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Finance at 50: Last Minute Planning for the Not-Too-Distant Future
Finance at 50: Last Minute Planning for the Not-Too-Distant Future

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.

Lyn Dippel
How to Manage Living Self-Employment Income

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. 

Everyday Super Heroines: Women Who Achieve Financial Freedom Deserve Our Esteem
Everyday Super Heroines: Women Who Achieve Financial Freedom Deserve Our Esteem

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.

New Funds and Apps Make Investing in Values that Much Easier
New Funds and Apps Make Investing in Values that Much Easier

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.

Should You Share Your Financial Situation With Your Children?
Should You Share Your Financial Situation With Your Children?

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.

FAI Insights Podcast: An interview with FAI's President and CEO, Lyn Dippel
FAI Insights Podcast: An interview with FAI's President and CEO, Lyn Dippel

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.

Saving for Retirement - It's Not Too Late
Saving for Retirement - It's Not Too Late

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. 

Three Ways FAI Reduces Your Taxes With Portfolio Management
Three Ways FAI Reduces Your Taxes With Portfolio Management

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).

Family Togetherness Helps In Caring For Aging Parents
Family Togetherness Helps In Caring For Aging Parents

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.

More Women Are Taking Charge of Financial Planning – Her Mind Magazine, Her Money Column
More Women Are Taking Charge of Financial Planning – Her Mind Magazine, Her Money Column

Traditionally, men have taken responsibility for managing and achieving the family's long-term financial goals. As a result, many women grew up looking to fathers, brothers and husbands for guidance. But men's and women's goals tend to differ when it comes to money.