By Lyn Dippel | June 2017
Whether we realize it or not, our financial habits, fears and perceptions about money are internalized by our children. If we teach our children about the value of being frugal, but we regularly purchase the latest model car or iPhone, those philosophical lectures will have little impact. If we teach our child to judge people by what’s inside and not what brand of clothing they wear, but that later remark in a condescending way about someone’s bargain-brand shoes, we’re asserting that brands do indeed matter.
By Lyn Dippel | March 2017
While 50th anniversaries are often cause for hearty celebration, not everyone feels as celebratory about their 50th birthday. Many of us have not had an opportunity to save as much as we would have liked or had the time to do our own financial planning.
Turning 50 can be a wake-up call that there isn't much time left to get serious before it is too late.
By Lyn Dippel | November 2016
Many of us have unpredictable or inconsistent incomes. Unfortunately, the bills come whether we have been paid yet or not. If we have not planned carefully, when a big expense occurs we may get caught short. And two other pitfalls may trip us up if we are self-employed. First, there is typically no tax or FICA withholding on self-employment income, so often a portion of the money we have in hand is not technically ours. If we aren’t careful we can get caught shorthanded come tax time and end up owing penalties on top of the tax bill.
By Lyn Dippel | September 2016
With elections coming up, many of us are looking for candidates who will best promote our values. You can also vote with your pocketbook. We often look to public figures such as Sheryl Sandberg, Brene Brown, Michele Obama and JK Rowling as inspiration, but everyday women who have overcome challenges and conquered fears to establish a better life can be just as inspiring.
By Lyn Dippel | June 2016
With elections coming up, many of us are looking for candidates who will best promote our values. You can also vote with your pocketbook.
As a consumer and investor, you have the power to invest in companies whose actions reflect your values. Collectively, this power can create a tremendous shift in companies mores, resulting in positive change globally.
By Lyn A. Dippel | November 2015
In a recent study of parents with incomes over $100,000, only 17 percent said they would discuss their income or net worth with their children under the age of 18 – close to 20 percent said they wouldn’t share this information with offspring at all.
By Lyn A. Dippel | October 2015
An interview with FAI's President and CEO, Lyn Dippel. I’ve been with FAI Wealth Management for about 11 years. Prior to that, I was a partner in a financial advisory firm in Northern Virginia. I came to FAI specifically because I liked their approach and I liked the founder, Mike Martin.
By Lyn A. Dippel | September 2015
Behind on saving for retirement? Anything you can do to get started will generate positive momentum. Though each of these steps may seem small, if you are consistent, these efforts will make a difference in no time at all. Here are the top five priorities when saving for retirement.
By Lyn Dippel | July 2015
Everyone likes making money on their investments, but most people don’t like having to pay taxes on those returns. Interestingly, only certain portions of your investment return are subject to taxes in any given year. Interest and dividends are taxable in the year made (unless they are earned in a tax-deferred account such as an IRA or 401(k).
By | April 2015
It can happen gradually or overnight, but sooner or later most adult children must coordinate care for one or both parents, a situation that puts tremendous strain on sibling relationships. The best outcomes come when family conversations are held well in advance, ideally by the time parents are in their early 70s.