About the Guest(s):

Kate Welker is a CERTIFIED FINANCIAL PLANNER® at Rooted Planning Group with a passion for helping individuals cultivate a thriving financial future. With a background in finance and a keen understanding of the importance of intentional spending, Kate provides valuable insights and guidance to clients seeking to achieve their financial goals.

Becky Eason is a CERTIFIED FINANCIAL PLANNER® at Rooted Planning Group. With years of experience in personal finance and strategic wealth management, she specializes in assisting busy professional women to manage their financial lives with confidence and clarity. Becky’s expertise spans various domains including savings, investments, budgeting, and planning, making her an invaluable resource for her clients and podcast listeners alike.

Episode Summary:

In this vibrant episode of Money Roots, Kate Welker and Becky Eason delve into the intricate world of personal finance for busy professional women. The episode emphasizes the importance of intentional spending to enhance quality of life, offering practical advice, relatable experiences, and expert insights to help you navigate your financial journey efficiently.

Kate and Becky kick off the discussion with the high costs and critical choices surrounding childcare. They outline the various solutions for managing this essential yet hefty expense, from leveraging family support to selecting the best daycare options. The conversation then flows into the benefits of outsourcing household services, acknowledging the relief of freeing up personal time by hiring help versus handling all tasks independently. The hosts also dissect meal planning strategies, from subscription services to grocery delivery, all tailored to support busy schedules.

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Engage in this insightful conversation to explore how intention and strategy in spending can lead to a richer, more fulfilling life. Tune in to discover more ways to nurture and grow your financial roots with Money Roots!

About the Guest(s):

Kate Welker is a CERTIFIED FINANCIAL PLANNER® at Rooted Planning Group with a passion for helping individuals cultivate a thriving financial future. With a background in finance and a keen understanding of the importance of intentional spending, Kate provides valuable insights and guidance to clients seeking to achieve their financial goals.

Episode Summary:

In this episode of Money Roots, Kerrie Beene and Kate Welker delve into the trending topic of underconsumption, exploring the practice of spending less, saving more, and avoiding unnecessary expenses. The discussion revolves around the influence of social media, historical trends, and the importance of being intentional with money. The episode emphasizes the significance of aligning spending with personal values, finding balance, and utilizing resources wisely to achieve financial goals.

Key themes include understanding the concept of underconsumption, the impact of inflation and de-influencing, and the historical shift towards intentional spending. Kate and Kerrie highlight the significance of identifying personal values, setting financial goals, and making mindful choices to achieve financial well-being.

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Don't miss out on the insightful conversation about underconsumption and intentional spending in this episode of Money Roots. Tune in to gain valuable tips and strategies for nurturing your financial future.

About the Guest(s):

Dr. Laura Carapella earned her doctorate degree at Columbia University and has achieved tenure at two colleges in New York state. With over 25 years of experience teaching health behavior and human dynamics, she has also conducted over 200 leadership workshops, retreats, and keynotes. Dr. Carapella is known for her passion for helping individuals feel seen, heard, and understood, especially during periods of transition. She is a member of the LGBTQ+ community, a mother of two boys, a spouse to a chiropractor, and a dog mom to their pets.

Episode Summary:

In this episode of Money Roots, Dr. Laura Carapella discusses stress, anxiety, and the impact of gratitude on mental well-being with host Kate Welker. Dr. Carapella shares insights from her research, focusing on proactive gratitude as a tool for rewiring the brain and reducing anxiety levels. By shifting from judgment to productivity, individuals can experience cognitive restructuring, enhanced neurotransmitter function, and reduced fear and anxiety.

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Don't miss the full episode to dive deeper into the impact of gratitude on reducing anxiety and enhancing well-being. Tune in for more insightful discussions and valuable insights from Money Roots.

About the Guest(s):

Amy Irvine is a financial expert who is passionate about helping individuals take control of their financial well-being. With extensive experience in financial planning and coaching, Amy empowers her clients to write their own financial stories and achieve their goals. She is known for her innovative and personalized approach to financial advice, emphasizing the alignment of values with spending habits to create lasting financial stability.

Episode Summary:

In this episode, Amy Irvine delves into the importance of taking control of your financial narrative by writing your own story. Drawing parallels between crafting a compelling movie plot and designing your financial journey, Amy encourages listeners to identify themselves as the hero of their story and navigate challenges with a strategic mindset. By leveraging the concept of a hero, a villain, and a guide, Amy provides a unique perspective on reshaping financial narratives to achieve success and fulfillment.

Key themes discussed include the significance of self-empowerment, the role of financial obstacles as villains in our stories, and the importance of seeking guidance to overcome challenges. Amy highlights the impact of setting clear financial goals, aligning spending with values, and utilizing resources to thrive financially. By emphasizing the power of intentional financial planning and storytelling, Amy inspires listeners to take charge of their financial destinies and build a secure future.

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Tune in to the full episode to discover how you can rewrite your financial story, overcome obstacles, and achieve financial success. Don't miss out on valuable insights and empowering strategies from Amy Irvine to transform your financial future.

About the Guest(s):

Kate Welker is a seasoned financial planner with a passion for helping individuals overcome financial stress and anxiety. With a background in empowering clients to take control of their money management, Kate is dedicated to providing actionable steps to improve financial well-being. Her expertise lies in debt management, reducing spending, preparing for emergencies, and setting realistic financial goals.

Episode Summary:

In this insightful episode of "Money Roots," Kate Welker dives into specific areas of financial concerns and fears that often plague individuals. From tackling debt to reducing spending and preparing for financial emergencies, Kate provides practical advice and tools to help listeners take charge of their financial well-being. By addressing common fears like running out of money or losing a job, she offers actionable steps to build confidence and security in one's financial future.

Kate emphasizes the importance of facing financial challenges head-on, developing strategies to manage debt effectively, and building emergency savings. By understanding fixed sources of income, utilizing tools like the 4% rule, and creating ideal and lean budgets, listeners can gain clarity and direction in their financial planning journey.

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Listen to the full episode of "Money Roots" with Kate Welker for valuable insights and practical tips on overcoming financial fears and achieving financial stability. Tune in for more expert advice on managing your money effectively and securing your financial future.

About the Guest(s):

Kate Welker is a CERTIFIED FINANCIAL PLANNER™ at Rooted Planning Group. With years of experience in the financial industry, Kate is passionate about helping individuals reduce stress and anxiety around money. She believes in empowering her clients by providing them with the knowledge and tools they need to take control of their finances. Kate's expertise lies in budgeting, debt management, and retirement planning.

Episode Summary:

In this episode of Money Roots, Kate Welker addresses the common issue of stress and anxiety surrounding the topic of money. She shares her own personal journey of overcoming financial anxiety and provides practical strategies to help listeners reduce their stress and feel more in control of their finances. Kate emphasizes the importance of facing your current financial situation, avoiding comparisons with others, creating a plan, and continuously learning about money management. By implementing these steps, individuals can gain a sense of empowerment and confidence in their financial decisions.

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About the Guest(s):

Liz Zemak is an experienced financial advisor and homeowner. With a background in personal finance and a passion for helping others, Liz has dedicated her career to educating individuals on the importance of financial planning and homeownership. She has successfully navigated the challenges, providing them with expert guidance and support. Liz is known for her attention to detail and commitment to ensuring her clients make informed decisions. With a deep understanding of the local market, Liz is able to offer valuable insights and advice to those looking to buy or sell a home. She is dedicated to helping her clients achieve their real estate goals and is passionate about providing exceptional service.

Episode Summary:

In this episode, Liz Zemak addresses various questions and concerns related to homeownership. She begins by emphasizing the importance of hiring a reputable home inspector when purchasing a home. Liz provides tips on finding a reliable inspector and highlights the benefits of utilizing technology for inspection reports. She then discusses how to prioritize home improvement projects when you realize there are more repairs needed than anticipated. Liz advises making a comprehensive list and categorizing the repairs based on safety and urgency. She also suggests seeking the expertise of a general contractor and shares tips on finding a trustworthy contractor. Lastly, Liz emphasizes the importance of creating a designated drop zone in your home to keep things organized and create a sense of calm when entering your living space.

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Listen to the full episode here to gain valuable insights and tips for navigating the home buying and maintenance process. Stay tuned for more informative episodes from Money Roots.

About the Guest(s):

Liz Zemak is a homeowner and home management expert. With years of experience in maintaining and managing her own home, Liz has developed effective strategies and systems to keep her house in order. She is passionate about helping others create a well-organized and efficient home management system. Liz shares her knowledge and tips through her podcast, Money Roots, where she provides valuable insights on various aspects of homeownership and home management.

Episode Summary:

In this episode of Money Roots, host Liz Zemak discusses the importance of creating a home management binder. She explains that a home management binder is a customizable tool that helps homeowners keep track of important information and tasks related to their homes. Liz shares her own experience and provides practical advice on how to create and maintain a home management binder. She suggests different categories to include in the binder, such as contact information, reminders, manuals, planning, and financial records. Liz emphasizes the benefits of having a home management binder, including better organization, easier maintenance, and the ability to pass on important information to future homeowners. She encourages listeners to start building their own home management binder and offers tips on how to maintain and update it regularly.

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Don't miss out on Liz Zemak's insightful discussion on creating a home management binder. Tune in to the full episode of the Money Roots podcast to learn more about how this tool can help you stay organized and maintain your home efficiently. Visit rootedpg.com for more helpful tips and financial pointers.

About the Guest(s):

Liz Zemak is an experienced financial advisor and homeowner. With a background in personal finance and a passion for helping others, Liz has dedicated her career to educating individuals on the importance of financial planning and homeownership. She has successfully navigated the challenges of building a home and has firsthand experience with needing a personal property inventory. Liz is committed to empowering others to take control of their finances and protect their assets.

Episode Summary:

In this episode of Money Roots, Liz Zemak discusses the importance of creating a personal property inventory. She shares her own experience of having her tools stolen during the construction of her home and emphasizes the need for proper documentation when filing an insurance claim. Liz provides practical tips on how to get started with a home inventory, including listing items room by room, capturing detailed information such as purchase date and cost, and taking photos or videos of valuable items. She also highlights the benefits of maintaining an up-to-date inventory, such as accurate insurance coverage and estate planning. Liz emphasizes the importance of revisiting the inventory regularly and keeping it secure.

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Listen to the full episode of Money Roots to learn more about the importance of creating a personal property inventory and how to get started. Stay tuned for more valuable insights and practical advice on personal finance and homeownership.

About the Guest(s):

Liz Zemak is a financial planner and this weeks host of the Money Roots podcast. With years of experience in the financial industry, Liz helps individuals and families make informed decisions about their money and investments. She is passionate about helping people create a comfortable and enjoyable living space without breaking the bank. Through her podcast and articles, Liz provides valuable insights and tips on home improvements, budgeting, and financial planning.

Episode Summary:

In this episode of the Money Roots podcast, host Liz Zemak explores the decision between making home improvements or purchasing a new home. With current mortgage interest rates high, Liz suggests considering upgrading your existing space to create a comfortable and desirable living environment She discusses various ideas for home improvements, such as installing a home security system, investing in a generator, adding an addition to your home, and creating a multigenerational living space. Liz emphasizes the importance of setting priorities, communicating with family members, and creating a budget or spending plan for these upgrades. She also highlights the value of landscaping and curb appeal in enhancing the overall enjoyment of your home. With the current interest rate environment, Liz encourages listeners to explore the possibilities of improving their current homes rather than moving.

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Listen to the full episode of the Money Roots podcast to learn more about making home improvements versus purchasing a new home. Stay tuned for valuable insights and tips on financial planning and creating a comfortable living space.

About the Guest(s):

Episode Summary:

In this episode, host Amy Irvine is joined by John Graham and Emily Graham to discuss their book "Under One Roof: Creating Harmony for Multi-Generational Living." They explore the importance of multi-generational living, the challenges and benefits it brings, and how to navigate the complexities of living with multiple generations under one roof. They emphasize the need for open and honest conversations, planning for healthcare and end-of-life care, and finding a balance between privacy and proximity. The book provides practical advice and guidance for families considering multi-generational living and offers insights into creating a harmonious and supportive living arrangement.

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Please watch/listen to the full webinar for more enlightening insights and practical advice on multi-generational living. Stay tuned for future episodes of the podcast/webinar/series for more valuable content.

Watch this episode on YouTube

About the Guest(s):

Kerrie Beene is a certified financial planner and the Chief Investment Officer at Rooted Planning Group. With years of experience in the financial industry, Kerrie has helped numerous clients navigate their financial journeys and make informed decisions about their investments. She specializes in retirement planning and is passionate about helping individuals achieve their long-term financial goals.

Episode Summary:

In this episode of Money Roots, Kerrie Beene, a certified financial planner, explores the topic of 401K loans and the tax implications associated with them. She discusses how 401K loans work, the rules set by the Internal Revenue Service (IRS), and the importance of understanding your employer's specific rules. Kerrie highlights key considerations such as loan limits, repayment periods, interest rates, loan purposes, and employment status. She also emphasizes the tax implications of 401K loans, including potential income tax and withdrawal penalties. Kerrie advises listeners to explore alternative options before taking out a 401K loan and to consult with a financial advisor to ensure alignment with long-term financial goals.

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"While you are repaying yourself, that money did become uninvested, and you will be investing it later, but you are missing out on that growth there." - Kerrie Beene"If you decide to take out a 401K loan, make sure you only borrow what you need and have a solid plan in place to repay it promptly." - Kerrie Beene

Resources:

Listen to the full episode of Money Roots to gain a comprehensive understanding of 401K loans and their tax implications. Stay tuned for more insightful episodes from the podcast to enhance your financial knowledge and make informed decisions.

About the Guest(s):

Kerrie Beene is a certified financial planner and the Chief Investment Officer at Rooted Planning Group. With years of experience in the financial industry, Kerrie is dedicated to helping individuals achieve their long-term financial goals through strategic planning and disciplined investing. She is known for her expertise in investment management and her ability to guide clients towards financial success. Kerrie's passion for educating others about personal finance has made her a sought-after speaker and advisor in the field.

Episode Summary:

In this episode, Kerrie Beene, a certified financial planner and Chief Investment Officer at Rooted Planning Group, shares the timeless wisdom of the fable "The Tortoise and the Hare" and how it applies to our financial lives. She emphasizes the importance of consistency, avoiding impulsive behavior, the power of compounding, and the virtue of patience in achieving long-term financial success. Kerrie highlights the parallels between the fable and investing, encouraging listeners to adopt a slow and steady approach to their financial goals.

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"Slow and steady wins the race." - Kerrie Beene"Consistency and discipline are key to achieving long-term financial success." - Kerrie Beene"Avoid impulsive investment decisions driven by fear or greed." - Kerrie Beene"Understanding the power of compounding interest is crucial for maximizing investment returns." - Kerrie Beene"Patience and perseverance are essential for successful financial planning." - Kerrie Beene

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Conclusion:

In this insightful episode, Kerrie Beene reminds us of the timeless wisdom found in the fable of "The Tortoise and the Hare" and how it relates to our financial lives. By emphasizing the importance of consistency, avoiding impulsive behavior, harnessing the power of compounding, and practicing patience, Kerrie provides valuable guidance for achieving long-term financial success. Tune in to the full episode to gain a deeper understanding of these principles and learn how to apply them to your own financial journey.

About the Guest(s):

Episode Summary:

In this episode, certified financial planners Kerrie Beene and Kate Welker from Rooted Planning Group dive into the details of the 1040 tax return form. They discuss each line item and explain what it means for taxpayers. From reporting income to deductions and credits, Kerrie and Kate provide valuable insights into how the tax return can tell a story about an individual's financial situation. They also touch on topics such as capital gains, itemized deductions, and the standard deduction. Whether you're a tax expert or just starting to understand your tax return, this episode offers helpful information and tips for optimizing your tax situation.

