November 2020 | FIGuide

Advice for Women on Creating Prenups

Nov 17 2020

There are women who are out-earning their partners. Not only are they earning more, these women may also have property, stock options, investments, and retirement savings. So, whether it is through salary, business income, or investments, there are women whose financial assets equal or rise above that of the person they intend to marry. In “Prenups for Breadwinning Women: 4 Pitfalls to Avoid,” Kiplinger.com focuses on women but of course the advice about prenups can be used by anyone.

A prenup is not solely designed to benefit the spouse that earns more. It may seem that way because when …

Tips to Reduce Retirement Stress

Nov 10 2020

Many people are under a lot of stress right now. They are concerned about the present state of their finances and wondering how they will finance the future. The Motley Fool offers “3 Tips for a Less Stressful Retirement.”

Diversify Your Portfolio: You know the time-honored saying about not putting all of your eggs in one basket, right? When it comes to investing and finance a more official term is asset allocation. No matter how you say it, the idea is not to put too large of a percentage of your resources into a certain type of investment. …

Plan Ahead for Next Year’s Taxes

Nov 03 2020

The Huffington Post writes, “You might still be focused on surviving 2020, but when it comes to taxes, it doesn’t hurt to plan ahead.” There are some people who plan all year and work with professionals like an accountant and a Fee-Only financial advisor. Others might start thinking about the following year’s taxes after the winter holidays.

At the end of last month, the IRS shared changes to the tax code that will be in place for 2021. The tax brackets did not change but they did adjust the income amounts for each bracket because of inflation.

We tend to …

Archive - November 2020