Women's Money Wisdom
231 episodes - English - Latest episode: 5 days ago - ★★★★★ - 11 ratingsWomen face a unique set of challenges - from caring for aging parents to raising children - all while trying to maintain a career and a semblance of work-life balance. It can be overwhelming, and it's all too easy to put your own needs and finances on the back burner. We believe that every woman deserves to feel financially empowered and secure. Our podcast is designed specifically for women like you - women who are ready to take charge of their finances and their future. Host and financial planner at Pearl Planning, Melissa Joy, CFP ®, will roll out a new episode each week to help you improve financial literacy and gain the confidence you need to navigate your financial life. Pearl Planning is a financial planning and wealth management practice located at 8031 Main Street in Dexter, Michigan. You can reach our office at (734)274-6744. Investment advisory services offered by Pearl Planning, a DBA of Stephens Consulting LLC., an SEC registered investment advisor. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Pearl Planning, or any non-investment related content, made reference to directly or indirectly in this Podcast will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this podcast serves as the receipt of, or as a substitute for, personalized investment advice from Pearl Planning. To the extent that a listener has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Pearl Planning is neither a law firm, nor a certified public accounting firm, and no portion of the Podcast content should be construed as legal or accounting advice. A copy of Pearl Planning’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at www.pearlplan.com. Content represents the opinion of the speaker and not necessarily that of Pearl Planning.
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Episodes
Episode 168: Financial Planning for Midwives and Caregiving Professionals with Aravind Sithamparapillai
May 16, 2023 10:00 - 32 minutes - 22.2 MBIn this episode, Melissa Joy, CFP, ® and Aravind Sithamparapillai, explore the intersection of finance and caregiving professions. Aravind Sithamparapillai is an associate with Ironwood Wealth Management Group in Ontario, Canada. Aravind has a focus on assisting midwives in their unique financial journeys. Midwives often work for many years with intense schedules, and it's crucial to plan for retirement to ensure a comfortable and secure future. We'll discuss retirement planning strategies ...
Episode 167: Demystifying Credit Scores with Melissa Fradenburg
May 09, 2023 10:00 - 20 minutes - 13.9 MBAre you looking to better understand your credit score and take steps to improve it? In this episode, Melissa Fradenburg, CDFA®️, AIF® discusses credit scores and how they impact your financial health. We cover the history of credit scores and why they matter, the five factors that determine your credit score, and tips to improve your score over time. We also discuss why it's important to regularly check your credit report and the best resources to do so. Taking control of your credit score...
Episode 166: Late-Stage College Planning with Brad Baldridge
May 02, 2023 10:00 - 31 minutes - 21.9 MBIn this episode, Melissa Fradenburg, CDFA®️, AIF® , sits down with Brad Baldridge, one of the nation's leading college financial experts, to discuss late term college planning strategies. Brad has over 20 years of experience in helping families plan, save, and pay for college without jeopardizing their financial security or retirement. Brad shares his insights on the best ways to pay for college, save on college costs, and take advantage of financial aid and scholarships. Brad emphasizes the...
Episode 165: Five Financial Tips to Implement After Filing Your Taxes
April 25, 2023 10:00 - 10 minutes - 7.56 MBIn this episode, Melissa Fradenburg, CDFA®️, AIF® shares 5 essential tips to help you make the most of your financial situation after filing your taxes. Tune in to discover smart money moves, investment strategies, and retirement planning advice to consider while your tax situation is fresh in your mind. We will discuss: Understand the importance of adjusting your tax withholding based on your current financial situation. Learn why it's essential to contribute the maximum amount to your ...
Episode 164:Why Timing the Market During a Recession Can Hurt Your Investment Returns
April 18, 2023 10:00 - 16 minutes - 11.6 MBWhy do people try to time the market? One reason is that they want to avoid losses during a recession. But the reality is that it's very difficult to time the market effectively. In this episode, Melissa Fradenburg, CDFA®️, AIF® discusses whether it's a wise investment strategy to time the market during a recession. We'll look at some historical data to explore why pulling your money out of the market during a recession may not be the best move, and why trying to time the market can actually...
