Be A Control Freak (sometimes)!

Hello! Your financial success depends on a lot of factors. Some of them you have no control over. But the good news is many you do. Be a control freak on the things you CAN control. And forget the rest! Best, Michelle Morris, CFP®, EA BRIO Financial Planning   Recently I got a gem of a book… Continue

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

Last month I helped a client minimize taxes by selling some mutual funds that had risen in value. In her case the capital gain will be taxed at 0% because her taxable income is low this year. When your income is below a certain amount your capital gains tax rate is ZERO! One of the… Continue

I-Bond Interest Rate Alert

Hello! Every 6 months, on the first business day of May and November, the interest rate on your Inflation Linked Savings Bonds (I-bonds) changes based on inflation as measured by the Consumer Price Index. The current inflation adjusted interest rate for your I-bonds is: 2.76%   This will be added to whatever fixed rate your… Continue

10 Reasons Why You Should Not Try to Time the Market

Hello! Market volatility, wide swings in its value, is often distressing to investors. The temptation to get out can be strong. But it isn’t market timing that matters – it is time in the market! Read on to learn more! Best, Michelle Morris, CFP®, EA BRIO Financial Planning   If you invested $10,000 in the… Continue

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

Last month a charitably-minded client who is in an unusually high tax bracket this year (not a bad problem to have!) decided to make a contribution to a Donor Advised Fund. Doing this will reduce her tax bill this year and now she has a pool of dollars set aside for future charitable contributions. Donor… Continue

The MAGIC of pre-tax dollars!

Hello! Beware of Greeks bearing gifts and financial service professionals promising magic. But the magic of pre-tax dollars is one you can take to the bank. Best, Michelle Morris, CFP®, EA BRIO Financial Planning   Today I am going to tell you about a mythical client named “Susie”. Susie is single and her gross pay… Continue

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

Last month I helped a young woman who recently inherited money figure out just what her goals are for this money. We implemented some tax savings strategies too. Now she has a plan in place to protect her inheritance and she has a good idea what it will be used for. Sudden wealth can be… Continue

Teenager got a job? Now they need a ROTH!

Hello! Teens earning money is a beautiful thing! Now’s the time to salt away some of those earnings to a ROTH IRA and they won’t have to share with Uncle Sam. No tax now, no tax later. It doesn’t get much more beautiful than that. 🙂 Best, Michelle Morris, CFP®, EA BRIO Financial Planning  … Continue

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

Last month I took a moment to celebrate the 40th anniversary of the index fund. (Coincidentally also my 26th wedding anniversary!) On August 31st, 1976 Jack Bogle of Vanguard opened the first ever index fund, the S&P 500. It was a novel (and many thought insane) idea then for a fund to buy a set… Continue

In the great green room there was a telephone and a red balloon. And a whole lot of money.

Hello! Parents in my readership will undoubtedly recognize the subject line of today’s newsletter as the first line of Margaret Wise Brown’s beloved children’s book Goodnight Moon. Like many of you, my husband and I read this book to our son thousands of times before he outgrew it. Today we learn what happened to the… Continue