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Don't miss this informative episode where Kerrie Beene and Kate Welker break down the 1040 tax form and provide valuable insights into optimizing your tax situation. Listen now for expert advice and tips on understanding your tax return. Stay tuned for more enlightening content from Rooted Planning Group.

About the Guest(s):

Kerrie Beene is a certified financial planner and the chief investment officer at Rooted Planning Group. With years of experience in the financial planning industry, Kerrie is well-versed in helping clients navigate the complexities of taxes, investments, and retirement planning. She is dedicated to educating individuals on the tax bucket strategy and providing them with the tools and knowledge to make informed financial decisions.

Episode Summary:

In this episode, Kerrie Beene discusses the tax bucket strategy and its importance in retirement planning. She explains the concept of dividing money into three different tax buckets: tax deferred, tax free, and after tax. The tax deferred bucket includes accounts like 401(k)s and traditional IRAs, where contributions are made with pre-tax money and taxes are paid upon withdrawal. The tax free bucket includes Roth accounts and health savings accounts, where contributions are made with after-tax money and withdrawals are tax-free. The after tax bucket includes checking, savings, and investment accounts that are funded with after-tax money and may be subject to capital gains tax. Kerrie emphasizes the need for flexibility in retirement planning due to the uncertainty of future tax laws. By understanding and utilizing the tax bucket strategy, individuals can have more control over their tax situation in retirement.

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"The goal is to have some control over your tax situation in retirement.""While it could be better, it could also be worse. So we can plan for the unknown by thinking about different buckets of money that'll provide you with a little bit more flexibility.""The tax deferred bucket or the tax me later bucket... has your 401(k), your traditional IRA, 403(b)s.""The tax free bucket or the tax me never bucket... includes things such as Roth accounts and health savings accounts.""The taxable bucket or the tax me now bucket... includes things such as checking, savings, and investment accounts."

Resources:

To learn more about the tax bucket strategy and how it can impact your retirement planning, listen to the full episode. Stay tuned for more insightful discussions on taxes, investments, and financial planning from Rooted Planning Group.

About the Guest(s):

Amy Irvine is the CEO and founder of Rooted Planning Group. With years of experience in the financial planning industry, Amy is dedicated to helping individuals and families achieve their financial goals. She is known for her expertise in tax planning, retirement planning, and estate planning. Amy is passionate about educating her clients and providing them with the tools and resources they need to make informed financial decisions.

Episode Summary:

In this episode, Amy Irvine, CEO and founder of Rooted Planning Group, shares valuable insights on organizing and decluttering your finances. With tax season in full swing, Amy provides guidance on how long to keep tax returns and supporting documents. She also discusses the importance of maintaining healthcare documents, legal documents, and other essential paperwork. Amy emphasizes the significance of securely storing important documents and suggests creating a system to easily access them when needed. Whether you're a small business owner, a homeowner, or a student, Amy offers practical advice on managing and preserving important financial records.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

Notable Quotes:

"If you think you forgot income to report, then if it's more than 25% of your gross income, you want to keep six years." - Amy Irvine"If you have estate planning documents, such as a will, a trust, a power of attorney, a healthcare proxy, a living will, any beneficiary designation, store those originals." - Amy Irvine"If you're a small business owner, you want to keep a copy of your federal Ein number. This is something you should keep permanently in a secure location." - Amy Irvine"If you have any home improvements, keep receipts or a ledger that documents those because you may be able to adjust up your cost basis of your property if you ever sell the property in the future." - Amy Irvine"If you're currently employed, keep any contract signed, including non-solicit, non-compete agreements." - Amy Irvine

Resources:

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As parents, we often find ourselves juggling multiple financial goals, from saving for our children's education to providing them with vehicles and ensuring our own long-term financial security. In this article, we will explore the insights and experiences of a parent who has successfully navigated these competing priorities.

In this episode, Becky Eason interviews Kerrie Beene, a parent who has successfully saved for her children's education while managing other financial priorities. Kerrie shares her experience of opening a 529 savings account for her children when they were young and consistently contributing to it over the years. She also discusses how she encouraged family members to contribute to the 529 as gifts for birthdays and holidays. Kerrie's daughter was able to graduate from college a year early, saving on tuition and room and board expenses. Kerrie also talks about how her children's different interests and circumstances have influenced their financial goals, such as saving for a vehicle. She emphasizes the importance of starting to save early and automating contributions to make it easier.

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About the Guest(s):

RESOURCES:

Listen to the full episode to gain valuable insights on how to navigate competing goals and priorities in your financial journey. Stay tuned for more episodes of the Money Roots podcast for expert advice and guidance on personal finance.

About the Guest(s):

Becky Eason is a financial planner at Rooted Planning Group. With a background in finance and a passion for helping clients navigate their financial goals, Becky brings a wealth of knowledge and expertise to her role. She has experience working with clients at various stages of life, from early career professionals to those in retirement. Becky understands the challenges of balancing competing goals and priorities and is dedicated to helping her clients create a financial plan that aligns with their unique circumstances and aspirations.

Episode Summary:

In this episode of the Money Roots podcast, Becky Eason, a financial planner at Rooted Planning Group, discusses the challenges of balancing competing goals and priorities, particularly for individuals in the early stages of their careers. Becky shares her personal experiences and provides practical advice on how to navigate financial decisions when faced with everyday expenses, short-term goals, and long-term goals. She emphasizes the importance of creating a budget, prioritizing goals, and openly communicating with partners about financial aspirations. Becky also highlights the significance of saving for retirement and offers insights on how to allocate resources effectively to achieve multiple goals simultaneously.

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Listen to the full episode to gain valuable insights on how to navigate competing goals and priorities in your financial journey. Stay tuned for more episodes of the Money Roots podcast for expert advice and guidance on personal finance.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

How to Manage Competing Goals: Insights from Rooted Planning Group

About the Guest(s):

Becky Eason is a long-term team member of Rooted Planning Group. With her extensive experience in financial planning, Becky has helped numerous clients navigate competing goals and make informed decisions about their finances. She specializes in providing guidance on interest rates, credit card debt, and finding ways to save money while achieving financial goals.

Episode Summary:

In this episode, Amy Irvine and Becky Eason discuss the challenges and successes clients are facing in the first quarter of 2024. They focus on the topic of competing goals, particularly in relation to interest rates and credit card debt. The conversation explores strategies for managing debt, prioritizing goals, and finding ways to save money. Becky shares her insights on topics such as health insurance options, meal planning, and shopping for bargains. Listeners will gain valuable tips and advice on how to navigate competing goals and make informed financial decisions.

Key Takeaways:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Prioritize and Focus

One of the first steps in managing competing goals is to prioritize and focus on one goal at a time. Becky suggests going through your list of goals and asking yourself, "If there's only one thing that I could achieve, what would that be?" By identifying your top priority, you can allocate your resources and energy towards that goal, making it more attainable. Once you've achieved that goal, you can move on to the next one.

Becky emphasizes the importance of setting realistic expectations and not putting too much pressure on yourself. It's easy to get overwhelmed when you have multiple goals competing for your attention. By breaking them down and focusing on one at a time, you can make steady progress and avoid feeling discouraged.

Saving on Expenses

One of the challenges many people face when managing competing goals is finding ways to save money. Rising grocery prices, for example, can put a strain on your budget. Becky suggests several strategies to help you save on expenses and free up more money for your goals.

Meal planning is a simple yet effective way to reduce waste and save money on groceries. By planning your meals in advance and using up items you already have, you can avoid unnecessary trips to the store and make the most of what you already have in your pantry. Additionally, Becky recommends looking for deals and discounts at stores like Aldi's and Save-A-Lot. By being mindful of prices and taking advantage of sales, you can stretch your grocery budget further.

Another area where you can potentially save money is health insurance. Becky shares her personal experience of comparing employer-sponsored plans with a New York state plan for her daughter. By carefully considering the coverage and costs, she was able to find a plan that offered better overall coverage and saved her money in the long run. It's important to explore different options and find the best fit for your specific needs.

You're Not Alone

Lastly, it's essential to remember that you're not alone in facing competing goals. It's easy to feel isolated or like you're the only one struggling to balance different priorities. However, many people are going through similar challenges. Talking to others and sharing your experiences can provide valuable insights and support.

Becky encourages individuals to reach out to their peers and have open conversations about their financial goals and challenges. By doing so, you may discover that others are facing similar situations and can offer advice or share strategies that have worked for them. Knowing that you're not alone can provide a sense of relief and motivation to keep pushing forward.

In conclusion, managing competing goals requires prioritization, resourcefulness, and a supportive community. By focusing on one goal at a time, finding ways to save on expenses, and seeking support from others, you can make progress towards your financial objectives. Remember, it's a journey, and setbacks are normal. Stay committed, stay flexible, and keep working towards your goals.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

About the Guest(s):

Emily Graham is a co-author of the book "Under One Roof: Creating Harmony for Multigenerational Living." She has a decade of experience working in home health, palliative, and hospice care. Emily's expertise in the field, combined with her personal experience of caring for her family members, has shaped her understanding of the challenges and benefits of multigenerational living. She brings a unique perspective to the topic and offers practical advice for families considering this living arrangement.

Episode Summary:

In this episode of Money Roots, Amy Irvine interviews Emily Graham, co-author of the book "Under One Roof: Creating Harmony for Multigenerational Living." The book explores the concept of multigenerational living and provides guidance on how families can navigate the challenges and benefits of living together under one roof. Emily shares her personal experience of caring for her family members and discusses the importance of planning and communication in creating a harmonious living arrangement. The episode highlights the need for creative solutions to support aging parents and explores the idea of sharing wealth and resources within the family. Whether it's through remodeling, building separate living spaces, or considering alternative living arrangements, the book offers practical advice and real-life examples to help families make informed decisions about multigenerational living.

Key Takeaways:

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Resources:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Navigating Money and Relationships: Insights from a Licensed Clinical Social Worker

About the Guest(s):

Sheila Nissim is a licensed clinical social worker with extensive experience in psychotherapy. She works with individuals of all ages, helping them navigate various emotional and relational issues. Sheila has a particular interest in the intersection of money and relationships, and she helps clients explore their beliefs, anxieties, and experiences related to money. Through her work, she aims to empower individuals to develop a healthier and more positive relationship with money.

Episode Summary:

In this episode of Money Roots, host Kate Welker is joined by Sheila Nissim, a licensed clinical social worker, to discuss the complex relationship between money and relationships. They delve into the psychological aspects of money and how our upbringing and experiences shape our beliefs and behaviors around finances. The conversation highlights the importance of open communication, understanding each other's perspectives, and finding common ground when it comes to managing money as a couple. Sheila emphasizes the need for patience, compassion, and self-reflection in order to navigate the challenges that arise in money-related discussions.

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Notable Quotes:

To listen to the full episode and gain valuable insights into navigating money and relationships, tune in to the Money Roots podcast. Stay tuned for more engaging discussions on personal finance and emotional well-being.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode, financial planner Kate Welker discusses the importance of teaching children about money and shares her own experiences and strategies for instilling good money management skills. She emphasizes the value of open communication about finances, introducing children to tangible money, allowing them to make reasonable mistakes, and gradually introducing them to digital payment systems. Kate also highlights the significance of savings accounts and the lessons they teach about budgeting and interest. Tune in for practical tips on raising financially responsible children.

As parents, one of the most important life skills we can teach our children is how to manage money. Money is not an intuitive skill, and it takes time and experience to develop good money management habits. In this episode, we will explore the importance of teaching children about money and share practical tips for instilling good money skills in them.

Key Takeaways

Starting Conversations about Money

One of the best ways to teach children about money is to start conversations about it from a young age. Money is often seen as a taboo subject, but it is important to expose children to these conversations so they can develop an understanding of how money works and its role in their lives.

Growing up, I was fortunate to have parents who openly discussed money with me. They would talk about household expenses, such as the cost of repairs or groceries, and involve me in discussions about budgeting and financial decisions. These conversations helped me develop a sense of awareness about money and its value.

In my own family, I have continued this tradition by having conversations with my children about money. We discuss the cost of household expenses, such as internet or streaming services, and I explain to them why we make certain financial decisions. By involving them in these discussions, they gain a better understanding of how money is managed and the importance of making informed choices.

Using Tangible Money

In today's digital age, it is easy for children to lose touch with the concept of money as a tangible object. With the prevalence of credit cards and digital payment systems, children may not fully grasp the value of money and the exchange that takes place when making a purchase.

To help children understand the concept of exchange and the value of money, it is important to use tangible money, such as coins and dollars. When making purchases, let your children hand over the money and experience the transaction firsthand. This helps them develop a sense of responsibility and understand that money is exchanged for goods or services.

Additionally, encourage children to save their own money and see it grow over time. Opening a bank account for them and explaining the concept of interest can be a great way to teach them about saving and the benefits of long-term financial planning. Seeing their savings increase and setting goals for their money can be exciting and motivating for children.

Allowing Reasonable Mistakes

Making mistakes is a natural part of learning, and the same applies to money management. Allowing children to make reasonable mistakes with money can be a valuable learning experience for them. It teaches them about the consequences of their financial decisions and helps them develop better money management skills.

For example, if your child wants to buy a toy or a video game, let them make the purchase with their own money. If they later realize that they didn't really want or need the item, it can be a lesson in buyer's remorse and the importance of thoughtful spending. These small mistakes can help children understand the value of their money and make better decisions in the future.

It is important, however, to provide guidance and support to prevent children from making significant financial mistakes. As they get older and have more responsibility, such as a part-time job or an allowance, encourage them to budget their money and make informed choices. Teach them about the importance of saving, budgeting, and avoiding unnecessary debt.

Introducing Bank Accounts and Debit Cards

As children grow older and become more independent, it is important to introduce them to the world of banking and financial management. Opening a bank account for them and providing them with a debit card can be a great way to teach them about saving, spending, and managing their own finances.

Having a bank account allows children to see their money grow and understand the concept of interest. It also teaches them about the responsibilities that come with managing their own finances, such as tracking their balance, avoiding overdraft fees, and protecting their card and personal information.

Recently, I introduced my own children to the world of debit cards. While I initially had reservations about the convenience of digital payments, I realized that it is essential for them to learn how to manage their finances in a digital world. We discussed terms like deposits, transfers, and available balance, and they now have a better understanding of how to use their debit cards responsibly.

Conclusion

Teaching children about money is an important responsibility for parents. By starting conversations about money, using tangible money, allowing reasonable mistakes, and introducing bank accounts and debit cards, we can help our children develop essential money management skills.

Remember, every child is different, and it is important to tailor your approach to their individual needs and abilities. By instilling good money habits from a young age, we can set our children up for a lifetime of financial success.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Episode Summary:

In this episode, Amy Irvine and Kate Welker discuss the integration of money within relationships, specifically focusing on couples. They provide tips and suggestions for having open and productive conversations about money, even when one partner may be hesitant. The hosts emphasize the importance of setting regular "money dates" to review finances, celebrate wins, and address any concerns. They also explore the psychology of money within relationships, highlighting how different individuals may view money through the lens of survival, safety and security, love and belonging, self-esteem, or self-actualization. By understanding each partner's money personality, couples can navigate potential conflicts and find common ground.