Episode 163: Mortgage Rates and the Unlikelihood of a 2008 Repeat with Nathan Steiner
April 11, 2023 10:00 - 17 minutes - 12.1 MBAre you looking to purchase a home but worried about the housing market and higher mortgage rates? In this episode, we welcome back Nathan Steiner, NMLS #771054, Senior Vice President of lending with Guaranteed Rate. Nathan has over 20 years of lending experience and understands the unique challenges buyers and agents are facing in the current rate environment. Melissa Fradenburg, AIF and Nathan discuss the current state of mortgage rates, the potential for a recession, and why we don't thin...
Episode 162: More Than Money with Melissa Joy, CFP®
April 04, 2023 10:00 - 31 minutes - 21.7 MBIn this episode Melissa Joy, CFP®, is a guest on the All About Your Benjamins podcast, hosted by Justin Castelli, CERTIFIED FINANCIAL PLANNER™ practitioner, and founder of RLS Wealth. Melissa is one of the contributors to the new book, More than Money, curated by Justin which explores the practical aspects of financial planning. During their conversation, Melissa shares a powerful story from her chapter in the book, where she explains how financial planning played a crucial role in helping a...
Episode 161:Teaching Teens the Value of Money
March 28, 2023 10:00 - 13 minutes - 9.56 MBTeaching kids about the value of money is an important life lesson that can help them develop good financial habits in the long run. It's never too early to start teaching your kids about money and its value. In this episode, Melissa Fradenburg, AIF, ® shares three tips to help you get started. By helping teens understand the difference needs and wants, they can learn to prioritize their spending and make informed financial decisions. Setting boundaries with spending but allowing your c...
Episode 160: Considerations When Buying a Second Home with Sherri Stephens.
March 21, 2023 10:00 - 31 minutes - 21.7 MBIn this episode we share a replay of A Word On Wealth Podcast, hosted by Sherri Stephens, President and CEO of Stephens Wealth Management Group, with guest Melissa Joy, founder and President of Pearl Planning. Together they discuss the “ins and outs” of purchasing a second home. Thinking about becoming a snowbird? Not sure where to start? Take a listen to hear more about Sherri and Melissa’s journeys to second home ownership and key considerations for anyone thinking about the snowbird ...
Episode 159: Bank Failures: Understanding the Causes and Consequences with Melissa Joy.
March 14, 2023 10:00 - 18 minutes - 12.9 MBAre you nervous about the recent bank failures? Bank failures are not a common occurrence, but they can have a significant impact on the economy and on individuals who have invested their money in those institutions. It's important to understand the reasons behind bank failures and how they can affect you. In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down the many factors that lead to the run on Silicon Valley Bank and Signature Bank and what it could mean for in...
Episode 158: Important Estate Planning Documents for Adult Children With Liz Derrick
March 07, 2023 11:00 - 23 minutes - 16.2 MBAs children turn 18 and become legal adults, it's important for parents to be aware that they no longer have legal authority over their child's finances, healthcare, or personal decisions. This means that parents should encourage their children to create certain estate planning documents to ensure their wishes are carried out in the event of incapacity or death. In this episode, Liz Derrick, Senior Vice President of Partnership Development with LPL Financial, shares her personal story about ...
Episode 157: Insurance Considerations for Small Business Owners with Kelly Aitken-Gwinnell
February 28, 2023 11:00 - 8 minutes - 6 MBKelly Aitken-Gwinnell with Aitken & Ormond Insurance Agency is back with us this week to discuss insurance for small business owners. In this episode, Melissa Fradenburg, CDFA ®, AIF® and Kelly discuss commercial insurance options and why it's important for small business owners to manage risk when it comes to employees, customers, and their own ability to earn income. Learn about common mistakes business owners make so you can make an informed decision when choosing insurance coverage. ...
Episode 156: What You Need to Know About Insurance with Kelly Aitken- Gwinnell and Renee Mason-Sherry
February 21, 2023 11:00 - 38 minutes - 26.2 MBToday we are joined by Renee Mason-Sherry and Kelly Aitken-Gwinnell with Aitken & Ormond Insurance Agency. In this episode, Melissa Fradenburg, CDFA ®, AIF® asks Renee and Kelly about all things insurance. Learn about common mistakes people make as well as tips for adding teen drivers to your auto policy. Car insurance can be expensive, but there are ways to save money and still get the coverage you need. By understanding the types of coverage, discounts available, and other factors that af...
