Posts By: Leslie Rea

A Gift with Benefits!

Close-up of woman holding gift packed in red paper
Looking for gift ideas for your family or friends? Consider gifting appreciated stock to benefit both the giver and receiver of the gift. When you’re considering what type of gift to give your family and friends, several options are available to you including gifts of cash, gift cards, merchand...
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Are you thinking about donating “big ticket” items of property to charity? Beware of these IRS new regulations

antiques in market
Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations of $5,000 and over to charity.  The regulations involved things like artwork, jewelry, antiques and other possessions whose value is often in the eye of...
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Reconsidering Cancer Insurance

Child supporting her ill mother
What would you do if you were diagnosed with cancer this week? On top of the stress of the diagnosis, you would need to know if you could afford the costs of treatment adding another layer of unwanted stress and complexity to this unfortunate situation. Did you know that the estimated direct medical...
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Emergency Fund: Plan for the Unexpected

stack of 100 dollars
Do you love surprises? What about surprise expenses? I’m with you, no one likes unforeseen expenses but truth is, life is unexpected. To reduce the stress associated with unforeseen expenses, we usually advise our clients to build what we call an emergency fund. What is an emergency fund? It...
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529 Plan – What are Qualified Expenses?

education books
The main tax advantage of a 529 Plan (in a state-sponsored college savings plan) is that distributions for qualified expenses are tax-free. In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.  In certain states, you may also benefit from ...
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Keep or Shred? What To Do with Important Documents

shredded documents
Inspired Financial will host its biennial Shred Party on Saturday, April 14, 2018 from 11:00 am to 2:00 pm.  We have prepared a list of items and timeline to help you decide on what important documents to keep and for how long. Keep for less than 1 year Sales receipts for minor purchases (kee...
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Happiness in Retirement

relaxation chairs
One of the great transitions in many people’s lives is going from employment to retirement. Between pursuing old or newly found passions, babysitting the grandchildren, traveling, or volunteering, many of our retired clients are now busier than they were during their working years! However, aft...
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Advice for recent graduates: Start saving as a new “adult”

graduation
Since I started working in the financial planning industry in 2013, I heard many people say “I wish I had started saving earlier”. It may be too late for those people to start over, but we can prevent new “adults” from making mistakes by educating them and providing guidance. As a young a...
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Property Tax Bill Made Easy for Orange County Residents

house property
A few weeks ago, Evelyn and I attended an event with the Orange County Treasurer: Shari Freidenrich, CPA. Shari shared four great tools created to help Orange County residents keep track and pay their property tax bills online. We thought that you might find them useful. 1. Sign up for a Property...
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Phenomenal Women In History – Mother Teresa

mother teresa statue
In the spirit of Women’s history month, I wanted to highlight one of my favorite women in history: Mother Teresa. She dedicated her life to helping the poor and was one of the greatest humanitarians of the 20th Century. Mother Teresa’s birth name isn’t Teresa but Agnes. She was born in Mace...
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