Episode 111: College Planning for Your Kids with Beth Greulich

Episode 111: College Planning for Your Kids with Beth Greulich

Family
Family
Episode 111: College Planning for Your Kids with Beth Greulich
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This week I sat down again with Beth Greulich, CFP® to talk through how to financially plan for your kids to go to college and some tricks along the way.

Beth is a Certified Financial Planner™, Certified Divorce Financial Analyst, and Partner at Abacus.  After a career in market research, she took some time off to raise a family. As she considered what to do next, she was driven by the memory of her grandmother and her desire to help others who lacked confidence with their money management skills.

As a financial advisor, she works closely with her clients, many of whom are women, to develop a unique and personalized financial plan that solves their specific needs. It’s extremely important to her that each of her clients clearly understand and can visualize the different paths/options that lead them to their financial independence. There are many forks in the road of life, so it’s important and extremely empowering to understand the long-term impact of each decision along the way.

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

  • The main concern people have around funding education for their children
  • The first step in planning for college for your kids
  • When to start exploring college campuses
  • The importance of exploring college interests early
  • The best time to open a 529 plan
  • What it looks like to set up a 529 plan before your child is born
  • Where a college fund should rank on your financial priorities
  • What should be funded before the college savings account
  •  Considerations when thinking about college financial aid
  • The most important things for kids to keep in mind while in college
  • When to speak to your kid about financial aid available for college
  • How subsidized and unsubsidized loans can come into play
  • The amount of loan a student can take before having a cosigner
  • How to help your children feel empowered when making college decisions
  • Shop around and negotiate! Here’s how
  • How to financially plan for college if you’re unsure if you child will even attend
  • What to do if you have a surplus in your 529 plan

GET SOCIAL WITH BETH 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

Employee Benefits
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

Employee Benefits
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 96: Is Now a Good Time to Invest with Ariel Ward

Episode 96: Is Now a Good Time to Invest with Ariel Ward

Financial Planning
Financial Planning
Episode 96: Is Now a Good Time to Invest with Ariel Ward
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This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home.

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, 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. 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:

  • Why people have hesitation around investing
  • Some fears people relate investing to
  • Why you shouldn’t use the news as a guide for to invest
  • Translating the market changes to your investments
  • How risk tolerance and asset allocation play into your investment portfolio
  • Questions to ask yourself when considering different investment vehicles
  • The trend of the market over a long period of time
  • Investment vehicles for different levels of risk and what that means for your money
  • The good and bad of taking on more risk in your investments
  • Why you should understand the emotional aspect of investing
  • How a financial planner can help you navigate your capacity for risk
  • Should you invest when the markets are high?
  • How to utilize dollar cost averaging to support your emotional side of investing
  • What is meant when talking about “investing”

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 80: Breaking Financial Behavioral Biases with Daniel Crosby

Episode 80: Breaking Financial Behavioral Biases with Daniel Crosby

Behavioral Finance
Behavioral Finance
Episode 80: Breaking Financial Behavioral Biases with Daniel Crosby
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This week I sat down with psychologist and behavioral finance expert, Dr. Daniel Crosby to discuss the behavioral side of investing.

Educated at Brigham Young and Emory Universities, Dr. Crosby helps organizations understand the intersection of mind and markets. Dr. Crosby’s first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into 5 languages.

His latest work, The Behavioral Investor, is a comprehensive look at the neurology, physiology and psychology of sound financial decision-making. When he is not consulting around market psychology, Daniel enjoys exploring the American South, fanatically following St. Louis Cardinals baseball, and spending time with his wife and three children.

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

  • Why there’s such a resistance to the psychological side of money
  • How our choices are affected by externalities
  • How to identify and break the “herd mentality” in your investing
  • What the best investment portfolio looks like for you
  • Psychological tendencies that impact investment behavior
  • The importance of diversifying out of what you are comfortable with
  • Overcoming emotional connections to some of your investments
  • The balance between educating and empathizing
  • Questions to ask yourself about investments with emotional ties
  • How to take a “pre-mortem” look at your portfolio
  • The way your ego can derail your financial goals
  • The view you should take with long-term investing
  • How to prevent your emotional self from getting in the way of your investing self
  • The psychological benefit of the “set it and forget it” mentality
  • The lie many people tell themselves why they don’t need a financial planner

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH DANIEL AND LET HIM KNOW YOU HEARD ABOUT HIM 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

Employee Benefits
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 68: The Power of Story in Teaching Investments with Kelly Klingaman

Episode 68: The Power of Story in Teaching Investments with Kelly Klingaman

Financial Planning
Financial Planning
Episode 68: The Power of Story in Teaching Investments with Kelly Klingaman
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This week I sat down with Regional Director at Dimensional Fund Advisors, Kelly Klingaman on investments.

