Posts By: Evelyn Zohlen

States vs. SALT or “How to turn taxes into charity”

tax charity
Each year, thousands of CPAs and financial planners—like us—use their creativity and ingenuity to try to determine the best (legal) ways to lower your federal taxes.  You know you’re living in interesting times when state lawmakers join that crowd! The reason state legislators are working ...
READ MORE

This Is Not What I Expected; Musings of an Unlikely Entrepreneur Celebrating the 15th Birthday of Her Company

woman crossroads
Fifteen years ago in March 2003, I founded Inspired Financial from a home office (in my basement, no less) with only my faithful canine companion, Rusty, on my "team." I had left the cocoon of a secure job with The Vanguard Group to strike out on my own because I thought I could make a greater diffe...
READ MORE

The Intersection of Health and Wealth (or, how well you live has a direct impact on how well you do!)

runner
This time of year, many resolutions focus on improving personal finances. A good financial plan is about your goals and dreams.  But is it also about your health? In a recent blog post on the Forbes.com website, our friend and fellow financial planner (who also happens to be a medical doctor) Ca...
READ MORE

What The Tax Bill Means To You

tax calculations
Now that the new tax bill has been formally ratified by the U.S. House and Senate, the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days.  As you probably know, the House and Senate versions were somewhat different and you may be wondering: What does the fina...
READ MORE

’Tis the Season (for Financial Planning)

holiday gift
The period between Thanksgiving and the end-of-year holiday season would seem like a sleepy time for financial planners but in fact, it is anything but!  You might be surprised at how much financial planning activity takes place on your behalf in the final month of the year. For instance?  Even...
READ MORE

Are you old? Should there be a new term used?

active elderly bikers
Should today’s 70-year-old American be considered “old”?  How do you define that term these days?  Statistically, your average 70-year-old has just a 2% chance of dying within a year.  The estimated upper limit of average life expectancy is now 97, and a rapidly growing number of 70-year-ol...
READ MORE

Putting Off Fun is a Bad Idea

beach fun
If you’re like most people, you carefully put off doing something fun—like taking a trip or treating yourself—until you finished your work.  Of course, for most people the work never ends, and the fun gets put off, again (and again, and again…). The hidden assumption behind putting off f...
READ MORE

How to Make Summer Really Count

lemonade stand
With summer vacation ramping up, you might be wondering how you will keep your kids or grandkids occupied all summer and not hear, "I'm bored!", constantly. Having children create their own fun activities has it benefits (and risks), but if you'd like to offer them some ideas, here are a few activit...
READ MORE

Where Does Your Tax Money Go? Anyone? Anyone?

taxes file
It’s tax time again, and as you look over your tax payments for calendar 2016, you’re undoubtedly wondering where those dollars are being spent. The Wall Street Journal recently published a chart which breaks down spending for every $100 of tax receipts—and concludes that the U.S. governmen...
READ MORE

Where to Find Happy People

kids jumping
Mark and I recently traveled to Bhutan to run in the Bhutan International Marathon (half marathon for me!).  “Where/what is Bhutan?” you ask? So glad you did! Bhutan is a small kingdom in the Himalayas (the size of Switzerland, bordered by Tibet to the north and India to the south, with roughly...
READ MORE