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

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