Key Takeaways:

Notable Quotes:

Resources:

Setting Money Dates: Celebrating Wins and Addressing Challenges

One effective strategy for couples to stay on the same page financially is to set regular money dates. These dates provide an opportunity to review the state of their finances, celebrate achievements, and address any challenges they may be facing. Amy Irvine and Kate Welker emphasize the importance of creating a positive and joyful atmosphere during these conversations.

For Amy and her husband, they have an annual financial summit every January. They review their spending plan, track their expenses, and discuss areas where they may need to make adjustments. By approaching this process as a team, they are able to identify areas of overspending, such as wine purchases, and make necessary changes. Kate, on the other hand, has more casual conversations with her husband, discussing the status of their finances and upcoming expenses during car rides or while relaxing at home.

The key takeaway from these approaches is that couples should find a system that works for them. Whether it's a formal financial summit or more informal check-ins, the goal is to ensure both partners are aware of their financial situation and can make decisions together. By celebrating wins and addressing challenges as a team, couples can strengthen their financial bond and reduce stress around money.

Engaging Reluctant Partners in Financial Conversations

In some relationships, one partner may be hesitant to discuss money or take an active role in financial matters. This can create a burden on the partner who handles the finances and may lead to feelings of anxiety and stress. In such cases, it is important to approach the conversation with empathy and understanding.

Amy and Kate suggest starting with small steps to involve the reluctant partner in financial discussions. This can be as simple as sharing brief updates on the state of the finances during casual moments, such as car rides or while watching TV. By gradually increasing their involvement, the reluctant partner may feel more comfortable and willing to take on additional responsibilities.

It is also crucial to have open and honest communication about the impact of financial anxiety on the relationship. If one partner is feeling overwhelmed by the responsibility of managing the finances alone, they should express their concerns and ask for support. By sharing the emotional burden, couples can work together to find a balance that works for both of them.

Understanding Money Personalities: Finding Common Ground

Each individual has their own unique money personality, shaped by their upbringing, experiences, and values. Understanding these money personalities can help couples navigate conflicts and find common ground. Amy and Kate highlight the importance of recognizing the different perspectives that arise from varying money personalities.

One common money personality is the safety and security mindset. Individuals with this mindset prioritize financial stability and may feel anxious when bank accounts drop too low or debt increases. They view money as a means of survival and may struggle to see gifts or spending as expressions of love. On the other hand, individuals with a love and belonging mindset see money as a way to express their affection and may prioritize spending on others, even at the expense of their own financial security.

Conflicts can arise when partners with different money personalities clash. For example, a safety and security-minded individual may feel threatened by their partner's spending, while the love and belonging-minded partner may feel misunderstood. By recognizing and discussing these differences, couples can find ways to compromise and meet each other's needs.

Another important money personality is self-esteem. Individuals with a self-esteem mindset may view certain purchases as necessary for building confidence and self-worth. They may feel judged by others and believe that spending money on themselves is essential for their well-being. Understanding this mindset can help partners support each other's emotional needs while maintaining financial responsibility.

By acknowledging and respecting each other's money personalities, couples can work towards finding a balance that aligns with their shared values and goals. This understanding can foster empathy and reduce conflicts related to money.

Conclusion

Navigating the complexities of financial relationships requires open communication, empathy, and an understanding of each other's money personalities. Setting regular money dates can help couples stay on the same page and celebrate financial wins together. When one partner is reluctant to discuss money, starting with small conversations and gradually increasing involvement can help them feel more comfortable. Understanding and respecting each other's money personalities can also help couples find common ground and reduce conflicts.

By approaching money as a team and supporting each other's emotional needs, couples can build a strong foundation for their financial future. Remember, it's not just about the numbers; it's about the journey and the joy that comes from working together towards shared goals.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode, Amy Irvine, CEO and founder of Rooted Planning Group, discusses the financial issues to consider when facing job loss. She provides valuable tips and insights to help individuals navigate through this challenging period. Amy covers topics such as cash flow management, health insurance options, debt management, retirement accounts, and tax planning. She emphasizes the importance of reviewing budgets, exploring available resources, and seeking assistance when needed. Listeners will gain practical advice and strategies to help them maintain financial stability during a job loss.

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

Resources:

Losing your job can be a challenging and emotional experience, but by understanding the key issues and taking proactive steps, you can navigate this period with greater confidence. Assessing your cash flow, understanding your benefits, reviewing and adjusting your budget, exploring alternative income sources, addressing health insurance concerns, communicating with lenders, evaluating retirement account options, leveraging home equity options, exploring tax planning opportunities, navigating non-compete agreements, and updating your contact information are all crucial aspects to consider.

Remember, this is a temporary setback, and with careful planning and perseverance, you can overcome this challenge and find new opportunities. Reach out to resources available to you, such as recruiters and career services, and don't hesitate to seek professional financial advice to ensure you make informed decisions during this transition.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Financial Wellness: Tips for a Successful Year

As we enter a new year, many of us have resolutions and goals in mind, but sometimes it can be challenging to find the momentum to get started. In this article, we will explore some financial tips and ideas to help you kickstart your journey towards financial wellness. Whether you are already on track or looking to make changes, evaluating your current situation and aligning your values with your financial goals are essential steps to take. Let's dive in and explore these key themes in more detail.

Key Takeaways:

Evaluating Your Financial Situation

Before embarking on any financial journey, it is crucial to evaluate your current situation. Take a moment to assess your goals and determine if there are any changes you want to make. If you find yourself content with your financial life, congratulations! You have likely put in the hard work to reach that point. However, if you have goals or know someone who does, it's important to share these tips with them.

Aligning Your Values with Your Financial Goals

To ensure your financial wellness, it is essential to align your values with your financial goals. Assigning a purpose to every dollar you earn will help you prioritize your spending and make intentional choices. Consider what is truly important to you and evaluate if your current spending aligns with those values. For example, if you find yourself spending extra money at the grocery store, consider redirecting those funds towards goals that hold more value for you. Additionally, take the time to review your insurance coverages and make sure they align with your needs.

Practical Steps for Financial Wellness

Once you have evaluated your financial situation and aligned your values with your goals, it's time to take practical steps towards financial wellness. Start by tracking your monthly income and expenses. This can be as simple as creating a spreadsheet or writing it down on paper. By doing so, you can identify areas where you can save or reallocate funds towards your goals.

Consider exploring cash back credit cards that offer higher interest rates than your savings account. This option is suitable for individuals who pay off their credit card balance in full each month. By using a cash back credit card for everyday expenses like groceries, you can earn rewards that can be put towards your goals.

Another practical step is to review the interest rates on your loans. If you have loans with high-interest rates, consider putting additional money towards paying down the principal balance. This will help you save on interest payments in the long run.

Checking Your Credit Report and Living Below Your Means

To ensure your financial wellness, it's important to regularly check your credit report for any discrepancies or fraudulent activity. This will help you maintain a good credit score and protect yourself from identity theft. Additionally, consider freezing your credit to prevent unauthorized access.

Lastly, learning to live below your means is a crucial aspect of financial wellness. By spending less than you earn, you create a cushion that allows you to save for future goals and unexpected expenses. Take the time to assess your expenses and ensure they align with your values. Avoid falling into the trap of keeping up with societal pressures and focus on what truly matters to you.

Conclusion

In conclusion, achieving financial wellness requires evaluating your current situation, aligning your values with your goals, and taking practical steps towards financial success. By tracking your income and expenses, exploring cash back credit cards, reviewing your insurance coverages, and living below your means, you can set yourself up for a successful financial year. Remember, if you feel overwhelmed, don't hesitate to seek help from professionals who can guide you on your journey towards financial wellness.

As first-time moms, Becky Eason and Liz Zemak have embarked on a journey filled with joy, challenges, and learning experiences. In this episode, we will delve into their insights and tips on how to navigate the world of motherhood while also taking care of their health and finances. Both Becky and Liz are members of the Rooted Planning Group, a women-owned financial planning group that empowers women to take control of their financial futures. Let's explore the main themes they discussed and the implications they have for new moms.

Summary:

Becky and Liz, first-time moms and members of the Rooted Planning Group team discuss their experiences and provide tips on health and financial planning for new moms. They emphasize the importance of finding time for self-care, incorporating outdoor activities, and reflecting on personal goals. In terms of financial planning, they recommend starting early by setting up brokerage accounts or 529 plans for their children. They also discuss the importance of teaching children financial responsibility and monitoring their spending habits.

Key Takeaways:

Finding time for self-care is essential for new moms, even if it's just a few minutes each day.Incorporating outdoor activities, regardless of the weather, can benefit both moms and children.Starting early with financial planning by setting up brokerage accounts or 529 plans can provide future financial security for children.Teaching children financial responsibility and monitoring their spending habits are crucial for their financial well-being.

Quotes:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As we enter a new year, many of us have set resolutions to improve our health and financial well-being. It's no secret that nutrition and financial planning are both important aspects of our lives, but have you ever considered the similarities between the two? In this edition of Money Roots, we explore the connection between nutrition and financial planning and how they can impact our overall well-being.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Summary:

In this episode of the Money Roots podcast, Amy Irvine and Liz Lemak discuss the connection between nutrition and financial planning. They highlight three key similarities between the two:

Food as Fuel: Just as nutrition is important for fueling the body, financial planning involves being intentional about what you're putting into your portfolio. Both require mindfulness and a long-term perspective.Ingredients Matter: Paying attention to the ingredients in your food is crucial for maintaining good health. Similarly, when building a portfolio, it's important to carefully consider the ingredients, or investments, that make up your portfolio. Being mindful of what you're putting in and how it aligns with your long-term goals is essential.Macronutrients and Micronutrients: Nutrition involves balancing macronutrients (fats, carbohydrates, and proteins) and micronutrients (vitamins and minerals) for optimal health. Similarly, a well-diversified portfolio includes a balance of equities (macronutrients) and fixed income investments (micronutrients) to ensure long-term success.

Taking care of your health, both through nutrition and financial planning, is important for overall well-being and can have a significant impact on your future.

Key Takeaways:

Food is fuel for the body, and financial planning involves being intentional about what you're putting into your portfolio.Pay attention to the ingredients in your food and the investments in your portfolio to ensure they align with your long-term goals.Balancing macronutrients and micronutrients in nutrition is similar to balancing equities and fixed income investments in a portfolio.

Fueling Your Body and Your Portfolio

When it comes to nutrition, one of the key principles is to view food as fuel for your body. Liz Lemak, a nutrition and fitness expert, emphasizes the importance of being intentional about what we put into our bodies. She explains, "If you know you're going to be extra active on a certain day, make sure you're fueling yourself enough. And on days when you're taking it easy, be mindful of what you're eating."

This concept of being mindful and intentional applies to financial planning as well. Just as we need to fuel our bodies with the right nutrients, we also need to fuel our portfolios with the right investments. Liz highlights the importance of building a portfolio that aligns with our long-term needs and goals. She states, "It's not about getting rich quick, but rather building habits and routines that will serve us well in the long run."

Ingredients Matter: What's in Your Food and Your Portfolio

When it comes to nutrition, paying attention to the ingredients in our food is crucial. Liz advises, "Flip the box over, pay attention to the calories, serving size, and the ingredients. Be mindful of what you're putting into your body." This awareness allows us to make informed choices about what we consume and how it affects our health.

Similarly, when it comes to financial planning, the ingredients in our portfolio matter. Liz compares the ingredients in our food to the investments in our portfolio, stating, "When we do portfolio reviews, we look at the different investments within a portfolio. We pay attention to the ingredients, so to speak, that make up a certain fund or company." It's important to carefully consider the investments we choose and ensure they align with our long-term goals.

Macronutrients and Equities: Finding the Right Balance

In the world of nutrition, macronutrients play a vital role in providing our bodies with energy. Liz explains, "You have your fats, carbohydrates, and proteins. They all have a purpose and a reason to give us energy." It's important to find the right balance of these macronutrients based on our individual needs and preferences.

Similarly, in financial planning, equities can be compared to macronutrients. Liz advises, "Don't cut out a certain sector or focus too heavily on one sector. It's important to have a balanced portfolio." Just as we need a balance of macronutrients for optimal health, we need a balanced portfolio to achieve our financial goals.

On the other hand, micronutrients in nutrition are like fixed income investments in our portfolio. Liz explains, "They help fuel us for the long term. Things like bonds and CDs provide stability and act as a safety net for our portfolio." It's important to consider both equities and fixed income investments to ensure a well-rounded and resilient portfolio.

The Impact on Health and Retirement

The connection between nutrition and financial planning becomes even more significant when we consider the impact on our health and retirement. Amy Irvine, the host of Money Roots, highlights the correlation between the two. She explains, "If you are someone who will require a lot of healthcare in retirement and you're not taking care of your nutrition, then your portfolio may need to be more risky or you'll have to cut out other expenses to pay for your healthcare."

Our health plays a crucial role in our financial well-being, especially in retirement. Taking care of our nutrition and overall health can help reduce healthcare costs and ensure a more secure retirement. Amy emphasizes the importance of strong roots in both our financial and physical health, stating, "If your roots are strong, if your health is strong, then your branches can be strong."

Conclusion and Future Outlook

The connection between nutrition and financial planning is undeniable. Both require mindfulness, intentionality, and a long-term perspective. By viewing food as fuel for our bodies and investments as fuel for our portfolios, we can make informed choices that support our overall well-being.

As we move forward, it's important to continue exploring the connection between nutrition and financial planning. By understanding the impact of our choices on our health and retirement, we can make better decisions that align with our long-term goals. Let us remember that our health is our first wealth, and by nourishing our bodies and portfolios, we can build a strong foundation for a prosperous future.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Live Like an Otter: Finding Happiness in Everyday Moments

Welcome to the first episode of Money Roots, where we explore the intersection of personal finance and personal growth. Today, I am thrilled to have Sandra Miller, a happiness coach and host of the sassy podcast "A Sassy Little Podcast," as our guest. Sandra has embarked on a journey to find happiness and has now become a happiness coach herself. In this episode, we delve into Sandra's personal journey, the concept of happiness coaching, and how we can all cultivate more happiness in our lives.

Key Takeaways:

About The Guest(s):

Sandra Miller is a happiness coach and the host of a popular podcast. She embarked on a journey to find happiness after feeling a lack of optimism and joy in her life. Through her own experiences and research, she discovered the power of authentic happiness and decided to become a happiness coach to help others find their own happiness.

A Sassy Little Substack | Sandra Ann Miller | Substack

asassylittle.com

Home | Sassy Little Podcast

Email Sandra - sassy@asassylittle.com

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

The Journey to Happiness

Sandra shares that she had been in a bit of a funk since the end of 2016, feeling a lack of optimism and overall dissatisfaction. However, by the end of 2022, she realized that something needed to change. She wanted to be happy, but not in a superficial or toxic way. Sandra emphasizes that happiness is not about pretending everything is great or ignoring negative emotions. It is about authentic happiness, feeling all of our feelings, and understanding that we can always find our way back to happiness.

"I wanted to be happy. And I'm going to do a big caveat right now in saying happiness is one thing. Toxic positivity is the antithesis of happiness. So this isn't putting on a smile. This isn't pretending like everything's great. This is really getting into authentic happiness, feeling all of your feelings, being in whatever mood you're going to be in, but also understanding you can get back to being happy."

The Role of a Happiness Coach

Sandra stumbled upon the concept of happiness coaching during her journey to find happiness. She realized that she wanted to help others find their own happiness and become a happiness coach herself. But what exactly does a happiness coach do?

"For me, I kind of spent all of 2023 making sure my philosophy kind of worked because what was important to me was that I still got to be me. I didn't have to turn into a pod person... I wanted to keep all of that because even though those aren't necessarily wonderful traits that everybody wants to aspire to, I kind of like those parts of myself. So I didn't want to have to abandon who I was in order to be happy."

