12 Things to Know About ROTH IRAs

Hello! Roth IRAs are one type of account that can help you reach your financial goals. However, there can be pitfalls if you don’t know all the rules. Read on to learn more. Best,       Michelle Morris, CFP®, EA BRIO Financial Planning   ROTH IRAs are 20 years old next year! They are… Continue

Financial Planning Toolkit for Single Women [and the people who love them]

This month I advised a client who was unhappy that he had to take a distribution from his IRA this year. The year you turn 70½ you must start taking required minimum distributions (RMDs) from your Traditional IRA accounts. (Technically your first year you have until April 1st of the following year, but every year… Continue

What I Am Reading

I read this book, “The Elements of Investing” years ago when it first came out and it still has a place on my office bookshelf. If you’re only going to read one book in your life about investing – make it this one. It is written in a straightforward manner imitating the classic writing style… Continue

There are worse things than going to see a financial advisor!

Hello! A lot of people dread the idea of seeing a financial advisor. But as one of my best friends frequently says: “The truth will set you free”. And this month I debut a new feature called “What I am Reading”. Read on to learn more. Best, Michelle Morris, CFP®, EA BRIO Financial Planning  … Continue

Financial Planning Toolkit for Single Women [and the people who love them]

It’s tax season, and you should give a tax person a hug and a cup of coffee. This month I helped two clients who installed insulation save money on their tax returns with a home energy credit.

What I Am Reading

Each month I share with my readers something I read that I enjoyed, whether or not it has anything to do with finances. I am fortunate to have many smart and supportive colleagues. Recently, my friend and colleague Christina Larson CFP® wrote a wonderful post on why she uses Dimensional Funds for her clients. I also… Continue

What’s your number?

Hello! Much has been written in the financial press about “your number”: the amount of money you should save in order to retire. It’s an important number. But even more important is the first number you must have before you can even start to figure out “your number”. Read on to learn more! Best, Michelle… Continue

Financial Planning Toolkit for Single Women [and the people who love them]

This month I helped a newly retired client make some important spending decisions.   Transitioning from decades of putting money away for your future to actually spending that money once the future is here can be difficult. As a planner, one of my most gratifying tasks is helping some clients see they can afford to… Continue

Financial Planning Toolkit for Single Women [and the people who love them]

Are you divorced? Check your beneficiary designations right now! Recently I heard the sad story of a woman who had recently divorced. Shortly afterward, she fell ill and died prematurely in her late 60’s. Unfortunately, the beneficiary designation on her substantial IRA was her ex-husband. He gets the money. Beneficiary designations alone determine who inherits… Continue

Death and Taxes: Both Certain but One Might Be Farther Away than You Think

Hello! How long will you live? Of course, nobody knows the answer for sure.  Like many questions in financial planning, there is no Magic 8-ball with answers. Read on to learn more about longevity statistics! Best, Michelle Morris, CFP®, EA BRIO Financial Planning   I frequently talk to clients about when to retire, when to take Social… Continue