Working Toward Equal Pay One Client at a Time

Working Toward Equal Pay One Client at a Time

I recently came across a study by Benjamin Artz, Amanda Goodall, and Andrew J. Oswald that concluded that women actually are asking for raises as often as men, but their requests are treated differently. This led me to another interesting study by Andreas Leibbrandt and John A. List that found that men and women had similar negotiation behaviors when job descriptions specifically noted that the wages were negotiable. If it was not mentioned, then the men in the study were more likely to negotiate than the women.

#MeToo and Your Money

#MeToo and Your Money

Michelle Williams. Ashley Judd. Emma Thompson. Reese Witherspoon. Other than being famous actresses these women have one big thing in common. All of these women have been able to share their voices in post #metoo Hollywood. What else do they have in common? They have MONEY. Yes, money. Having money has allowed them to quit jobs, campaign on capitol hill, and fight workplace sexual harassment. And that’s just in the last 18 months!

#MeToo, Mansplaining, and Merino Wealth's 3rd Anniversary

#MeToo, Mansplaining, and Merino Wealth's 3rd Anniversary

April has become my favorite month. April 1st is not only April Fool’s Day, but it’s also Merino Wealth’s Anniversary. This year we turned 3! In my line of work, I often see that businesses typically hit their stride in the 3-5 years range so it feels great to be on this side of things.

A lot has happened in these past three years. “MeToo” and “Timesup” have taken on new meanings while terms like Mansplaining and The Mental Load have helped to articulate things some of us have been feeling for years. We have a record number of women serving in Congress. And let’s not forget “The Year of the Woman!”

New Job Financial Check List

New Job Financial Check List

Did you just receive a job offer and you’re not sure what to do next?  Congrats on the new gig!  Job transitions can be exciting and busy, so it’s important to be thoughtful with your financial decisions during this time.  Our clients typically want to maximize their new job opportunities so I’ve compiled a new job checklist based on some of the successes and pitfalls we’ve seen over years. 

We Are Here to Help Navigate the Unexpected

We Are Here to Help Navigate the Unexpected

Back in January, Addie forwarded a client email to me, “Can we set up a 30-minute call to go through stuff? We have some big life news -- we're moving to California within the next 4-6 weeks.”

Apparently, this client’s spouse (who I will refer to as Client #1) received an awesome job offer for a huge tech company so they decided to pack up their family and head out West. I was thrilled for both of them and immediately jumped into financial advisor mode. We’ve gone through many transitions like this over the years so I started working through my mental checklist…

Merino Wealth’s 2019 Financial Kickoff!

Merino Wealth’s 2019 Financial Kickoff!

Our theme was “What is Financial Planning?” We realized that Merino Wealth’s approach to financial planning can come across as a fuzzy concept. Many times it leads to the question “so what do you DO for clients?” To prepare for the event I looked at our approach from all angles. The outcome of financial planning is different from client to client, but I noticed some top benefits…

What’s New in 2019 for Small Business Owners

What’s New in 2019 for Small Business Owners

If you’re a business owner choosing a retirement plan can be challenging. Staying on top of it can be even more of a challenge. If 2018 was a great year for your business then you might be looking to increase your retirement contributions this year. Are you wondering “What is the maximum I can save into my Small Business Retirement plan?” If so, then you’ve come to the right place. Here’s a break down of the new contribution limits of some popular retirement plans for SBOs…

What’s New in 2019 with IRAs

What’s New in 2019 with IRAs

Happy New Year! Now that 2018 is over it’s time to ring in the new year with new tax law changes. So if you woke up January 1st asking what’s changed then you’ve come to the right place. One big question that I hear all year round is “How much can I put into my 401(k)?” And if you asked me in December the number would’ve been different than it is today so read on for the answer…

What’s New in 2019 with Your 401(k)

What’s New in 2019 with Your 401(k)

Happy New Year! Now that 2018 is over it’s time to ring in the new year with new tax law changes. So if you woke up January 1st asking what’s changed then you’ve come to the right place. One big question that I hear all year round is “How much can I put into my 401(k)?” And if you asked me in December the number would’ve been different than it is today so read on for the answer…

"What Do They Actually Do For Their Clients?"

