Women's Money Wisdom

In this episode Melissa Joy, CFP, ® and Kristie Kindstrom, founder of Your Honeycomb Inc., discuss ways to plan for aging and leaving a legacy. As a longevity planning expert with more than 30 years of experience in the financial services industry, Kristie Kindstrom helps families create a longevity plan by categorizing all facets of a person’s life, from assets, digital estate, daily life, health, and legacy. If you or your family members need help organizing and creating a plan, this episode is a must listen.

You will learn:         

·      How to organize and inventory photos and family heirlooms

·      Tips for working to take inventory together as a family.

·      What is a digital estate?

·      Where is a good place to keep passwords and online assets to protect but also share with the right people?

·      Why it’s important to build your support network now in case something were to happen to you. 

Resources:

·       Learn more about Kristie Kindstrom and Honeycomb Inc.

·       Learn more about Everplans.

 Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Pearl Planning is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional. Pearl Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode, Melissa Fradenburg, Financial Advisor, and Ashley Mont, discuss smart financial moves that can help millennials (and future generations) build wealth. Ashley, a biomedical engineer, is the founder & CIO of a technology start up and a financially savvy millennial.  Ashley shares some tips that helped her to lay a solid financial groundwork  as well as mistakes she has witnessed others in her generation make. 

You will learn:

·       How budgeting can set you up for future success.

·       Why understanding interest rates is an important component of large purchase decisions. 

·       How to read the fine print when accepting school loans.

·       How the opportunity to go to college being presented as something exciting from a young age, helped shape Ashley’s mindset today.

·       Why picking a major that leads to a high-income earning career is important?

·       How to learn and recover from your financial mistakes. 

·       Why mindset is so important when setting goals. 

·       What inspired Ashley to major in biomedical engineering. 

Resources:

Find out more about NeuroTechR3, Inc.

Connect with Ashley Mont on LinkedIn.

Read, 3 Ways Millennials Are Getting Money Right, by Kelsey Sheehy.

Listen to Episode 50: Gen Z Disruption with Julia Carreon. 

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode, Melissa Fradenburg, Financial Advisor, shares tips to keep your holiday spending under control. Whether you put all your seasonal shopping on credit cards or save up months in advance, you should have an overall budget number in mind.  The bonus to planning is you can lower financial anxiety and increase personal enjoyment in this hectic season.

You will learn:

·       Why making a list and checking it twice is so important this year?

·       How to avoid the ‘One for you, One for me,’ gift trap.

·       Why it is important to include other holiday expenses outside of gifts in your overall budget.

·       What apps can help you keep track of purchases. 

·       Ways to think outside the box if money is tight this season.

Resources: 

Download Apps, Christmas Gift List, or Gift List, mentioned in this podcast.

Read, 5 Smart Holiday Spending Tips, by Melissa Fradenburg. 

Here are some of Melissa’s favorite gift list ideas from Living In Yellow and The Motherchic. 

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this special #GIVINGTUESDAY episode, Melissa Joy, CFP® and Alexa Kane, CFP® discuss ways to give back this holiday season (and throughout the year).  They will address how a Donor Advised Fund can assist with appreciated stock or bundled gift strategies as well as how to take advantage of your charitable deduction and bundle gifts to get itemized deductions in periodic years.

We will learn:

·       What is #GivingTuesday

·       How to teach children the power of money through charity. 

·       How bundling your charitable gifts can increase the tax advantage.

·       How do qualified charitable donations work?

·       Why gifting appreciated stock can make your donation go further. 

·       What is a donor advised fund?

 Resources:

Visit the virtual headquarters for Giving Tuesday 2021.

Read Pearl Planning blog, 10 Ideas for Giving. 

Watch a webinar replay, Money Smart Charitable Giving.

Listen podcast episode 33, Charitable Giving with Laura Brownfield, for more information on Donor Advised Funds. 

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this special Thanksgiving week episode, Melissa Joy, CFP® and nutrition coach Liza Baker discuss the secrets to successfully transform habits when it comes to your health and wealth this holiday season (and throughout the year). As a health coach and employee wellness consultant, Liza focuses on employee wellness programs or 1:1 and group programs for individuals. Liza and Melissa discuss the similarities between taking small sustainable steps to change habits and how to reclaim your agency in both aspects of your life. 

We will learn:

·       Why the best way to eat is to listen to your intuition.

·       Why you need to stop “shoulding” all over yourself. 

·       What are the three S’s of having success with healthy and wealthy habits?

·       What the E-A-T process means.

·       Why we cannot give up agency when it comes to our health or our financial future. 

·       When you indulge make sure you enjoy it. 

·       Why thinking of each holiday as a single day to indulge vs a season is important?

Resources:

Learn more about Liza Baker Health Coach

Join Liza the first Wednesday of each month for a mid-week workshop.

Read Liza’s blog, Thanksgiving in the Kitchen. 

You can follow Liza’s podcast, Simply: Health Coaching.

Pearl Planning is not affiliated with and does not endorse the opinions or services of Liza Baker. Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode Melissa Fradenburg, and Hannah Near, CFP, ® CPA discuss what you can do in the last 5 weeks of the year to get your finances in order. We all know how chaotic this time of year can become with the holiday season approaching. Hannah shares valuable insight on things we should review in retirement planning, employee benefits, gifting and taxation before we ring in the new year.

