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 and psychological well-being.  Brain training apps may improve memory, problem solving […]

graduation

Beware of Scholarship Scams

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 $70,000 annually, not including countless round-trip flights[…..]

old woman

Financial Planning for Women – Part 4 (Helping Widows)

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 spouse is a traumatic[…..]

woman crossroads

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

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 difference[…..]

runner

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

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) Carolyn McClanahan suggests that your health[…..]

active elderly bikers

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

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-olds will live past age 100.  Perhaps more importantly, today’s 70-year-olds[…..]

graduation

Advice for recent graduates: Start saving as a new “adult”

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 adult and financial planner, I[…..]

beach fun

Putting Off Fun is a Bad Idea

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 fun is that you won’t enjoy it if you[…..]

lemonade stand

How to Make Summer Really Count

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 activities that are both fun and[…..]