Archive - November 2012

1
Unexpected Inheritance…Now What?
2
Financial Planning Can Include Giving Back
3
Increase Your Retirement Savings By At Least 1% In The Coming Year
4
Women And Money: Why They Avoid Risk, Lack Confidence in Decision-Making
5
To Be (Thankful) Or Not To Be?

Unexpected Inheritance…Now What?

Beloved Aunt Millie dies and leaves you some cash. Now what? How about a new house? Do you rush out and buy that new car? Unfortunately, a new car is often on the top of the list of purchases.

I am often surprised at the lack of forethought that goes into the decision making process of most Americans when it comes to windfall income.  In a recent study conducted by Jay Zagorsky, a research scientist at Ohio State University, data showed that folks who receive inheritance funds only save half of what they receive.

Hopefully, I can clear the air …

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Financial Planning Can Include Giving Back

Financial planning? It’s work — the kind that can send you to the shoe store.”

That was the Courier-Journal paraphrasing part of a talk that finance expert and author Jean Chatzky gave at a luncheon aimed at women earlier this fall. Chatzky spoke of how you can look to others as examples for how to handle your own financial life and suggested that a financial planner can help.

While she referenced the idea that the challenging parts of life can make you seek comfort in the form of shoe shopping, Chatzky had an interesting approach to working against the desire …

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Increase Your Retirement Savings By At Least 1% In The Coming Year

Several financial bloggers (20 at last count!) have been diligently writing articles of encouragement for people to consider increasing their savings rates by at least 1% in the coming year. Since many employees are going through annual benefit elections right about now, it’s also a very good time to put in an increase to your annual contributions to your retirement savings plans. Small steps are the easiest to take, and the least painful – so why not set aside an additional 1% in your retirement plan in the coming year?

The list below includes a boatload of ideas that you …

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Women And Money: Why They Avoid Risk, Lack Confidence in Decision-Making

by Eve Kaplan, CFP(R) Practitioner

Women differ from men in many ways including their attitude toward money. That’s having a growing effect on the trillion dollar financial industry.

John Grey’s classic book “Men are from Mars, Women are from Venus” illustrates how the sexes view the world through different lenses. Our previous article mentioned how these differences play out between men and women in terms of financial need. For example, women live longer than men, save less for retirement (due to career interruptions when they have families, and because they earn less). On the other hand, a growing percentage are …

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To Be (Thankful) Or Not To Be?

What does Thanksgiving mean to you? Well, for me it’s time with family and friends…..and lots of great food!  I love this time of year.

But, I am constantly amazed at the level of negativity in which we live.  We are constantly bombarded with negative images and ideas.  We just spent the last six months or so being told to vote one way because the other way was bad, wrong, or in some cases idiotic.  Turn on the news and see how much you can take….for me, not much.  I don’t subscribe to the media’s mantra, “if it bleeds it …

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