I hope your 2017 has been off to a good start! On the east coast, it seems like we're finally making way for warmer weather (fingers crossed).
At lifelaidout, we've been working hard to help people reach their financial goals through comprehensive planning as well as educating people about personal financial strategies via articles, talks, and media mentions.
See below for a summary of what we've been up to. If you would like to explore working together, through individualized planning or a company/group talk, please email me at email@example.com to start the process.
We posted four new articles on the site in Q1, covering subway fare increases, buying vs. renting an apartment, outlining how high-income earners can move money into a Roth IRA, and how to choose a financial planner.
Should You Still Be Getting an Unlimited Subway Pass? - Those in NYC know that the MTA recently raised prices for the monthly subway pass while also decreasing bonuses when paying per ride. Now is the perfect time to revisit whether an unlimited monthly pass is still worth the cost based on your personal situation.
Are You Throwing Your Money Away When You Rent? - People often feel pressured to buy a home because they think they're simply throwing away money when renting. This article works through that myth and shows that you're also throwing some money away when you buy.
Here's How to Sneak $36,000 into a Roth IRA - Generally, there are income limitations preventing high-income earners from contributing to a Roth IRA. However, you can use strategies to effectively invest up to $36,000 a year into a Roth IRA.
5 Things to Look for When Picking a Financial Advisor - Choosing a financial advisor can be an overwhelming process. This article outlines five things to consider when choosing who to work with.
One of my favorite things to do is talk to groups about personal finance and real estate. I like being able to reach a lot of people and it also brings back fond memories of being a teaching assistant at Carnegie Mellon.
Over the last several months, I've had the opportunity to lead several talks on Personal Finance 101.
If you're interested in bringing a personal finance or real estate talk to your company, reach out to me so we can talk in more detail. Talks can range from general overviews, such as, "Personal Finance 101" or "How to Buy a NYC Apartment," to detailed discussions on a particular topic, such as, "Making Sense of Your 401(k) Plan" or "What to Know About 529 Plans." Sessions generally last one hour, but can be customized to your group's needs.
in the media
Beyond my own writing, I've had the opportunity to comment on a variety of topics across several articles focused on simplifying the personal finance space, managing money as a couple, and other hot topics. Below are some select articles - you can see more here.
Simplifying Personal Finance
Say What? Decoding Ubiquitous Financial Jargon (US News): Financial professionals break down the complex jargon that industry folks like to use into simple terms.
5 Signs You're Getting a Raw Deal From Your Financial Advisor (US News): Discover the red flags you should watch out for when dealing with a financial planner.
Managing Money as a Couple
3 Key Money Tips for New Couples (CommonBond): Learn how newlyweds can effectively deal with money.
Tax Tips for Newlyweds: 9 Ways Getting Married Changes Your Taxes (Money Mic): Learn how your taxes may change after you tie the knot.
Financial Independence / Retirement
Retirees Should Look Carefully Before Leaping into a Relocation (CNBC): Some things to keep in mind before relocating for retirement.
What You Need to Know About 401(k) Plans (CNBC): Taking the time to understand your 401(k) plan could help you make smarter decisions about your portfolio.
Do This With Your Retirement Portfolio if You're Worried About a Correction (CNBC): Find out how you should be thinking about your portfolio in the current market environment.
Working with Me
I think of comprehensive financial planning as both an art and a science. It's a science in that there are clear rules and calculations you can do to optimize your financial situation. It's an art because there is no one-size-fits-all solution for everyone. Each person's situation is different, from where they've been and how much they have, to where they want to go and how much they'll need for their journey.
We help our clients make sense of where they are today and where they want to go and then utilize our expertise to help them reach their destination most efficiently, taking all aspects of their financial situation into consideration.
Effective financial planning gives clients a clear pathway forward and helps them reach their goals, but perhaps most importantly, I've found that planning gives clients peace of mind, allowing them to focus their energy toward activities that are most important to them.