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Financial Differences Between Marriage And Domestic Partnerships
I was recently speaking with a woman who is in committed relationship, but there is a significant asset and income disparity between her and her partner.
She wants to take the next step in their relationship but worries about all the legal and financial ramifications that come with marriage, so we discussed the possibility of a domestic partnership.
Here are the financial and practical considerations in choosing between marrying your partner and choosing a domestic partnership.
How To Choose The Right Amount Of Insurance Coverage
I recently met a woman who, despite having a great career and a high income, could not afford to save money for the future because a variety of insurance policies were costing her thousands of dollars per month. Risk averse investors often tell me one can never have too much insurance coverage, but I would contend that isn’t the case. This is how to make sure you are balancing an appropriate amount of risk management with cost to achieve the appropriate amount of insurance coverage.
Should You Upgrade Your Home Or Invest Your Money Elsewhere?
If you’re facing a decision to upgrade your home or invest in financial markets, here is how you can weigh the decision of whether to upgrade your home or invest your money in financial markets.
Where Commodities Have A Place In A Growing Investor’s Portfolio
In times of economic and political uncertainty, I often see investors turning to commodities. Types of commodities can range from precious metals like gold, to agricultural products, to energy resources. Their prices are all tied to something physical, whereas the stocks in other sectors may not be. If you’re an investor looking to grow your assets over time, it’s critical to understand were commodities may have a place in your portfolio.
Who Is Affected By The Social Security Fairness Act And What To Do Next
The Congressional Research Service found that by the end of 2023, more than 2 million Social Security beneficiaries had their retirement incomes reduced because of two programs: the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). The Social Security Fairness Act, which was signed into law on Sunday, eliminates this benefit reduction.
Who is affected by this change and what comes next?
MY BOOK
I seek to make personal financial planning less scary.
This book provides a simple guide for working through life's biggest financial questions facing couples in their 20s, 30s, and early 40s today. It starts with goals-based planning around topics including retirement planning, education planning, and major purchase planning. It then walks through some basics of investment management, options for how to invest, behavioral finance, and pitfalls to avoid. Lastly, it discusses risk management and insurance.
If you are not sure where to start, this book may provide some clarity.