Posts By: Leslie Rea

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 In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.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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Thanksgiving Trivia 2016

Thanksgiving
Each year, on the fourth Thursday of November, Americans come together to celebrate Thanksgiving. It was originally a day to give thanks for the blessings of the harvest, and is now associated with feasting, family, friends, and football. During my nine years in the US, I have learned that Thanksgiv...
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