Author Archives: Erik Carter

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About Erik Carter

JD, CFP®

Erik Carter is a Senior Resident Financial Planner at Financial Finesse and leads our social media team. He also contributes to our curriculum and is a member of our Think Tank, specializing in research and content regarding generational issues.

Erik’s experience in financial planning and wealth management ranges from running a branch office for one of the largest brokerage firms in the country, to advising members of Congress as a financial adviser on Capitol Hill, to serving as a vice president in the private client division of a major brokerage firm in Manhattan. He earned a B.A. in Economics with honors from NYU and a law degree on a full academic scholarship from the University of San Diego, where he focused on tax and estate planning.

Favorite Financial Blog: EarlyRetirementExtreme.com

Fun Fact: He hasn’t owned a TV for almost ten years (and never missed it).

Favorite Quote: "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." – Warren Buffett

Twitter: @erikgcarter

5 Reasons Not to Put Off Your Taxes

By now, you should have received the documents you need to file your taxes. I know it’s easy to procrastinate though. After all, I’ve had my share of late night runs to the post office on April 15th. (You actually have until April 18th to file your taxes this year because the IRS will be shut down on April 15th for “Emancipation Day.”) But there are some very good reasons not to put off filing your taxes: Read more

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Overwhelmed by bills

Fix These Expenses Before They’re Fixed For You

Last week, I wrote about the importance of reducing so-called “fixed” expenses and not just discretionary ones like that morning coffee at Starbucks.The important thing is to reduce them before they become fixed. Here are some of the key decision points in which you can make that happen: Read more

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Why Saving Money is As Hard For You As It is For the Government

Did you have a New Year’s Resolution to save more money this year? How’s that going? If you’re struggling, you’re certainly not alone.  Read more

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How Would You Take the Powerball Winnings?

What would you do if you won yesterday’s $1.5 billion Powerball jackpot? Before you start thinking about how to spend a billion and a half dollars, understand that you won’t get it all at once. Instead, it’s paid out in 30 installments over 29 years. If you want the money now, you only get $930 million. Then there’s taxes. Read more

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What’s Your Plan For a Financial Independence Day?

One of the ideas in our CEO’s recently released book, What Your Financial Advisor Isn’t Telling You, is declaring a “Financial Independence Day.” Of course, the concept of “financial independence” means different things to different people. I personally think of financial independence as consisting of three different levels: Read more

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Happy New Year!

Financial Finesse would like to wish you and your loved ones a happy and prosperous New Year!

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Happy Holidays!

Financial Finesse wishes you and your family a happy and prosperous holiday season! (If you’re still looking for a truly last-minute gift, consider giving the gift of financial wellness with one of these books recommended by our own Dr. Scott Spann.)

 

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The Less Than 2 Hours a Week Money Prescription

Our newest blogger, Cynthia Meyer, wrote an excellent blog post on Monday about a “two hour a week money prescription.” While I think her suggestions can work perfectly for many people, others may find that even two hours a week seems like an unrealistic amount of time to be spent on finances. If you’re in that camp, don’t worry!  Read more

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The Five Biggest Myths About Saving Money?

When one of my colleagues recently sent me an article titled “The Five Biggest Myths About Saving Money, According to a Millennial,” I was intrigued. After all, it can be fun to bust myths, especially about something as important as saving money, and hearing a Millennial perspective is interesting, both because I might be one myself (I was born in 1979 and Millennials are sometimes described as being born in the late 70s and other times in the early 80s so maybe I’m actually something called an Xennial) and because they (or we) are the future. The article features the views of Ethan Bloch, the 30-yr old founder of Digit, an online financial company. Here are the “myths” about saving that Bloch aims to correct: Read more

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Should You Convert to a Roth IRA Before Retirement?

I recently saw this article titled “Why Boomers Should Convert to a Roth IRA” that argues why Boomers should convert to a Roth IRA a few years before retirement. It makes sense at first. Why not pay taxes now and have all your future income from the Roth IRA be tax-free? Read more

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