Legacy and Money

Recently, I had a conversation with a friend about legacy. We talked about how legacy is viewed a bit differently when you have spent your career working in the wealth management field. While the term legacy has...
Read MoreRecently, I had a conversation with a friend about legacy. We talked about how legacy is viewed a bit differently when you have spent your career working in the wealth management field. While the term legacy has...
Read MoreI often think about the old Charlie Jones statement that says personal growth is through the people you meet and the books you read. His thesis was that without these two actions in your life, we will remain the same person five...
Read MoreWant to know how the retirement sausage is made? Here is my family secret recipe for getting ready for retirement! No matter if you are 52 or 72, calling this transition time in your life “retirement” or...
Read MoreEmergency Funds have a unique place in the family tree of personal finance. Most of us know the Golden Rule of having ‘”3 to 6 months of living expenses” held in a separate account in the case of a financial...
Read MoreIn the retirement planning universe, a lot of emphasis is put on the investment selections of 401(k) plans. I get it, that is the sexy side of the retirement universe, but a compliance infrastructure provides the solid foundation...
Read MoreTaxes. A topic almost everybody deals with, and hardly anybody understands. Kind of like how I feel about my car…. I drive it every day but have no idea how it really works (besides me just putting gas in it)...
Read MoreI was recently asked about my views on young women learning the ropes in the world of personal finance and the common “mistakes” young ladies make in this arena. This seems to be a re-occurring topic in 28 of my 28...
Read MoreWhen I talk to people about what I do as a Financial Planner, there tends to be a lot of variances about what exactly “financial planning” means and what a Financial Planner does. Some think I only make investment...
Read MoreGoal setting. It’s my favorite January topic and something I think about the entire month of December. While most people are planning holiday meals or family vacations, I spend most of the month reflecting on the year...
Read MoreFor me, this past year will be the year another generation learned the meaning of risk when investing in both the capital markets and digital assets. We all talked about it, knew it was there, but many had never really felt the...
Read MoreTurbulence. Most often used when describing those invisible bumps in the air on your flight from Detroit to LA. I often use the word to describe stock market volatility. Both are seen as the necessary evil to get you to your...
Read MoreI consider myself to have many tribes. I have my close circle of women business owners, parents of my daughter’s friends, online-only conversations and local neighborhood peeps. I have my high school friends, my...
Read MoreSisterhood on Wall Street isn’t something talked about often. Sisterhood in finances is not as natural as sisterhood in raising families or a sisterhood in your personal community. But I’ve been fortunate to be a part of a...
Read MoreWhat inspires you to do your best? Where does the motivation come from that excites you to reach for your dreams and not stop until you achieve them? Now, how often does this same surge of energy get applied to your...
Read MoreIn the last few years, I’ve seen a tremendous shift in the way people think about money…specifically about the concept of “financial freedom”. For decades, this was associated with the popular concept...
Read MoreInflation. It’s quite the buzzword right now, but it’s something I’ve talked about my entire career. Like many CFP’s, I’ve been projecting 4% inflation in my financial plans for the last 25 years...
Read MoreWhen I think of being physically fit two images come to mind: the high strength / high impact weightlifter and the slow moving / high endurance yogi master. Both are well known pathways to staying physically fit and to...
Read MoreFear. That is a complex word. Fear is a word that I talk about almost everyday. Fear is a concept that rivels only “greed” as one of the most misunderstood concepts when thinking about personal finance...
Read MoreHave you ever set a New Year’s Goal for yourself with all the good intentions of the world only to have forgotten or abandoned it before winter is over? Unfortunately, this is a very common occurrence and something that I...
Read MoreI like to hit the ground running when it comes to New Year’s Resolutions and tend to have my goals for the year in place well before the ball drops in New York City. I have them written down and find that I start...
Read MoreWhen I hear the quote “A rising tide lifts all the boats”, most often associated various economic policy, I think of when benefits provided to a few may lead to conditions that are beneficial to all. This may or may not be...
Read MoreDivorce Planning – Leveraging the CFP® Practitioner By Kimberly Enders CFP® CWS™ Taxable ramification of the changing of ownership, or liquidation, of both after-tax and pre-tax investment accounts. Nuance...
Read MoreQuestions to ask yourself before preparing your Estate Plan 1. What is the “flow” of liquid assets (i.e.: cash, IRA’s, stocks, etc..) after my death? How much should go to my spouse versus how much should go to my...
Read MoreIn my humble opinion, the way to empower women in the realm of personal finance is through financial literacy. As adults, access to financial education tends to come from three main sources: friendship, education and advising. Some...
Read MoreIn the world of personal finance, we often talk about having a diversified portfolio. You know, the pie chart with all the different colors. What we don’t often talk about is what exactly this means
Read MoreMy name is Kimberly and I am a financial planner in Detroit, Michigan. The one wearing a suit, pearls, slicked back hair and 26 years of experience in the world of personal finance. Confidence in spades. Yep, that’s me. Right?...
Read MoreWhen I was a little girl I wanted to have a job where I carried a briefcase. I remember my mom saying “then you better go to college and get a good job”. Never did she tell me that I had to ‘find a husband’ to...
Read MoreIn the days gone by, life insurance was purchased by individuals to pay off the house or fund college education in the event of an untimely death of a spouse. Maybe “something for the kids" should mom or dad die early or a bridge...
Read MoreJune 27, 2012 Liquidity in Retirement In the new FINRA Suitability Rule, effective July 9, 2012, the generally held definition of liquidity is as follows: Liquidity is the extent to which a customer desires the ability or has financial...
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