If Money Were Easy

When a natural disaster strikes, the emotional and financial toll can be overwhelming, especially if you're unprepared. In this episode, Mary Beth and Neela are joined by Abacus financial advisor Susan Olson, CFP®, who shares practical steps you can take to safeguard your finances. Drawing from her experience working with clients impacted by wildfires, Susan breaks down what you can do before disaster hits, from reviewing your insurance coverage and documenting your belongings, to building an emergency fund and creating an evacuation plan. If you've been meaning to prepare but don't know where to begin, this episode can give you the tools and motivation to start. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: Things to consider when reviewing and updating your insurance coverage The importance of building a household emergency fund Suggestions for creating evacuation plans (yes, even for pets and children's toys!) Tips for digitizing your documents and organizing your accounts How you can involve your kids and greater community in preparedness efforts The power of the "do just one thing" approach to getting started   Resources Mentioned: Ready.gov disaster preparedness information and downloadable Emergency Supply Checklists Abacus Pro-Bono Financial Planning Services My Financial Life in a Binder PDF    Stay Connected: Subscribe to the If Money Were Easy newsletter Subscribe to If Money Were Easy on YouTube Connect with Mary Beth on Instagram and on LinkedIn  Connect with Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn  

Why doesn't having money necessarily feel good? In this episode, Mary Beth and Neela explore the complex emotions tied to wealth—whether it's guilt over having more, shame around not having enough, or discomfort with financial privilege. They unpack how money can affect identity, belonging, and relationships, and share tools to help you reframe your money story, build financial confidence, and align your wealth with your values. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: How to understand the two sides of wealth shame: having too much vs. not enough How comparison, identity, and belonging may fuel financial discomfort The emotional and psychological effects of inherited wealth How to develop financial confidence and reframe your money story How to find purpose and impact through intentional money choices   Resources Mentioned: People With Parents With Money: 14 Adults Come Clean About the Down Payments, Allowances, and Tuition Payments That Make Their New York Lives Feasible – New York Magazine's Intelligencer | February 10, 2025 https://nymag.com/intelligencer/article/parents-money-family-wealth-stories.html Brené Brown is known for her work on shame, vulnerability, and leadership.   Stay Connected: Subscribe to the If Money Were Easy newsletter Subscribe to If Money Were Easy on YouTube Connect with Mary Beth on Instagram and on LinkedIn  Connect with Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn

When love blooms later in life, so do important money questions. In this episode of If Money Were Easy, Mary Beth and Neela discuss the financial realities of dating, cohabiting, and marrying after 40. Inspired by the idea of the "Golden Bachelorette," they explore how second (or third) chapters can bring new challenges and new opportunities for building strong financial foundations. From prenups and estate plans to blending families, tune in for thoughtful insights and real-world examples you might use to open your heart while also protecting your finances.  Whether you're entering a new relationship, planning a second marriage, or supporting a parent stepping into a new chapter, this episode offers practical strategies to help navigate the intersection of love and money with confidence and clarity. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why traditional financial "rules" don't always apply later in life. How to protect your financial independence while building a relationship. The importance of prenups, estate planning, and updated beneficiaries. Managing money when blending families and raising kids from previous relationships. How to have clear, empowering conversations about money, love, and boundaries. How assembling a strong team (CPA, financial planner, attorney) can help. Resources: The Big Shift: For Older Women With Money, It's "Yes" to Love and "I Don't" to Marriage – The Washington Post | January 16, 2024 https://www.washingtonpost.com/business/2024/01/16/women-separate-money-love-second-marriages/ More couples are divorcing after age 50 than ever before. Psychologists are helping them navigate the big changes – American Psychological Association | November 1, 2023 https://www.apa.org/monitor/2023/11/navigating-late-in-life-divorce  Stay Connected: Subscribe to the If Money Were Easy newsletter Subscribe to If Money Were Easy on YouTube Follow Mary Beth on Instagram and LinkedIn Follow Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram, and on LinkedIn  

When it comes to financial planning, insurance is an important piece of the puzzle. In this episode of If Money Were Easy, Mary Beth and Neela are joined by Mark Maurer, CFP®, President and CEO of Low Load Insurance Services (LLIS), to break down the complexities of disability and life insurance and shed light on what to consider when deciding what plan might be appropriate for you. They discuss why so many people tend to avoid thinking about insurance, the psychological barriers that can keep people from planning ahead, the potential differences between group and individual insurance policies, and what to consider if you're self-employed, and more.  With decades of experience in the insurance industry, Mark's insights offer clarity and professional perspectives that can help you make informed decisions around your own insurance needs. Tune in for a comprehensive overview of the insurance landscape, and actionable tips. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why insurance is essential, even when you hope to never use it The differences between group and individual disability policies How to identify coverage gaps—especially for high earners and entrepreneurs The pros and cons of term vs. permanent life insurance What "laddering" your life insurance means—and how it can save you money When whole life insurance might actually make sense Resources Mentioned on the Show: Mark's company: Low Load Insurance Services  https://llis.com/ Stay Connected: Subscribe to the If Money Were Easy newsletter Subscribe to If Money Were Easy on YouTube Follow Mary Beth on Instagram and LinkedIn Follow Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram, and on LinkedIn

Selecting a financial advisor can be a process, especially given the wide range of titles, credentials, and compensation models in the industry. In this episode, co-hosts and CERTIFIED FINANCIAL PLANNER® professionals Mary Beth Storjohann and Neela Hummel outline the factors to consider when choosing an advisor who aligns with your financial goals and values. They explore the distinctions between various advisor designations, with a focus on the importance of working with a CERTIFIED FINANCIAL PLANNER® professional. They also cover the concept of fiduciary responsibility—why it matters, and how to assess if your advisor is acting in your best interest. Additionally, Mary Beth and Neela discuss the different ways financial advisors are compensated, including commission-based, fee-only, and hybrid models, and how those structures can influence the advice you may receive. Whether you're beginning your search or reevaluating an existing relationship, this episode offers valuable guidance to help you make well-informed decisions for your financial life today, and into the future. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The distinctions between various financial advisor titles and the significance of the CFP® designation. The importance of choosing an advisor who is a fiduciary  who prioritizes your financial well-being. Different advisor compensation models like commission-based and fee-only, and their implications on advisory services. The questions to ask during your first meeting with a potential advisor.  Resources Mentioned on the Show: How to Choose a Financial Advisor – Abacus Wealth Partners https://abacuswealth.com/how-to-choose-a-financial-advisor/ What It Means to Work with a Fee-Only, CFP® Professional Financial Advisor - Abacus Wealth Partners  https://abacuswealth.com/why-you-should-work-with-a-cfp-fee-only-fiduciary-financial-advisor/  The National Association of Personal Financial Advisors (NAPFA): https://www.napfa.org/ Stay Connected: Subscribe to the If Money Were Easy newsletter Subscribe to If Money Were Easy on YouTube Connect with Mary Beth on Instagram and on LinkedIn  Connect with Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn

What happens to your money when interest rates go up or down? Join Mary Beth and Neela as they dive into the complex world of interest rates and the different ways they can impact your finances – from mortgages and savings accounts, to credit cards and business loans. They explore how the Federal Reserve's adjustments influence both the economy and individual financial decisions, and offer some historical context – such as the period following the 2008 financial crisis – to highlight how those lessons can still apply today.  Tune in for practical advice on how to navigate a changing interest rate environment, whether you're planning to buy a home, looking to refinance, or simply trying to manage your finances more effectively. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: Why interest rates matter, and why you should care about them. The effects interest rate fluctuations can have on saving, borrowing, and business. How different types of debt, such as credit cards and mortgages, are impacted by interest rate changes. Strategic considerations for homebuyers and business owners.   Resources Mentioned on the Show: A Timeline of the Fed's '22–'23 Rate Hikes & What Caused Them – TheStreet.com | April 12, 2024 How the Federal Reserve Affects Mortgage Rates – Nerdwallet.com  |  March 19, 2025 What's the Average Car Payment Per Month? – Nerdwallet.com | March 7, 2025   Stay Connected: Connect with Mary Beth on Instagram and on LinkedIn  Connect with Neela on Instagram and LinkedIn Subscribe to the If Money Were Easy newsletter and on the new YouTube channel Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn

How can you step into 2025 with compassion — and maybe even a little ease — in a world full of uncertainties? In this Season 3 kickoff episode, hosts Mary Beth Storjohann and Neela Hummel share thoughtful strategies for navigating both financial and emotional transitions as the new year gains momentum. Focusing on presence and personal values, they explore the benefits of setting realistic, meaningful intentions instead of rigid resolutions and highlight the power of small yet impactful financial moves — like adjusting 401(k) contributions and reviewing expenses. They also offer insights on staying grounded amid external stressors, emphasizing the importance of paying attention to what you can control and finding peace with what's beyond your influence. Plus, they dive into managing financial anxiety — especially in times of market fluctuations — encouraging a long-term, values-driven approach over impulsive, fear-based decisions. Tune in for practical tips, fresh perspectives, and an empowering start to the year! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: The benefits of setting intentions over making resolutions for a more compassionate approach to the year. Practical steps to take control of finances in the new year, including 401(k) adjustments and budget reviews. Techniques for managing financial anxiety and the importance of aligning financial actions with personal values and goals. The three questions Mary Beth is asking herself as she navigates this new year, as inspired by her recent Life Planning training course.   Resources Mentioned on the Show: Neela's Blog Post: Los Angeles Wildfire Recovery: Financial Resources and Steps for Homeowners — January 14, 2025 Abacus Webinar: What Now? Q&A for Victims of LA Wildfires – January 17, 2025  How to Future-Proof Your Happiness in the New Year — The New York Times, January 3, 2025 LA Wildfire Pro Bono Financial Planning Services with Abacus Wealth Partners   Stay Connected: Connect with Mary Beth on Instagram and on LinkedIn  Connect with Neela on Instagram and LinkedIn Subscribe to the If Money Were Easy newsletter and on the new YouTube channel Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn

If Money Were Easy is back! Season 3 begins on March 19th, and we couldn't be more excited. Not only can you expect more of the honest money (and life) discussions we can't get enough of, but Season 3 has a new look and will be posted as video episodes on YouTube if you want some visuals with your finance banter.  Make sure you're following the show wherever you're listening so you don't miss any updates. And don't forget to sign up for the If Money Were Easy newsletter to get extra insights, deep dives, behind-the-scenes content, and opportunities to ask your own questions delivered straight to your inbox. Looking forward to continuing these conversations with you!  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Hear in this Episode: Season 3 of the podcast kicks off on Wednesday, March 19th. We started a YouTube channel where you can watch video versions of this season's episodes. Subscribe to the If Money Were Easy newsletter for extra insights, content, and conversations right in your inbox.  Stay Connected: Subscribe to our newsletter Subscribe to our Youtube channel Follow Mary Beth on Instagram and LinkedIn  Follow Neela on Instagram and LinkedIn Join the Abacus community by connecting with us on Facebook, Instagram and on LinkedIn

In this episode special guest, Spencer Sherman, a celebrated financial advisor, author, and co-founder of Abacus Wealth Partners, shares his insights on integrating mindfulness into money management.  Spencer explains that practicing gratitude can help with decision-making by reducing the tendency to ruminate over negative experiences. He discusses human survival wiring, which naturally directs attention to potential threats, leading people to dwell on negatives like critical emails or market losses. Throughout the discussion, various practical examples of incorporating mindfulness are provided. The concept of "microdosing" mindfulness is introduced as a way to build a more consistent practice. The conversation also highlights the need to recognize and sit with challenging emotions rather than trying to immediately fix them. The episode concludes with a gratitude meditation led by Sherman, focusing on appreciating current abilities and relationships while recognizing that others may feel grateful for us as well. Join us today and hear how you can practice mindfulness in your life! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why humans are naturally wired to focus on the negative and how we can rewire that thought process The importance of practicing gratitude in our daily lives How to use mindfulness to shift your thinking around finances The best way to approach gratitude, and it shouldn't be on a To-Do list The reason those little moments of mindfulness can be the most impactful Why it is critical to recognize gratitude within your community and how that can foster interconnectedness A better approach to handling negative emotions How to shift your thinking from desires to appreciation (and the positive impact that can have on your life) An impactful way of breaking negative patterns to open new possibilities An understanding of how to realistically view your problems and how to reduce overreactions to negative events Resources: Explore more of Spencer's mindfulness-based approach to money via his free resources, book, the Your Inner Compass finance course, or his in-person appearances and events. Stay Connected: Visit Spencer's website to learn more about Fearless Finance and connect with Spencer on Facebook, Twitter, Instagram, and LinkedIn or at [email protected] Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today's episode dives into the financial aspirations and strategies for the next ten years as both hosts reflect on reaching the milestone age of 40. They explore the importance of investing in community and relationships beyond family ties, the excitement of aging with close friends, and nurturing valuable relationships despite busy schedules. They also address common financial anxieties, the concept of feeling behind financially, and provide practical tips on financial planning. Join Mary Beth and Neela as they blend thoughtful financial advice with personal anecdotes, offering a look into the financial landscape of their 40s and beyond. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of have long-term meaningful friendships How to face the idea of feeling financially behind The first step you can take if you're feeling financially behind Why you need an emergency fund and how much you should be stashing away How the debt cycle can negatively impact you The reason you shouldn't put all your financial eggs in one basket Understanding how to get compound interest to work for your investments A few items to focus on as you cruise through your 40s Why accountability is essential to improve personal and financial health How to find the balance between financial discipline and enjoying life Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

