Financial Wellness @ Work

The Good, the Bad, and the Ugly of the New Student Loan Forgiveness Program

I recently received a panicked call from a friend of mine who had just graduated from graduate school with $120k of student loan debt. Since she had trouble making the payments, she signed up with the new “Pay As You Earn” student loan forgiveness program. Then she got an ugly surprise… Read more

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Don’t Turn Divorce Into A Costly Donation

When marital relationships come to a messy end, it can be difficult for the couple to find anything to agree on. One thing that men and women going through divorce generally do agree on is that arguing about money is a top predictor of divorce. Research suggests that arguments about money early during a relationship increase the likelihood of divorce. Many individuals who have gone through a divorce can attest to the fact that money quarrels don’t always end after the divorce proceedings have ended. In today’s blog post, my colleague Paul Wannemacher explores the financial impact of this emotional life transition. Read more

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Is Paying Off Your Mortgage Worth Losing The Tax Deduction?

I recently received a question after one of my workshops from a woman who was wondering if she made a mistake paying her mortgage off early because she no longer has the mortgage interest deduction. I can’t tell you how many times I’ve gotten different versions of that same question (including after a later workshop session that same day). Here are several reasons why this is a classic case of letting the tax tail wag the dog: Read more

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Last Minute Tax Savings With An HSA

In recent weeks, millions of taxpayers have been realizing the true impact of the Affordable Care Act as they file their tax returns. It’s probably no surprise the individual mandate required most Americans to have health insurance coverage as of January 1, 2014. If you had employer-provided health insurance coverage for most of 2014 or you purchased coverage through a private exchange or directly from an insurance company, the health insurance mandate will not have an impact your taxes. Read more

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Conflating and Misremembering

It’s been hard to not pay attention to what is going on in the news business lately.Jon Stewart is leaving the Daily Show. Brian Williams has stopped reporting the news and has become the news.  Read more

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A Time Tested Approach to Financial Advisors

Years ago, I had a brilliant WWII veteran as a client, one of the smartest women I had ever met. She told me that she was so glad that women were finally advisors because it took her almost a decade to find the right advisor when she started looking in the 1950s and I asked her why. Her answer was that her due diligence saved her from many “Bernie Maddoffs” over the years. Her process can be almost a textbook case for how to look for and work with an advisor: Read more

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5 Tips to Make Tax Time Less Taxing

If Christmas is the most wonderful time of year, why does it always have to be followed by its stressy and messy cousin “Tax Time.” Remember that New Year’s resolution to get your financial life in order? Well, it’s not too soon to start organizing the files, papers and “stuff” needed to do your taxes.   Read more

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The Nine Core Values of Financial Advice

What does the game of golf have in common with the financial planning profession? According to my colleague Paul Wannemacher, there are many parallels between the two.  The financial planning process is all about aligning your money and wealth with your life goals and personal values. As Paul explores below, professional financial advisors have an important role in this process and your financial future should be treated with the highest levels of professionalism and integrity: Read more

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Last Minute Moves to Save on Taxes for 2014

I have never been a big fan of shopping during the busy holiday season, where we are all encouraged to buy, buy, buy no matter where we turn. In fact, I personally prefer to do my shopping in the convenience of my home office and avoid the consumer-driven hustle and bustle as well as the traffic. Click, click, done! Read more

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Know Your Limits

With New Year’s Eve celebrations right around the corner, it is important to know your limits.I don’t mean your limit on glasses of champagne and calorie intake, although those limits are also pretty important while you ring in the new year. Uncle Sam has some changes in store as we head into 2015.  Read more

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Financial Finesse’s unbiased financial planning blog wins Gold for "Blog of the Year" in the 2014 Best in Biz Awards!

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