You will learn:

·       What can you do with unspent FSA money? 

·       Why it’s important to review your retirement contributions.

·       Is it too late to do a Roth Conversion?

·       What are some things to consider with charitable gifting? 

·       What can I do if I know my taxes are going up in 2022?

Resources:

·       Find out more about Hannah Near, CFP®  

·       Read the latest Pearl Planning blog by Hannah Near, 7 Year-End Financial Planning Moves.

·       Read blogs Maximizing the Benefits of your Incentive Stock Options (ISOs) or Utilizing Your NQSO’s to Help Meet Your Goals, if you are considering exercising stock options to accelerate earnings for 2021. 

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode, Melissa Fradenburg and Lynn Walsh, discuss ways to communicate better on money differences as well as touch on what could be controlling behavior around money or constitute financial abuse. Lynn Walsh, MS, LLP, holds a Master of Science in clinical psychology and has a private practice in Grosse Pointe, Michigan. With her focus in supportive self-esteem and assertiveness, building and strengthening bonds, and communication in relationships, Lynn is a great resource for those who may find themselves struggling to communicate money differences or who are in a financially abusive relationship. 

You will learn:

·       What are some signs you are in a financially abusive relationship?

·       How limiting your access to assets or ability to earn money is a form of abuse.

·       How to determine if you are being controlled in a relationship?

·       Why it is important for both partners to feel listened to and heard. 

·       The importance of spending autonomy.

·       Why you can gain clarity on finances when you focus on being on the same team to reach financial goals.

Resources:

·       Find out more about Lynn Walsh HERE.

·       Read a Blog post, What is Financial Abuse? These Are the Signs.

·       Schedule a session with Lynn Walsh, MS, LLP 

·       Reach out to National Domestic Abuse Hotline for additional resources. 

Pearl Planning is not affiliated with and does not endorse the opinions or services of Lynn Walsh, MS, LLP.  Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

Episode 88: Mortgage Options in Retirement with Nathan Steiner

In this episode, Melissa Fradenburg and Nathan Steiner, NMLS #771054, discuss what mortgage options you may have available in retirement. Whether you are looking to downsize or purchase a vacation home, mortgage options may be available even if you do not have employment income. Nathan has over 20 years lending experience and understands the unique challenges retirees are facing in the current rate environment. 

You will learn:

·         Can I get a mortgage in retirement without employment income?

·         What are the advantages of having a mortgage in retirement?

·         What are my options to access equity in my primary home to purchase a second home without selling? 

·         Do you recommend reverse mortgages? 

·         Should I take money out of my IRA or 401K to pay off my mortgage?

·         The difference between home equity lines of credit vs cash out refi?

·         How does amortization work and why you might want to do that instead of refinancing your loan?

Resources:

Find out more about Nathan HERE.

Follow Nathan on Instagram or Facebook. 

Read an article, Ways to Borrow When Retired from Investopedia. 

Pearl Planning is not affiliated with and does not endorse the opinions or services of Nathan Steiner or Guaranteed Rate. Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Pearl Planning does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode Melissa Fradenburg and her daughter Jackie discuss ways to talk with your kids about money. Jackie will share how she learned about money and why she is a good saver. Melissa will ask Jackie a series of questions that can help parents have meaningful conversations about money as well as instill good money behavior at a young age. 

You will learn:

• Why asking your kids about their first memory of money is a good conversation starter?
• What are some of the things your children could do differently to help with the monthly household expenses?
• Ask your Kids: What’s the difference between a “want” and a “need”?
• Should kids get an allowance for chores?
• Ask your kids: Did you ever purchase something and  later have regret?

What Resources:

Listen to a webinar replay, Talking to Your Kids about Money.

Blog post from Pearl Planning, The 3 Money Conversations to Have with Your Kids

Read an article from NPR, Want to Teach Your Kids About Money? Start By Including Them In the Conversation.

Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Pearl Planning is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...

In this episode Melissa Joy, CFP, ® and Ann Garcia, CFP®, a financial advisor and author of the popular College Financial Lady blog, discuss the FAFSA form and strategies to maximize financial aid and merit scholarships, find out how to qualify for tax credits and other benefits. If you have a student applying for college this is a must listen episode to help plan financially.

You will learn:         

• What is considered a parent asset on the FAFSA?
• How is the EFC formula calculated? 
• Why the Net Price Calculator on every college website can help you narrow down options? 
• How are the FAFSA and the CSS Profile difference?
• Why every family of a college bound student should fill out the FAFSA even if you don’t think you will qualify for financial aid.
• Why keeping student assets in Roth or 529plan can have a large impact on financial aid.
• Why paying more in taxes in a FAFSA filing year can be beneficial. 
• What is the best way for grandparents to gift money for college?
• What changes are coming to the FAFSA in 2023 and how might that change your EFC?

Resources:

• Learn more about Ann Garcia and The College Financial Lady. 
• List of documents you will need to fill out the FAFSA, FAFSA Resources by the College Financial Lady.
• Learn more about the differences between the FAFSA and CSS Profile.
•  Sign up for the College Financial Plan Masterclass course HERE.
• Are you a divorced parent filling out the FAFSA? Here is a blog for you.

 Links are being provided for information purposes only. Pearl Planning is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Pearl Planning is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional. Pearl Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

The previous presentation by PEARL PLANNING was intended for general information purposes only.  No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https...