement Plans
Contribution limits on 401(k) and other retirement plans can be frustrating for people earning more than $250,000 per year who want to utilize tax-advantaged investments for their long-term financial goals.
As an employee at a company, you don’t have as much control over retirement vehicles as a business owner does. Your plan may limit you to $23,000 per year if you’re younger than age 50 in 2024. Here is where you can save money once you’ve maxed out your employer-sponsored retirement plan, along with some of the tax implications of each option.
MY BOOK
I seek to make personal financial planning less scary.
This book provides a simple guide for working through life's biggest financial questions facing couples in their 20s, 30s, and early 40s today. It starts with goals-based planning around topics including retirement planning, education planning, and major purchase planning. It then walks through some basics of investment management, options for how to invest, behavioral finance, and pitfalls to avoid. Lastly, it discusses risk management and insurance.
If you are not sure where to start, this book may provide some clarity.