Financial Wellness @ Work

How Non-Netflix Employees Can Plan For Maternity Leave

The issue of paid maternity leave was in the news again last week when Netflix announced it was giving most of its workers a full year of paid leave upon the birth or adoption of a child. I’d like to think this is a growing trend for American companies and that by the time I’m ready to take maternity leave (no, Mom, this is not an announcement), it will be the norm instead of news. But the reality is that most workers who receive a maternity leave still only get the FMLA-mandated 12 weeks off and then only sometimes with pay. This means that in addition to planning for the added expense of a new person in your family, having a baby includes planning for a temporary (or sometimes permanent) reduction in household income. Read more

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What If Money Fell Into Your Lap?

In a story that may or may not eventually turn out to be true, two men claim to have found a train that allegedly vanished at the end of the Nazi regime and it was (in theory) loaded with valuables. They are offering to share that location with authorities if they are given 10% of the value.  There are all kinds of legal, ethical and moral questions that would surround a found former Nazi treasure trove should this train actually exist and should they be given a nice finder’s fee. That could, if it’s a whole train filled with valuables, be quite the fortune! What are they going to do with it? Read more

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Permanent Life Insurance or Mortgage Payoff?

We recently received a question on our Facebook page from a couple in their 50’s who are trying to decide between a fixed universal life insurance policy with a quoted return of “7% minus fees” vs paying off a mortgage with a 3.5% interest rate. This combines two common question topics: using permanent life insurance as an investment and paying off a mortgage early. Let’s take a look at some things to consider: Read more

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Is Your Financial Plan Too Complicated?

I am a big fan of the KISS principle when it comes to having a written financial plan.No, I don’t mean the Paul Stanley and Gene Simmons version of KISS. (Although I’m a big fan of Rock & Brews every time I’m out in El Segundo, California.) I mean Keep It Simple Stupid (or keep it simple smarty-pants if the word “stupid” is deemed offensive in your household). Read more

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Is A Financial Advisor Worth Paying For?

If you’re hiring an advisor to pick investments that will outperform the market, the answer is probably no. There’s no evidence that financial advisors’ recommendations add value in this way even if their advice were free. Add a 1% advisory fee and you’ll probably underperform the market. There are also now a host of “robo-advisors” that will help you put together and manage a customized portfolio of low cost index funds for a much lower fee. However, here are some services that may be worth paying a financial advisor for: Read more

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7 Things To Do Before Summer Is Over

Most of us would agree that it’s important to schedule regular medical and dental check-ups at least once per year. Whether or not we actually follow through with those wellness visits is another story. I admit to recently realizing that I am long overdue with the scheduling of my annual check-up so last week I dedicated an entire 15 minutes to the schedule so I could get those “should be” routine visits on the calendar.  Read more

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How Are Financial Advisors Like Congress?

If you voted for your congressman then they’re great but the rest are bums and if you voted against him then he’s a crook like all the rest. The same feelings are often held about financial advisors. How can the industry have such a bad reputation if so many people think that they have the only good one? Read more

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Unbiased Financial Guidance: Q&A With Kelley Long

I consider it a privilege to be a part of such an amazing team here at Financial Finesse.It has now officially been four years since I made the decision to leave my financial planning practice to join the financial wellness movement and I couldn’t be happier with that decision. I’m also pretty stoked to always have a group of CERTIFIED FINANCIAL PLANNER™ professionals available to provide me with a second opinion on my own financial decisions or to just help me validate that I am on the right path with my personal financial life plan.  Read more

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Financial Lessons From The Game Of Thrones Season Finale

My apologies if you haven’t watched the Game of Thrones season finale yet. But if you haven’t and you’re a fan, exactly what are you waiting for??? I’ll take a few liberties with the show’s broader themes and hopefully won’t spoil anything that you haven’t already heard or watched.  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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