Women's Money Wisdom

In this episode Melissa Fradenburg financial advisor, RJFS covers common financial questions that come up in the divorce process with family law attorney, Anthony Urbani II J.D. and Realtor, Jennifer Adlhoch, Esq. Divorce is an emotional process in which many important financial decisions need to be made. These decisions can have lasting impact on an individuals’ financial health and ability to build wealth well after the divorce is finalized. Through years of experience helping clients navigate both the legal and the home buying/selling process, our guests will cover some of the common mistakes as well as key financial aspects you should consider in divorce.

You will learn:

·       What legal tools do attorneys have when it comes to finances when it is suspected one party is hiding assets in divorce.

·       The three elements of “equity” when it comes to division of assets in divorce.

·       Why you should have market analysis done on the marital home before deciding on selling or staying in the house in a divorce.

·       Why you should not ignore the section of your degree that addressing the QDRO process.

·       What factors should you consider when it comes to keeping or selling the marital home?

·       What steps you need to take after the divorce decree is final with a Qualified Domestic Relations Order (QDRO).

·       Are you eligible for financial support from your spouse during the divorce process?

 Resources:

Read about Anthony Urbani II HERE.

Find out more about Urbani & Marshall, P.C.

Connect with Jennifer Adlhoch on LinkedIn or at https://www.adlhoch.com/agents.htm.

Register for Webinar on Financial Considerations in Divorce HERE. 

 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 and its advisors do not provide legal advice. Please be sure to consult with the appropriate legal professional with regards to your situation. 

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 Anna N'Jie-Konte, MBA, CFP® talk about the importance of financial planning for entrepreneurs. Anna is the founder of Dare to Dream Financial Planning , and specializes in working with high-earning women and entrepreneurs of color, who want to build generational wealth. 

You will learn:

·       How to give yourself permission to pay yourself as a business owner.

·       Why it is important to know the appropriate amount of cash value in the business to put on your personal balance sheet?

·       Why you need to view your business as an asset not just something you’re “doing.”

·       How often you should have a business evaluation done.

·       Understanding your business structure and how to pay yourself.

Resources:

Find out more about Dare to Dream Financial Planning. 

Get a copy of Anna’s Entrepreneurs Guide to Financial Management.

Follow Anna on LinkedIn, Instagram, or Twitter.

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 Fradenburg, Financial Advisor, RJFS and Karen Dybis discuss creating a budget. Karen is a published author, journalist, and self-proclaimed finance nerd. Her passion for budgeting and experience as a retail reporter make Karen the perfect guest to discuss how to create a budget. She has found ways to celebrate success along the way and create friction on her savings to make budgeting more fun and easier to stick to over time. If you want to get spending under control but have not had success in the past, this is a must listen episode.

You will learn:

·       How to create individual sinking funds. 

·       How to get into the budget mindset if it doesn't come naturally. 

·       The importance of giving your money a little friction. 

·       The best apps to help reach your savings goals.

Resources: 

·       Find out more about Quapital.

·       Apps like Everydollar or MINT

·       50-30-20 method

·       YNAB list of financial goals

·       Order a copy of Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want by Rachel Cruze.

·       Dave Ramsey’s 7 Baby Steps.

·       Follow Frugal Woods HERE.  

·       Learn more about Karen’s work on her website. 

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 Fradenburg, Financial Advisor, RJFS, and Shana Sine Cameron, Realtor® with Sine & Monaghan Realtors Real Living, discuss the current fast paced sellers-market and how you can increase the probability of having your offer accepted in a market where bidding wars have become common place. Shana Sine Cameron has over 25 years of experience in the Real Estate business, is consistently a top producer in the Grosse Pointe area and was awarded HOUR Detroit’s Top 5% of Realtor® for 2020-2021. She knows a home sale is one of the most important financial transactions people make. 

You will learn:

·       How did we end up in this current sellers-market?

·       How an escalation clause in an offer works.

·       Why an appraisal guarantee can help improve your chances of an accepted offer in this competitive market.

·       Why you might not want to waive the home inspection.

·       How do you know what items you can compromise on when it comes to your wish list?

Resources:

Find out more about Shana Sine Cameron.

Follow Shana on Instagram.

Watch the Holderness family video on the current market HERE.

Read more about an Escalation Clause.

Read about Shana in Hour Detroit.

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 Fradenburg, Financial Advisor, RJFS, and Joe Tiberi, licensed, multi-line insurance agent and owner of The Tiberi Agency in Ann Arbor, MI discuss the recent water damage issues and some common questions with coverage and filing claims. 

 You will learn:

• Most basic homeowners policies do not cover flood damage.
• What is the difference between flood insurance and drain backup coverage?
• How to tell which type of water damage you can claim.
• Going forward what coverage might you want to consider?
• What you can expect if FEMA steps in to help.

 Resources:

 Read more about Joe Tiberi and The Tiberi Agency

 Tips to prepare for flooding and Severe Weather from Michigan Department of Insurance and Financial Services.

