Episode 116: What Do I Do After I Max out my 401k with Ariel Ward

Episode 116: What Do I Do After I Max out my 401k with Ariel Ward

Employee Benefits
Employee Benefits
Episode 116: What Do I Do After I Max out my 401k with Ariel Ward
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Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Options to save after you’ve maxed out your 401k
  • 401k limits for singles and married couples
  • The definition of a backdoor Roth IRA and some considerations around it
  • Income limitations for Roth IRA
  • What you should have set up before doing a backdoor Roth IRA
  • Why you should work with a financial planner if interested in the backdoor Roth
  • Tax considerations when utilizing the backdoor Roth IRA
  • When to begin contributing to a 529 Plan and how much
  • What to look for when investing in a taxable account
  • What capital gains taxes will look like based on income and time
  • How to take advantage of a Health Savings Account (HSA)
  • Some ages to keep in mind if you are utilizing an HSA
  • How you should prioritize your savings goals

GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 108: How to Invest Intentionally with Lindsey Woodward

Episode 108: How to Invest Intentionally with Lindsey Woodward

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Employee Benefits
Episode 108: How to Invest Intentionally with Lindsey Woodward
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This week I sat down with Lindsey Woodward, CFP® to talk about how to align your money with your values by investing intentionally. 

Lindsey is a financial advisor at Abacus Wealth Partners, which provides fee-only, comprehensive financial advice to help individuals, families and foundations. Lindsey is dedicated to helping the people she works with align their money with their goals and values. She serves on the Abacus Wealth Partners Investment Committee and is a co-leader of the Los Angeles chapter of WISE (Women Investing for a Sustainable Economy).

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What is meant by “values informed” investing
  • Where to get started with investing intentionally
  • How Environmental, Social and Governance (ESG) play a role in investing
  • The reason a portfolio is screened
  • Comparing and contrasting divestment, investment and engagement
  • How to engage with companies you own shares in
  • Tools for you when investing intentionally
  • Different platforms and portfolios you can invest intentionally
  • Action items to increase ESG options within your 401k
  • What to consider when using your brokerage accounts with ESG portfolios
  • The different types of holdings you should have in your portfolio
  • The biggest benefit of investment diversification
  • How to align your money with your values if you don’t have money to invest right now
  • How you can bank responsibly through a Community Development Financial Institution (CDFI)
  • How micro-loans play in an overall financial strategy
  • A myth attached to ESG funds

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH LINDSEY AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 107: Navigating Your Employee Stock Options with Laura Morganelli

Episode 107: Navigating Your Employee Stock Options with Laura Morganelli

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Employee Benefits
Episode 107: Navigating Your Employee Stock Options with Laura Morganelli
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This week I sat down with Laura Morganelli, CFP® to talk about how to handle employee stock options and some of the things to be aware of if and when you decide to exercise those options.

Laura joined Abacus Wealth Partners in 2015. With over 7 years of experience in personal finance, her main goal is to bring a sense of peace in people’s financial lives. She recognizes that financial planning and investment management topics can sometimes feel complex and scary and is passionate about providing guidance and education in simple, human, and enjoyable ways. Laura lives in Philadelphia. When she is not nerding out over Excel spreadsheets or burying her nose in a book, she can be found at the dog park with her pup, Bella, working out, enjoying happy hour and trying new restaurants with friends, or traveling to new cities. 

Family is also important to her, considering their influence is a big part of who she is today. As a child her parents often told her “If you love what you do, you’ll never work a day in your life.” Those words have stuck with her over the years. Her eagerness to build knowledge, coupled with her love of meeting new people, has made financial planning the perfect fit.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What stock options are and what you can or can’t do with them
  • Exercise price, stock price, vesting dates, grant dates, and more explained
  • What exercising your stock options looks like
  • Different avenues for exercising your shares
  • The role taxes play upon exercising your options
  • What a spread is and how it can impact your taxes and compensation
  • The difference between non-qualified and incentive stock options
  • Capital gains tax considerations
  • Considerations for holding versus selling options
  • A common misconception to be aware of
  • The benefits of being awarded stock options and how they can enhance your life
  • Vesting schedules
  • What to be cautious of regarding expiration dates

GET SOCIAL WITH LAURA AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 69: Top Investment Mistakes You Could Be Making with Ariel Ward

Episode 69: Top Investment Mistakes You Could Be Making with Ariel Ward

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Employee Benefits
Episode 69: Top Investment Mistakes You Could Be Making with Ariel Ward
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Investment mistakes can have a long lasting effect on your financial well-being and is something we want to help you avoid!

