Author: rehan

How to Become Financially Independent

How to Become Financially Independent

Happy Independence Day! With the coming July 4thholiday weekend and release of the new Disney+ Hamilton movie celebrating the origins of America’s independence, I thought it might be useful this week to discuss financial...

Managing Money in Coronavirus Crisis Mode

Managing Money in Coronavirus Crisis Mode

Even before the COVID-19 pandemic took hold, many Americans were struggling financially. According to the Federal Reserve Reporton the Economic Well-Being of U.S. Households in 2019, only 63% of adults could cover an unexpected...

How Strong Are Your Resiliency Resources?

How Strong Are Your Resiliency Resources?

Events related to the COVID-19 pandemic have recently brought increased attention to the concept of resilience. I recently presented a 90-minute webinar for financial education professionals about building financial resilience. In everyday language, resilience is the...

Evolving Rules for RMDs

Evolving Rules for RMDs

There are several  key “milestone” ages in later life. At age 50, you can make catch-up contributions to individual retirement accounts and tax-deferred retirement savings plans, like 401(k)s. At age 62, you can start...

COVID-19 Financial Planning Insights

COVID-19 Financial Planning Insights

Every American has been impacted by COVID-19 in some way. On Monday, March 16, America started to shut down en masse. As we complete week 11 of COVID-19 related school, business, and organization closures,...

More COVID-19 “Flipped Switches”

More COVID-19 “Flipped Switches”

In late March, I described my new book called, Flipping a Switch, which will be now be out in June due to COVID-19 delays. The book describes 35 “flipped switches (i.e., transitions) that people...

How to Handle a Furlough: Part 2

How to Handle a Furlough: Part 2

Two weeks ago, I wrote a postabout furloughs. Since that time, I have researched this topic some more and prepared slides for a webinarabout furloughs sponsored by the Association for Financial Counseling and Planning...