A six-figure income, and still paying off debt?

(from Kristin Wong’s Get Rich Slowly blog dated 11/18/2014 – click here for the original post. Kristin Wong is a freelance writer for television, websites and blogs and a staff writer at Get Rich Slowly.  Get Rich Slowly is an award winning (best blog by Time Magazine, Money Magazine’s most inspiring blog to name a few) blog devoted to sensible personal finance and is based on 12 key beliefs you can find here.) At another site, I recently wrote about a tool that shows you online prices in terms of hours worked. I… [read more]
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Jelly Beans and The Wisdom of Crowds

If you’ve stopped by our office the last several months, you were likely asked to do something a little outside the norm.  Clients, prospective clients, vendors, even the mailman submitted their best guesses as to how many jelly beans were in a glass jar atop Mary’s desk. Today, we’ll share the results and our motivations behind the study.  Very simply, this was an experiment in the wisdom of crowds and how markets work. The Results 95 guesses were collected in all.  Some guessed quickly with little, if any, thought.  Others spent several minutes with a… [read more]
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Social Security – This is Your Life

As I mentioned in my last blog, I spent a few days last month in D.C.  This was my third trip to the capital so I made it past the must-see attractions to some of the lesser known monuments. The FDR Memorial was the most pleasant surprise.  I had expected a single sculpture, but quite like FDR’s presidency, the memorial stretched on and on with sculptures depicting the long span of his tenure in office.  Aside from honoring the man my grandma once thought was the one and only US president, the memorial highlighted the… [read more]
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Setting Up a Budget Based on Your Values

(from Carl Richards’ in the 8/10/2015 New York Times – click here for the original post. Carl Richards is a financial planner in Park City, Utah, and is the director of investor education at the BAM Alliance. His new book is “The One-Page Financial Plan: A Simple Way To Be Smart About Your Money.” His sketches are archived on the Your Money page.) At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month,… [read more]
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Protecting Yourself from Market Drops

Protecting Yourself from Market Drops As I write this blog, the Dow Jones Industrial Average is down over 470 points, a drop of 2.87%.  This follows August’s 6.6% drop, and puts us in official ‘correction’ territory.  International markets are down as well. Over the past several months, we’ve written about Greece, China and other headline risks that had a relatively minor impact on stock prices.  Last week, the 1,000 point drop in the Dow indicated that global risks were beginning to spook some investors, and the volatility began.  Chip wrote about what we do [read more]
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The Week That Was

Earlier this summer, I blogged about a potential market correction, and it seems in recent weeks that correction has arrived.  Other recent blogs talking through the woes in Greece and potential struggles in China and other pockets of the world help go into more detail as to some of the precursors that led to this recent decline. While we know the stock market can be a rollercoaster, the last several days through Tuesday’s close have felt like one long downhill ride.  At one point just five minutes after Monday’s opening bell, the Dow Jones… [read more]
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Why I Don’t Want Tony Soprano as a Client

Earlier this month, I traveled to Washington D.C. with my husband and dog, Otis.  The Dimensional Fund Advisors conference was held Thursday and Friday and we stayed for the following few days to celebrate my birthday and see the city.  (See my Facebook page for the full “Otis goes to Washington” photo album.) During the conference, I spent the day taking in Dimensional’s philosophy, the research behind it and various ways to incorporate different strategies on behalf of our clients.  As I’m sure most of you have heard over the years, you can boil down… [read more]
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If You Don’t Know When or How Much You’ll Be Paid Next, Read This

(from Jesse Mecham’s 6/12/2015 YNAB Blog post – click here for the original post.  Jesse is the founder of YouNeedABudget.com, a budgeting software tool mentioned often in our blog posts and in meetings with clients and their families.  Read more about Jesse here or follow him on Twitter @jessemecham.) A Variable Income Makes Budgeting even MORE Critical Those people that have it “easy”—the ones that are paid the same exact amount every single month—they’d do well budgeting and following the YNAB Way. But for you, with your variable income, it is absolutely critical.… [read more]
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Last Minute College Planning

August is back to school time, and college tuition bills are due soon. If you’re writing tuition checks, you’re past the point of setting up a 529 savings plan, filling out the FAFSA , selecting a college, and applying for scholarships and financial aid. The reality of the remaining cost and the immediacy of the expense may be stressing you out. Life happens, and we aren’t always prepared the way we’d hoped. So what do you do now? Take Stock of your Resources. In a perfect world, you should have 3-6… [read more]
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Headline Risk Around the World

Earlier this month, Jeannette wrote a very informative piece on the recent problems in Greece, providing historical perspective, facts surrounding the current state of affairs and breaking down the impact to clients and their portfolios. Around that same time, it seems as though many other spots in the world went haywire as headlines highlighting trouble in markets of all shapes and sizes were in the news, if not somewhat muted by the Greek crisis.  This week, let’s look at some of those headlines from what’s been a volatile summer in the markets and break… [read more]
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