What are the unique financial and societal challenges that young men face today? From the significance of developing strong social and emotional skills to understanding the difference between investing and gambling, Mary Beth and Neela offer actionable insights and personal anecdotes. The hosts discuss societal pressures on young men during their "grind years," emphasizing the value of patience and face-to-face social interactions. They share personal stories from their own experiences raising children, highlighting the importance of early financial education and emotional awareness. The conversation also touches on gender-specific financial teachings, the balance between societal expectations and personal values, and the importance of open communication in relationships. Tune in to learn how to cultivate these skills in your children, and how to help them grow up to be well-rounded and financially savvy individuals. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: Some of the social and emotional challenges that young men face today Why those face-to-face interactions are so crucial in developing social skills Comparing communication skills and regular exercise The importance of teaching children about emotional awareness at a young age Some societal norms that impact how men respond in relationships and around money Understanding the financial aspect when choosing your life partner Comparing and contrasting gambling and long-term investing The one thing most people need when it comes to their finances in this fast-paced world How your financial behaviors can impact and influence your children's financial behaviors Why it is critical to understand privilege and how to use it positively How a lesson on gratitude can benefit your little ones   Resources Mentioned on the Show: Behind Many Powerful Women on Wall Street: A Doting 'Househusband' By Miriam Gottfried in The Wall Street Journal Episode 55: Money Lessons for Our Daughters Episode 56: Navigating Parents' Aging & Financial Care: Lessons from A Personal Journey with Kathryn Peyton Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today's episode features a special guest who brings a wealth of experience both professionally and personally. Kathryn Peyton, a CERTIFIED FINANCIAL PLANNER™ with Abacus Wealth Partners since 2016, joins us to share her invaluable insights on managing the role of an executor. We'll dive into Kathryn's personal journey, where she combines her professional expertise with real-life experiences, such as caring for her aging mother. Kathryn will discuss the significance of car rides and open conversations with elder family members, the financial and emotional investment of being an executor, and insights on how to prepare for and manage this crucial role. Join us to explore how to navigate the complex yet rewarding responsibilities of being an executor with our esteemed guest, Kathryn Peyton. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode The role of a geriatric care manager and the benefit it can have to your elder and you A few ideas on how to balance personal and caregiving roles How to foster open and meaningful conversations with your elders How to create space and opportunities for elders so you can learn more about them and their wishes The importance of having open communication when it comes to end-of-life desires and planning A few tips on how to alleviate stress on the elder and on you as the executor A few things you should keep in mind if you are named someone's executor The importance of having accounts designated as "pay on death" The time commitment as an executor What you can do to make your work as an executor streamlined before the person's passing Resources Mentioned on the Show Blogs written by Kathryn Peyton Stay Connected Find Kathryn on LinkedIn and learn more about her by reading her bio.  Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In this episode, we discuss money lessons for our daughters and explore the crucial role of financial awareness, the importance of self-reliance, and the evolving financial roles of women in society. We'll share personal anecdotes, discuss historical contexts, and emphasize the importance of modeling positive financial behaviors for the next generation. We believe that money isn't just a tool for daily transactions—it's power. It's the key to independence, freedom, and making informed choices. Whether it's managing household finances, advocating for oneself, or navigating power dynamics in relationships, these lessons are vital for our daughters to learn early and understand deeply.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of understanding where your money goes and how to make it work for you Why self-reliance is so importance when it comes to your finances The reason we, as parents, need to model positive financial behaviors for our children The misnomer regarding women and math and why gender bias in academia needs to be eliminated How women advocating for other women can impact your finances What conversations need to happen when couples have income differences When planning for your future, have you thought about these things? The best way to respond when you make a mistake Why you must believe in your abilities and validate your own worth How to advocate for change to make sure you have a seat at the table Resources Mentioned on the Show: A Brief U.S. History of Women in Money and Finance by Josh Elledge Marriage & Money: Is a Prenup Right for You? with Terry Steen on If Money Were Easy  The Rise of the Female Breadwinner: Key Planning Tips and Considerations by Alyssum Malone Cher Interview on Dateline with Jane Pauley. NBC. 1996.  Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's episode, we explore the often-misunderstood topic of prenuptial agreements (prenups). Joining us today is our esteemed guest, Terri Steen, an experienced family law attorney and mediator who has been practicing family law in Los Angeles since 2009. We'll explore the phases of prenuptial agreements, their impact on communication and empathy in relationships, and what makes for successful prenup negotiations. We'll also touch upon the importance of postnuptial agreements, legal obligations for immigrant spouses, and the complexities of commingling finances. And of course, we'll share Terri's personal insights and experiences that shed light on why prenups can be a vital tool for protecting individual assets and ensuring financial clarity in marriage. So, whether you're considering a prenup, navigating financial discussions with your partner, or simply curious about the legal and emotional facets of marriage and money, stay tuned—this episode is packed with valuable insights and practical advice. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of have open money conversations early in your relationship The three phases of prenuptial agreements and how to navigate the potential emotional challenges How to talk about financial history and future financial planning in your relationship Why prenups should come from a mutual understanding The reason understanding legal obligations around finances and marriage is important in your relationship How to maintain separate properties and some of the rules around community property How often you should be looking and updating your prenuptial agreement A reason to seek legal counsel before marriage The fundamental principal to achieve financial stability while making sound financial decisions The stigmas surrounding prenups Stay Connected: Connect with Terry on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

