Under Age 35 Archive

Financial Planning for Young People – Video

 Financial Planning for Young People – Video Outline This is an important article not only for young people just starting out.  It’s also for people like some of my clients. They have adult children and ask me to advise them as they start out. Here’s my primer: Hundreds of financial advice articles come out each week explaining to …

Don’t Want the Burden of a Big House? Get a Smaller One!

With the increasing cost of living and endless move higher in home prices, many people are choosing alternative paths to financial peace. One idea that is slowly spreading throughout the US is the move toward smaller homes. Nina Glinkski wrote an article in Bloomberg recently highlighting this idea and she featured some examples of people …

The Value of Higher Education

Author note: This is a follow up and continuation (and in some parts reiteration of my article The Future of Education… published 9/30/13…~Chris In the past year and half, I’ve been sharing a different perspective on the value of higher education than most people are familiar with. Let me use Charles Hugh Smith’s quote to …

Attention Gen Y – Grandma Wants Your Pad

Is there competition between gen Y and baby boomers? Much has been written about generation Y wanting to live in the city – with important factors being a diverse variety of things to do, good public transportation, the latest amenities in their residence and in their building (like a gym). Many articles and reports have …

Fix That Resume – Your Largest Asset Depends On It

Did you know your resume could be worth over $1 million? It could be. My reasoning is as follows… (cover photo courtesy of Juhansonin) Some time ago, I came across this neat article on how to frame a resume from Tammy Erickson in the Harvard Business Review: The Case of the Rolling Stone (that Gathers …

Financial Independence by 50 (or 40) for Regular People

What does Financial Independence mean to you? “Financial Independence” is what we used to call “Retirement.” So if you like that word better, so be it. What does it mean to you? For older generations, they may have looked forward to stopping work and relaxing – and seeing that we had a larger blue collar …

Use Credit Card Points for College

  An excellent quickie article at Business Insider outlining credit cards that pay cash back to college savings plans: Business Insider The key takeaways are that if you manipulate it right, these programs often pay more in cash to you than many other types of cards. And typically if you average it out, most cards …

Are You Executor of a Will? You May Be Personally Liable for Taxes

I am running into a number of younger clients who are inheriting more and more from grandparents and parents. Thankfully, many are honoring the hard work and thriftiness of their family by investing the inheritance and not wasting it. With much of our country’s wealth in the hands of retirees, this trend should continue. And …

Young Investors Need to Think of the Endgame

(Photo used with Creative Commons permission from the Vancouver Library) on Flickr In the past, If you could actually get someone to start saving and investing, it was likely they would do it begrudgingly, as they hadn’t a clue what the endgame was. Teens and young adults were often forced to save or incentivized to …

6 Inherited IRA Mistakes to Avoid

Note on Inherited IRA Mistakes: IRA issues can affect multiple generations! Inheriting an IRA is not like inheriting a car. With an object like a car, the car is signed over to you and it’s yours to do as you please. You can sell it, use it, or gift it. An Inherited IRA, on the …