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Welcome to the Planning for Good Blog.

Here you will find answers to FAQs, my best tips, and insight into hot topics. Get a taste of my thought process when giving financial advice.

Have a suggestion for a future blog post? Email me at karen@planningforgood.net

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Monday, July 26, 2021

An important part of financial planning is anticipating costs in retirement, including potential healthcare expenses. Medicare is one of them. Medicare has four “parts.” Each covers certain benefits for those who are...

 

Thursday, July 22, 2021

Looking for an activity to teach young children about money? Check out THIS activity book provided by one of our third-party portfolio managers and partners in money management, AssetMark. Topics: Create play money Find financial words...

 

Wednesday, July 14, 2021

Are you tired of getting inundated with junk in your mailbox? Are you having to recycle more mail than you open? Not only is this a nuisance, but it could cause you to miss something important in the shuffle. Here are some tips to...

 

Thursday, July 1, 2021

Prospective clients often tell me that that they feel uncomfortable or embarrassed to share their personal circumstances with me, for fear that they will be judged. It’s likely been the thing keeping them from seeking help when...

 

Tuesday, June 22, 2021

June is a special time of year for me personally, but also for my practice. Working with the LGBTQ community has been the center of my financial planning business since its inception. I’m honored and proud to serve this...

 

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Tuesday, June 1, 2021

Breaking up is never easy, but in the case of same sex couples, it can be complicated considerably by legal landmines. “We have the exact same split-up rates as straight couples,” said D’Arcy Kemnitz, an attorney and...

 

Tuesday, May 18, 2021

In this day and age, we have endless responsibilities competing for our time. Some decisions are complicated and have serious repercussions if we make a poor choice, or neglect to act. Traditionally, we’ve learned to seek...

 

Wednesday, April 21, 2021

Are you getting ready to change your name and dreading the process of updating all the various accounts and systems? Perhaps we can help… HERE is a list of the most common places where you’ll want to update your name....

 

Thursday, April 1, 2021

A reference guide for individuals. The Internal Revenue Service (IRS) declares tax rate schedules, tax tables, and cost-of-living adjustments for certain tax items and provisions each year.Additionally, federal law provides for...

 

Thursday, April 1, 2021

Life insurance is, first and foremost, about protecting the ones you love after you’re gone. But some types can actually help you in retirement as well, by providing: A way to accumulate a source of funds. Tax-deferred growth...

 

Wednesday, March 3, 2021

Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remainunchanged for 2021, other key numbers have increased. If you have any questions and would like to schedule an appointment with me...

 

Tuesday, March 2, 2021

Working with a Financial Professional: Your Interests Come First In these uncertain times, the value of objective financial guidance cannot be overestimated, and the importance of the financial profession has never been more apparent....

 

Monday, March 1, 2021

If there’s one thing that causes me to roll my eyes, it is people patting themselves on the back for doing things they are expected to be doing. It’s for that reason that I don’t typically go-on about what our team...

 

Monday, March 1, 2021

Divorce can be an emotional rollercoaster, and because of its unique challenges, you can find countless articles online about how to get through it. That’s not my goal here. Below you’ll find some of the commonly overlooked...

 

Monday, January 25, 2021

THE HILL WE CLIMB by Amanda Gorman When day comes we ask ourselves, where can we find light in this never-ending shade? The loss we carry, a sea we must wade We've braved the belly of the beast We've learned that quiet isn't always...

 

Monday, January 11, 2021

A significant part of my job as an advisor is to help coach clients through periods of unease so that they don’t make decisions based solely on emotion, but rather, because of a well-thought-out strategy. To that end, I provide...

 

Tuesday, January 5, 2021

Every adult needs to financially plan. Notice how I didn't say: have "a financial plan" and, instead, emphasized the verb ― “plan.” MassMutual, one of our affiliates, has summarized this general concept. You can find the...

 

Sunday, December 27, 2020

I am so pleased and honored to have been included, albeit briefly, in an NPR article about what it means to be in a step-family in today's world, and how Kamala Harris helps legitimize families like mine. You may find the article...

 

Monday, December 7, 2020

What is it? By definition, a crisis is a turning point, a time when you have to make crucial decisions (often suddenly) that will affect your future. Although smart planning is the key to effectively dealing with periods of crisis, you...

 

Tuesday, December 1, 2020

This is a question I get a lot. An opportunity came up, such a finding a new home, or you came into some hard times, and you want to know if you can use assets from your IRA. First thing: these situations vary widely given personal...

 

Monday, November 23, 2020

You contribute the maximum amount each year to your 401(k), sacrificing a fatter paycheck today for financial security down the road, and for that, you should be proud. But if you aren’t setting additional savings aside to help...

 

Sunday, November 1, 2020

In uncertain times, one of the best actions we can take is to follow basic financial planning principals. Here are three strategies to consider in times things feel upside down. These are smart measures as a periodic check-up, too:...

 

Friday, August 7, 2020

An important part of planning is to ensure that you think ahead and prepare: for the unexpected, for eventualities and for silly mistakes you’re sure you’ll never make, until you do! Like what, you ask? A sudden flood, loss...

 

Tuesday, June 16, 2020

"LGBTQ parents can face further financial challenges including struggles related to adoption, assisted reproduction, outdated laws and customs, and discrimination." Amy Fontinelle, a personal finance writer contributing to the...

 

Tuesday, June 16, 2020

In honor of LGBTQ Pride Month... "All parents face the same financial challenge: Raising a child is expensive. However, the costs can start adding up sooner with the medical expenses leading up to having that child, including in vitro...

 

Friday, May 1, 2020

One of the best ways to protect the security of your most important data, and to help ensure lenders are seeing your best credit score, is to check that all of your financial information is up to date and accurate.

 

Wednesday, April 15, 2020

Let’s begin by defining “retirement”. The Merriam-Webster dictionary defines retirement as “withdrawal from one's position or occupation or from active working life.” While this may be the traditional...

 

Sunday, October 13, 2019

With the recent increase in market volatility, many clients have shared with me their sentiments of uncertainty and confusion. A significant part of my job as an advisor is to help coach clients through periods of unease so that they...

 

Monday, July 15, 2019

When thinking about how to protect your livelihood or build the financial resources you will need to live life as desired, it often starts with clarifying what you want to achieve, what you value and how uncertainties can affect plans...

 

Thursday, June 27, 2019

Researching destinations for your next big vacation getaway may be part of the fun, but for LGBT world travelers — especially those with kids — it is also a very important step to ensuring a safe and enjoyable trip....

 

Sunday, June 2, 2019

I’m often asked how financial planning for the LGBTQ is different from planning for any other person or family, especially now that we have marriage equality. Here’s one example: members of the LGBTQ community, generally...

 

Wednesday, May 1, 2019

You insure your most valuable assets like your home, your car and your life. Most people would agree that they’re worth protection; however, disability income (DI) insurance is something people tend to be less certain about....

 

Monday, April 22, 2019

If you are divorced, you may be aware that you can potentially claim retirement benefits on your ex-spouse’s earnings record. As a divorcee, you may be eligible to receive a spousal benefit equal to 50 percent of what your...

 

Monday, April 15, 2019

Single, childless retirees who never married have age based filing strategies available for claiming Social Security benefits: Claim reduced benefits as early as age 62, and receive a reduced monthly benefit for life. Wait to claim...

 

Monday, April 8, 2019

If you’re married and thinking about retirement, you should consider the strategy you use to file for Social Security benefits carefully. The age at which you and your spouse begin collecting benefits will affect not just the...