Episode 155: Love And Money: Financial Planning Considerations For Couples
February 14, 2023 11:00 - 27 minutes - 19 MBHave you ever fought with your significant other about money? Achieving financial goals as a couple means having conversations and being transparent with each other. In this episode, Melissa Fradenburg, AIF®️, CDFA®️ and Jay Fradenburg, AIF®️ share their professional experience helping couples come together through financial planning as well as their own struggles around financial matters as a married couple. Resources: Find out more about Pearl Planning. Learn more about their F...
Episode 154: Retirement Readiness with Melissa Joy
February 07, 2023 11:00 - 18 minutes - 12.8 MBDo you know how much you need to save for retirement? What considerations go into creating a financial plan? In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down many factors that go into retirement planning and your specific financial plan. Resources: Learn more about Pearl Planning. Read Take Control of Your Finances in 2023: 10 Actionable Tips for a Secure and Prosperous New Year. Listen to Episode 150: What the Secure Act 2.0 Means for Your Retirement S...
Episode 153: Surviving a Layoff: Your Financial Checklist for Moving Forward
January 31, 2023 11:00 - 14 minutes - 10.2 MBThe current job market can be uncertain and layoffs can happen at any moment. If you have recently lost your job, it can be overwhelming to figure out how to move forward financially. In this episode, Melissa Fradenburg, AIF®️ will share her own experience being laid off in 2008 as well a financial checklist, so you can take control of your finances and make a plan for moving forward. Resources: Learn more about Pearl Planning. Read Blog, Understanding your Restricted Stock Units (RSU...
Episode 152: Budget Friendly Style with Kendra Bissig
January 24, 2023 11:00 - 28 minutes - 19.9 MBWhether you're looking to revamp your wardrobe or find a few items that fit the latest trends, getting your dream style can really add up. In this episode, stylist Kendra Bissig, founder of The Blonde Mom, shares tips to save on your budget, without giving up fashion and personal style. Kendra has a practical approach to creating style by mixing budget pieces with luxury designer items sourced for super deals. She believes styling should be fun and having a wardrobe that makes you feel con...
Episode 151: Saving for the Future: A Guide to Opening a Roth IRA for Children
January 17, 2023 11:00 - 12 minutes - 8.84 MBHave you thought about opening a Roth IRA for your child? A Custodial Roth IRA can be a great way to start saving for a child's future, but it's important to understand the tax implications and the income requirements before opening an account. In this episode, Melissa Fradenburg, AIF, ® discusses how a Custodial Roth IRA allows parents to start saving for their child's future early as well as some of the limitations and considerations before opening this type of account. Resources: Learn...
Episode 150: What the Secure Act 2.0 Means for Your Retirement
January 10, 2023 11:00 - 25 minutes - 17.7 MBThe Consolidated Appropriations Act of 2023 (HR 2617), referred to as The Secure Act 2.0, was signed into law in late 2022, and includes important provisions affecting retirement savings plans which are intended to build upon the 2019 SECURE Act. In this episode Melissa Joy, CFP, ® and Melissa Fradenburg, AIF, ® break down many of the parts of this bill as it related to changes in retirement savings and your financial plan. What you should do to prepare for tax, contribution limit, RMD and e...
Episode 149: Investment Mindset for 2023 with Charlotte Geletka
January 03, 2023 11:00 - 31 minutes - 22 MBIt’s that time of year to reset and focus on your investment mindset for 2023 and how to be successful next year and over the long term. Today we are joined by Charlotte Geletka, CFP, ®, Financial Literacy Advocate and managing partner at Silver Penny Financial Planning in Atlanta, Georgia. Melissa Joy, CFP, ® and Charlotte Geletka discuss how to think like a professional investor going into the new year. Resources: Learn more about Charlotte Geletka. Learn more about Melissa Joy, C...