 National Archives: Emergency Salvage of Flood Damaged Family Papers 

 FEMA: Salvaging Water-damaged Family Valuables and Heirlooms 

 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 Maya Philipson, Co-Founder of Adasina Social Capital, discuss an investing strategy intended to organize investors to stop giving their dollars to companies that exacerbate racial, gender, economic and climate inequities. Maya and her partner, Rachel Robasciotti, launched Adasina Social Capital as a company dedicated to serving as a bridge between social justice movements and financial markets in 2020. Listen to this episode to find out about his unique investment screening process and what this could mean for our industry. 

You will learn:

·       How a community screening model works.

·       What the process for looking at companies and their impact on communities means for investors.

·       How partnerships with social justice organizations that represent communities most impacted by systemic inequities can help identify investment opportunities. 

·       How environmental issues and racial inequities are related.

How we Resources:

Find out more about Adasina Social Capital. 

Press on launch of Adasina Social Capital.

Connect on LinkedIn, Twitter, and Facebook.

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 Dr. Tracy Brower PhD. discuss the secrets to happiness at work. Dr. Tracy Brower is a PhD sociologist studying work-life fulfillment and happiness. She is the author of a new book, The Secrets to Happiness at Work as well as her previous book, Bring Work to Life by Bringing Life to Work. She is a principal with Steelcase’s Applied Research + Consulting group and a contributor to Forbes.com and Fast Company. Tracy is an award-winning speaker and has over 25 years of experience working with global clients to achieve business results.

You will learn:

·       How we choose to create happiness in our work life through the ups and downs.

·       How do we frame our thinking toward joy?

·       The importance of gratitude in our daily lives.

·       Why the idea of having to make all the right choices in-order to be happy is a myth.

·       What is happiness inflation?

·       The importance of your “why” and “what is important to you?” when it comes to work.

Resources:

Find out more about Dr. Tracy Brower, PhD. HERE.

Follow Dr. Tracy Brower, PhD. LinkedInor Twitter

Order a copy of The Secrets to Happiness at Work as well as Tracy’s previous book, Bring Work to Life by Bringing Life to Work.

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...

Melissa Joy, CFP® is joined by Marina Hernández, EA, CFP®, CEPA™, a US/Swiss Crossborder Wealth, Tax & Value Advisor and fee-only wealth and tax advisor for families with US and Swiss ties through Dynamic Wealth Advisors. Marina also runs The Crossborder Academy and The Crossborder Planner as public benefit initiatives providing educational tax planning resources for US immigrants and expats. In this episode Marina and Melissa discuss the complex financial issues expat families must consider.  

You will learn:

• Do I still need to file taxes in the US if I move abroad for work?
• The US practices citizenship-based taxation.
•  How are retirement accounts opened overseas handled here in the US? 
• What type of assistance do corporations offer for tax preparation? 
• What is the difference between foreign tax credits and foreign income exclusion?

Resources:

• Find out more about Swiss American Wealth Advisors.
• Learn how to connect with Marina Hernandez.
• Read additional information for expats in Marina’s BLOG.

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 Fradenburg is joined by Alexa Kane, CFP®, Financial Advisor with Pearl Planning, to discuss life insurance basics. Life insurance helps provide some financial protection while you are building wealth, but often people are under-insured and unsure how to protect themselves. We try to simplify the terms and answer some of the common questions in this informative episode. 

We will discuss:

·       Who needs life insurance?

·       What is the most affordable life insurance option?

·       How much life insurance coverage do I need? 

·       If I have coverage through work is that enough?

·       What is the process to get life insurance? 

Additional Resources:

·       More information on Term Life Insurance.

·       Find out more about Alexa Kane, CFP® HERE.

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, RJFS, and Jill Carr, CFP®, CPA, Financial Advisor at Stephens Wealth Management, discuss ways to save for your children’s college education. In addition to her experience as a financial advisor, Jill is a Certified Public Accountant, previously worked for the IRS, and is currently saving for her two children's college education. They talk about the advantages of one option over the others and debunk some of the myths they hear about college savings vehicles. If you have not started to save yet—do not panic. Listen to this episode and make a plan. 

 You will learn:

·       What type of accounts can be used to cover college costs?

·       Should I fill out a FAFSA form even if I have money saved? 

·       What are my options with 529 savings if my child gets a scholarship?

·       Do I need to use the state 529 plan for the state that I live in? 

·       Can I use a Roth IRA to save for my child’s education? 

 Resources:

Follow Jill’s Journal HERE.

Compare various 529 plans.

JPMorgan college planning essentials.

 Options for Michigan residents HERE.

 
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 does not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional. As with other investments, there are generally fees and expenses associated with participation in a 529 plan. There is also a risk that these plans may lose money or not perform well enough to cover education costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. The tax implications can vary significantly from state to state.

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...