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Wealth Building
Wealth Building
Everything You Need to Know About Loan Repayment Programs
Many of the clients I work with are attorneys who are facing a pile of student loan debt – and it can be intimidating. When you’re a few years into your career, you might feel motivated to start paying off your student loans faster. Everyone at one point or another focuses on loan repayment programs…
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Debt Snowball or Avalanche: Which is Right For You?
If you’re staring down a mountain of student loan debt, you’ve likely heard of two different repayment strategies: The debt “snowball.” The debt “avalanche.” The debt snowball repayment strategy means that you start by repaying your smallest debt first. This could be a low-balance credit card, your smallest student loan – basically, whatever debt you…
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Deciphering Your Paycheck: Knowing What You’re Earning, and Where It’s Going
Do you remember what it felt like to get your first paycheck at your first job after college? It’s an incredibly proud moment – but it can also be a somewhat confusing moment. That seems low – does that seem low? You ask yourself while looking at the direct deposit in your bank account. Many…
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Budgeting With a High Income
As a financial planner who works with attending physicians, I see one mistake consistently being made when it comes to personal finance: Individuals who are able to live comfortably as a result of their income skip the process of building a budget. More often than not, it’s not a decision they consciously made. A budget…
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New Year’s Resolutions Your Wallet Will Thank You For
This time of year, the internet is flooded with information about setting (and sticking to) New Year’s Resolutions. Here’s the thing, and I know this isn’t a popular opinion, but I don’t like resolutions. In my line of work as a financial planner, I see a lot of people set out to achieve some pretty…
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Avoiding Budget-Busters in the New Year
With every new year, I see a huge number of people committing to live a better financial life. If that sounds like you – there’s one clear place to start: with a budget. There are thousands of different ways to budget effectively, and the truth is that they all work to some extent. Different budgeting…
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Student Loans and Your Taxes: How They Work Together
Did you know that your student loans have a big impact on your taxes? That’s right – your student debt influences whether you should file jointly or separately from your spouse, whether or not you’re taxed on the forgiven portion of your loans, and what type of deductions are available to you if you’ve been…
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Is Your Student Loan Grace Period Over?
Are you confused about your student loan grace period? You’re not alone. Many new grads feel frustrated and a little lost about how long their grace period is, and what exactly it means for their student debt. This is especially true of young professionals who have gone through additional schooling – like attorneys and physicians…
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Contribute Now, Save Later: Taxes and Your 401(k)
Most people are aware that their 401(k) is an excellent tool for retirement savings. In fact, Americans with access to a 401(k) plan are making contributions across the board – 52% of millennials, 75% of Gen X, and 80% of baby boomers contribute regularly. The majority of people who contribute on a regular basis are…
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Are You Saving Money During Benefits Enrollment?
People often view open enrollment season at their office as a time where they need to check a box that basically ensures that they continue to get the coverage they’ve always had. People are creatures of habit, and the idea of reviewing your coverage and making changes can be both overwhelming and unsettling. Not to…
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