Episode 149: Investment Mindset for 2023 with Charlotte Galetka
January 03, 2023 11:00 - 31 minutes - 22 MBIt’s that time of year to reset and focus on your investment mindset for 2023 and how to be successful next year and over the long term. Today we are joined by Charlotte Galetka, CFP, ®, Financial Literacy Advocate and managing partner at Silver Penny Financial Planning in Atlanta, Georgia. Melissa Joy, CFP, ® and Charlotte Galetka discuss how to think like a professional investor going into the new year. Resources: Learn more about Charlotte Geletka. Learn more about Melissa Joy, C...
Episode 148: Career Pivots for Financial Success with Laura Khalil
December 27, 2022 11:00 - 34 minutes - 23.7 MBHave you recently been laid off? Do you feel valued in your current role? Are you thinking about leaving your job to become an entrepreneur? Your human capital is one of the biggest drivers of your financial plan. In this episode, Melissa Joy, CFP, ® and Laura Khalil discuss how female entrepreneurs can rebalance the scales of financial justice in their favor and get paid their worth. After cutting her teeth in Silicon Valley, and collecting an unofficial PhD in “Getting Laid Off,” Laura Kh...
Episode 147: Protecting Wealth for Women with Irena Politano
December 20, 2022 11:00 - 26 minutes - 18.6 MBIf something happened to your spouse, would you be prepared? Have you had important conversations with parents or in laws about how assets will be passed down to family. Do you and your spouse have important legal documents in place to protect you if the unexpected happens? Women are natural caretakers but who will take care of us? In this episode, Irena Politano, owner of Michigan Conservators, will share ways to protect your assets and why its important to educate yourself on what you own ...
Episode 146: Financial Considerations When Moving
December 13, 2022 11:00 - 11 minutes - 8.02 MBAre you planning to relocate or downsize? Whether you are purchasing a home or renting, there are several costs you want to consider when planning to move. In this episode, Melissa Fradenburg, CDFA®️ will discuss why it's a good idea to build up cash reserves prior to moving and what additional costs you should consider to avoid financial surprises. Resources: Listen to Episode 102: All About Emergency Reserves. Listen to Episode 136: Lending and the Housing Market in a Rising Rate Envi...
Episode 145: Social Security Basics with Vonda VanTil
December 06, 2022 11:00 - 29 minutes - 20 MBDo you know how long you have to work to become fully insured for social security benefits? What happens if you spend time out of the workforce? Will social security benefits be available for future retirees? Our guest has over 30 years experience working for the Social Security Administration. In this episode, Melissa Joy, CFP interviews, Vonda VanTil, Public Affairs Specialist representing the agency in Michigan. Vonda shares her knowledge on all things Social Security for listeners of...
Episode 144: Opportunities to Give back on Giving Tuesday
November 29, 2022 11:00 - 11 minutes - 8.12 MBIn this special #GIVINGTUESDAY episode, Melissa Fradenburg, CDFA®️ discuss ways to give back this holiday season (and throughout the year). She will address how a Donor Advised Fund can assist with appreciated stock or bundled gift strategies as well as how to take advantage of your charitable deduction and bundle gifts to get itemized deductions in periodic years. We will learn: What is #GivingTuesday How to teach children the power of money through charity. How bundling your charitab...
Episode 143: Control Holiday Spending in Times of Inflation
November 22, 2022 11:00 - 16 minutes - 11.6 MBThe cost of almost everything is up this year due to inflation. In this Thanksgiving week episode Melissa Fradenburg, Financial Advisor with Pearl Planning, shares tips to keep your holiday spending under control. Whether you put all your seasonal shopping on credit cards or save up months in advance, learn how to avoid the ‘One for you, One for me,’ gift trap and what items need to be included in your overall holiday budget. The goal is to lower financial anxiety and increase joy in this h...
Episode 142: Less Stress Over the Holidays with Carmie Buhalis
November 15, 2022 11:00 - 19 minutes - 13.5 MBAre you ready to show up as your best self this holiday season? In this episode, Carmie Buhalis ofLife + Wellness Coaching with Carmie, will share ways to reduce stress and find balance during this hectic time of year. Melissa Fradenburg, CDFA®️, Financial Advisor with Pearl Planning and Carmie discuss how to put yourself first, say no to things that don't bring you joy and why it's more important to be happy than right. Resources: Learn more about Life + Wellness Coaching with Carmie Bu...