While not always an easy conversation to have, talking and preparing for the death of a loved one is incredibly important. On this week's episode, we're joined by Jana Davis, a financial advisor at Abacus Wealth Partners, who specializes in working with octogenarians and people in their later chapters of life. Jana's approach to financial planning is rooted in empathy and radical candor, making sure that elderly clients are treated with the respect and dignity they deserve. Today, we'll be diving into the importance of having open and honest conversations with our aging family members, making comprehensive plans well ahead of time, and the necessity of having a strong support team in place. Tune in as we explore the critical steps in end-of-life planning and share advice on how to handle these conversations with care and empathy. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The best way to handle the conversation around finances and health care planning for elderly family members What to consider when talking about fears and concerns for those elderly family members The best time to start planning for the death of a loved one and some signs to look for A few key pieces of information to generate (if they haven't been already) to make for efficient and effective planning What to ask for when understanding the person's financial portfolio Some of the trusted advisors to have on the team as you and your elderly family member navigate these waters Why estate planning and expense management is crucial as end-of-life approaches The importance of involving your children for the parents' financial affairs How to guard again scams and elder abuse Why a balance between empathy and logic in financial planning must be used Stay Connected: Connect with Jana Davis on LinkedIn or reach out at [email protected]  Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today, we're diving into a topic that can make or break a business—tax planning for entrepreneurs. In this episode, we're excited to have Tiffany Vaught join us. Tiffany is not just any CPA; she's a Certified Exit Planning Advisor (CEPA®) for small business owners, the CEO of Incurio, LLP, and the co-founder of Something Artists. With her entrepreneurial spirit and extensive experience, Tiffany brings a wealth of knowledge about proactive financial planning and tax strategies that can help you navigate your business journey with confidence. We'll discuss tax planning essentials—whether you're a sole proprietor or contemplating making an S Corp election, the significance of maintaining accurate records, and Tiffany's insights on the IRS's increasing use of AI for audits. We'll also touch on how unique income streams and expenses, like those from influencers, or complex real estate investments, play into your tax planning. So, whether you're a seasoned entrepreneur, a solo consultant, or just starting out, join us! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How a CPA can help provide financial solutions in your business When to do your own accounting and when to hire a professional The importance of understanding basic accounting to facilitate planning and tax filings Why accurate and timely bookkeeping is crucial for business strategy and financial planning How frequently you should be checking your business books and why A key to long-term business stability The best way to improve cash flow management and mitigate unforeseen financial challenges How to shift your operations from hand-to-mouth to forward-looking financial health What you need to be strategic with cash flow management and acquiring lines of credit Understanding how entrepreneurs can avoid crises and optimize growth strategies Resources Mentioned on the Show: The Soul of Money: Reclaiming the Wealth of Our Inner Resources by Lynne Twist Stay Connected: Connect with Tiffany Vaught on LinkedIn, Twitter, and Instagram. Visit Encuriohq.com to learn more.  Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's episode, we tackle a significant question: Is Homeownership Still Part of the American Dream? It's a complex topic, influenced by changing economic landscapes, psychological factors, and the ever-evolving housing market. We'll explore the benefits and challenges of homeownership, discuss current market conditions, and offer practical advice for those considering whether to own real estate as part of their financial journey. Tune in as we help you understand whether homeownership should still be a dream you aspire to—or if there are other paths to financial success worth considering. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The evolution of homeownership as part of the American Dream Why older generations have benefited more from the housing market The impact high-interest rates are having on the housing market How supply and demand are sharping the housing market Discussing the question of whether you should buy or rent The current economic impact that is occurring across multiple industries because of the shift in the housing market How to balance a home down payment with your other financial goals Who you should consider having on your team if you are interested in buying a home and the impact a good team can have A few things to think about when looking at a house as a long-term investment Why it's important to look to the future when thinking about becoming a potential homeowner  Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Raising kids takes a village. As the old saying goes, it really does take a community to support parents, especially in this day and age of over-scheduled lives and demanding careers. Having a tribe you can lean on makes all the difference. In this episode, Mary Beth and Neela get real about their own experiences relying on their village. They touch on topics such as the importance of building a community, learning how to ask for help, even when it's uncomfortable, navigating the pressure to "do it all" as working moms, and how investing in your village pays dividends for your family and your career. So let's get ready for an honest conversation about needing your people to get through this wonderful, exhausting journey called parenting. Let's dive in! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why building a supportive community is crucial for navigating parenthood Where to look for valuable support and resources The importance of asking for help and being vulnerable Individuals you can lean on for much-needed breaks How to attack parenthood through delegation The best way to navigate summer activities and camps for children Outside-the-box ways to invest in relationships and support each other The one word that can help avoid overcommitting and allow you to maintain a healthy life balance The encouragement you can provide your children to assist with additional support Why it's important to cultivate a diverse and supportive community, for you, for your family, for your career and for your financial future Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today, we're joined by a special guest, Daria Victorov, who is a financial advisor at Abacus Wealth Partners, and specializes in working with young professionals in tech and those who have come into wealth at a young age. Join us as we dive into the topic of financial planning for young inheritors. We'll explore the unique challenges and opportunities faced by those who come into wealth early in life, and Daria will share her insights on how to navigate this complex journey. Whether you're a young inheritor yourself or simply curious about the financial dynamics of inherited wealth, this episode is packed with valuable information and practical advice.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How Daria got into the niche of working with young inheritors The age demographic of a "young inheritor" and a few things they struggle with When inheritors typically come to seek guidance from a financial advisor The approach many inheritors take after inheriting wealth Why managing money is important for everyone, regardless of your income level The emotional and social struggles young inheritors face Why some young inheritors struggle with lifestyle adjustments Some of the initial responses financial advisors see with the inherited money How family dynamics play when it comes to inheritance and trusts and how an independent party can help navigate those family dynamics How long it can take some to create a build financial confidence Stay Connected: Connect with Daria via email at [email protected] or on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's discussion, we're diving into the world of artificial intelligence and its implications for consumers. We're joined by Gabe Brenner, a financial advisor at Abacus Wealth Partners, who shares his perspective on the integration of AI tools in financial planning and everyday life. Gabe will walk us through the potential and practical uses that AI holds, from boosting productivity to navigating complex information effortlessly, and even aiding in our creative ventures. We'll also discuss the dual nature of AI, covering both its benefits and potential risks, including AI-driven scams and the necessary precautions to protect ourselves against them. Gabe will share some of his recommended AI tools and his experiences with them. By the end of this episode, you'll have a clearer understanding of how to leverage AI effectively, its importance in our rapidly evolving technological landscape, and ways to safeguard yourself against its potential pitfalls! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Understanding the basics of AI tools and how they show up in the consumer market How to use AI for creative tasks effectively Leveraging some of the AI tools out there (and which one is best for different tasks) The impact AI is having on several careers and industries Gabe's top 4 AI tools Why it's important to verify the data obtained from AI Some of the potential risks and scams and how to implement security measures Some of the upcoming advancements in AI A few of the companies that are working to keep AI ethical and use it for good A discussion on how AI is being integrated into educational processes Why consumers should integrate AI into their daily tasks for better outcomes   Resources Mentioned on the Show: Perplexity  Claude Chat GPT-4o Gemini Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today, we bring on Kate Barron-Alicante, Director of Impact and Financial Advisor at Abacus Wealth Partners. Kate is here to guide us on a journey to becoming conscious consumers and investors. She'll share her insights on aligning our spending and investment decisions with our deeply held values, making mindful choices that do more than just serve our immediate needs—they help to sustain the communities and the planet we care about. In this episode, Kate will walk us through her own experience and offer practical, personalized steps to initiate meaningful change. We'll explore the concept of B Corps, explore the importance of impact reports, and discuss the broader implications of our financial decisions, from everyday purchases to the banks we choose. By the end of our conversation, you'll have a better understanding of how to evaluate companies on their treatment of workers, environmental practices, and social impact—so you can make choices that reflect what matters most to you. So let's jump in and get started! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: What is meant by conscious consumerism Why we should pause, slow down, and be mindful of our spending decisions What Impact Spending is and how to maximize your conscious consumerism impact Where to start to build conscious consumer habits How to tailor your conscious consumer decisions based on your personal life Some criteria to use when searching for ethical companies B Corp explained and the impact these companies have How to read and analyze a company's impact report Why you should focus on being 1% better on your conscious consumerism Other industries to include in your conscious consumer choices to leverage a collective impact in the world Resources Mentioned on the Show: B Corporation Find a B Corp Additional Resources: 2023 Abacus Impact Report  Stay Connected: Connect with Kate Barron-Alicante on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today we're exploring a topic that excites many and mystifies others:Credit Cards. Learn how to make your credit cards work for you! From understanding the perks to making sense of rewards, we'll guide you through the ins and outs of maximizing your credit card benefits. Whether you're a seasoned cardholder or just starting out, this episode is packed with insights to help you leverage your credit cards effectively. Mary Beth and Neela give insight into how they use their credit cards to maximize the offered benefits. Let's jump right in and decode the credit cards and ways to be a strategic credit card holder. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How to figure out the best credit card for you based on your lifestyle Understanding the different types of rewards and where they can fit into your plan The best way to balance annual fees and rewards How many credit cards should you have? If you are paired up, how to approach the credit card game with your significant other Some good practices to follow to avoid hits on your credit score A great way to maximize the benefits from the cards you currently have What positively and negatively impacts your credit score (and how it all works) A few tools and resources to use when exploring the credit card game The best way to utilize credit cards responsibly Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today, Mary Beth is joined by Abacus advisor, Emily Benedetto to discuss financial planning for families with young kids. Emily brings a wealth of knowledge and practical advice for young parents grappling with the new financial responsibilities that come with expanding their family. Mary Beth and Emily discuss everything from managing emergency funds, life insurance, the importance of discussing money openly, to how to save for your children's future. Whether you're expecting your first child or navigating financial planning with little ones running around, this episode is packed with valuable insights.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The reason having an emergency fund is a necessity, especially with young kids Some savings adjustments you can make to continue to focus on your financial goals and meet the needs of your littles Two things you should take care of within the first year child's life How to manage the cost of childcare and other options to consider When right time is to be thinking about your kids' college savings The importance of revisiting your financial plan once your child has been born Ways to make ends meet without breaking the bank  Adjustments you can make to your financial decisions, so it doesn't feel like you've pushed your financial goals aside for your kid The importance of having open discussions with your partner about money Resources Mentioned on the Show: How to Teach Your Children About Money with Gabe Brenner Stay Connected: Reach out to Email at [email protected] or on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's episode, Mary Beth and Neela demystify the world of investing. They explore the crucial differences between saving and investing, underscore the importance of starting early to take full advantage of compound interest, and explain why diversification is your best defense against market volatility. Whether you're a seasoned investor or just starting out, this episode will equip you with the knowledge to make wise investment decisions and set you on the path to financial security. Get ready to transform the way you think about money, as we break down complex financial concepts into easy-to-understand language. Let's dive into the basics of investing and learn how to let your money work for you! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The best way to leverage the power of compound interest and maximize wealth accumulation Inflation explained and how to outpace it Why diversification is so crucial to your financial success How to approach your emotions around investing The reason to focus on long term planning for your investments Sorting out the differences between saving and investing How to evaluate and understand your risk tolerance The best way to get started on your investment journey  Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