This week I sat down with one of Workable Wealth’s very own Financial Planners, Ariel Ward, CFP®.

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner. She has 10 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals in their 20s-40s understand their financial lives and make better decisions with their money.

Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Ariel came to join the Workable Wealth team
  • Ariel’s experience as a Financial Planner and what she brings to the team
  • Investment mistakes Workable Wealth has seen with clients that we want to help you avoid
  • How expense ratios effect your investment
  • The expense ratios Workable Wealth likes to target
  • Why too much cash on hand can be a weakness
  • The risk of holding too much cash
  • The best way to avoid concentration risk
  • The two industry sectors people focus a lot of their allocations on
  • The explanation of diversification through the use of boats in a bay
  • The risk of having too many accounts spread across multiple brokerages
  • A few account consolidation tricks that could benefit your investment accounts
  • Why the lack of clarity around your portfolio can be costly
  • An explanation of short and long term gains
  • When and how much taxes you would be paying on gains
  • How to capitalize on losses from year to year
  • An important reason to be participating in your company’s 401K plan
  • The reason for contributing to a 401K plan over a whole life policy

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 58: Analyze Your Paycheck Like a Financial Planner

Episode 58: Analyze Your Paycheck Like a Financial Planner

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Employee Benefits
Episode 58: Analyze Your Paycheck Like a Financial Planner
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HOW DO I BETTER UNDERSTAND MY PAYCHECK?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above question.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What I see when looking at your pay stub and how I use it to leverage and understand what’s happening with your money.
  • What to look at first when analyzing your paycheck to avoid confusion.
  • The difference between your gross pay and your net pay.
  • The importance of knowing if you’re paid monthly, biweekly or twice a month and how it impacts your budgeting.
  • What exemptions are on your pay stub and how it saves you taxes.
  • How your withholdings impact your paycheck and your annual tax refund (or amount owed).
  • What to aim for when electing your withholdings.
  • How (and when) to adjust your W-4.
  • The importance of knowing what state and local taxes are being withheld.
  • Who FICA is and why they take so much of your money.
  • What you pay in taxes as a sole proprietor and the impact on your cash flow.
  • Where to find employee benefits that you may be missing out on.
  • How to determine what you’re contributing to your employer sponsored retirement plan.
  • The tax advantages of a Flexible Spending or Health Savings Account.
  • Other employee benefits that can help you improve your financial situation.
  • Which deductions you can and can’t change.

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

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Episode 19: Maximizing Your Benefits & Team Leadership Skills with Ashley Cox

Episode 19: Maximizing Your Benefits & Team Leadership Skills with Ashley Cox

Employee Benefits
Employee Benefits
Episode 19: Maximizing Your Benefits & Team Leadership Skills with Ashley Cox
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This week I sat down with human resources pro and founder of sproutHR, Ashley Cox.

Ashley Cox is the HR Partner for Creatives at sproutHR, where she helps you hire, train and lead your thriving team, all with confidence and heart. Ashley can help you create a simple, actionable plan to hire your first team member, provide guidance and resources on training and leading your team, and work with you one-on-one to create strategic, long-term plans and programs suited specifically to your business.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What you might be overlooking in your benefits and compensation
  • What your total compensation entails
  • The qualities to look for when you’re searching for team members
  • Why your core values matter
  • How to establish yourself while also staying within a company’s core values
  • How to gel with someone isn’t quite a fit for your team but has been placed on your team
  • The qualities and traits of a thriving team

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH ASHLEY AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 05: From Smart Mom to Rich Mom with Kimberly Palmer

Episode 05: From Smart Mom to Rich Mom with Kimberly Palmer

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Employee Benefits
Episode 05: From Smart Mom to Rich Mom with Kimberly Palmer
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This week I had the chance to chat with Kimberly Palmer, author of Smart Mom, Rich Mom.

Kimberly Palmer is the author of “Smart Mom, Rich Mom: How to Build Wealth While Raising a Family.” She is a financial journalist living in Washington, DC with her family, including two children.

WHETHER YOU’RE A PARENT OR NOT, HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The statistics behind women handling their own finances.
  • How to get started with automating your financial education.
  • Why a basic financial foundation is needed before jumping in to understanding your investments.
  • The #1 thing needed to come together as a couple and a family to get on track financially.
  • Where to start with teaching your children about money and the power to stories.
  • When and why you should talk to your own parents about their financial situation.
  • What you should do now to start planning for care for your aging parents.
  • Creative ways to leverage employee benefits.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH KIMBERLY AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?