Sandra explains that a happiness coach helps individuals discover their own happiness by focusing on two types of happiness: hedonic and eudaimonic. Hedonic happiness is derived from external factors such as material possessions, experiences, and relationships. On the other hand, eudaimonic happiness comes from within, from knowing one's worth, understanding one's purpose, and appreciating what one has.

Building the Foundation of Happiness

Sandra believes that happiness starts with the little things in life. It is about finding joy in everyday moments and shifting our perspective to appreciate what we have. She encourages individuals to give themselves permission to be happy and to pay attention to the moments that bring them joy.

"It's really important that we learn to be happy. And it's really as simple as two steps. Give yourself permission and shift your perspective... So allow yourself, like literally say, I allow myself to be happy... and then just pay attention. If you're in a good mood, kind of wonder why. Think about it for a little bit. Oh, yeah, I got that green light. I was on time for work today. That kind of stuff."

Sandra emphasizes that building happiness is a gradual process, akin to building a foundation with Lego blocks. It may seem silly at first, but by focusing on the little things that bring us joy, we can gradually strengthen our happiness muscle.

Authenticity and Feeling All Emotions

One of the misconceptions about happiness is that it requires suppressing or ignoring negative emotions. Sandra dispels this notion and emphasizes the importance of feeling all emotions authentically.

"You have to feel all of your feelings. They're telling you something. They're telling you something about yourself and the situation you're in. They're there to teach you, not to annoy you... You're going to feel everything. And just because you feel another emotion doesn't mean you're unhappy... It's just you're having this experience in this moment, and that's fine."

Sandra encourages individuals to embrace their authentic selves and to allow themselves to experience a range of emotions. Being happy doesn't mean being a doormat or ignoring the challenges of life. It means finding peace within oneself and being able to return to a state of happiness even amidst difficult circumstances.

The Power of Gratitude and Appreciation

Gratitude plays a significant role in cultivating happiness, but Sandra prefers to use the term "appreciation" to avoid the association with toxic positivity. She suggests taking the time to appreciate and be thankful for the things that make us happy, no matter how small.

"If you are thankful for things, if you are appreciative of things... write it down. Even if it's just three things or just mentally note three things in the morning and the evening that you're grateful for, that you're thankful for, that you appreciate, that made your day easier... because a lot of this is the words around it... Because when you appreciate something or when something is appreciating, it's growing."

Sandra highlights the importance of acknowledging and expressing appreciation for the positive aspects of our lives. By doing so, we can shift our focus from what is lacking to what we already have, fostering a sense of contentment and happiness.

Spreading Happiness and Finding Connection

Loneliness and the feeling of being alone in our struggles can hinder our happiness. Sandra believes that coming together as a community and sharing our experiences can be incredibly powerful in cultivating happiness.

"I think we need to remind ourselves of that, that we've been on overload for so long, and the people around us are on overload for so long that if we can start bringing in some happiness and some joy, it really does benefit everyone around us... It's not that binary. It's not like if I'm happy, I'm ignoring everything else... You're present with what's happening in the world, but you're also present with how you're feeling as you."

Sandra envisions hosting seminars and workshops to bring people together and create a space for sharing experiences and learning from one another. By finding connection and realizing that we are not alone in our pursuit of happiness, we can uplift and support each other on our individual journeys.

The Future of Happiness Coaching

Sandra plans to continue offering webinars and individual coaching sessions to help individuals find their own happiness. She aims to create a safe and supportive environment where people can explore their own happiness and set and achieve their goals.

"I'm doing what I call podlets for my paid subscribers on Substack, which is just shorter versions of the podcast, and just to kind of get my feet wet again in doing that because it's just so much fun... I do want to get back to that. So I'm hoping maybe by mid-year."

Sandra also plans to revive her podcast, "A Sassy Little Podcast," in the future, as it was a source of joy and connection for her. She believes that laughter and fun are essential components of happiness and hopes to continue spreading happiness through her podcast.

Conclusion: Living Like an Otter

In conclusion, Sandra Miller's journey to happiness and her role as a happiness coach offer valuable insights into cultivating happiness in our lives. By giving ourselves permission to be happy, shifting our perspective, and appreciating the little things, we can build a foundation of happiness that sustains us through life's ups and downs. Authenticity, feeling all emotions, and expressing gratitude or appreciation further contribute to our overall happiness.

As we navigate the challenges of life, it is essential to remember that happiness is not about ignoring or suppressing negative emotions. It is about finding peace within ourselves and being able to return to a state of happiness even amidst difficult circumstances. By embracing our authentic selves and allowing ourselves to feel all emotions, we can experience true happiness.

Sandra's vision of creating a community of individuals on the happiness journey is a powerful reminder that we are not alone. By coming together, sharing our experiences, and supporting one another, we can uplift and inspire each other to live happier lives.

So, let us all take a page from Sandra's book and live like otters—finding joy in everyday moments, making life fun, and spreading happiness wherever we go. May this new year be filled with laughter, appreciation, and the pursuit of authentic happiness.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Mentioned in this episode:

Summer Break

Welcome to the final edition of Wine and Dime for 2023! As we wrap up the year, I am thrilled to have the whole team here today to share our favorite financial tips. But before we dive into that, I want to make a special announcement. In 2024, we will be rebranding the podcast as Money Roots. This exciting change will bring a fresh perspective and allow us to explore a wider range of topics related to personal finance. So, stay tuned for an even more engaging and informative podcast next year!

Now, let's get back to the main focus of today's episode. Each member of our team will be sharing their one financial tip that they hope you will take with you into 2024. These tips are not only applicable to your finances but can also be applied to various aspects of your life. So, without further ado, let's hear from our team!

Key Takeaways:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Discipline is Freedom: A Tip for Life

Kerrie Beene kicks off our discussion with a powerful tip that applies to all areas of life, including finances. She shares, "Discipline is freedom. It's a skill that you can apply to every area of your life." Carrie emphasizes the importance of not procrastinating and taking care of things upfront. By being disciplined, we can avoid piling up tasks and instead experience a sense of freedom and control. This tip is especially relevant when it comes to managing our finances and not ignoring important financial matters.

Start Small: Setting Yourself Up for Success

Liz Zemak builds on Carrie's tip by encouraging listeners to start small when implementing change. She advises, "Take little bite-sized amounts that you can handle. Start small and set yourself up for success." Liz highlights the significance of starting with achievable goals, even if it's just saving a small amount each week. By starting small and experiencing success, we can build discipline and gradually work towards bigger financial goals.

Reflecting on Joy: Setting Intentions for the Future

Becky Eason suggests using the end of the year as a reflection point to identify what brought you joy and how you can continue that into the next year. She explains, "Think about what you spent money on that brought you joy and what you're proud of." By reflecting on joyful experiences and spending habits, we can set ourselves up for continued happiness and make intentional choices that align with our values. This practice can be particularly valuable when setting financial goals and making spending decisions.

Life Happens: Embracing Change and Moving Forward

Kate Welker reminds us that life happens and that we should not dwell on past mistakes or missed opportunities. She shares, "Life happens. You can't change what you did, but let's make a plan to go forward." Kate emphasizes the importance of letting go of shame and regrets and instead focusing on creating a new perspective and setting new intentions. This tip is especially relevant for those who may have made financial mistakes in the past and need to shift their mindset to move forward.

Do Something Scary: Embracing Growth and Change

As the host of the podcast, I want to share my own tip for the new year: do something scary. I encourage listeners to step out of their comfort zones and embrace opportunities for growth and change. I share, "This year, we've been doing a lot of things that have made me lay in bed at night and worry, and you know what? The result has not been as scary as I made it." By taking risks and facing our fears, we open ourselves up to new possibilities and experiences. This tip can be applied to both our personal and financial lives, as it encourages us to challenge ourselves and pursue our goals with courage and determination.

Conclusion: Looking Ahead to Money Roots

As we wrap up this episode and the year, I want to express my gratitude to all our listeners and to TJ Meehanof Meehan Media for his invaluable support in producing the podcast. I am excited about the future of Money Roots and the opportunity to bring you even more engaging and informative content in 2024. We hope that these financial tips from our team will inspire you to make positive changes in your life and set yourself up for a successful and fulfilling year ahead. Cheers to a bright future and a prosperous 2024!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As the year comes to a close, it's natural for us to reflect on our experiences and prepare for the holiday season. However, for many families, this time of year can also stir up a mix of emotions, particularly when it comes to finances. In this podcast episode, we delve into the complex dynamics of family, finance, and the emotional impact it can have during the holidays.

Key Takeaways:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

The Complexity of Family Systems

To understand the dynamics at play, it's important to consider the concept of family as a system. According to general systems theory, families are open systems that continuously interact with their environment. They sustain themselves through the exchange of resources, such as money, time, labor, and energy. However, families can also exhibit characteristics of closed systems, where they become insulated or isolated within their environment.

When it comes to family finances, we can break down the system into four key components: input, throughput, output, and feedback. Input refers to the money and resources a family receives, while throughput involves the processes used to convert those inputs into products or services. Output represents the goods and services that the family utilizes, and feedback provides information to make the system more efficient.

Navigating Differences in Family Values

One of the challenges that families often face is navigating differences in values and approaches to money, even when raised under the same roof. This can lead to tension and disagreements, especially during the holiday season when financial decisions are at the forefront. To address these differences, it's essential to establish clear family rules and guidelines.

Firstly, families should define the range of behaviors they are comfortable with when it comes to finances. This allows for a middle ground where everyone's needs and preferences are considered. Secondly, it's important to eliminate negative feedback and punishment as mechanisms for enforcing financial rules. Instead, focus on positive feedback and constructive conversations that promote growth and understanding.

Setting patterns of family interactions is another crucial aspect. By establishing how the family will react and handle situations when financial boundaries are breached, you can create a supportive and respectful environment. Lastly, recognize the power of positive feedback loops and incorporate them into your family dynamics. Celebrate and reinforce behaviors that align with your financial goals and values.

The Power of Positive Conversations

As we approach the holiday season, it's an opportune time to engage in positive conversations about money and values within the family. Reflecting on the past year, ask yourselves what financial decisions or experiences have brought you joy. This exercise helps identify the areas where your money is aligned with your values and can guide future spending decisions.

Additionally, consider what you are proud of, both financially and non-financially. This broader perspective allows you to appreciate the progress you've made as a family and reinforces positive behaviors. Finally, imagine life without certain aspects that bring you joy or fulfillment. This exercise helps prioritize your spending and focus on what truly matters to you as a family.

Implications and Future Outlook

By addressing the emotional aspects of family finances, we can create a healthier and more harmonious environment. Open and honest conversations about money can lead to a deeper understanding of each family member's values and priorities. This, in turn, allows for more effective financial planning and decision-making.

As we look to the future, it's important to continue these conversations and adapt as circumstances change. Financial dynamics within families evolve over time, and it's crucial to regularly reassess and realign your goals and values. By maintaining open lines of communication and a willingness to compromise, families can navigate the complexities of finance and strengthen their relationships.

In conclusion, the holiday season can be a time of joy and celebration, but it can also bring about financial stress and emotional turmoil within families. By understanding the dynamics of family systems and implementing positive communication strategies, we can create a more harmonious and fulfilling experience. As we embark on a new year, let us prioritize open and honest conversations about money and values, ensuring that our financial decisions align with our true priorities as a family.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Amy Irvine discusses important financial considerations to keep in mind before the end of the year. She covers topics such as unrealized investment losses, capital gain distributions, required minimum distributions (RMDs), qualified charitable distributions (QCDs), income and tax planning, capital gains, thresholds for tax brackets and Medicare premiums, business expenses, retirement plans, changes in marital status, maximizing health savings accounts (HSAs), insurance planning, estate planning, and financial aid strategies for college.

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

Links to the Checklists Mentioned in this episode

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode, Amy Irvine continues the conversation on the challenges faced by the sandwich generation, those who are simultaneously caring for their aging parents and their own children. She provides practical advice on various aspects of caregiving, including healthcare plans, transportation options, community involvement, hiring a fiduciary, and backing up important documents. Amy also discusses the benefits of considering a continuing care retirement community and emphasizes the importance of having ongoing conversations about aging parents' care.

Key Takeaways:

Find the right healthcare plan for your aging parents based on their specific needs and circumstances.Explore transportation options for your parents, such as public transportation or organizations that provide free transportation for seniors.Ensure that your parents have a sense of community and social interaction to prevent feelings of isolation and depression.Consider hiring a fiduciary to manage your parents' finances and protect against fraudulent activity.Back up important documents and photos on your parents' phones to ensure easy access and documentation of their belongings.Explore continuing care retirement communities as a potential option for comprehensive care and a sense of community for aging parents.

Quotes:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

The Importance of Healthcare Planning

One of the first considerations when it comes to caring for aging parents is their healthcare plan. It's crucial to find the right insurance coverage that suits their specific needs. This can be a daunting task, but there are resources available to help. The Office for the Aging and Medicare brokers can assist in determining the most suitable plan based on factors such as medications, doctors, and chronic conditions. Finding the right insurance plan can alleviate the financial burden on your parents and ensure they receive the necessary care.

Transportation Solutions for Aging Parents

As driving becomes more challenging for aging parents, finding reliable transportation options becomes essential. Public transportation services for the elderly may be available in certain counties or states. Additionally, some organizations offer free transportation services for individuals over the age of 65. Consulting with your parents' physicians or local community organizations can provide valuable information on transportation options. Ensuring that your parents have access to transportation not only helps them maintain their independence but also fosters a sense of community and prevents isolation.

Building and Maintaining a Supportive Community

The lack of interaction and community can be a significant concern for aging parents who live alone. As their circle of friends diminishes, they may experience feelings of loneliness and depression. It's crucial to be aware of their community involvement and encourage social connections. Engaging in activities and programs specifically designed for seniors can help combat isolation and provide a sense of belonging. By actively supporting your parents' social interactions, you can contribute to their overall well-being.

The Role of a Fiduciary in Financial Management

When distance becomes a barrier to providing hands-on financial assistance, hiring a fiduciary can be a viable solution. A fiduciary acts as a financial guardian, ensuring bills are paid, protecting against fraudulent activity, and overseeing the overall financial well-being of your parents. This can be particularly beneficial if you are unable to be physically present to manage their finances. Many organizations offer fiduciary services, allowing you to entrust the financial aspects of your parents' care to a qualified professional.

Safeguarding Memories and Assets

Preserving memories and safeguarding assets is another crucial aspect of caring for aging parents. By ensuring that your parents have access to a cell phone or emergency phone, you can facilitate communication and provide a lifeline in case of emergencies. It's essential to back up any important photos or documents stored on their phones, either by adding them to your plan or regularly receiving copies. This way, you can protect cherished memories and have documentation of their possessions, which can be valuable in case of any issues or concerns.

Exploring Continuing Care Retirement Communities

As the aging process continues, it's important to consider long-term care options for your parents. Continuing Care Retirement Communities (CCRCs) offer a comprehensive solution by providing a sense of community, transportation services, and various levels of care. CCRCs often require an upfront commitment, but some communities offer the possibility of a return on this investment. By choosing a CCRC, you can ensure that your parents receive the care they need while potentially recouping a portion of the initial commitment. Exploring different CCRCs and taking tours can help you make an informed decision while your parents still have a say in their future.

Conclusion: Nurturing the Sandwich Generation

Caring for aging parents while raising a family of your own is a delicate balancing act. It requires careful planning, open communication, and a proactive approach to ensure the well-being of everyone involved. By addressing the key themes discussed in this conversation, such as healthcare planning, transportation solutions, community engagement, fiduciary services, asset protection, and exploring CCRCs, you can navigate the challenges of the sandwich generation with greater ease.