In today's episode, Mary Beth Storjohann, CFP® and Neela Neela Hummel, CFP® dive into common misconceptions and hidden truths about retirement planning. They unpack quotes and beliefs about retirement, investing, and saving, providing clarity on important financial concepts that directly impact your retirement future. Tune in to see if you know which of these sayings are true and which ones are lies! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why you should examine your retirement plan before approaching retirement age Why it's important to start early when saving and investing How to approach Social Security when it comes to retirement planning The truth about long-term healthcare costs and what to consider Why even saving a small amount consistently can help in the long run How to approach retirement if you are a small business owner The difference between saving and investing Tools to leverage for retirement planning Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

In today's episode, Mary Beth Storjohann, CFP® and Neela Neela Hummel, CFP® explore the concept of financial freedom and how to know if you're on track to achieve it. They discuss the different interpretations of financial freedom, retirement planning, the FIRE movement (Financial Independence, Retire Early), the impact of savings and investment on achieving financial freedom, and the importance of having a diversified financial portfolio. They also touch upon the psychological aspects related to money, the significance of tracking net worth and budgeting, and the use of online retirement planning calculators to gauge progress toward financial freedom. They emphasize the personalized nature of financial planning and the need for a holistic approach when considering factors such as expenses, income streams, assets, and tax allocation. Tune in as Mary Beth and Neela share their insights on achieving financial freedom and providing valuable advice to help you on your path to financial independence. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Why being financially free means different things to different people How to define what financial freedom means for you Other definitions of being financially free besides retiring Why many people continue to work once they've reached financial freedom What the FIRE movement is and the sacrifices that come with it The 4% retirement rule and how to apply it to your life The importance of having a combination of assets when approaching retirement The tax implications if you are solely relying on your 401k during retirement The importance of tracking your net worth throughout your life The importance of a budget and understanding your household expenses as you approach retirement Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel unpack the emotional fabric of financial planning through the lens of a journey both personal and common - infertility. Together, they explore the emotional and financial complexities of fertility treatments, the importance of setting a budget, the different financing options available, and how to navigate the intersection of monetary investment and deeply personal choices within the journey of starting a family. Join the conversation and navigate these intricate waters with empathy and financial acumen on today's episode. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of knowing what your insurance covers when it comes to fertility treatments Questions to ask when speaking with your insurance company about fertility treatments Why you need a budget when it comes to such an emotionally tolling topic The reason you shouldn't accept the first offer when it comes to the price for the medications needed for fertility treatment How to go in with a plan so it doesn't completely ruin your financial health Other financial options you can explore instead of just taking the first one presented to you by the fertility clinic Why you should consider the long-term financial implications when making your family plan The importance of discussion the extremes should the worst-case scenario happen Caring for your mental health and how to prepare How intertwined financial planning and infertility planning are and how to set yourself up to stay on track Resources Mentioned on the Show: Bunless Oven: Bring Hope to Your Trying-To-Conceive Tears by Sandi Sheehan Stronger Than Infertility by Heather Huhman Navigating Infertility and Finances in 10 Steps Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today we dive into the nuances of personal finance, challenge financial stereotypes, and explore how they might be influencing your relationship. In this episode, Mary Beth Storjohann and Neela Hummel discuss the common stereotypes around money management within relationships and share their personal experiences about how these assumptions have played out in their lives. They tackle a variety of themes from the ingrained idea that 'money is a man's work,' to who should handle the investing, to the societal pressures and expectations when women are the breadwinners. Tune in for this candid, sometimes humorous, but insightful conversation and let's reflect on the financial dynamics that can play out in relationships. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Some of the financial stereotypes that exist as cultural norms or practices How some of these stereotypes show up in heterosexual relationships The challenges with one partner handling all of the finances Societal expectations for men and women when it comes to paying the bill  How better financial outcomes can come when both partners are engaged financially The stereotype behind who handles investments and how studies have countered the societal expectation The struggle women face, especially as breadwinners in heterosexual relationships and the additional pressure society puts on them The importance of good communication and an equitable division of financial roles within a household Why many stereotypes around money should be challenged Resources Mentioned on the Show: The Gender Wage Gap and What to Do About It The Gender Wealth Gap and What to Do About It Fair Play by Eve Rodsky Financial Planning for Women Abacus Academy Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

Today, Neela and Mary Beth delve into their personal journeys and the financial wisdom they've amassed since their early twenties. From Neela's credit card reckoning post-studying abroad to Mary Beth's strategic dance with student loans, they'll discuss the crucial early steps they wish they'd taken, like the timely kick-off of a Roth IRA and strategies for building personal wealth. Along the way, they'll tackle the gender gaps in entrepreneurship, unravel the mysteries of paychecks and taxes, and underscore the transformative power of smart saving strategies. With a lens on the past and an eye toward the future, they lay the groundwork for financial fluency and success. Tune in and equip yourself with the know-how to navigate your financial world with confidence. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Some tips for all of us to help keep us financially on track and avoid the sidetracks How to address splitting the bill when going out with friends How to avoid the feeling of obligation if you are a higher earner How to start building your credit early (and how to continue to protect it) A few good financial habits that future you will be thankful for How to budget for events that come up that you want to attend If you have the support, how to lean on your family to make sure you stay on track financially One way to approach a career change, to include exploring entrepreneurship A few tips to take calculated risks in your career and in your finances How to establish a good financial foundation Additional Resources: Retirement Savings Strategies for Every Decade of Your Life 401(k) vs IRA: How to Save for Retirement Your Greatest Asset: Investing in Yourself for Career and Financial Growth How to Negotiate Your Salary Like a Pro Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

In today's episode, Kahne Krause joins Mary Beth and Neela to talk about the power of female communities. They discuss the strength of solidarity in women's lives, and understanding the power of investment strategy, particularly for women. They talk about the gender confidence gap and the unique challenges and opportunities women face in their financial lives. They also explore the transformative power of community in wealth and investing, and the importance of dialogue and reflection in building healthy relationships with money. Learn about the power of empathy and connection in building a fulfilling financial life.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The impact Kahne has made leading client communities through Dimensional A reflection on women communities and how we can help each other The impact Women and Money is having on women advisors and clients Gender disparities and unconscious bias in finance Why wealth management in not just about the numbers Why advisors should look for those deeper conversations with clients The importance of empathy when talking about money A discussion about money, shame and basic human needs How the confidence code can be applied to wealth management as well The reason to look at the long-term plan when it comes to investing Resources Mentioned on the Show: Dimensional  Stay Connected: Connect with Kahne on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Join us today as hosts Mary Beth and Neela dive into the powerful role of the female consumer in today's economy. They discuss the significant impact women have on spending and how they are increasingly aligning their financial choices with their values. From supporting female-led content like the Barbie movie and Taylor Swift's tour to making solo travel and home purchases, women are taking charge of their spending decisions. The hosts also explore the concept of the "pink tax" and the importance of using our voices as consumers to demand better quality products. Join Mary Beth and Neela as they empower listeners to make informed financial choices and discuss the implications of the growing purchasing power of the female consumer. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The influence women have with their purchasing power The increase women will continue to have over their discretionary spending and how it is impacting their mental health Why women are supporting women-created products The benefit women are seeing with aligning their money with their values Ways women can encourage companies to align their products with the values women are looking for A discussion of "the pink tax" Why women must use their voices to make change in this world Resources Mentioned on the Show: The Rising Purchasing Power of women: Facts and Statistics 2023: The Year of Women as Economic Powerhouses Bite Toothpaste  Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Generosity isn't just about the dollars—it's the intention, impact, and legacy we build. In this episode, we're exploring what's at the heart of charitable giving. Mary Beth and Neela discuss the transformative power of donor-advised funds, and share their personal journeys of turning philanthropy into a family affair. They also untangle how to choose causes that align with values while making sure your financial house is in order first. No matter where you're starting, there's a path for you to make a difference. Listen in to hear about some of the ways you can expand what's possible with your charitable giving and philanthropy.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Different ways to give besides just donating money to charities Considerations to explore when determining the causes and charities you want to participate in A financial planner's perspective when it comes to giving Mary Beth and Neela discuss how they each handle charitable giving in their families Questions to ask yourself when thinking about the impact you want to have through charitable giving Other ways to contribute besides financially The importance of putting on your own oxygen mask first How to measure the impact you have within a charitable organization How to tailor your charitable giving based on your life stage Incorporating charitable giving into your estate plan The positive impacts generosity has on mental, emotional and physical health How to vet an organization Tips for selecting a charity and other ways to allocate funds to charities Resources Mentioned on the Show: Subscribe to the Abacus Newsletter How We Gave Away $100,000 by Mary Beth Storjohann How to Use a Donor Advised Fund to Give to Charity How to Make the Most of Your Charitable Donations Charitable giving and creating an impact at Abacus' Resource Generation Charity Navigator Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today we are joined by Shruti Dhalwala, Vice President of Advisory at Acceleration Community of Companies where she co-leads public relations and strategy for the agency's PepsiCo business. In this episode we will dive deep into the tapestry of financial communication and unravel the power dynamics that shape the narratives of business and personal branding. Shruti brings invaluable insight on the stories behind successful public relations, guiding us through the nuanced game of information in our hyper-connected world. She talks about owning your accomplishments, nurturing your teams, and prioritizing trust in every transaction. Whether you're leveraging your branding or navigating the latest market shake-up, it's about adding value and injecting humanity into every interaction. Join us today to listen to the amazing insight Shruti shares with us! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: Some of the common misconceptions when it comes to public relations The human element of public relations The effect PR has on a brand and how that PR can make an impact The importance of telling stories that people can connect with The differences among genders when it comes to seeking attention and recognition The best way to move forward during the chaos and the mindset to have The impact of financial decisions when it comes to personal freedom As leaders, balancing action and inaction when it comes to sensitive topics The best way to connect with consumers and why you should focus on value Some of the challenges faced when controlling the message in a digital world What to do when a PR crisis arises  Resources Mentioned on the Show: Start With Why by Simon Sinek Find Your Why by Simon Sinek Stay Connected: Connect with Shruti Dhalwala on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

