This article originally appeared in Forbes.com. Social Security retirement benefits are most Americans’ retirement income foundation. Given their importance, you might think that everyone would know exactly how their retirement benefit is calculated. If I were a betting person (which I’m not), I’d be willing to wager that almost no one does. The SSA (Social[Learn more…]
Financial Planning Basics
How Will the CARES Act Affect You and the Economy?
Fighting COVID-19 is pricey. Social distancing and quarantines have stalled the economy. The CARES Act seeks to mitigate costs for business and individuals.
Financial Planning for Young Adults
Often, people don’t start planning for retirement until later in life. To get the best results, it’s wise to begin financial planning young.
Getting the most out of Social Security
At Sensible Financial we spend a lot of time thinking about and advising on Social Security. A search on our website yields over a dozen articles. For most Americans, Social Security is their largest asset. (If it is not your largest asset it is still likely to be a very large asset). Choosing when you[Learn more…]
My parents involved me in the financial aid process and it paid off.
It’s July, close to the beginning of college search season for high school juniors and seniors. I looked at colleges 6 years ago, and there were several aspects of my search that I found valuable: starting research early, discussing financial parameters with my parents, and applying to a broad, varied list. Maybe my experience will[Learn more…]
Should you buy a used car? If so, how old?
How much you spend on vehicles over your lifetime can be significant. The more you spend, the fewer financial resources you’ll have in your lifetime budget to spend on other needs and wants. In my previous article, I looked at the financial impacts of buying new versus leasing. In summary, leasing and re-leasing a new[Learn more…]
Protecting your legacy in case of an adult child’s divorce
Recently, a client came to us with a problem. He had amassed a healthy portfolio and planned to leave it to his two children. He was worried that his daughter’s impending divorce might leave her portion of the inheritance vulnerable to her soon-to-be ex-husband. How do you protect your assets — and your children —[Learn more…]