As we continue to explore this topic, it's important to remember that the care of aging parents is an ongoing process. By having open and honest conversations, touring potential care facilities, and staying informed about available resources, you can make informed decisions that prioritize the health and happiness of your loved ones. The journey may be challenging, but with the right support and strategies in place, you can provide the care and support your parents need while maintaining your own well-being.

Thank you for joining us on this journey, and we encourage you to share this article with others who may benefit from these insights. Together, we can navigate the complexities of the sandwich generation and create a brighter future for our families.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As we approach the end of the year, many of us find ourselves reflecting on the challenges and joys of the past months. For some, this reflection includes the realization that they are part of the "sandwich generation" - a group of individuals who are caught between the responsibilities of caring for their aging parents and raising their own children. This delicate balancing act can be emotionally and physically draining, leaving individuals feeling torn between their parents, their children, and their careers.

In this edition of Wine and Dime, we will explore the unique challenges faced by the sandwich generation and discuss practical steps that can be taken to navigate this complex situation. We will delve into the importance of creating a "red file" for your parents, which includes essential documents and information, and we will also explore the financial implications of providing care for aging parents. Finally, we will discuss the importance of open and honest communication with your parents about their wishes and the potential need for long-term care.

Key Takeaways:

Red FileChecklist Download

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Creating a Red File: Ensuring Preparedness

One of the first steps in preparing to care for aging parents is to create a "red file" - a comprehensive document that contains all the essential information and documents needed in case of an emergency. This file should include copies of important documents such as Social Security cards, driver's licenses, passports, insurance cards, and birth certificates. It should also include information about any military service, vaccinations, and a list of contacts for banks, lawyers, doctors, and insurance agents.

"It's a very important topic to bring up with both you and your folks and your kids, potentially." - Amy Irvine

By having this information readily available, you can quickly and efficiently handle any necessary paperwork or inquiries that may arise in the event of an emergency. Additionally, it is crucial to include a list of medications and any legal documentation, such as a healthcare proxy or HIPAA agreement, to ensure that you can make informed decisions on behalf of your parents if needed.

The Financial Implications of Caregiving

Caring for aging parents can have significant financial implications, and it is essential to consider these factors when planning for the future. Whether it is providing financial assistance or taking time off work to care for parents, there are costs associated with supporting aging loved ones.

"Start mapping out what if my parents need short-term help? What if my parents need a medium amount, somewhere between short and long? And what if they need long-term? What would that look like in my life, our lives?" - Amy Irvine

To begin, it is crucial to assess the potential impact on your career. Will your employer allow you to work remotely or take extended leave if necessary? Understanding your company's family leave policies and the potential impact on your benefits, such as health insurance and retirement contributions, is essential for financial planning.

Additionally, consider the potential costs of hiring additional help or assistance for your parents. If you need to take time off work, you may need to hire someone to provide care or assistance at home. This can include transportation services, in-home caregivers, or daycare for your children if they are young and require additional support during this time.

Communicating with Your Parents: Understanding Their Wishes

Open and honest communication with your parents about their wishes and preferences is crucial when planning for their care. While these conversations can be challenging, they are essential for ensuring that their needs are met and that you can provide the support they require.

"What are your wishes? Do you have a healthcare proxy? Do you have a power of attorney? Do you have a HIPAA release? Can I have a copy of that so that I can have it on file? What would your wishes be if you need some care, so that I can build that into my plan?" - Amy Irvine

Approach the conversation by expressing your concern and love for your parents. Let them know that you want to ensure they are taken care of and that you are there to support them. If they become defensive or resistant, reassure them that your intention is to help, not take something away from them.

It is also important to discuss the topic of driving and establish clear guidelines for when your parents may need to stop driving. This can be a sensitive issue, but having a plan in place and agreeing upon specific triggers for when alternative transportation options should be considered can help alleviate potential conflicts in the future.

Conclusion and Future Outlook

Caring for aging parents while raising a family and managing a career is undoubtedly challenging. However, by taking proactive steps to prepare for the future, such as creating a red file, considering the financial implications, and engaging in open communication with your parents, you can navigate this complex situation with greater ease.

"We understand that this is an area of stress for them, and certainly, it happens from time to time. You can kind of ease into the conversation and say, 'I didn't mean to upset you, but I just want to make sure that you're taken care of because I love you.'" - Amy Irvine

In the coming weeks, we will explore these topics in more detail, providing resources and guidance to help you navigate the challenges of caring for aging parents. Remember, you are not alone in this journey, and there are professionals available to support you every step of the way.

As we gather with our families during the holiday season, let us use this time to have open and honest conversations about the future and ensure that our loved ones' needs are met. By planning ahead and addressing these important topics, we can provide the care and support our parents deserve while maintaining balance in our own lives.

Thank you for joining us on this edition of Wine and Dime. We appreciate your support and encourage you to share this podcast with friends and family who may find it helpful. Together, we can navigate the challenges of the sandwich generation and create a brighter future for ourselves and our loved ones.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As the fall season approaches in upstate New York, I find myself drawn to the local wineries, indulging in the flavors and experiences they offer. Recently, I discovered a new winery called Billsboro, located in Geneva. Their Pinot Noir and unique blended rose caught my attention. If you're looking for a wine adventure, I highly recommend checking out their website and exploring their offerings. But today, I want to shift gears and discuss a topic that has been on many people's minds lately: the decision to buy a home.

In the current economic climate, with high interest rates making headlines, buying a home may seem like an impossible dream for many. However, the decision to buy a home is not solely driven by interest rates. It is a complex mix of financial and emotional factors that must be carefully considered. In this article, I will guide you through the key elements to consider when deciding whether to buy a home or continue renting.

To download our handy flowchart, Click Here

Key Takeaways:

Quotes:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Financial Considerations: Crunching the Numbers

When evaluating the financial aspect of buying a home, it is crucial to compare the costs of renting versus owning. To do this, start by listing all your rent-related expenses in column A. This includes rent, homeowners insurance, and any additional costs associated with renting. In column B, calculate the potential mortgage payment, breaking it down into principal and interest, insurance, taxes, and maintenance costs.

It's important to note that the principal and interest portion of the mortgage payment can change over time. By breaking it out separately, you can better understand the long-term financial commitment. Additionally, consider non-financial factors such as the duration of your stay. If you plan to relocate within five years, renting may be a more suitable option. However, if you're looking for a long-term commitment, buying a home may make more sense.

The Emotional Side of Homeownership

While the financial aspect is crucial, the decision to buy a home is also deeply emotional. For some, owning a home represents stability and a sense of settling down. This is particularly true for individuals in the military who frequently move and long for a place they can call their own. Owning a home provides a sense of safety and permanence.

When considering the emotional side of homeownership, it's essential to evaluate your personal goals and aspirations. Are you looking for a place to put down roots? Do you envision yourself making changes and improvements to a property? These factors can greatly influence your decision.

A Comprehensive Checklist for Homebuyers

To help you navigate the decision-making process, I have compiled a comprehensive checklist of questions to consider:

Determining the Cost: Do you need assistance in estimating the total cost of owning and maintaining a home, including mortgage payments, utilities, and commuting expenses?Impact on Savings: Will purchasing a home impact your ability to save for other financial goals?Living on One Income: If you have a spouse or partner, do you plan to live on one income at any point? Ensure that the home you choose fits within that budget.Long-Term Commitment: Do you plan to live in the home for five years or longer? This is crucial for calculating the break-even point and determining if buying is financially viable.Mortgage Considerations: Do you need assistance in understanding the financial impact of different types of mortgages, such as HSA loans or fixed versus variable rates?

By carefully considering these questions, you can gain a clearer understanding of your personal situation and make an informed decision.

The Impact of Interest Rates and Market Conditions

Interest rates play a significant role in the decision to buy a home. Currently, interest rates are at a historic high, which may deter some potential buyers. However, it's important to remember that interest rates can fluctuate over time. If rates go down in the future, you have the option to refinance your mortgage. Additionally, adjustable-rate mortgages offer the flexibility of lower rates initially, with the ability to refinance into a fixed-rate mortgage later.

While the current market conditions may seem challenging, it's worth noting that inventory levels have started to stabilize. The frenzy of over-asking price situations has diminished, and more listings are being reduced. This could indicate a potential stabilization or even a slight decrease in prices. Therefore, it's crucial to evaluate the market conditions in your area and consider the long-term implications.

Conclusion and Future Outlook

In conclusion, the decision to buy a home is a complex one that requires careful consideration of both financial and emotional factors. While high interest rates may seem daunting, it's important to evaluate the long-term benefits and potential for refinancing in the future. By using the checklist provided and thoroughly analyzing your personal situation, you can make an informed decision that aligns with your goals and aspirations.

As the real estate market continues to evolve, it's essential to stay informed and seek professional advice when needed. The decision to buy a home is a significant milestone in life, and it's crucial to approach it with a clear understanding of the financial and emotional implications. Remember, there is no right or wrong answer—what matters is finding the path that aligns with your unique circumstances and aspirations.

Thank you for joining me on this exploration of the decision to buy a home. I hope this comprehensive guide has provided valuable insights and guidance. If you have any further questions or need assistance, please don't hesitate to reach out. Cheers to finding your perfect home and enjoying the journey along the way!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode of the Wine and Dime podcast, host Amy Irvine welcomes Liz Zemak, a financial planner and tax professional. They discuss various sources of financial information that people can explore to enhance their financial knowledge. They highlight The Morning Brew, Wall Street Journal, CNBC, Bloomberg, Yahoo Finance, The Balance, Nerd Wallet, and Finra.org as reliable sources for financial news and education. Liz also mentions Student Loan Planner as a valuable resource for individuals dealing with student loans. The conversation emphasizes the importance of finding resources that present information in an easily understandable and digestible manner.

Key Takeaways:

The Morning Brew, Wall Street Journal, CNBC, Bloomberg, Yahoo Finance, The Balance, Nerd Wallet, and FINRA.org are reliable sources for financial information.Student Loan Planner is a valuable resource for individuals dealing with student loans.It is crucial to find resources that present information in an easily understandable and digestible manner.

About The Guest:

Liz Zemak is a financial planner and tax professional with over ten years of experience. She joined the Rooted Planning Group in July 2023 and has been dedicated to building client relationships and providing valuable financial advice. Liz is passionate about helping clients achieve their financial goals and has been pursuing certifications to enhance her expertise in the field.

Quotes:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Exploring Financial Resources: A Comprehensive Guide

Welcome to Wine and Dime, where we uncork the world of personal finance and explore the various sources of financial information available to individuals. In today's episode, we have Liz Zemak, a seasoned financial planner, joining us to discuss the different resources people can turn to for financial knowledge. As we delve into this topic, we'll highlight some of our favorite sources and the reasons why we find them valuable.

The Morning Brew: A Digestible Source of Financial News

One resource that our team unanimously recommends is The Morning Brew. This platform offers both a newsletter and a podcast, making it convenient for individuals to stay informed even on the go. Liz and I particularly appreciate The Morning Brew because it provides concise and easily digestible summaries of the top financial stories. It serves as a great starting point for exploring further information on specific topics.

Established Financial News Outlets

When it comes to financial news, there are several established outlets that consistently produce high-quality content. The Wall Street Journal, CNBC, Bloomberg, and Yahoo Finance are among our team's top picks. These sources cover a wide range of financial topics and provide in-depth analysis of current events. Their reputation and credibility make them reliable sources for staying updated on the latest developments in the financial world.

Going Back to Basics: The Balance and Nerd Wallet

Sometimes, it's essential to revisit the fundamentals of personal finance. The Balance and Nerd Wallet are two resources that excel in breaking down complex financial concepts into easily understandable language. Whether you're looking for information on different types of accounts, benefits offered at work, or general financial literacy content, these platforms offer valuable insights. They are particularly useful for individuals who are new to the world of finance or want to refresh their knowledge.

FINRA.org: A Trustworthy Consumer Education Resource

For those seeking factual and well-researched information, Finra.org is an excellent resource. While primarily known as a platform for broker registration, Finra.org also provides comprehensive consumer education. The content on this website undergoes rigorous checks, ensuring accuracy and reliability. It serves as a valuable resource for individuals looking to enhance their financial knowledge and make informed decisions.

Student Loan Planner: Navigating the Complexities of Student Loans

Student loans can be a significant financial burden for many individuals. That's why our team highly recommends Student Loan Planner, a resource dedicated to helping individuals navigate the complexities of student loans. With the rising costs of education, understanding repayment plans and exploring strategies for managing student debt is crucial. Student Loan Planner offers valuable insights and tools to help individuals make informed decisions regarding their student loans.

The Interplay Between Financial and Personal Health

As we wrap up our discussion on financial resources, it's worth highlighting the connection between financial health and personal health. Liz, with her background in bodybuilding and health training, emphasizes the importance of self-control, discipline, and consistency in both realms. Just as we develop healthy habits to take care of our physical well-being, we must cultivate similar habits to achieve financial goals. Whether it's practicing self-control in spending or consistently working towards financial objectives, these habits contribute to overall financial and personal well-being.

Conclusion: Empowering Yourself with Financial Knowledge

In today's digital age, there is an abundance of financial resources available at our fingertips. By exploring a variety of sources, we can empower ourselves with the knowledge needed to make informed financial decisions. From trusted news outlets like The Morning Brew, The Wall Street Journal, CNBC, Bloomberg, and Yahoo Finance to educational platforms like The Balance, Nerd Wallet, and Finra.org, each resource offers unique insights and perspectives. Additionally, specialized resources like Student Loan Planner cater to specific financial needs.

As we continue on our financial journey, let us remember the importance of consistency, self-control, and discipline. Just as we prioritize our physical health, we must prioritize our financial health. By leveraging the wealth of information available and developing healthy financial habits, we can achieve our goals and secure a brighter financial future.

So, grab a glass of your favorite wine or beverage of choice, and dive into the world of financial knowledge. Cheers to your financial well-being!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Amy Irvine and Kate Welker discuss whether people should be pulling money out of the stock market and putting it into cash. They explain that while cash may currently be yielding a high rate of return, historically, a stock market-based portfolio will provide a higher rate of return over the long term. They also discuss the concept of the yield curve and how it affects different investment options. Additionally, they provide tips for saving on taxes at the end of the year, such as maximizing contributions to retirement plans and considering Roth conversions.

Key Takeaways:

Quotes:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Should You Pull Money Out of the Stock Market?

The question of whether to pull money out of the stock market and invest in cash is a common one, especially during periods of market volatility. However, it is important to consider one's long-term goals and objectives before making any decisions based on fear. As Kate Welker, one of the financial planners at Rooted Planning Group, explains:

"If you have one side of your equation allocated to stocks and equities, and the other side allocated to fixed income, such as bonds, CDs, cash, or money market funds, it may be ideal to allocate a portion of your cash to a money market fund that is currently yielding a higher rate of return. While this rate is not guaranteed and may change in the future, it is currently around 5%."

It is crucial to remember that historically, a stock market-based portfolio has provided a higher rate of return over the long term compared to cash investments. As Kate points out, cash investments have historically averaged around 1.2% return, while a stock market-based portfolio can yield a historical rate of return of 7% to 9%. Therefore, staying invested in the stock market is generally more beneficial for long-term investment goals.

Understanding the Yield Curve

To fully grasp the implications of investing in different types of fixed income vehicles, it is important to understand the concept of the yield curve. The yield curve represents the relationship between the interest rates and the time to maturity of bonds of the same credit quality. A flat yield curve occurs when short-term and long-term interest rates are relatively equal, while an inverted yield curve occurs when short-term interest rates are higher than long-term rates.