On this episode of If Money Were Easy, Mary Beth and Neela are joined by their colleague and fellow partner at Abacus, Gabe Brenner, CFP® to discuss teaching children about the true value of money. They explore the hands-on "three jars method," also known as Spending, Saving, and Sharing Jars, navigating allowance, and the importance of allowing kids to make financial mistakes early in life. The three of them talk about the balance between autonomy and guidance, from tactile cash handling to digital banking savvy and discuss the importance of creating a space for kids to fail safely and how it can be a key to building their financial confidence. Tune in to learn some savvy money lessons you can incorporate into your child's financial journey to adulthood. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: A few ideas on how to raise financially savvy children How to educate children about money without spoiling them The three jars method, also known as the spend, save, share approach The importance of encouraging your children to give some of their money away and the lasting effects it can have on them How to allow your children to have small financial failures to learn from The best way to approach an allowance and if it should be tied to chores A method to teach your children about interest and the benefits of saving How Gabe handled a clothing allowance for his daughters growing up What it looks like when your children reach driving age and some things to consider Stay Connected: Connect with Gabe on LinkedIn or reach out at [email protected] Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today, Mary Beth and Neela delve into the intricacies of the gender risk tax and the glass cliff phenomenon. They unpack these widespread challenges, delving into their repercussions for women in the corporate world and propose practical approaches to surmounting them. From dissecting the subtleties of risk assessment to unveiling the eye-opening statistics surrounding the glass cliff, Mary Beth and Neela illuminate the truths and offer guidance on how women can effectively navigate and prosper within these contexts. Tune in for empowering insights and a call to build a supportive network to pave the way for a more equitable future. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The financial stereotypes of women and where these stereotypes come from Why it is critical to build a trusted team, seek mentorship and self-promote What the gender risk tax looks like and how it impacts women The importance of balanced communications, embracing failure and learning from your mistakes The glass cliff phenomenon explained What a Harvard Business Review study showed on why women are more likely to lead struggling companies How to recognize the glass cliff and why we must have boundaries Resources Mentioned on the Show: A Free Solo in Heels: Corporate Risk Taking Among Women Executives and Directors The Gendered Consequences of Risk-Taking at Work: Are Women Averse to Risk or to Poor Consequences? Why Struggling Companies Promote Women: the Glass Cliff, Explained How Women End Up on the "Glass Cliff" Who Thinks Women Might Make Better CEOs? Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today we're joined by Abacus' co-CIOs, Lindsey Woodward, MBA, CFP® and Matt Rivera, CFA, CFP®, to discuss how the fourth quarter of last year turned out and how the markets and economy ultimately performed in 2023. Despite predictions of recession and high inflation, the market defied the odds, ending on a high thanks to disciplined investing. Mary Beth and Neela will talk with Lindsey and Matt about why interest rates change, what can cause them to go up or down, and how that can affect you. Lindsey and Matt will also reveal how investors can approach swings in the stock market and what to stay focused on. They will finish up with talking about what you can control, what to do about the things you can't control, and how to keep your finances on track! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How the markets in Q4 compared to the rest of 2023 Why the Fed raises or lowers interest rates Why discipline is important when investing and how 2023 demonstrated that What to focus on in your investments when markets are up and down Some info on values aligned investing and ESG investing How to tell if the funds you are in are values aligned or ESG funds The impact geopolitical events can have on stock market volatility Expectations for the market going into this election year Reasons to focus on your long-term investment strategy, even when the short term is volatile Resources Mentioned on the Show: Q4 Reflections: Easing Financial Conditions, Key Lessons from 2023, and What Investors Can Do in 2024 Are My ESG Investments Greenwashed or the Real Deal? Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Welcome to a new year and a new season of the If Money Were Easy podcast. On today's episode Mary Beth and Neela dive deep into how to set yourself up for a financially strong year. They discuss the power of realistic goal setting, the smart habits that help you save effortlessly, and how investing in your mental health and relationships can bolster your finances. They share personal insights, reevaluate their own financial strategies, and even discuss making this year about finding balance over setting strict goals. If you're ready to transform your approach to money and prepare for all that 2024 has to offer, tune in to this episode and start paving your path to financial freedom. Remember, it's less about the numbers and more about the journey! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The approach Mary Beth and Neela have to New Year's resolutions for 2024 The importance of letting yourself slow down Why it could be beneficial to have fewer New Year's resolutions How to wrap your financial priorities and long-term goals into your resolutions Why it's important to set realistic personal and financial goals What you should work to maximize and what debt you should tackle Investment options to look at for your annual financial goals How have your income goals changed over time How the psychology of money could be affecting your money habits   Resources Mentioned on the Show: 9 Tips for Achieving Your New Year Money Goals 4 Money Intentions to Help Build Wealth and Find Ease Atomic Habits by James Clear Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

As we wrap up 2023 with this final episode of the year, Neela Hummel and Mary Beth Storjohann discuss what it looks like as a day in the life of a CEO. They discuss their daily routines, challenges they face, and what about their roles as CEOs lights them up. They talk about the balances they try to find throughout their weeks and the importance of establishing and keeping boundaries. Join us today to wrap up 2023! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The daily routines for Mary Beth and Neela How each of their mornings look before even starting the workday The benefits of setting boundaries One of the big challenges they face as a CEO How they balance competing interests and still manage to put people first The importance of free space during your work week Why it's critical to walk the talk, inspire change and create impact Two things that are critical for personal and company success Resources Mentioned on the Show: Behind the Scenes of Co-Leadership Entrepreneurial Operating System (EOS) B Corp What it Means to Be a B Corp Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