Episode 141: Year End Planning with Melissa Joy
November 08, 2022 11:00 - 19 minutes - 13.7 MBAre you ready to end the year strong? With just 7 weeks left in 2022, Melissa Joy, CFP, ® and Melissa Fradenburg, CDFA, ® discuss year end financial planning. It's important to organize your financial "to-do's" and set intentions going into the new year. In this episode we will cover taxes, retirement contribution deadlines, Roth conversions, charitable giving, and cash reserves. Resources: Learn more about Melissa Joy, CFP ® and Pearl Planning. Sign up for our Year End Webinar or watch...
Episode 140: Making the Most of Your Employee Benefits with Melissa Joy
November 01, 2022 10:00 - 15 minutes - 10.9 MBIt's open enrollment season! Do you need to make changes to your employee benefits? In this episode Melissa Joy, CFP® reviews what you need to know about open enrollment and what various benefit options mean for you as far as coverage and cost. You will learn: How do high deductible plans work vs. traditional plans. What is the minimum deductible to qualify as a high deductible plan? FSA vs HSA Things to consider with dental coverage options. Should I take advantage of life insurance t...
Episode 139: Cost of Living Adjustments for 2023
October 25, 2022 10:00 - 7 minutes - 5.46 MBThe Federal Government has announced the largest COLA adjustment for Social Security since 1981 and an upward shift in the income tax brackets as well as increases in contribution limits to retirement plans and the standard deduction. Listen to this episode to find out what you can expect in 2023 and how these changes may offset the high inflation we're currently experiencing. Resources: Learn more about Pearl Planning. Listen to Episode 128: Roth Conversion in a Down Market Listen t...
Episode 138: How to Deal with Grief and Financial Decisions with Kathi Balasek
October 18, 2022 10:00 - 34 minutes - 23.6 MBIn this episode Melissa Joy, CFP, ® discusses grief with Kathi Balasek. Kathi is an educator, grief literacy communication coach, corporate consultant, university lecturer, speaker, widow advocate, and host of the One Well Widow podcast. In this episode she shares her journey in widowhood and talks about the emotional and financial challenges women, in particular, face when losing a spouse. Resources: Learn more about Kathi Balasek. Listen to the One Well Widow podcast. Connect with K...
Episode 138: How to Deal with Grief and Financial Decisions with Kathi Balasek
October 18, 2022 10:00 - 34 minutes - 23.6 MBIn this episode Melissa Joy, CFP, ® discusses grief with Kathi Balasek. Kathi is an educator, grief literacy communication coach, corporate consultant, university lecturer, speaker, widow advocate, and host of the One Well Widow podcast. In this episode she shares her journey in widowhood and talks about the emotional and financial challenges women, in particular, face when losing a spouse. Resources: Learn more about Kathi Balasek. Listen to the One Well Widow podcast. Connect with K...
Episode 137: Paying Down Debt
October 11, 2022 10:00 - 15 minutes - 10.5 MBAre you carrying a balance month after month on your credit card? Have you tried paying down credit card debt but just keep putting it off and paying the minimum payment? In this episode, Melissa Fradenburg, CDFA®️ will share some tips on how to pay down debt, as well as ways to change the habits that got you there in the first place. Resources: Learn more about Pearl Planning. Listen to Episode 119: Things You Can Do If You’re Feeling The Pinch Of Inflation. Listen to Episode 102: All ...
Episode 136: Lending and the Housing Market in a Rising Rate Environment with Nathan Steiner
October 04, 2022 10:00 - 19 minutes - 13.6 MBAre you shocked at how quickly mortgage rates have increased? Are you looking to purchase a home but worried about the housing market and higher mortgage rates? In this episode, Melissa and Jay Fradenburg discuss the current mortgage environment with Nathan Steiner, NMLS #771054, Senior Vice President of lending with Guaranteed Rate. Nathan has over 20 years of lending experience and understands the unique challenges buyers and agents are facing in the current rate environment. You will le...
