If you’re going through a divorce, you already know it’s expensive. Some of the costs are obvious, including lawyers, separate residences, and increased child care. But there are also insidious hidden costs of divorce to keep your eye on. They are often too small to notice until they add up. For example, the loss of “family discount” plans on phone,…
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Winter 2013 Wine & Finance – Midlife Career Change
Monica Molina Austin of Westwind Consulting Group spoke about strategies for making a midlife career change. Maura Griffin of Blue Spark talked about how to set the stage financially before you make the leap to a new career. This quarter’s Wine & Finance focuses on a topic that many can relate to: Midlife Career Change. There are some in this room…
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Wall Street Journal Voices: Maura Griffin, on Advising Single Mothers
The newspaper interviewed Maura about the single mothers in her practice. “For women, there is often more emotion around money. Advisers need to help their clients understand their spending habits, look at what’s driving their spending, and find ways to save more. That’s the role I try to play with my clients: helping them through emotional issues with money, helping…
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New IRS Rules for Retirement Savings in 2013
The IRS increased the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan from $17,000 to $17,500. That’s one of the new IRS Rules for retirement savings in 2013. But it left the catch-up contribution limit for employees aged 50 and over in 401(k), 403(b), most 457 plans and the…
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Retirement plan for teenagers?
Did your child or grandchild have a job this summer? It’s great for them to have their own hard-earned cash, and it offers a way for you to help them save for the future, tax-free. It’s a retirement plan for teenagers. You can open a Roth IRA in the child’s name and contribute as much as the child makes during…
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