As Amy Irvine, the CEO and founder of Rooted Planning Group, explains:

"A flat yield curve would mean that a three-month CD, a five-year CD, and a ten-year CD all have the same interest rate, for example, 5%. An inverted yield curve, on the other hand, occurs when shorter-term interest rates are higher than longer-term rates."

In recent years, the yield curve has been inverted, with shorter-term rates being higher than longer-term rates. However, the yield curve is starting to level out, and longer-term rates are beginning to rise. This normalization of the yield curve suggests that investing in longer-term fixed income vehicles may become more attractive in the future.

Last-Minute Tips for Maximizing Tax Savings

As the end of the year approaches, it is essential to consider strategies for maximizing tax savings. One such strategy is to contribute to retirement plans, such as 401(k)s or 403(b)s, before the end of the year. By increasing your deferral rate, you can lower your taxable income for the current year. Kate Welker advises:

"If you have extra cash flow available or have not maximized your employer-sponsored retirement plan, it may be beneficial to increase your deferral rate. This can help lower your taxable income for the current year."

Another strategy to consider is a Roth conversion. A Roth conversion involves transferring funds from a tax-deferred account, such as a traditional IRA, to a Roth IRA. By paying taxes on the converted amount now, you can potentially enjoy tax-free growth in the Roth IRA. Kate explains the importance of timing when considering a Roth conversion:

"If you anticipate being in a higher tax bracket in the future, it may make sense to do a Roth conversion now. By projecting your income for the year and determining your tax bracket, you can assess whether a Roth conversion would be beneficial."

Conclusion and Future Outlook

In conclusion, it is generally advisable to stay invested in the stock market for long-term investment goals, rather than pulling money out and investing in cash. While cash investments may offer a higher rate of return in the short term, historical data shows that stock market-based portfolios provide higher returns over the long term. Additionally, understanding the yield curve can help investors make informed decisions about fixed income investments.

As the end of the year approaches, it is crucial to consider strategies for maximizing tax savings. Contributing to retirement plans and considering Roth conversions can help lower taxable income and potentially provide tax-free growth in the future. By running projections and assessing one's tax bracket, individuals can make informed decisions about their financial future.

Looking ahead, it is important to stay informed about market trends, interest rates, and tax regulations. Consulting with a financial planner can provide valuable insights and guidance in navigating these complex financial decisions. By staying proactive and informed, individuals can make the most of their investments and optimize their financial well-being.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Wine and Dime is back with a new episode...

Budgeting. The mere mention of the word can send shivers down the spine of even the most financially savvy individuals. It's a topic that often elicits feelings of overwhelm and anxiety. But fear not, for today we have the wonderful Becky Eason, a financial planner with Rooted Planning Group, here to share her expertise and shed some light on the art of budgeting.

About The Guest(s):

Becky Eason is a financial planner at Rooted Planning Group. She has been with the company since 2018 and is known for her expertise in budgeting and finding deals. Becky is passionate about helping clients achieve their financial goals and make the most of their money.

Key Takeaways:

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

The Power of Intentionality

When it comes to budgeting, it's important to start with a clear goal in mind. Are you budgeting to address a cash flow deficit or simply to gain a better understanding of where your money is going? This distinction will shape your approach to budgeting.

Becky suggests starting by examining your historical spending patterns. Take a look at your bank and credit card statements from the past few months and categorize each transaction. This exercise will give you a clear picture of where your money has been going. From there, you can assign value to each category and determine if any adjustments need to be made.

"By going historical, you're not really being conscious of what you should be spending your money on. It's okay, this is what I actually am doing. And then once you build that out, then you can analyze what you've been spending and put the value to it," Becky explains.

The Importance of Setting Goals

Once you have a clear understanding of your spending habits, it's time to set goals. Becky emphasizes the importance of being intentional with your spending and aligning it with your values. If travel brings you joy, for example, you can shift your spending in other areas to create a travel budget.

By incorporating your goals into your spending plan, you can visualize how much you can allocate toward each goal. Becky recommends automating your savings for these goals, ensuring that the money is set aside and easily accessible when needed.

Strategies for Reducing Spending and Increasing Income

For those facing a cash flow deficit, reducing spending and increasing income are key strategies. Becky suggests finding a balance between saving for retirement and paying off high-interest debt. It may be necessary to scale back on retirement contributions to prioritize debt repayment.

She also advises exploring resources within your community, such as government organizations, local churches, and nonprofits, that offer workshops or counseling on financial management. These resources can provide guidance and support as you navigate your financial journey.

The Art of Finding Deals

Becky is known for her knack for finding deals and discounts. She shares some of her tips and tricks for saving money, particularly when it comes to travel. Setting price alerts on flight bookings, monitoring prices for potential adjustments, and being flexible with travel dates can all lead to significant savings.

Additionally, Becky suggests utilizing apps and working with travel agents who can help find the best deals and save you time. Travel agents often have access to exclusive discounts and can assist with price adjustments if the cost of your trip decreases after booking.

Overcoming Fear and Taking Action

Budgeting can be a daunting task, but Becky encourages individuals not to be afraid of it. She emphasizes the importance of facing your financial situation head-on and taking the necessary steps to gain control over your money.

"Don't be afraid of it. There's a lot of fear around looking at your spending, and it can be fearful and time-consuming, but the sooner you do it, the sooner you'll be able to see the results," Becky advises.

Conclusion and Future Outlook

Budgeting is a powerful tool that allows individuals to take control of their finances and work towards their goals. By being intentional with spending, setting clear goals, and exploring strategies for reducing spending and increasing income, anyone can create a solid financial plan.

As technology continues to advance, there are more resources than ever to assist individuals in their budgeting journey. From apps that track spending to online workshops and counseling services, the options are endless. The key is to find the tools and strategies that work best for you and your unique financial situation.

In conclusion, budgeting is not something to be feared or avoided. It is a valuable skill that can transform your financial future. By taking the time to evaluate your spending, set goals, and explore strategies for reducing spending and increasing income, you can create a spending plan that aligns with your values and helps you achieve your dreams. So, don't wait any longer. Start your budgeting journey today and take control of your financial destiny.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hello, everyone! Welcome to another episode of the Wine and Dime Podcast! In this episode, I have the pleasure of chatting with Kerrie Beene about a topic that sometimes gets a bad rap: asset allocation. Kerrie isn’t a fan of the term, explaining that it can be somewhat intimidating and confusing for clients. Together, we delve into the critical importance of comprehending asset allocation, especially regarding its relation to risk tolerance and investment goals. We also explore the intriguing concept of asset location and discuss the different types of accounts that you might utilize in your investment journey. Our conversation underscores the crucial need for all clients to educate themselves and seek advice from reliable, trusted sources in the investment world. Join us for a deep dive into making asset allocation and investment more accessible and understandable!

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

Quotes:

About The Guest(s):

Kerrie Beene is a financial planner with Rooted Planning Group. She has a high level of understanding of retirement and investments and is passionate about helping clients understand complex financial concepts.

A Conundrum Called Jargon

We've all been there – enveloped by the perplexing jargon of the financial world, feeling somewhat adrift in a sea of terminologies like "asset allocation." As your guide through this maze, I aim to demystify these terms, breaking them into digestible insights that won’t leave you lost in translation.

The Essence of Asset Allocation

Asset allocation isn’t just a term; it's an instrumental strategy shaping your investment portfolio, tailored meticulously according to your risk tolerance and financial goals. How do we decipher our comfort levels and preferences concerning various investment options? The episode provides a magnifying glass over the methodologies that assist in crafting a strategy sculpted to your needs.

Diversification: Your Financial Safety Net

"Diversifying" is more than a catchphrase; it's a safety net, ensuring you're not entrusting your financial future to a singular investment basket. Spreading your investments judiciously across varied asset classes, we unearth the secret to mitigating risks while simultaneously maximizing potential returns.

Exploring Beyond with Asset Location

While we dissect the realm of asset allocation, we also saunter into the domain of asset location, exploring how this extends our investment strategy beyond mere allocation, considering the type of accounts and their respective tax implications.

Your Pathway to Financial Literacy

Navigating the financial world requires a semblance of understanding of its intricate terminologies. Fear not, for embarking on this journey with us equips you with the knowledge, to decode complex jargon into straightforward, actionable insights.

Embarking on Investment Journeys with Target Date Funds

For the nascent investor, target date funds might be your starting point, offering a simplified, hands-off investment approach, progressively re-balancing itself as you inch closer to your retirement. But is it the one-stop solution?

The Impact and Future of Asset Allocation

Asset allocation isn’t merely a set-and-forget strategy; it’s a dynamic, evolving approach, requiring periodic reviews and realignment, especially as technological advancements like robo-advisors become intertwined with investment strategies.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

As the job market continues to evolve and adapt, it is essential for individuals to approach their career transitions with confidence and purpose. Whether you are seeking a new opportunity or have been displaced from your current position, understanding the recruitment process and effectively positioning yourself in the market is crucial. In this article, we will explore the insights and expertise of Sarah Connors, a seasoned recruitment professional, as she shares her knowledge on navigating the job market and finding the right fit for your career aspirations.

About The Guest(s):

Sarah Connors is the Senior VP of Planet Professional, a staffing firm based in Boston. With over 12 years of experience in recruiting, Sarah has a passion for helping individuals find their dream jobs and guiding them through the placement process. She specializes in administrative, accounting, finance, HR, and recruiting roles.

Summary:

Sarah Connors, Senior VP of Planet Professional, joins Amy Irvine, founder and CEO of Rooted Planning Group, to discuss the process of finding the right job placement. Sarah shares her background in recruiting and explains the importance of the intake call in understanding a candidate's needs and preferences. She provides tips on how to sell yourself in an interview without sounding arrogant and emphasizes the significance of researching the company before an interview. Sarah also advises individuals to regularly evaluate their happiness and career goals to ensure they are on the right path.

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

The intake call is crucial in understanding a candidate's needs and preferences.Confidence in an interview comes from listening, asking insightful questions, and showing passion for your work.Researching the company before an interview is essential to demonstrate your interest and preparedness.Regularly evaluate your happiness and career goals to ensure you are on the right path.Did you know that the average resume initially only gets a 5 - 10-secondlook, so what do you need to do to make it stand out?How to self-promote without sounding overconfident like a jerkWhen to apply for a job even when you aren’t sure you have all the qualifications

To learn more about Sarah Connors and her expertise in recruitment, you can connect with her on LinkedIn or reach out to her via email at sconnors@planet-pro.com.

Wine Recommendations: 

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting or looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Mentioned in this episode:

Summer Break

Hello, dear listeners! In this special episode of the "Wine and Dime" podcast, we are venturing into a topic that intertwines personal growth and financial wisdom - navigating the complex journey of divorce. I am thrilled to introduce you to the remarkable Paula Lesso, a seasoned divorce coach and author, who has transformed her personal experiences into a beacon of support and guidance for many women. And here's a little sprinkle of excitement - Paula has a heartwarming exclusive offer just for our listeners, which we can't wait to unveil in the episode!

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

What You Will Learn

Join us as we uncork a bottle of empathy, understanding, and financial savvy in this episode. Here are some nuggets of wisdom you can look forward to:

Wine Recommendation

Dr. Konstantin Frank Salmon Run Riesling

As we delve into this enriching conversation, let's raise a glass of the exquisite Salmon Run Riesling 2021. Best described as bright fresh fruit with dominant characters of fresh pineapple and lemon sorbet. The light sweetness is well balanced by a refreshing acidity and a soft mouth feel.

Pair with Middle Eastern, Moroccan, Thai, and Asian cuisines. Pairs well with Spicy and Aromatic Ingredients like Pepper, Ginger, Curry, Sesame, and Soy. Spicy BBQ and Wings. Pork.

Conclusion

As we wrap up this preview, I, Amy Irvine, invite you to join us in this comforting and enlightening session. Together, we'll explore the realms of personal growth and financial stability during one of life's most challenging transitions. Let's uncork both a bottle of fine wine and the wisdom Paula Lesso has to offer, fostering a community of support, understanding, and resilience.

Remember, whether you're going through a divorce or simply interested in personal finance nuances during such a transition, this episode promises a blend of heartfelt advice and financial expertise. So, grab your favorite wine glass and join us for a session that promises warmth, camaraderie, and a journey to rediscovering happiness.

Cheers to moving gracefully through life's journeys, one step (and one sip) at a time!

Find More About Our Special Guest and Today's Wine Recommendation:

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Disclaimer: The information provided in this episode is for informational purposes only and should not be considered legal or financial advice. Every individual's situation is unique, and it is recommended to consult with a qualified professional before making any decisions related to divorce or financial planning.

Welcome back Wine and Dime listeners! As the CEO and founder of Rooted Planning Group, I am fervent about assisting families in steering through the intricate world of college planning. This episode will dissect the nuances of 529 plans, a favored college savings avenue. We will scrutinize the advantages and considerations of these plans, coupled with shedding light on other savings prospects and strategies. So, pour yourself a glass of wine and accompany me as we venture into college planning, equipped with the finest insights and a splash of exquisite wine.

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for complete show notes and links!

Key Takeaways:

Exploring the East Side of Seneca Lake

Before we immerse ourselves in the complexities of 529 plans, I wish to impart some reflections on the wines I am venturing into this autumn. As the fall season graces upstate New York, I am eager to traverse the east side of Seneca Lake. A vineyard that has piqued my interest is Caywood Vineyards. Nestled near the Finger Lakes National Forest, Caywood Vineyards boasts a tasting room adorned with handcrafted redwood and oak, complemented by a three-story fireplace. It seems to be the quintessential locale to bask in the fall atmosphere. Caywood Vineyards, a subsidiary of the Pleasant Valley Wine Company family based in Hammondsport. If you happen to be in the vicinity, I strongly advocate for a visit to appreciate the scenery and ambiance. Learn more about them here and discover the best wine trails around Seneca Lake here.

Understanding 529 Plans

Transitioning our attention to the focal point of this article - 529 plans. These plans serve as a vital instrument for college savings, yet it's imperative to avoid overfunding them. Contributions to 529 plans are facilitated with after-tax dollars and flourish tax-free. Withdrawals utilized for qualified education expenses are also exempt from tax. In certain states, like New York, tax deductions or credits are accessible for contributions to 529 plans. A notable merit of 529 plans is their negligible effect on financial aid eligibility, being categorized as a parental asset. In instances where the 529 plan is held by someone other than the parents or student, it might be excluded entirely.

Strategizing Contributions and Gift Tax Exclusion

When orchestrating contributions to 529 plans, awareness of the gift tax exclusion is vital. For 2023, the gift tax exclusion stands at $17,000, allowing anyone to bestow a gift up to this amount per annum to your child without triggering gift tax repercussions. Furthermore, direct tuition payments to colleges are unrestricted and can diminish taxable estates. Strategic planning of your contributions to 529 plans is essential, taking into account other savings avenues. Prioritizing retirement savings is prudent, as borrowing for retirement is not an option. A diversified investment approach, encompassing both 529 plans and conventional brokerage accounts, can facilitate a balanced strategy for college planning.

The True Cost of College

In the realm of college planning, recognizing that the advertised tuition rate may not be the final figure is crucial. A substantial number of students, even those hailing from families with incomes surpassing $200,000, do not bear the full price. A majority of colleges propose monthly payment schemes to assist families in managing education costs. Tailoring a 529 plan to your unique circumstances and seeking professional advice is vital. Early engagement with college financial aid offices can unveil valuable insights and aid in steering financial aid choices. Additionally, it's noteworthy that supplementary funds might become accessible later in the process, and alumni could offer scholarships for their offspring. Being vigilant of the concealed costs of college, which can accumulate, is essential.