Episode 135: Unclaimed Property with Jay Fradenburg
September 27, 2022 10:00 - 11 minutes - 7.78 MBDid you know there may be a check, bank account, or inheritance out there that is owed to you? All you need to do is claim it! Maybe you double paid a medical bill. Did a relative leave you money when they passed and you never knew about it? In this episode, Melissa Fradenburg and Jay Fradenburg will explain the process for claiming money that is yours through the unclaimed property website. Through this quick search you may find hundreds or thousands of dollars that are yours and you eithe...
Episode 134:Inflation Expectations and Market Volatility with Jay Fradenburg
September 20, 2022 10:00 - 17 minutes - 12.3 MBAre you worried about the recent volatility in the equity markets? Do you understand the relationship between inflation data, potential Federal Reserve rate hikes, and the stock market? In this episode, Melissa Fradenburg and Jay Fradenburg will review the current market environment as well as discuss what additional indicators we should look at when it comes to inflation. Resources: · Connect with Jay Fradenburg. · Read blog 5 Questions to Ask When Stocks Are Down. · ...
Episode 133: Money Secrets in Your Net Worth with Rachael Camp
September 13, 2022 10:00 - 33 minutes - 23.3 MBIn this episode Melissa Joy, CFP® and Rachael Camp, CFP®, co-owner of Camp Wealth Management discuss net worth and the secret signals within your net worth that can lead you to financial freedom. If you would like to get to a place where you own your own time, then this episode is a must listen. Resources: Learn more about Rachael Camp and Camp Wealth Management. Episode 76: Improving Your Net Worth with Alexa Kane Setting and Achieving Financial Goals Fairy Tales and Finance Links ar...
Episode 132: Paying for College with Ann Garcia
September 06, 2022 10:00 - 38 minutes - 26.5 MBIn this episode Melissa Joy, CFP, ® and Ann Garcia, CFP®, a financial advisor and author of the popular College Financial Lady blog, discuss the FAFSA form and strategies to maximize financial aid and merit scholarships, find out how to qualify for tax credits and other benefits. If you have a student applying for college this is a must listen episode to help plan financially. You will learn: What is considered a parent asset on the FAFSA? How is the EFC formula calculated? Why...
Episode 131:Student Loan Forgiveness with Alexa Kane
August 30, 2022 10:00 - 13 minutes - 9.55 MBAre you wondering if your student loans are eligible for forgiveness? In this episode Melissa Joy, CFP®, and Alexa Kane, CFP® discuss who is eligible, how much could be forgiven and next steps. Resources: -The White House Fact Sheet on Student Loan Relief. -FAQs about the Student Loan Forgiveness Plan. -Information on requesting a refund if you made payments during the pause. Links are being provided for information purposes only. The information herein is general and educational in na...
Episode 130: Back-to-School Tips with Melissa Fradenburg
August 23, 2022 10:00 - 12 minutes - 8.74 MBAre you feeling stressed out with the logistics and expense of getting your kids back-to-school? Do you feel prepared for the extra costs that inevitably come up this time of year? In this episode, Melissa Fradenburg, CDFA®️ will share some tips on how to plan ahead, organize and prioritize your purchases for a smooth transition into the school year. Resources: Learn more about Pearl Planning. Listen to Episode 121: Summer Before College Financial Checklist. Listen to Episode 112: Tea...
Episode 129: Understanding the Racial Wealth Gap with Renee Baker
August 16, 2022 10:00 - 32 minutes - 22.1 MBThe median white American household has ten times the net worth of the median black American household. This is known as the racial wealth gap. This podcast conversation is a follow-up to an episode of 52 Pearls from the summer of 2020 when Melissa Joy and Renee Baker, DBA, RCC Head of Advisor Inclusion Networks at Raymond James, discussed “Closing the Racial Wealth Gap”. Additional Resources: Federal Reserve research on the Racial Wealth Gap. Recent episode, Financial Wellness Through C...
Episode 128: Roth Conversion in a Down Market
August 09, 2022 10:00 - 8 minutes - 5.67 MBHave you thought about converting your traditional retirement assets to a Roth IRA? Has the value of your traditional IRA gone down due to market volatility? In this episode, Melissa Fradenburg, CDFA®️ will discuss the conversion process as well as some considerations for those thinking about converting traditional retirement assets to Roth IRA assets. You will learn why a down market may be a particularly opportune time for a Roth IRA conversion. Resources: Learn more about Pearl Planni...
