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How to Create Your Own Financial Plan (Part 2)
We had a successful first day of school (daycare) on Monday, so we are off to a good start. I, for one, did not handle it well, but I know Emmy will be fine and this is the best thing for her developmentally. She came home with her...
Read MoreHow to Create Your Own Financial Plan (Part 1)
As we enter August, many parents will be deciding what to do with their children for the new school year. Most towns will help make that decision on whether it is in person, virtual learning, or a combination of both. For those with...
Read More3 Ways To Reduce Your Tax Bill
Tax day is officially behind us and hopefully you have taken advantage of any opportunity to lower your tax bill. Each year when you send your W2 or 1099 over to your tax accountant, he or she enters the information into tax planning...
Read MoreSHOULD I MAX OUT MY 401K?
HAPPY SUMMER EVERYONE! I spend most of winter complaining about the cold and snow, so to say I am excited about summer would be an understatement. Unfortunately, now you get to listen to my complaints about the humidity! Oh, the joys...
Read More3 Financial Moves for New Parents
My wife and I welcomed our baby girl, Emmy, almost 17 months ago and it has been an amazing and eye-opening experience. Life just isn’t about us anymore and we are VERY okay with it. Oh sure, I didn’t love the time she...
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A Lesson to Be Learned
It goes without saying that Spring 2020 has been quite challenging for most individual investors. The economy looks as if it will contract at historic levels, which follows the end of an 11-year bull market sending the S&P 500, a...
Read MoreBack to Basics: Financial Planning
My wife and I took our daughter, Emmy, for her 15-month health check up the other day. After her doctor finished the assessment, she told us that Emmy is a very healthy little girl and that she is still in the 98th percentile for...
Read MoreBreaking Down the $2 Trillion Stimulus Package
I want to start off by saying thank you to all of the healthcare professionals who are leading this fight against COVID-19. I could not be prouder of my wife who walks into her NYC hospital each day ready to help the countless...
Read MoreThe Corona
Well, things officially got real. We were all instructed to practice social distancing and isolation for the foreseeable future, which is not something I ever expected to type, say, think, or do. Admittedly, I did not think this would...
Read MorePay Off Debt vs. Saving
We have a walker! My 13-month-old daughter, Emmy, decided she was ready to move from four legs to two by walking this past week. She’s still doing the Frankenstein, of course, walking with her hands out front, but every day Emmy...
Read MoreWhat to do with my investments during the next market downturn?
Boy, have the last 10 years been good! Since the S&P 500 bottomed out on March 9, 2009, it has averaged 17.4% annually. To put that into perspective, the S&P 500, which is an index that tracks the performance of the 500ish (there's...
Read MoreWhat to do with your 401k when you leave a job?
For some people, changing jobs is an annual occurrence, such as my one friend who has been employed by every major bank since leaving college a decade ago. For others, it is stressful and unnerving. You might have gotten laid off or on...
Read MoreRetirement Planning with a Corporate Job: 401k vs Traditional IRA vs Roth IRA
I remember my first real job after my “brief” baseball stint post college. It was at Morgan Stanley. I vividly remember sitting at my desk the first week of work, excited to actually make money, but I had absolutely nothing...
Read MoreEmergency Fund: What is it and do I need one?
Imagine a life without ever having to stress about money. It’s all unicorns and rainbows as the kids say. The sun is shining and it’s 75 degrees from your bank account’s perspective. Well, that sounds a lot like San...
Read MoreHow Much Cash Do You Need To Buy Your First Home?
You've been renting for years and are "tired of throwing money away." You've been searching all over for the perfect house to make your own, but haven't found it quite yet. You may be deciding between purchasing a new construction or...
Read MoreNet Worth: How does yours stack up?
What is the one of the best benchmarks for one's overall financial position? For me, its Net Worth. Let's talk about Net Worth for a moment, which is calculated by taking all of your cash and assets and subtracting your debt to come...
Read MoreThe Four-Bucket Approach to Investing
The Four-Bucket Approach to Investing When I was younger, my family joined the town pool so my mom had something for my brother and me to do in the summers. I remember walking through the welcome gates of the pool for the first time...
Read More30-year-old financial check-up: 5 tips to make sure you’re on the right track
Do you remember when Family Matters and Boy Meets World used to be on back to back during TGIF? Nothing better than Steve Urkel right into Topanga Lawrence. Those were simple times, weren’t they? All you had to think about was...
Read MoreHello World
Hello World -- I am a Certified Financial Planner™ professional and decided to start this blog for two reasons. First, to provide quality, relevant information to the older millennial generation about personal finance issues that...
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