Anyone who has gone through a divorce knows how emotionally challenging and financially complex it can be. While attorneys handle the legal aspects, a Certified Divorce Financial Analyst® focuses specifically on the financial implications of divorce. This specialized designation equips professionals with the expertise to guide clients through the intricate financial aspects of divorce proceedings, ensuring better outcomes for their financial future.
Anna Marie Mock, a fee-only certified financial planner at Highland Financial Advisors, discusses the dynamic interplay between art and science in financial planning. Drawing inspiration from Leonardo da Vinci's philosophy that "everything connects to everything else," she emphasizes that financial planning is an art involving subjective goal-setting and a science-driven by objective analysis tools. In this video, Anna explains how the scientific method can be applied to financial planning, using equity compensation as a concrete example.
What are your thoughts, feelings, and beliefs about money? What about your partner, and do they differ from your own? Sometimes, the conflict we experience around money in our personal lives can be attributed to incongruent money scripts with those with whom we share finances. Let’s dive into the term money script and how understanding it can help us achieve our financial goals.
In talking with clients about the benefits their employer provides during the open enrollment season, one often overlooked benefit if clients have dependents is the Dependent Care Flexible Spending Account (FSA).
Health Savings Accounts (HSAs) are not only a savvy investment option but also offer numerous benefits, especially for high-net-worth families. An HSA is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help cover out-of-pocket medical expenses. While the utility of HSAs is universal, they hold advantages for high-net-worth families and have steadily grown in popularity since their inception.
The REAL ID Act was passed by Congress in 2005 to set a standard for identification cards. As of December 2013, the Department of Homeland Security implemented an enforcement plan schedule that was modified in 2018 by President Trump. The Act sets a minimum-security standard for licenses and prohibits Federal agencies from accepting identification cards that do not meet the criteria.
As of January 2019, the Transportation Security Administration (TSA) reported that 99.9% of passengers wait less than 30 minutes for security checks at airports. This doesn’t seem factual when you are waiting in the security line with no end in sight. During my very warm welcome back into the states in the customs line, I was curious as to what traveler program provides the highest value for the lowest cost. There are many programs that are offered through the government and private companies, but the two most popular programs are the TSA PreCheck and Global Entry.