Exploring Different Types of 529 Plans

In the context of 529 plans, distinguishing between the various types available is crucial. The primary categories are savings plans and prepaid plans. Savings plans operate akin to other investments, fostering the growth of your savings over time. Conversely, prepaid plans permit you to secure current tuition rates. Private savings plans are crafted specifically for private colleges, while state plans offer prepaid options as well. Adapting your strategy to your circumstances and evaluating all potential options, including brokerage accounts, is vital when saving for college.

Understanding the Cost of Prepaid Plans

The pricing of prepaid plans fluctuates based on elements such as your child's age and the duration of your savings period. Unit plans, for instance, enable the purchase of fractional units redeemable in the future. A thorough analysis of all options, weighing the pros and cons, including potential returns and investment flexibility, is essential. While 529 plans present tax benefits and serve as a potent tool for college planning, exploring other savings prospects and investment avenues to ensure a comprehensive approach is crucial.

Conclusion and Future Outlook

To conclude, 529 plans stand as a potent tool in college planning, offering tax benefits and adaptability. However, approaching them with a discerning eye and not relying on them as the sole college savings mechanism is vital. By diversifying your investments and exploring other savings prospects, like regular brokerage accounts, you can craft a holistic strategy for financing your child's education. Engaging early with the college financial aid office and investigating all scholarship and financial aid opportunities is also key. As college costs escalate, staying abreast of developments and modifying your college planning strategy is essential.

Looking ahead, the dynamics of college planning are set to evolve continually. Keeping pace with regulatory changes and uncovering new avenues for education funding is vital. By adopting a proactive stance and seeking expert guidance, you can navigate the intricacies of college planning, securing a promising future for your child. Here's to a triumphant journey in college planning!

Thank you for joining us on Wine and Dime. If this podcast resonated with you, we encourage you to share it with your friends and family. We'd appreciate your support in rating us on iTunes to help others discover us. A heartfelt thank you to TJ Meehan at Meehan Media for his expertise in production. Until next time, cheers!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back, Wine and Dime listeners! In this four-part series on college planning, we have been discussing the major changes coming to the Free Application for Federal Student Aid (FAFSA). In part one, we explored college savings options, and in part two, we delved into ten changes to the FAFSA. Today, in part three, we will continue our discussion on the FAFSA changes, focusing on income and other factors that will impact students and their families.

But before we dive into the details, let's take a moment to appreciate the beauty of the upcoming fall season in upstate New York. As the fall colors start to grace our surroundings, I am reminded of the stunning landscapes in the Adirondacks. However, it's important to remember that we live in an equally beautiful area. So, why not act like a tourist in our own backyard? I am excited to explore the east side of Seneca Lake and visit Silver Thread Winery. If you have any recommendations or information about this winery, please let me know. Now, let's shift our focus to the changes in the FAFSA process.

Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

The Income Protection Allowance will increase by about 20% for parents and 35% for dependent students.The allowance for state taxes is going away, resulting in an increase in overall income.The Employment Expense Allowance is being adjusted to allow married couples with only one working spouse to qualify.Students who can't provide their parents' financial information can now file as a provincial independent student.Reporting for two household families will require information on both parents and spouses who provide the majority of the student's financial support.

Key Changes

Timeline and Effects

Winery Recommendation

Host Amy Irvine recommends visiting Silver Thread Vineyard on the east side of Seneca Lake in the Finger Lakes region.

Founded in 1982, Silver Thread is an owner-operated, boutique winery known for sustainably-grown estate wines. Acclaimed winemaker Paul Brock and wine educator Shannon Brock took the helm in 2011 and practice a holistic, regenerative style of farming called biointensive viticulture. The winery generates 100% of its energy needs from a 28kw solar array located on-site.

Silver Thread produces about 3,000 cases annually of premium vinifera wines like Riesling, Chardonnay, Cabernet Franc, and Lemberger. Wines are available in their relaxed tasting room, through the wine club, via mail order, and in select stores and restaurants.

The winery is tucked away off the main wine trail, overlooking Seneca Lake. Wine lovers will enjoy discovering this hidden gem and sampling outstanding, terroir-driven wines that capture the essence of the Finger Lakes.

Silver Thread is still being written - the team is constantly learning, improving their sustainable practices, and applying new knowledge. Thanks for joining their journey!

Conclusion and Future Outlook

In conclusion, the changes to the FAFSA process under the FAFSA Simplification Act will have a significant impact on students and families. While some changes, such as the increase in the Income Protection Allowance, provide relief, others, like the reporting requirements for two-household families, pose challenges. The expansion of the professional judgment process and the eligibility of incarcerated students for Pell Grants aim to provide more equitable opportunities for students. However, the delayed availability of the FAFSA this year may create additional stress and time constraints for families.

As we move forward, it is crucial for families to stay informed and prepared. Utilizing available resources, attending informational sessions, and staying updated on deadlines will help navigate the changing landscape of college planning. While the FAFSA changes may present initial difficulties, they also offer an opportunity for families to gain a clearer understanding of the true cost of education and explore available financial aid options.

Thank you for joining me on this journey through the changes in the FAFSA process. I hope this comprehensive guide has provided valuable insights and guidance. If you found this information helpful, please share it with your friends and family. Your support and feedback are greatly appreciated. Cheers to a successful college planning journey!

Helpful Links:

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back to another episode of Wine and Dine! In today's discussion, we will be diving into the changes in the Free Application for Federal Student Aid (FAFSA). As a financial planner, it is my goal to provide you with valuable information that can help you navigate the complexities of college planning. So grab a glass of wine, sit back, and let's explore the recent updates to the FAFSA.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Introduction

The FAFSA is a crucial tool for families seeking financial aid for college education. It helps determine the expected family contribution (EFC) and the amount of financial aid a student may be eligible for. In this episode, we will be focusing on the changes in the FAFSA, including the transition from EFC to the student aid index, the shorter FAFSA form, and the impact on small businesses and farms. We will also discuss the expansion of the Pell Grant and the changes in reporting assets and income. So let's dive right in!

Key Takeaways:

The FAFSA is transitioning from the expected family contribution to the student aid index.The FAFSA form is getting shorter, reducing the number of questions.Small business and farm owners will now have to report the value of their businesses on the FAFSA.The student aid index can be below zero, allowing for more financial aid for needy students.The Pell Grant formula is linked to family size and the federal poverty level, providing additional funding opportunities.Families with an AGI up to $60,000 will not be required to report assets on the FAFSA.Contributions to pre-tax retirement plans will no longer be added back to AGI for FAFSA calculations.Child support received will no longer be added to income, but the amount will be added to non-retirement assets.Financial help from family members or friends will no longer be considered untaxed income for students.Funds used from a grandparent-owned 529 plan will not be considered untaxed income for students.

Adirondack Winery

Adirondack Winery, nestled in the scenic beauty of Lake George and the Adirondacks, is a testament to the passionate pursuit of Mike & Sasha Pardy. Starting as a micro-winery in 2008, their dedication has transformed it into a renowned establishment with a state-of-the-art $2.6 million Tasting Room and Winemaking Facility in Queensbury. Throughout the years, they've seamlessly combined traditional wine-making with innovative techniques, resulting in award-winning wines that showcase the region's charm. With a history rich in family, innovation, and a dedication to excellence, Adirondack Winery invites you to be a part of their wine journey. Discover more and plan your visit at https://www.adirondackwinery.com/

Conclusion and Future Outlook

In conclusion, the changes in the FAFSA aim to simplify the application process and provide more accurate financial aid assessments. While some changes may pose challenges for families, such as the inclusion of small businesses and farms in the formula, there are also opportunities for families to strategically manage their assets and increase their eligibility for financial aid.

As the FAFSA continues to evolve, it is essential for families to stay informed and seek professional guidance to navigate the complexities of college planning. By understanding the changes in the FAFSA and exploring the planning opportunities they present, families can make informed decisions and ensure a smoother path to funding their children's education.

Remember, college planning is a journey, and with the right knowledge and resources, you can navigate the financial vineyard and craft a delicious life for yourself and your loved ones. Cheers to a fruitful future!

Links for more information:

The FAFSA Simplification Act - Upcoming FAFSA Changes - College Aid Pro - B2C

A New FAFSA Form Is Coming, Along With Changes in College Aid - The New York Times (nytimes.com)

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to Wine and Dime, where we explore the intersection of wine and finances. In this series on college planning fundamentals, we will delve into the terminology and strategies that can help you navigate the complex world of college planning. Just like a fine wine, college planning requires careful consideration and aging to achieve the desired outcome. So, grab a glass of your favorite vintage and join me on this journey of financial education.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

Define your college funding goals and prioritize them based on timing and resources.Fill out the FAFSA form even if you don't think you qualify for financial aid.Need blind colleges consider a student's ability to pay tuition cost in the admissions decision.Merit scholarships are based on a student's merit and do not need to be repaid.Parent PLUS loans can bridge the gap between need-based aid and family resources.

Quotes:

Exploring the Vineyards of Shaw Vineyard

Before we dive into the intricacies of college planning, let's take a moment to appreciate the beauty of the vineyards. Shaw Vineyard, located on Seneca Lake, is known for its dedication to aging their wines. Their reds spend five or more years in the cellar before they are bottled, resulting in a rich and flavorful experience. They also offer a unique blend called the Cuca Hill Reserve, which combines Merlot, Cabernet Sauvignon, and Cabernet Franc. I am eager to explore this winery and discover the nuances of their wines. If you have had the pleasure of trying Shaw Vineyard's wines, I would love to hear about your experience. And if you find yourself in the Finger Lakes area, I encourage you to visit and embark on your own wine adventure.

The Five Essential Steps of College Planning

Now, let's shift our focus to the topic at hand: college planning fundamentals. It is important to approach college planning with a clear understanding of your goals and priorities. Defining your goals involves determining how much responsibility you and your child will have in funding their education, as well as considering other financial goals that may require attention. It is crucial to establish a timeline for each goal and anticipate any potential detours along the way. By mapping out your college planning journey, you can create a comprehensive and adaptable plan that aligns with your family's unique circumstances.

The Power of Savings: Understanding 529 Plans

When it comes to saving for college, 529 plans are a popular choice. These education savings plans offer tax advantages and can be customized to suit your needs. There are different types of 529 plans, including savings plans, prepaid plans, and private plans. A savings plan allows you to invest money that will grow over time, while a prepaid plan involves prepaying the cost of education within your state's system. Private plans, on the other hand, provide the flexibility to save for private school education. It is important to consider your family's situation and consult with a financial planner to determine the best approach for your college savings.

Navigating the FAFSA: Your Gateway to Financial Aid

The Free Application for Federal Student Aid (FAFSA) is a crucial step in accessing financial aid for college. Regardless of your financial situation, it is essential to complete the FAFSA to determine your eligibility for various forms of aid. Filling out the FAFSA opens the door to institutional aid, academic scholarships, and federal loans. It is important to note that the FAFSA includes the student's name and may require reporting of the parents' assets, excluding retirement assets, the value of the home, and life insurance. However, some colleges may require additional information through the CSS profile, including the cash value of life insurance. To ensure a smooth FAFSA process, consider working with a financial planner who can guide you through the application.

Need-Based Aid vs. Merit Scholarships: Understanding the Difference

Financial aid can come in various forms, including need-based aid and merit scholarships. Need-based aid is determined by the academic institution and is based on the student's financial need. It may include loans, tuition reductions, or work-study opportunities. Merit scholarships, on the other hand, are awarded by colleges based on the student's academic achievements and do not need to be repaid. It is important to explore both need-based aid and merit scholarships to maximize your financial resources for college.

Federal Student Loans: A Tool for Financing Education

Federal student loans can be a valuable tool for financing education. Undergraduate students can borrow a maximum amount each year, depending on their dependency status and whether they qualify for subsidized or unsubsidized loans. Subsidized loans are based on financial need and do not accrue interest until after graduation, while unsubsidized loans accrue interest from the day they are dispersed. Parent PLUS loans are another option for closing the gap between financial aid and tuition costs. It is important to understand the terms and conditions of federal student loans and consider them as part of your overall college financing strategy.

The FAFSA Simplification Act: Changes on the Horizon

The FAFSA Simplification Act, set to take effect in 2024, will bring significant changes to the college financial aid landscape. These changes aim to simplify the FAFSA process and provide more transparency in determining financial aid eligibility. It is crucial to stay informed about these changes and their potential impact on your college planning. In our next episode, we will delve deeper into the FAFSA Simplification Act and explore its implications for families navigating the college planning journey.

Conclusion: Nurturing the Vines of Financial Success

College planning is a complex and multifaceted process that requires careful consideration and strategic decision-making. By defining your goals, exploring savings options, understanding the FAFSA, and navigating financial aid opportunities, you can set the stage for a successful college experience. Remember, college planning should be customized to your family's unique circumstances, and seeking guidance from a financial planner can provide invaluable support along the way. So, raise a glass to the journey ahead and toast to the fruitful vines of financial success.

Thank you for joining me on this exploration of college planning fundamentals. I hope you found this episode informative and insightful. If you have any questions or would like further guidance on college planning, please reach out to us at Rooted Planning Group. Cheers to a bright future!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Special Needs Trusts: A Guide to Protecting Your Loved Ones

Welcome back to another estate planning edition of Wine and Dime. In this episode, we will be delving into the topic of special needs trusts. As the CEO and founder of Rooted Planning Group, I have had the privilege of gaining valuable insights from the Encore Estate's Team, who have provided me with guidance and educational language on this subject. Before we dive in, I would also like to highlight a winery that I recently visited, Kemmeter, located in the Finger Lakes area of New York. Their unique approach to winemaking, influenced by music, has brought a fresh perspective to the industry. But now, let's turn our attention to the important matter at hand - special needs trusts.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways

Here's a brief summary of the episode for all you time-pressed listeners who want your information as crisp and light as a glass of Pinot Grigio:

Unveiling the Special Needs Trusts

In this episode, we delve into what a Special Needs Trust is all about. This is a financial safety net designed to ensure that beneficiaries continue receiving needs-based government benefits, like Medicaid and Supplemental Security Income (SSI), even after they inherit assets. It's a supplement, not a replacement. Think of it like adding that perfect splash of creamer to your morning coffee – it doesn't replace the coffee, just enhances it.

Maintaining Control with Special Needs Trusts

One of the unique aspects of a Special Needs Trust is that the assets never directly belong to the beneficiary. This means they can inherit assets and still maintain their benefits. Also, a Special Needs Trust allows me as a client to appoint a trusted individual or professional fiduciary to manage the funds for the beneficiary's benefit. It's all about preserving control and ensuring the beneficiary's financial safety.

When Do You Need a Special Needs Trust?

In this episode, I highlight various circumstances that might require a Special Needs Trust. From caring for a sibling who can't make independent financial decisions to securing a future for a child with a learning disability, the scenarios are as varied as the wine varietals in Napa Valley. However, it's crucial to remember that a Special Needs Trust isn't a one-size-fits-all solution. Always make sure to consult with a qualified attorney or legal counsel to tailor the trust to your specific needs.

My Wine Recommendation

Now, what would an episode of "Wine and Dime" be without a wine recommendation? This time, I'm suggesting a Riesling from Kemmeter in the Finger Lakes area of New York. It's a wine that harmonizes just right with our discussion on Special Needs Trusts, delivering both sweetness and depth. Here's to savoring every note!