"What Do They Actually Do For Their Clients?"

This is a really fun and exciting time around our office. After spending time with our loved ones for the holidays, we are back at work with New Year’s Resolutions and a new tax year. Through our financial planning process, it’s our goal to help clients make more comfortable and confident financial decisions. So when someone reaches out to us this January, we want to make all this money stuff easier. But what does that actually mean?

You Still Have Time to Reach Those End-of-Year Goals

You Still Have Time to Reach Those End-of-Year Goals

Going into 2018 I set a goal for myself to establish a retirement plan for Merino Wealth. I looked into options, received feedback from my employees, and figured out the logistics. I then decided on the type of plan, the company match, and even planned to integrate Environmental, Social and Governance (ESG) factors into the investments. While presenting at financial workshops to audiences all over Chicago, I announced this as my top 2018 goal. Wanna guess what happened next?

Celebrating Your Personal Financial Milestones

Celebrating Your Personal Financial Milestones

One of the tricky things about money is the awkwardness that comes with discussing your financial situation when things are going well. I rarely see Facebook status messages regarding every day financial achievements like “Who’s got two thumbs and is maxing out their 401(k)!? This guy.” But you know what? Maxing out your 401(k) feels GREAT.

Want to Be a “Responsible Investor?”

Want to Be a “Responsible Investor?”

One fun thing that we’re doing at Merino Wealth is helping our clients invest in ESG (Environmental, Social, and Governance) investments or what’s sometimes referred to as socially responsible investment vehicles.  In 2015 the Morgan Stanley Institute of Sustainable Investing conducted a survey and found that 71% of individual investors are interested in sustainable investing.1  More and more I’m finding that consumers are voting with their dollars, so it makes perfect sense to want to invest in a manner that aligns with your values.

Celebrate November is Referral Month & Jessica’s Birthday with Merino Management

Celebrate November is Referral Month & Jessica’s Birthday with Merino Management

It’s a real joy when we hear people say that hiring a Financial Advisor was one of the best decisions they’ve made.  It would be easy to put some money in an index fund somewhere, but there’s so much more we can accomplish with our clients when we work on your future together.  

Who Will You Be Giving to On #GivingTuesday?

Who Will You Be Giving to On #GivingTuesday?

As a non-profit supporter, you’ve probably heard the buzz about #GivingTuesday and may be asking “What is this day all about?” #GivingTuesday started in 2012 and is observed on the Tuesday following Thanksgiving, Black Friday, and Cyber Monday. More than just a day on the calendar, #GivingTuesday is a movement that inspires giving back in contrast to Black Friday and Cyber Monday that promote consumption of all things holiday related. It is often referred to as the opening day of the holiday giving season.

What Goes Up Must Come Down - or Does it?

What Goes Up Must Come Down - or Does it?

One little known fact about me is that that I’ve actually had first-hand experience with our last two stock market crashes. First, as a young investor during the dot.com bubble. Second, as an advisor during the 2008 financial crisis.

As we’ve reached stock market highs recently I’ve been thinking a lot about our last recession. At that time we saw a peak of the DJIA, (“the Dow” and the typical benchmark used when you hear a reference to “the market”) on October 9th, 2007 and a bottom on March 6th, 2009. By that time it had lost over 54% of its value. So if someone bought into an investment tracking the Dow on October 9th 2007 their investment would have been about half that value on March 6th, 2009.

What I Learned During the Last Recession

What I Learned During the Last Recession

Happy October!  If it weren’t for the pumpkin spice lattes I wouldn’t believe it myself.  As we find ourselves treading in waters of historical market highs and approaching the end of the year, now is the perfect time to take inventory of your investment strategies.  

Since I’m in my 30s, people don’t always realize that I’ve actually had first-hand experience with our last two market crashes.  First, as a young investor during the dot.com bubble. Second, as an advisor during the 2008 financial crisis. I remember September 15th of 2008 when Bank of America bought out Merrill Lynch and Lehman Brothers filed for bankruptcy.  It felt like the world around me had changed in a day. I learned a lot from our last recession including a few things that may help when taking inventory of your portfolio.