Financial Planning

Everyone's Financial Situation Is Unique, But We Are All Equal

Everyone's Financial Situation Is Unique, But We Are All Equal

Recently I received a call from someone I hadn’t heard from in years. A lot had changed since we originally met! She had gotten married, made partner, and was pregnant with her third child. With all of these changes, it seemed like a great time to work on financial planning for her family. I mentioned that we work with a lot of working parents with small kids, so it’s our goal to try to help them feel more comfortable with their financial decisions.

Merging Finances As a Same Sex Couple

Merging Finances As a Same Sex Couple

My husband and I were married on April 16, 2014, in Los Angeles, California, where same-sex marriage was legal. A little over one year later, on June 26, 2015, the U.S. Supreme Court struck down all state bans on same-sex marriage, legalized it in all fifty states, and required states to honor out-of-state same-sex marriage licenses.

There Is No “One Size Fits All” Approach to Financial Planning

There Is No “One Size Fits All” Approach to Financial Planning

A year ago Michael and I found ourselves at an industry conference listening to the politically incorrect keynote speaker.  He focused a portion of his presentation on the issues with children who aren’t raised in households of married heterosexual families.  He asserted that these children weren’t as capable as those who were raised by a married mother and father.  By the end, we were both feeling pretty offended by the fact that the organizers of this conference felt it was appropriate to bring this person to present to us.      

Mansplaining and Your Money

Mansplaining and Your Money

Mansplaining /ˈmanˌsplāniNG/ (noun) the explanation of something by a man, typically to a woman, in a manner regarded as condescending or patronizing.

“She met with several Financial Advisors and they all treated her like a stupid girl. So eventually she got to the point where she figured she’d just have to choose one of these guys that would treat her like a stupid girl.” This isn’t the first time I’ve heard something like this and it won’t be the last. This is a quote from a woman who referred her sister to me. She’s definitely not “a stupid girl” and shouldn’t have been made to feel that way.

"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.

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.