Posts Categorized: Inspired News & Thoughts

Is That Really Your Money?

Uncle Sam
When you look at your monthly brokerage statement, you see the values and what has happened in your account over the last 30 days.  It’s pretty simple math: “You started there, you finished here, and what happened to cause the changes—dividends (increase), market gains (increase), market decl...
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How to Avoid Scams Targeting The Elderly

elderly hands
Last week I missed a phone call on my cell phone. I called back and I heard, “Hello, this is the IRS.” I hung up immediately. The IRS will NEVER call on the phone; neither will SoCal Edison or SoCal Gas. These are scams designed to trick the elderly. In this technological age, we need to be extr...
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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...
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Financial Planning for Women – Part 3 (Long-Term Care)

elderly happy woman
In my previous blog post, Financial Planning for Women – Part 2 (Social Security), I talked about how the guidance we provide in the early years of retirement places women in the best possible position to live their final years with grace, security, and dignity. In this post, we will discuss L...
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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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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...
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Financial Planning for Women – Part 2 (Social Security)

grandparents
In my previous blog post, Financial Planning for Women – Part 1, I talked about how women will generally live longer than their male counterparts, with less in their portfolio later in life, and with less loved ones available to take care of them. In this post, we look at Social Security and discu...
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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...
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’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...
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Fee Only vs. Commission-Based Advisors

coins and calculator
There are three primary ways that financial advisors are compensated: [1] Fee Only, [2] Commission, and [3] Fee and Commission.  Each has its own set of conflicts of interest (none are conflict free!) but we believe that Fee Only has the least amount of conflicts.  Let’s explore the definitions ...
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