Designating a Beneficiary for Life Insurance
It’s Life Insurance Awareness month. We’ve all heard how important it is to get life insurance. Don’t wait until it’s too late. Make sure you do diligence and plan now. It is also important to make sure your beneficiary is up to date. A beneficiary is the person or entity you name (i.e., designate) to […]
How Women Are Different from Men, Financially Speaking
We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes. In the financial world, women often find themselves in very different circumstances than their male counterparts. Everyone wants financial security. Yet women often face financial headwinds that can affect […]
Women: Moving Forward Financially after the Loss of a Spouse
The loss of a spouse can be a devastating, life-changing event. Due to longer life expectancies, women are more likely to face this situation. Becoming a widow at any age can be one of the most difficult challenges a woman must face. Not only is there the emotional loss of a spouse, but also the […]
Is It Time to Declare Your Financial Independence?
No matter how much money you have or which life stage you’re in, becoming financially independent starts with a dream. Your dream might be to finally pay off the mountain of debt you’ve accumulated, or to stop relying on someone else for financial support. Or perhaps your dream is to retire early so you can […]
Designing a Benefit Package for Your Small Business
If you’re a small business owner, you face many challenges in growing your company. One of them is recruiting and retaining the best talent for your needs. When your primary goals are managing costs and increasing revenue, how do you sufficiently entice new recruits and reward current staff members for continually putting their best efforts […]
Case Study: One Couple’s Financial Success Story
In 2017 Serena and Jim came to see me. Serena owned her own business. Jim was a lawyer who worked for a well-respected firm in Buffalo. The Problem Jim and Serena were $55,000 in debt, not including their mortgage. Each month they would pay the minimum amounts, which equals $14,632 a year. Since their minimum […]