Financial Wellness @ Work

How To Tell If You Are Getting Advice Or A Sales Pitch

I recently spoke with a friend who has been talking to advisors about retirement planning. Since I am always curious about the client-advisor experience, I asked her what she was told. After hearing her, I told her that she was not getting advice. She was getting a sales pitch.  Read more

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

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

3 Investment Myths Busted

Think you know everything you need to know about investing? I recently read three articles that dispel some conventional wisdom when it comes to your investments. Here are the busted myths along with the implications of what they could mean for you: Read more

What A Lost Cell Phone Can Teach Us About Investing

Earlier this year, my boss shared with us her story of how she dropped her phone behind her bed. Her first thought since the bed was basically against the wall was to move the bed…in her words “bad idea.” After some time (and a little pain medicine), she took a second approach: use a hanger from the side to pull it out….again, “No dice.” (She thinks she actually made it worse by pushing it further out of reach.) Read more

Want to Live a Happier Financial Life?

Very rarely do I find a personal finance article that resonates me as much as one I recently read called “How to Live a Happier Financial Life.” First, I love the title. When it comes to finances, sometimes we get so caught up in the numbers that we forgot the whole point is is about maximizing happiness not money. Sometimes that means spending more money on certain things but often it actually means spending less. The article’s following points do a good job of differentiating which is which: Read more

The Gym Rat’s Guide to Investment Terms

Investing and the financial world in general can be pretty confusing. There are a lot of terms you may not know and concepts you may not be familiar with. It can even start sounding like another language! Read more

Noise Cancelling Headphones Needed

One of the joys of my job is that I get to work with some incredibly bright and talented people. Daphne Winston is one such person. She and I were talking about some of our “travel nightmares” one day as both of us routinely fly for work. I asked her to write a blog post about one of her misadventures and this is what she shared with me: Read more

The Risks of Employer Stock

One of the biggest risks I’ve seen lurking in people’s investments is having too much in a current or former employer’s company stock.What’s too much? You should generally have no more than 10-15% of your investment portfolio in any single stock. Keep in mind that an investment adviser can lose their license for recommending more than that. Read more

Should You Buy Life Insurance as an Investment?

Should you purchase a whole or universal life insurance policy as an investment? We recently received several questions on our Facebook page on this topic so there seems to be a lot of confusion about it. On the one hand, many agents over-sell these policies as a way to earn big commissions. On the other, they can make sense for certain people. Let’s take a look at some guidelines to use to see if it makes sense for you: Read more

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