On this episode of If Money Were Easy, we explore the journeys with alcohol, the rise of the sober curious movement, and the financial and personal impacts of alcohol consumption. From the day-to-day cash flow savings to the long-term impact on health care expenses, we examine the holistic effects of alcohol on our lives. With mindfulness and intentionality at the forefront, we explore the financial and personal considerations of alcohol consumption, offering valuable insights for listeners looking to expand what's possible with their money. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.   What You'll Learn in this Episode: Personal stories for Mary Beth and Neela around the topic of alcohol The societal pressures we all face when it comes to drinking How marketing campaigns target women through societal expectations Looking at the impact and cost drinking has in your life Exploring the motivation behind why people drink Examples of a few books to explore mindfulness and intentional living Looking at our daily choices and how that can impact our long-term finances When you choose to drink, is it in line with what you want your life to look like Resources Mentioned on the Show: Why is Gen Z Drinking Less? by Alejandra O'Connell-Domenech What America Spends On Booze by Lam Thuy Vo The Cost of Excessive Alcohol Use Substance Abuse and Mental Health Services Administration (SAMHSA) Quit Like a Woman by Holly Whitaker Sober Curious by Ruby Warrington The World Health Organization on Alcohol Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today we're diving into an important topic, one that's often overlooked: the strength of your financial boundaries. We'll discuss the benefits of separate health insurance and retirement plans for dual-income couples, the significance of aligning your spending with your personal values, and the influence of societal pressure on our financial decisions.  We'll also delve into big costs, like housing, transportation, childcare, and health insurance. Additionally, we'll address the complex task of planning for intergenerational care and financial responsibilities while highlighting the importance of setting boundaries.  For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Setting boundaries in a variety of areas of your life The financial consequences that occur for women when neglecting self-care One of the biggest challenges when setting boundaries How to navigate priorities to mirror your boundaries How a wealth divide among family members can make boundaries a challenge The importance of having a financial planner to discuss finances with your partner How to have healthy relationships and healthy boundaries with your partner The balance dual income couples need to find with careers, family support, finances and household dynamics Why you and your partner should examine and discuss spending habits Society has a lot of expectations of us; are they always what we want? The reason it is critical to choose yourself over what society tells you The results that will come when you do the self-reflection and the work Resources Mentioned on the Show: Set Boundaries, Find Peace: A Guide to Reclaiming Yourself by Nedra Tawwab Nedra Glover Tawwab website Depression in women: Understanding the gender gap Researchers study anxiety differences between females and males Mint.com Hacking Your Finances: Five Mint.com Problems and Their Solutions Michael Kitces Real Self-Care: A Transformative Program for Redefining Wellness (Crystals, Cleanses, and Bubble Baths Not Included) Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

In today's episode, Mary Beth and Neela build out the topic of renovating your home in an eco-conscious way. Neela shares her expertise and passion for creating a sustainable living space as she's currently experiencing a renovation. She explains why eco-conscious home renovation is important – not just for the environment, but also for the health and well-being of your family. She highlights the environmental impact of real estate and discusses how the materials and energy used in construction, heating, cooling, and lighting can contribute to energy consumption and pollution. She also shares her experiences and insights from her home renovation journey, offering valuable advice and resources to help listeners navigate the process. Tune in to learn about any changes you might want to make in the future! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Appliances that can help make your home more energy efficient Upgrades to the internal and external parts of your home How to tackle the many decisions that go into a home renovation and how to approach them in an eco-conscious way Rebates you can take advantage of when renovating your home Why you should talk to your CPA when improving the energy efficiency of your home The importance of listing your "must-haves" versus your "nice-to-haves" Compromises you'll need to consider when renovating eco-consciously The long-term gains that can come with changes you make to your home Why "perfect" doesn't have to be the goal when renovating Resources Mentioned on the Show: Energy Star How to Do an Eco-Friendly Home Renovation B Corporation B Lab  Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn

Welcome back to another episode of the If Money Were Easy podcast. Today, Mary Beth and Neela dive into some financial items to check in on before the end of the year. They explore what to focus on when creating a 2024 budget and what to account for when eyeing future spending. They also discuss how to approach your charitable giving, understanding your "why", and help define which causes are truly meaningful to you. As the year end approaches, be sure to listen to this episode and help keep your finances moving in the right direction! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Reasons you should evaluate your financial situation before the year ends Items you should focus on with your finances Things to consider for your 2024 budget How to approach next year's budget and tools for tracking spending Something specific to think about when deciding which charities to give to Ways to prioritize and plan for future spending goals The importance of understanding "why" you contribute to retirement planning accounts or 529 plans, and what those numbers mean A summary of topics to touch on as the year wraps up Resources Mentioned on the Show: Empower (formerly Personal Capital) YNAB Mint.com Smart Charitable Giving How to Maximize Giving and Save on Taxes with Donor Advised Funds Estate Planning Essentials for Parents of Young Children with Bahar Geslin Additional Resources: Part One: 29 Smart Financial Tasks to Complete Before Year-End Part Two: 29 Smart Financial Tasks to Complete Before Year-End Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