Kelly works with advisors from across the US on investment, messaging, and business development issues in order to sustain, improve, and grow their practice. She is also a frequent speaker for Dimensional’s live video webcast content and virtual programs. Kelly graduated from the University of Texas at Austin’s McCombs School of Business with a finance degree and a concentration in investment management. She also holds the CERTIFIED FINANCIAL PLANNER™ designation.

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

  • Kelly’s background with investments and her field of expertise
  • What is meant when people refer to “the market”
  • How a jar of jelly beans can explain how the “market’s work”
  • The challenge people face when trying to time the market
  • Stocks, bonds, mutual funds broken down
  • The meaning behind different portfolio allocations (60/40, 70/30, etc.)
  • What a mutual fund is made up of
  • The difference between value and growth investing
  • What the aggregate market has shown for value/growth stocks
  • Which is the riskier investment, value or growth stocks, and why
  • What you need to know about expense ratios
  • Costs to be aware of when buying mutual funds
  • What you’re paying for in fund fees
  • What implementation costs could do to your portfolio over time
  • The key difference between active management and passive management
  • A type of fund that shows low fees is not always the best option
  • What “evidence investing” is and how it benefits investors
  • A comparison of index fund management and evidence investing using a trip to the grocery store
  • The best way to reduce risk across your investment portfolio

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

Episode 32: How to Stop Being a Broke Millennial with Erin Lowry

Episode 32: How to Stop Being a Broke Millennial with Erin Lowry

Behavioral Finance
Behavioral Finance
Episode 32: How to Stop Being a Broke Millennial with Erin Lowry
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This week I sat down with millennial money expert and author, Erin Lowry.

Erin Lowry is a millennial personal finance expert and the founder of BrokeMillennial.com. She’s also the author of “BROKE MILLENNIAL: Stop Scraping by and Get Your Financial Life Together.” Lowry has contributed to Forbes, Business Insider, New York Magazine’s The Cut and U.S. News & World Report. Some of her insights have been featured by outlets including: CNBC, Fox & Friends, CBS Sunday Morning, USA Today, Wall Street Journal, Newsweek and Marketplace Money. Lowry lives in New York City with her spunky rescue dog Mosby.

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

  • Why your money story doesn’t always have to be from “rags to riches”
  • Questions to ask to confirm you have a gold star in personal finance
  • What backwards planning is when it comes to your money
  • Some of the roadblocks Millennials are facing when it comes to their finances and how to overcome them.
  • Considerations for starting today instead of delaying for the future and how compound interest works in your favor.
  • How your parents and family have influenced your thoughts and beliefs around money.
  • How social media has helped in aiding conversations about money.
  • Whether Millennials are scared of the stock market and where the real issues are.

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

Episode 80: Breaking Financial Behavioral Biases with Daniel Crosby

Episode 13: The Laws of Wealth and Psychology of Money with Daniel Crosby

Behavioral Finance
Behavioral Finance
Episode 13: The Laws of Wealth and Psychology of Money with Daniel Crosby
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DO MY THOUGHTS AROUND MONEY AFFECT MY SPENDING HABITS?

This week I had the chance to chat with Dr. Daniel Crosby, a behavioral finance expert.

Dr. Daniel Crosby is a behavioral finance expert, a sought after thought leader on market psychology, and the founder of Nocturne Capital. Dr. Crosby created the sentiment and valuation measures that serve as the overlay for Nocturne’s tactical strategy. His ideas have appeared in the Huffington Post, Think Advisor, and Risk Management, as well as columns for WealthManagement.com and Investment News.

Daniel was named one of Investment News “40 Under 40” and a financial blogger you should be reading by AARP. Daniel’s second book, “Personal Benchmark”, co-authored with Charles Widger of Brinker Capital, was a New York Times bestseller that outlines a highly personalized approach to investing that aligns intention with action while fostering an investment experience that is both enjoyable and rational.

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

  • What simple decisions are predictors of whether or not you reach your goals.
  • Why people who work with an advisor do better with their finances than those who don’t.
  • The number one thing people can do to streamline their investments.
  • How your ego is impacting your financial picture.
  • The impact establishing and following money rules can have in meeting your financial goals.
  • Why we think that money needs to be sexy (when it really doesn’t).

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH DANIEL AND LET HIM KNOW YOU HEARD ABOUT HIM HERE!

ENJOY THE SHOW?