At Define Financial, we are big fans of tracking your spending. But it’s not because we’re nerds who love spreadsheets. (Although, that is true of your humble author.) We’re big fans of tracking your spending because we think that tracking your spending can have a profound effect on your life. When you track your spending,…
Continue Reading
Do you need disability insurance if you’re nearing retirement age? Like most financial planning questions, there is no single answer for every situation. Whether or not you need disability insurance near retirement depends on a few different factors, including: how much money you plan to save over the rest of your working career, the size…
Continue Reading
Recently, we were working with a client entering retirement. We were helping with her long-term financial plan and she had big (read: expensive) plans. For her golden years, she dreamed of a six-figure remodel on her current home — or maybe even purchasing another, larger property. The good news is that she can afford it. The…
Continue Reading
Remember that famous Jerry Seinfeld joke about public speaking? He references a study that said people are more fearful of speaking in front of a crowd than death. If true, it means the average person attending a funeral “would rather be in the casket than doing the eulogy.” This one: That’s me. I’m one…
Continue Reading
At the tail end of 2017, I signed up for my first only Brazilian jiu-jitsu tournament. In an effort to be competitive, I set a goal: lose 10 lbs. (This is because you compete by weight class.) Losing 10 lbs meant a strict diet of meat and vegetables. Now, as ridiculous as a strict regimen of…
Continue Reading
Why is cybersecurity so important? The internet is fraught with scammers and rip-offs. And since our entire lives live online, it’s more important than ever to learn how to protect yourself. [toc] Cybersecurity 101: Use Complex Passwords When it comes to playing it safe online (read: best cybersecurity practices), one of the best ways to…
Continue Reading
In the nerdy world of money management, financial advisors are apt to use all sorts of over-the-top jargon. I’ll spare you by not listing every piece of jargon here (because that would bore you to death). But to help me illustrate a point, I do want to talk about one nerdy term. Forgive me while…
Continue Reading
Donor-advised funds have become increasingly popular given the new tax laws in 2018. They have also become one of our favorite tax savings tips that continues to fly under the radar: Today, we are going to break it all down for you and explain: What a Donor-Advised Fund is (in plain English!) Why you should…
Continue Reading
