The Financial Independence Blog

Smart Holiday Spending Decisions Begin With Honest Conversations®

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Before heading out to shop for gifts, consider your motivation to buy in the first place.  Are you purchasing gifts because it’s something important to you and makes you feel good, or because you believe it’s expected of you? Explore your underlying motivations.  There is no right or wrong; however, determining your purpose or motivation […]

Strategies for a Healthy Financial Future for Stay-at-Home Moms

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Originally published on ShriverReport.org – April 18, 2014 The findings of a new Pew Research report are quite contrary to what had seemed to be the rise of more women either entering or already in the workforce. According to the study, up until 1999, the number of stay-at-home mothers was declining significantly since 1967, when […]

The Impact of Divorce on Retirement

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In my bestselling book, Prince Not So Charming, I urge women to empower themselves to be financially independent because their Prince Charming could die, become disabled, or become a jerk.  They need to protect themselves for a financial future on their own someday- especially in retirement- even if happily married.  The follow are some statistics […]

What couples can do to get off to a good start as newlyweds

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As a CFP® practitioner, I frequently meet with couples that, prior to our work together, have failed to discuss what money means to each of them. When couples fail to share their feelings and beliefs when it comes to money, it leads to misunderstandings and conflict. In addition, partners may become defensive when they feel […]

The Robo Threat on Adviser’s Assets Intensifies

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Originally published on Newsmax.com – March 18, 2016 Vanguard’s Robo has quickly taken the lead devouring over $16 billion in new assets, plus another $10 billion from their own legacy advice offering. As the giant continues to gather market share, more Robos will also enter and further compress pricing in the entire industry.  However, their […]

The Robo Hype

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Originally published on Newsmax.com – June 12, 2015 Like most things, it is human nature to jump on the latest new fad – especially if marketed as something “cheaper and better”.  The popularity of Robo-Advisers is just that.  It is the industry’s response to the price compression experienced by most investment advisory firms.  However, the ability […]

Revolutionizing the Financial Services Industry

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Originally published on Newsmax.com – May 13, 2015 People searching for financial advice have a difficult time differentiating between a broker at a wire- house, as opposed to an independent adviser who is held to a fiduciary standard, providing guidance on a person’s entire financial life.  I know because I have spent the last twenty […]

Financial Factors to Consider Before Remarrying

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When two families join forces, “there’s a financial implication around every corner.” Compounding these complex family dynamics, many couples start their marriages with unequal resources and very different attitudes about spending. If one person is a saver and begins a relationship with a spendthrift, the potential for strife is significant. With children in the mix, […]

Do Women Make Better Investors?

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Originally published on Newsmax.com – April 4, 2015  Historically, societal and cultural norms taught women to grow up believing that men should make the financial and investment decisions. Thus, given the messaging that a vast majority of women have received, it is not surprising to see that according The Journal of Financial Planning, 47% of women said […]