In this episode, we delve into the world of financial planning as a solo business owner. Our guest, Ariel Ward, is experienced in helping small business owners navigate the complex world of finance to make smart decisions that ensure both personal and business success. With a focus on providing permission, managing risks, and strategic planning, Ariel explores timely topics like business budgeting, retirement planning, insurance, and estate planning. She also sheds light on the challenges faced by business owners around paying themselves, investing in their business, and finding balance between business growth and personal financial goals. Join us for insight on how to navigate the financial landscape of being a solo business owner! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.  What You'll Learn in this Episode: Balancing paying yourself, contributing to retirement plans, and investing in the business How Ariel guides clients through tough decisions The importance of tracking business spending, analyzing returns, and making strategic decisions How to contribute to your retirement savings and get your kids involved, too Finding the balance between business and family needs Why you must monitor return on investment (ROI) as you forecast business growth Insurance policies all solo business owners should have Things to think about when creating your business structure Who you should have on your team to keep business growth on track What to consider around using a line of credit to grow your business Resources Mentioned on the Show: Retirement Plans for Self Employed People 5 Ways Business Owners can Protect Themselves Financially by Ariel Ward I'm Self Employed. How Do I Save for Retirement? by Ariel Ward The Financial Archetype Quiz Stay Connected: Connect with Ariel Ward on LinkedIn or reach out to her at [email protected] Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Neuroscientists, psychologists, and experts have examined it, while other professionals have speculated and pursued the truth. Today, we delve into the age-old question: Can wealth genuinely make you happy? In this episode, we examine the correlation between money and happiness, explore happiness beyond financial means, and look at the factors that contribute to a truly happy life such as human connection, relationships, and experiences over material possessions. We'll also explore the psychology and neuroscience behind the fusion of money and joy, and debunk some common misconceptions along the way. Listen today! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: What happiness might look like when basic needs are met Why the wealthiest clients aren't always the happiest clients How technology can help with needs but also interfere with happiness The importance of slowing down and embracing change Some common traits the happiest clients share Why discomfort is necessary for change and growth Things to think about when focusing on happiness The reason you must identify your values and align your goals with those values Resources Mentioned on the Show: Does more money correlate with greater happiness?  Experienced well-being rises with income, even above $75,000 per year Finding Your MoneyZen with Manisha Thakor Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Licensed clinical psychologist Dr. Joy Lere joins us to explore the profound impact that difficult times have on individuals and how they can navigate their ongoing challenges. She sheds light on the various cognitive changes and sacrifices made by people during the pandemic – particularly mothers – and how its lasting effects continue to shape lives. Dr. Lere also explores developing more emotional awareness, the toll that constant stress and the fight-or-flight response takes on our bodies and minds, setting boundaries, and the importance of self-compassion through better self-talk. Join us as we seek to enhance our emotional intelligence to empower ourselves, create a healthier relationship with money, and find resilience and growth for a renewed sense of possibility. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How stress and sacrifice can impact our lives, particularly women The importance of seeking support, especially when trying to juggle it all Why you must set boundaries at home and in the workplace A great way to develop personal growth Why money makes life so complex Why it's critical to understand emotions How leaders can provide graceful and effective feedback How being your own worst critic hurts you The reason we must embrace discomfort if we want to grow and improve our lives Resources Mentioned on the Show: Shaping Wealth JoyLere.com  Stay Connected: Connect with Dr. Joy Lere on Sub Stack and on Twitter, Instagram, and LinkedIn. Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today we dive into the meaningful topic of estate planning for families with young children with special guest, Bahar Geslin. Bahar is an estate planning attorney with a unique background in psychology, joins Neela and Mary Beth to shed light on the often overlooked aspects of financial planning for your children's future. From tax planning to guardianship decisions, Bahar shares valuable insights and guidance on how to navigate the complexities of estate planning. Join us as we explore the fears, uncertainties, and practical steps necessary to ensure the well-being and security of your loved ones. If you have young kids and want to take control of your estate planning, this episode is for you! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of estate planning and how it varies by state What to think about when choosing guardianship for your children A quick review of documents to add to your trust What it means to fund your trust and how to do it How Bahar uses her psychology background to help clients with estate planning documents The biggest reason people don't start getting their estate in order A great exercise to ensure your intentions are known for your children What life events might require you to update estate planning documents (and how often) The importance of simply getting started and how estate planning attorneys can guide the process Resources Mentioned on the Show: GeslinLaw.com  Additional Resources: How to Choose a Guardian by Bahar Geslin Your Complete Estate Planning Checklist by Christopher Stroup Preparing for Death – The Greatest Gift You Can Give Your Loved Ones by Susan Olson Stay Connected: Reach out to Bahar Geslin via email at [email protected], or connect with her on Facebook and LinkedIn. Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Whether you're approaching 60 or you're years away, it's never too early to be curious what retirement might look like. Today, we're joined by financial advisor Barrett Porter to help us explore the concept of retiring early and create a life where work is no longer a necessity. We dive into what options you have for retirement independence, the emotional readiness of actually retiring, and the idea of FIRE – what it truly means to have the option to retire at any moment. Barrett shares insights on how work is often tied to our identity and the struggles of envisioning a life beyond the career we've known for so long. We also hear inspiring stories of people who have successfully retired earlier than expected and how financial planning played a crucial role in their journey. Hear about the "Done by 60" concept, the benefits of downsizing or changing living arrangements, and how to financially navigate the uncertainties of project-based work. Join us in an enlightening conversation that can change the way you think about retirement and making work optional. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in This Episode: A website to help you enjoy the glory decade Comparing and contrasting the "Done By 60" movement with the FIRE movement What "work optional" looks like for some clients How some clients react emotionally when they've reached their work optional goal What financial planning looks like when you can choose whether to work How to plan for your future when your income ebbs and flows What it means to live off your portfolio after you've saved up over the years Housing and healthcare considerations when planning to make work optional A few tricky points on how your home relates to your wealth Creating a long-term care plan without using long-term care insurance Resources Mentioned on the Show DoneBy60.com Stay Connected Connect with Barrett on Facebook and LinkedIn and visit his website, DoneBy60.com Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Looking for inspiration to navigate a career transition? On this episode of If Money Were Easy, we're joined by special guest, Susan Olson, CERTIFIED FINANCIAL PLANNER™ and Certified Divorce Financial Analyst at Abacus Wealth Partners. Susan shares her inspiring journey of making a career pivot and finding success in an unexpected field. From taking a significant pay cut to feeling overwhelmed in her new role as a financial advisor, Susan's story reminds us of the power of embracing change and learning as we go. Join us as we explore the importance of skills accumulation, the value of diverse experiences, and the impact a career pivot can have on both personal fulfillment and professional success. It really is never too late if you're looking to make a career change. Tune in today! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: Where Susan's career journey began and the twists and turns it took along the way The challenges and skills Susan experienced as a school principal A career change's value and what you can take from a previous career How research is important when exploring a new career Why you have to invest in yourself How to take skills from one industry and apply them to others Where Susan got her passion in each of her careers and when she knew it was time to pivot Resources Mentioned on the Show: So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport Why Women Don't Apply for Jobs Unless They're 100% Qualified by Tara Sophia Mohr Playing Big by Tara Mohr Stay Connected: Reach out to Susan at [email protected] or connect with her on LinkedIn. Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

On this episode of If Money Were Easy, we'll be diving deep into the fascinating yet challenging topic of self-leadership and "giving yourself permission." Our guest today is Amanda Flisher, who shares a captivating analogy that perfectly captures the process of pursuing our goals – from sitting on the dock, yearning for the future, and taking that brave step into the unknown. We discuss the importance of understanding ourselves, giving ourselves permission to be authentic, and making decisions based on our personal values and desires. Amanda also shares insight into how she helps individuals discover their strengths through tools like Strengths Finder (now called Clifton Strengths), and how these strengths play a pivotal role in redefining success and fulfillment in our careers. Whether you're in a corporate job contemplating a role change or simply wanting to better understand yourself, grab a cup of coffee, sit back, and join us! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: How to start exploring self-leadership and find authenticity The challenges we face in giving ourselves permission Why giving ourselves permission can be essential How to find your purpose and not follow someone else's A useful analogy to discuss life changes and why it can be such a challenge How to redefine success and change your narrative How to empower yourself and others through knowing your strengths The importance of leaders knowing and understanding themselves How to positively impact your team by defining your own strengths first Resources Mentioned on the Show: Strengths Finder - The Clifton Strengths Assessment AmandaFlisher.com    Stay Connected: Connect with Amanda Flisher on LinkedIn and Instagram Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn

Today we dive into the unique financial planning needs of the LGBTQ+ community. To navigate this often overlooked area of finance we talk with special guest Christopher Stroup, a CERTIFIED FINANCIAL PLANNER™ with expertise in LGBTQ+ financial planning. Together, we explore the financial implications of marriage, adoption, surrogacy, and estate planning for LGBTQ+ individuals. We'll shed light on the challenges faced, from workplace discrimination to systemic barriers in the insurance industry, and you'll learn how to build a safety net, maximize employer benefits, and plan for the future. Join us as we uncover the key strategies to empower and support the LGBTQ+ community on their financial journey. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in This Episode: The unique financial planning needs of the LGBTQ+ community The importance of estate planning LGBTQ+ individuals What documents you need to ensure your assets go to the right people The best way to control your assets should you become incapacitated The best way to ensure your children are taken care of How life insurance can intersect with estate planning How marriage affects tax planning and estate planning for the LGBTQ+ community Common hurdles LGBTQ+ clients face with their finances Financial misconceptions about the LGBTQ+ community How workplace discrimination can affect long-term financial goals Five steps to get you started towards a better financial future How to financially plan on growing your family (and what to consider) How to find a financial advisor that's right for you Resources Mentioned on the Show: Mint.com Empower (formerly Personal Capital) You Need a Budget (YNAB) Additional Resources: Estate Planning Tips for LGBTQ+ Couples LGBTQ+ Family Planning: The Price of Parenthood Financial Planning for LGBTQ+ Couples: Do I Need to Plan Differently? LGBTQ+: How to Find a Financial Advisor That's Right for You Stay Connected: Connect with Christopher on LinkedIn and on Instagram, @christopherlstroup Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn