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Financial Blog For Busy Families & Impact Investors
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What happens to your money if you die during the divorce process?
Because things are “frozen” in a sense while the divorce process is ongoing, it is a valid concern that your soon-to-be ex-spouse could receive your share of assets if something happens to you. From the law’s perspective, if you die before the divorce is final, your spouse is still considered the surviving spouse even though you were in the middle of a divorce.
Should you Report your Rent Payments to Credit Bureaus?
Mortgage and auto payments are automatically reported to credit agencies, but rental payments are not. New services, however, are making it easier than ever to report this information. If your landlord gives you the option to report your rental payment history to the three (3) credit agencies - should you opt-in?
Avoid this common mistake - excess cash in retirement accounts [video]
Cash has a place in a portfolio, however, too much cash is not a good thing.
Crypto has exploded. Are Crypto ETFs Worth Investing In?
Cryptocurrency continues to explode in both adoption and interest. It was only a matter of time until crypto ETFs came on the scene. Are they worth investing in?
What are I-Bonds?
A quick video overview of I-Bonds including their current rates and liquidity.
Understanding your ESOP
ESOPs are a type of qualified retirement plan. They are not as common as other qualified plans, such as 401ks and 403bs, but you may be offered the option to participate in an ESOP at some point in your working career. Learn how ESOPs are unique and the planning opportunities that come along with them.
3 Things to Review Before Buying a Condo
Condo communities come with more stipulations and nuances than single-family homes. Reviewing these items, along with an inspection report by a professional that has experience with condos, can help you make the best decision possible for you and your family.
Charitable Contribution Tax Tips
Charitable contributions are one way that you may be able to reduce your tax bill. New rules, qualified charitable organizations, substantiation requirements, and more.
3 Different Methods for Managing Household Expenses with your Spouse
Couples use a variety of methods to manage their household finances. While some prefer to combine everything from the beginning, others are more comfortable, with separate accounts or a combination of joint and separate. Here are a few methods that may be helpful when having a discussion with your spouse about how you will be choosing to manage your household finances going forward.
4 Books for Kids that Review Money Concepts
I grabbed all of the books on my bookshelf that talk to kids about money. Check them out and let me know your favorites!
Talking about Money with Children
I am an advocate of talking about money with your children because then money won't become a taboo subject. Here are some tips to get you started.
Say 'Hello' to the New(ish) 1099-NEC Form
Beginning tax year 2020, compensation for non-employees (contractors or freelancers) will be recorded on a 1099-NEC from Linda Rogers.
What is unique about the TSP's "G Fund"?
The Thrift Savings Plan (TSP) is the retirement plan for federal employees and members of the uniformed services. The G Fund is specifically issued by the Treasury Department for TSP participants and it offers a unique benefit. This is how it works.
3 Things to Look for During Open Enrollment Season
It is open enrollment season right now for many of you and that means it's the only time of the year that you can review and change your benefits at work. Here are 3 things to look for.
When and why to add TIPS to your portfolio
Even though inflation has been low recently and high inflation rates are a distant memory, there is always the possibility that it will spike again, even if it is due to unjustified market fears. Thankfully, there are ways to hedge against the negative effects of inflation.
[Guest Post] Travel in the Time of COVID
As we are nearing the one-year mark of what has truly become a Corona-nightmare, airline travel is at record lows, and many countries have had their borders closed to international travelers for almost 8 months. Understandably, many people are hesitant to travel right now, but for those of you who are looking to get away either now, or post-covid, here is a guide to help you plan.
[Guest Post] My Midlife Digital Nomad Resources
My partner and I started a trip around the world December 2019, and have been living on the road, and out of backpacks, since. In the last nine months we’ve visited Mexico, Guatemala, Columbia, Panama and Brazil. Here’s how we are doing it.
Be Careful Where You Deposit Your Inheritance
Many of you will receive a gift or inheritance at some point in your life. If you are married, be aware of the implications of where you put that money.