Redwood Grove Wealth Management is pleased to announce that Tanya Steinhofer was awarded the 2017 Heart of Financial Planning award by the Financial Planning Association (FPA). The Heart of Financial Planning Award recognizes financial planning professionals, firms and organizations that demonstrate remarkable commitment and passion to contribute or give back to the financial planning community and/or public.
A Massachusetts woman recently won the biggest lottery prize in US history – $759 million. She did what many lottery winners do and contrary to what most financial planners would advise, which is to quit her job and take the prize as a lump sum of $480 million before taxes, instead of installments over a period of years.
As the US presidential election cycle enters its final days leading up to the election on November 8th, it’s hard to avoid all the “experts” opining on the impact of the elections on the investment markets. Some may wonder if they should somehow change their portfolio in light of election results.
Given the ever-increasing cost of college and that 72% of undergraduates take out student loans to help pay for college, it’s worth understanding the student loan choices.
Every summer when I spend a week or two in Tahoe for vacation with my family, I fantasize about owning a cabin there. This summer, I decided to analyze what it would actually take to make this dream a reality.
Given the many competing demands on our money, many parents find themselves in a panic when their kids enter high school and they realize they have very little saved to pay for college. With the average annual cost of a private university now exceeding $45,000 and the average cost of a public university close to $25,000, most people can’t easily pay for college out of cash flow.
With the average cost of a private college now exceeding $45,000 and the average cost of a public university close to $25,000, you might wonder if sending your kids to college is still a good investment. Recent research indicates it still is.
I recently attended the Wisdom 2.0 mindfulness conference in San Francisco and wondered what connections I could draw from the conference to my financial planning work with clients. After some reflection, I think it comes down to purposes and leading a fulfilling life.
While it is often said that money can’t buy you happiness, it is also true that getting your financial house in order and having a clear idea of your goals and how you plan to get there can improve your mental well-being and reduce the stress in your life. And we know that a reduction in stress can lead to better health, and better health leads to happiness.
Those who know me know one of my passions is inspiring women to take financial responsibility for their lives. We live in a culture where girls are discouraged from taking an interest in math, finance and investing, yet women control more and more of the wealth in this country.