Posts Categorized: Inspired News & Thoughts

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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Credit Freezes, Protecting Yourself Against Identity Theft

Credit freezes are one of the most effective ways for consumers to protect themselves against identity theft.  Data breaches at banks, healthcare providers, insurance companies and credit processors have left consumers vulnerable to fraudsters, and freezing access to your credit file may help you a...
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U.S. Savings Rate: Better than we thought (but not good enough)

saving
Quick: What is America’s national savings rate?  If you guessed less than 5%, you’d be close, but the scarier figure reported by the U.S. government’s Bureau of Economic Analysis (BEA) this year was just over 2%. This precipitous decline in savings by Americans has been the source of a lot of...
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Retirement on the Horizon

Planting Flowers
As some of our clients know, I’ll be retiring after 30 years of working in the financial planning industry: 15 years for Gagen & Co. and for the last 15 years with Inspired Financial. The time as flown by. I started out as a secretary (old fashioned job description) that evolved into Director ...
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What to Make of the 2018 “Trade War”

US dollar versus China yuan
The past few weeks, we’ve finally seen evidence that the investment markets are getting jittery about the escalating tit-for-tat tariffs and threats of tariffs that some economists are calling “America vs. the World.”  Many investors are wondering whether new taxes on items flowing into and o...
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Apps for Boosting Brain Power

It’s no secret that as we age, our brain function declines.  Whether it’s to focus, stay sharp, or reduce stress and anxiety, there are various reasons for wanting to boost brainpower and improve mood. Studies have suggested that keeping mentally active may help maintain cognitive functioning a...
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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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Beware of Scholarship Scams

graduation
Figuring out how to pay for college is stressful for most parents and may be out-of-reach for some families. My husband and I have three college-bound teenage daughters, and our oldest will be attending St. Lawrence University in New York this year. Tuition, books, and room and board will exceed $70...
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Financial Planning for Women – Part 4 (Helping Widows)

old woman
In my previous blog post, Financial Planning for Women – Part 3 (Long-Term Care), I talked about why Long-Term Care is so important for a woman’s longevity. In this post, we will discuss how we help widows through one of the toughest times of their lives. We recognize that the death of a spou...
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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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