Episode 127: First Generation Wealth with Valerie Rivera
August 02, 2022 10:00 - 30 minutes - 21.3 MBThis week, Melissa Joy is joined by guest Valerie Rivera, CFP to discuss first generation wealth. Valerie founder and owner of FirstGen Wealth, a virtual fee-only practice serving early to mid-career professionals who are the first gen to build wealth in their family. She is part of the 1.5% of Latinas who holds the CFP designation and has been in financial planning for nearly 15 years. She is born and raised in Chicago where she resides with her husband and a feisty 3-year-old. You can find...
Episode 126: Financial Tips for Buying a Car
July 26, 2022 10:00 - 24 minutes - 16.9 MBMelissa Joy and Melissa Fadenburg discuss buying a car in this episode. This is one of the biggest financial decisions you will make and you will likely do it several times in your lifetime. We cover how to think about the car buying process and consider all financial angles so you can feel confident in making a final purchase. Additional Resources: More Buyers Choosing Car Payments Over $1,000 More Than 12% of New Car Payments Top $1000 a Month How Much Can You Afford to Spend on a Car...
Episode 125: Financial Planning Considerations for LGBTQ People with Laura LaTourette
July 19, 2022 10:00 - 31 minutes - 21.8 MBMelissa Joy is joined by guest, Laura LaTourette, CFP, to discuss financial planning for LGBTQ clients. Laura is a gay financial planner who founded Family Wealth Management Group, located in Georgia, and co-launched Rainbow Network for LGBTQ financial advisors in 2022. Additional Resources: Find Laura LaTourette on Twitter @LauraLaTourette and LinkedIn SAGE Advocacy & Services for LGBTQ+ Edlers (https://www.sageusa.org/) More about Rainbow Network Estate Planning Considerations for LG...
Episode 124: Teaching Children Financial Responsibility Through Chores
July 12, 2022 09:00 - 24 minutes - 16.6 MBDo your kids think money grows on trees? Are they helping with chores around the house? If you’re tired of handing out money and want to set up a system for your kids to earn money and become a more responsible member of the household this episode is a must listen. Melissa Fradenburg and Jay Fradenburg, share how they motivated their tweens through a system of chores and weekly allowance and why the concept of earning money is so important. Resources: Learn more about Pearl Planning and ...
Episode 123: Simple Budgeting Tips with Melissa Fradenburg
July 05, 2022 10:00 - 13 minutes - 9.46 MBAre you spending your whole paycheck every month? Have your monthly expenses increased with inflation to a point you need to start budgeting but don't know where or how to begin? In this episode, Melissa Fradenburg, CDFA®️ will share some tips on how much should go to needs, wants and savings each month to get your budget back on track. You will learn why budgeting should give you permission to spend rather than be considered a restriction. Resources: Learn more about Pearl Planning. Lis...
Episode 122: Investing Outlook with Jay Fradenburg
June 28, 2022 10:00 - 25 minutes - 17.3 MBDo you know why both the equity and bond markets are down this year? Do you wonder if we are in or heading into a recession? In this episode, Melissa Fradenburg and Jay Fradenburg will explain the current market environment as well as discuss what might happen going forward. Meet the newest member of the Pearl Planning, and listen to our first husband-wife team episode. Resources: · Connect with Jay Fradenburg. · Read blog 5 Questions to Ask When Stocks Are Down. · ...
Episode 121: Summer Before College Financial Checklist
June 21, 2022 10:00 - 15 minutes - 10.7 MBAre you getting ready to send off a college student? Have you had a discussion about expenses and budget expectations yet? In this episode, Melissa Fradenburg, CDFA®️ will share some tips on what you can do to prepare your student for the financial responsibility of going out on their own. Resources: Learn more about Pearl Planning. Listen to Episode 34: Money Talk for College Students with Stacy Miller. Listen to Episode 86: Demystifying the FAFSA Form with Ann Garcia. Read Budgeti...