Cyber Security in the Age of Accelerations

November 15, 2017

The data breach at Equifax, which exposed at least 143 million people’s financial data, is a symptom of the Age of Accelerations. Accelerations in globalization and technology are enabling thieves to be ever more sophisticated in their crimes. If even a company where data security should be paramount can be compromised, how are far less sophisticated consumers to protect themselves? Until the system changes, it is on us to protect ourselves. Read more

Recovering from the North Bay Fires

October 30, 2017

With over 100,000 people displaced by the North Bay fires, chances are even if you weren’t directly impacted by them, you may know someone who was. Recovering from a catastrophic loss of this nature is complicated by the emotional challenges of grieving from the loss. We’ve included some tips below to help begin the long road to recovery, gathered from survivors of previous fires and insurance experts. Read more

Tanya Steinhofer was Awarded the 2017 Heart of Financial Planning Award

October 9, 2017

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.

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Is Winning the Lotto All It’s Cracked Up to Be?

September 7, 2017

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.

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How to Make Summer Really Count

June 1, 2017

With summer vacation around the corner, you might be wondering how you will keep your kids occupied all summer and not hear, “I’m bored”, constantly. While figuring out what to do on their own has its own benefits, if you’d like to offer them some helpful ideas, here are a few activities that can help them learn something useful, too. Our job as parents is to raise independent, responsible adults and our time with them is fleeting, so it’s important to maximize every teachable moment.

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Paying for College without Bankrupting the Retirement Plan

May 1, 2017

This time of year, parents of high school seniors may find themselves experiencing dual emotions related to their kids – pride over the top-tier colleges their child has been accepted to and shock over how much it’s going to cost. Another emotion might quickly set in for those who haven’t saved enough for college – panic over how in the world they are going to pay for their child’s dream college. With the average annual all-in cost of a private university now approximately $50,000 and some elite schools in the $70,000 range, many people can’t easily pay for college out of cash flow. What’s the panicked parent to do?

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It’s Time to Get Serious About Financial Literacy

April 1, 2017

April is financial literacy month. Financial literacy is an understanding of money – how to make it,
how to manage it, how to invest it, and how to give back. Understanding money and how it works has
never been more important. The collective debt burden of United States citizens is $11.5 trillion dollars. This is 75% of US GDP. Only the United States and European Union have a consumer debt-to-GDP ratio this high. College loan debt is on the rise and now totals over $1 billion dollars. 38% of adults don’t think they’ll have enough to retire. Since 1 in 3 people have no retirement savings, they’re probably right.

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Taking the Tax Bite Out of Raising Kids

March 1, 2017

Raising kids is expensive. By my estimate, it can cost close to $500K to raise a child, including college, in expensive parts of the country like the Bay Area. So, it’s helpful to know that there are certain tax advantages to having kids. A few of the more common ones are outlined below.

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