Don’t you forget about me: What to do with an old 401k plan?
In the midst of changing jobs, whether taking on a new full time job or striking out on your own, you might have left behind an old 401k plan. Most of the time, we forget about our 401k plans because they operate on their own: a portion of your earnings automatically goes into your plan […]
What happens if something happens to me?
Right now, one question is in the back of everyone’s mind: What happens if something happens to me? It’s a question we tend to ignore in “normal” times. We think to figure out morbid things like making a living will or power of attorney sometime down the road. But in the wake of a public […]
The Racial Wealth Gap Explained
The events of the last few weeks are a sad reminder of how deeply ingrained racism is in our country. It’s uncomfortable for me to think about just how bad structural racism and white privilege really are in this country. It’s even more unthinkable that this has endured for centuries. But I know everyday violence […]
The CARES Act & Student Loan Forbearance
Who would have thought that only a few months into 2020 we’d be talking about a wide-reaching student loan forbearance by the US government brought on by a global pandemic? Seems like a stretch to me, but here we are. Fortunately, instead of tanking us deeper into student loan debt, this provision of the CARES […]
How Will This Crisis Change You (And Your Financial Plan)?
The recent global pandemic has thrust one thing to the forefront in our lives: uncertainty. Uncertainty over whether our health will be impacted or not. Uncertainty over what the fallout will be. Uncertainty over what life will look like after shelter-at-home is lifted. It is a defining moment in all of our lives. It is […]
Should I Invest Right Now?
When the stock market is down 20-30% and it’s scary. It’s emotional. And the last thing most people want to do is stick their toe in shark-infested waters. I can hear those familiar voices: “I just saw my portfolio go down how much, and you’re telling me to do what?!” Or conversely, “Now’s the perfect […]
How to Prepare for a Recession?
Right now, we’re in the middle of some very stormy weather. Aside from our health concerns, our collective worry about the changing economic conditions has come to the forefront. Since we don’t know how long the stay-at-home order will be, we also don’t have a sense of how deep the economic impacts will be. One […]
Planning for a Baby, Financially? Things to Consider
Are you planning for your baby, financially speaking? Besides buying the crib and taking parenting classes (don’t forget infant CPR!), new families need to get their finances in order before welcoming a little one into the home. This is especially important if you’re an LGBTQ family who is going through surrogacy or adoption—two paths that […]
Financial Planning for the Gig Economy: A RoadMap
Becoming a freelancer seems like a dream for a lot of people: you make your own hours, choose your own clients, and most importantly, you do what you love. But in this gig economy, there’s a lot to think about before striking out on your own. While it’s true that you can start freelancing tomorrow, […]
The Power of Incremental Change in Your Financial Life
I’ve recently become enamored with the concept of incremental change, and how it impacts our financial lives. The idea resonates with me because it’s so simple: small steps, day in and day out, lead to HUGE change. Huge change (good or bad) comes from the compounding effect of all these little actions. James Clear talks […]