I hope you find this episode as enlightening as I found it enjoyable to create. And don't forget to rate us on iTunes and share your thoughts. Your feedback is the secret ingredient to making this podcast better and better. Until next time, here's to responsible drinking and even more responsible financial planning!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hello, Wine and Dime listeners! Thank you once again for joining the show. Today, we are diving into a topic that is often overlooked but incredibly important in estate planning: The Five Wishes. This document, created by the organization Five Wishes, is the first living will that addresses not only your medical wishes but also your personal, emotional, and spiritual needs. It allows you to choose the person who will make healthcare decisions for you if you are unable to do so yourself.

Key Takeaways:

The Five Wishes is a comprehensive living will that addresses personal, emotional, and spiritual needs, in addition to medical wishes.The document allows individuals to choose a healthcare decision-maker and specify their medical treatment preferences.It covers how individuals want to be treated, what they want loved ones to know about them, and their funeral wishes.Distribute copies of the Five Wishes to relevant parties and keep the original in a safe place at home.Aging with dignity involves ensuring that family members are aware of an individual's final wishes.

Before we delve into the details of The Five Wishes, let's take a moment to talk about something a little lighter. In our previous episodes, we featured a winery called Billsboro on Seneca Lake. If you ever find yourself in the Finger Lakes area of New York, I highly recommend visiting Billsboro. Their wines are delightful, and the setting in their beautiful old barn is truly picturesque. One wine that stood out to me was their 2022 Sarah, which will be released soon. It's a light and rich-flavored wine that I believe many wine enthusiasts will enjoy.

Now, let's get back to the topic at hand: The Five Wishes. This document is a comprehensive living will that covers various aspects of your healthcare and end-of-life wishes. It was created with the help of the American Bar Association Commission on Law and Aging and is available in 29 languages.

The Five Wishes addresses five key areas:

1. Choosing a Healthcare Decision-Maker

The first wish allows you to designate the person you want to make healthcare decisions for you if you are unable to do so yourself. This person, known as your healthcare proxy or agent, will have the authority to make medical decisions on your behalf. It's crucial to choose someone you trust and who understands your values and wishes.

2. Defining Your Medical Treatment Preferences

The second wish focuses on your preferences for medical treatment. It allows you to specify the kind of medical treatment you want or don't want in various scenarios. You can outline your preferences for pain management, comfort, and life-supporting treatments. The document provides options for you to be as specific as you'd like, ensuring that your wishes are known and respected.

3. Ensuring Comfort and Dignity

The third wish centers around your desire for comfort and dignity. You can express how you want to be cared for, including specific requests such as having pictures of loved ones in your room, being treated with kindness and cheerfulness, or even being called by a particular name or nickname. This wish allows you to define how you want people to treat you during your healthcare journey.

4. Communicating Your Personal Wishes

The fourth wish is an opportunity for you to communicate your personal wishes to your loved ones. You can express forgiveness, love, and any other sentiments you want your family and friends to know. Additionally, you can outline your preferences for your body after death, such as burial, cremation, or donation. This wish ensures that your loved ones have a clear understanding of your final wishes.

5. Funeral and Memorial Service Preferences

The fifth and final wish covers your preferences for funeral and memorial services. You can specify whether you want a burial or cremation, provide details about your desired memorial service, and even mention how you want to be remembered. This wish allows you to leave a lasting impression and ensure that your funeral arrangements align with your wishes.

The Five Wishes document is easy to use, with checkboxes, circles, and spaces for you to fill in your specific preferences. Once you sign the document, it becomes legally binding and supersedes any previous living will or durable power of attorney for healthcare that you may have had. It's important to distribute copies of the document to your healthcare proxy, family members, doctors, and anyone else involved in your care.

By completing The Five Wishes, you can age with dignity and have peace of mind knowing that your wishes will be respected. It also relieves your loved ones of the burden of making difficult decisions without knowing your preferences.

In conclusion, estate planning is not just about financial matters; it also involves making decisions about your healthcare and end-of-life wishes. The Five Wishes provides a comprehensive framework for addressing these important aspects of your life. By utilizing this document, you can ensure that your wishes are known and respected, and you can spare your loved ones from unnecessary stress and conflict during difficult times.

I encourage you to visit the Five Wishes website or reach out to us at info@rootedpg.com to obtain a copy of this invaluable document. Take the time to complete The Five Wishes and have open conversations with your loved ones about your wishes. It may not be the most enjoyable topic to discuss, but it is an essential part of planning for the future. Remember, aging with dignity is a gift we can give ourselves and our loved ones.

Thank you for joining us on this episode of Wine and Dime. If you found this information valuable, please share it with your friends and leave us a review on iTunes. Your support helps us reach more people like you who can benefit from our financial insights. Stay tuned for our next episode, where we will be discussing special needs trusts. Cheers to a well-planned future!

Hey there, wine enthusiasts and financial aficionados! In this episode of "Wine and Dime," I'm thrilled to uncork the complex topic of Power of Attorney in Estate Planning. We'll pour out the details, swirl them around, and give you a taste of why this legal document is a crucial part of your financial vineyard. So, grab your favorite glass, sit back, and let's dive into the world of Power of Attorney, one sip at a time.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Takeaways:

A Journey to Billsboro Winery

I kicked off the episode with a delightful recount of my visit to Billsboro Winery. Nestled on the shores of Seneca Lake, this winery is a must-visit for all wine lovers. My recommendation? The Alberino - a refreshing white grape wine that's perfect for summer. So, whether you're a local or a visitor, make sure to add Billsboro Winery to your itinerary.

Decoding Power of Attorney

Next, I uncorked the main topic of the episode: Power of Attorney. I explained the two types of Power of Attorney - financial and healthcare - and the difference between durable and non-durable. I emphasized the importance of appointing a trustworthy agent and having a successor in place. Remember, this isn't legal advice, but a guide to help you understand the terminology and its relevance to your life.

Pitfalls to Avoid

I also highlighted some common pitfalls to avoid when dealing with Power of Attorney. From appointing the wrong agent to not having access to the physical document, I outlined potential issues that could leave a sour taste in your financial planning.

Recommended Wine

To pair with this episode's theme, I recommend the Alberino from Billsboro Winery. Much like a Power of Attorney, this wine is there for you when you need it most, providing a refreshing, reliable taste that you can count on. So, as you navigate the complexities of estate planning, take a moment to savor Alberino's crisp, light flavors. After all, who said legal discussions couldn't be paired with a delightful wine?

That's it for this episode of "Wine and Dime." Stay tuned for our next episode, where we'll delve deeper into your final wishes. Until then, keep sipping, keep learning, and remember - life, like wine, should be savored, not judged. Cheers!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to another illuminating episode of Wine and Dime, where we explore and demystify financial landscapes while celebrating life's finer things. This week's episode is packed with insightful discussions, unraveling the latest updates on student loan repayments following a recent Supreme Court ruling.

Hosted by Amy Irvine, CEO and Owner of Rooted Planning Group, this episode will guide you through this complex situation, equipping you with knowledge to navigate the shifting sands of student loans in the United States.

Wine or Winery Recommendation

Let's kick off this episode with a wine recommendation. This week, we introduce you to Billsboro Winery located on the picturesque Seneca Lake. Offering a unique mix of European style wines, Billsboro specializes in blended wines and a delightful summer Rosé.

Indulge in their flavorful Cabsellagnon and Sarah blends, or savor their diverse and vibrant Rosé. Besides the wines, you can delight in their specially curated charcuterie board. The winery also offers a delectable chocolate pairing for those with a sweet tooth. To learn more about their offerings or plan your visit, head over to Billsborowinery.com.

Remember:

Main Discussion: Current State of Student Loans and the Supreme Court Decision

In the wake of the COVID-19 pandemic, federal student loans were temporarily paused. However, a recent Supreme Court decision has stirred the waters. This ruling blocks the Biden administration's efforts to cancel up to $20,000 in federal student loans.

Key Highlights:

Amy goes on to delve into specific repayment plans like IBR (Income Based Repayment) and ICR (Income Contingent Repayment). She also shares valuable tips for managing and planning for your student loan repayment.

Closing Remarks

The world of student loans can be confusing and daunting. Stay tuned with Wine and Dime for more updates, especially with the unveiling of the new SAVE plan that offers several benefits to student loan borrowers.

In the meantime, do start budgeting for your repayments and explore organizations like Tisla, which provide free and fair student loan advice.

Key Takeaways

Recommended Wine

Billsboro Winery

Located on Seneca Lake, Billsboro Winery produces elegant wines to suit various occasions. Their unique blends, like Cabsellagnon and Sarah, offer a rich and full-bodied flavor profile. Their summer Rosé is a refreshing treat. Visit their website or make a reservation to experience their exceptional wine tasting experience.

Website: Billsboro Winery

Ensure to tune in next time for another exciting episode of Wine and Dime, where we make financial education as enjoyable as a glass of your favorite wine!

Welcome back to Wine and Dime, where we delve into the rich nuances of financial planning, just as one might explore the complexities of a fine wine. In this episode, Amy Irvine, CEO and Founder of Rooted Planning Group, uncorks the topic of healthcare proxies in estate planning.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

What You'll Learn

Wine Tour Recommendation

Rooted Vine Wine Tours | Santa Barbara Wine Tours & Tastings (rootedvinetours.com)

In keeping with the tradition of discovering wineries with a rooted theme, Amy brings to our attention the Rooted Vine Wine Tours based out of Santa Barbara. It's not a winery in itself but offers an exciting opportunity to explore various wineries in the region.

Whether you're a novice enthusiast or a seasoned connoisseur, Rooted Vine Wine Tours promises a delightful expedition through some of the finest vineyards Santa Barbara has to offer. Ideal for those planning a visit to the area or looking for a unique wine adventure.

Remember, like our financial journey, wine tasting is not just about the destination but the journey itself. You may just find your new favorite vine on the Rooted Vine Wine Tour!

Check out their website for more details and plan your wine tour extravaganza.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hey there Wine and Dime listener!

Are you ready to dive into the world of estate planning with me? In this episode, we're going to talk about trusts - and trust me, it's not as complicated as you might think!

First, I'll give you an overview of the different types of trusts, including testamentary trusts, living trusts, and irrevocable trusts. We'll also dive into specific types of irrevocable trusts, like irrevocable life insurance trusts and charitable remainder trusts. Don't worry, I'll make sure you understand all the parties involved in a trust, including the grantor, beneficiary, and trustee.

One thing that I find super important is having a pour-over provision will to account for any assets accidentally left out of the trust. As a trustee, it's crucial to know about this provision and how it works - trust me on this one!

There are so many reasons for forming a trust, like blended households, clear asset distribution, privacy of asset distribution, and asset protection. And if you want to learn more, you can always check out the resources on the Rooted Planning Group website.

As always, don't forget to rate and subscribe to the show. And a big shoutout to T.J. Meehan, who helps with production. If you have any questions or want to learn more, you can contact me through the Rooted Planning Group website or follow us on social media.

In my opinion, estate planning is not just for the wealthy. It's for anyone who wants to make sure their assets are distributed according to their wishes. So, let's get started on securing our future by playing this episode now.

What You'll Learn:

The types and purpose of various trusts, including Testamentary Trusts, Living Trusts, and Irrevocable Trusts.The parties involved in a trust: The Grantor, The Beneficiary, and The Trustee.The role of an executor in the trust process.The various scenarios where forming a trust could be beneficial.The nuances of estate planning with blended families.

Summary of Discussion:

In this fruitful discussion, Amy Irvine, founder of Rooted Planning Group, takes a deep dive into estate planning with a focus on trusts. Trusts are vital tools in estate planning that ensure your assets are handled according to your wishes. The episode uncovers the different types of trusts, including Testamentary, Living, and Irrevocable Trusts, each serving unique purposes.

Amy also explains the roles of the three key players in a trust: The Grantor (who creates and funds the trust), the Beneficiary (who ultimately receives the proceeds from the trust), and the Trustee (who has a fiduciary responsibility to manage the trust).

Amy touches on the vital role of an executor who works closely with the trustee to ensure a smooth asset transfer. This episode also explores situations where forming a trust could be particularly beneficial, including blended households, probate reduction, privacy of asset distribution, and asset protection.

Winery Recommendation:

Get your corkscrews ready because this episode's wine recommendation is Bricoleur Vineyards, a French winery in beautiful Sonoma County. While Amy hasn't tasted their wines yet, she was drawn to their theme of "roots," which resonates with the spirit of the Rooted Planning Group. They have a strong focus on their vineyard's roots, reminding us of the deep-seated connections between life, finances, and good wine.

Wrapping Up:

This episode is a must-listen for anyone looking to take a deeper understanding of trusts and estate planning. As always, Amy encourages listeners to refer to additional resources available on rootedpg.com. Don't forget to share this episode with friends, rate it on iTunes, and prepare for the next episode. Now, raise a glass to smart financial planning and exceptional wine!

Remember, this is not legal advice. If you're looking for legal advice on estate planning, please consult an estate planning attorney or an elder law attorney who specializes in this topic.

FAQ

Q1. What is estate planning?

Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. Learn more about it in Episode 1 of our series.

Q2. What is a Trust in estate planning?

A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.

Q3. What types of Trusts are there?

There are several types of trusts including testamentary trusts, living (or revocable) trusts, and irrevocable trusts. Each has unique features and benefits. You can listen to Amy's deep dive into each one in this episode.

Q4. What are the roles involved in a Trust?

There are three main roles involved in a trust: The grantor (who creates and funds the trust), the beneficiary (who receives proceeds from the trust), and the trustee (who has a fiduciary responsibility to follow the trust language and act in the best interest of both the grantor and beneficiary).

Q5. Why would I want a Trust in my estate plan?

Trusts are often used in estate planning to achieve a variety of objectives including privacy of asset distribution, potential reduction of probate, and protection of assets, especially in cases of blended families.

Q6. Can I change the terms of my Trust?

It depends on the type of trust. Revocable (or living) trusts can be altered or even revoked entirely by the grantor, while irrevocable trusts, once established, cannot be changed.

Q7. What is an ILIT and how does it work?

An Irrevocable Life Insurance Trust (ILIT) is a trust that is set up to own a life insurance policy. This can be a beneficial strategy for reducing estate taxes. Find more information here.

Q8. What's a Charitable Remainder Trust?

A Charitable Remainder Trust is an irrevocable trust that generates a potential income stream for you, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities. Find more information here.

Q9. What are the resources for more information?

You can find further resources and information on our website.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hey there, folks! I'm excited to share with you this episode of Wine and Dime, where I talk about the significance of estate planning. Trust me, it's a topic that you don't want to miss out on!

During this episode, I stress the importance of reviewing beneficiaries annually and provide some helpful tips, such as creating a spreadsheet or list of all accounts with named beneficiaries. I also explain the probate process and how it varies by state.

Furthermore, I dive into the importance of having a will and how creating an estate plan that includes a trust can protect financial details from becoming part of a public record. Trust me, it's a game-changer!

If you're feeling overwhelmed by the idea of estate planning, don't worry! I recommend consulting with an attorney or financial planner for complicated situations. It's always better to be safe than sorry when it comes to your finances.

So, grab a glass of your favorite wine, and tune in to this episode. You won't regret it!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Topics Covered:

Probate and its process:

Role of an Executor:

Probate without a Will (Intestacy):

Avoiding Probate:

Wine Recommendation - Rooted Souls Winery

WHERE IT ALL STARTED…, RED MOUNTAIN

The idea of Rooted Souls Winery started when Steve’s passion for wine took off after a wine-tasting trip to Red Mountain AVA in Benton City, WA. He followed his passion and studied enology at Washington State University in eastern WA, making his first vintage in 2016. After a successful barrel of Merlot, the business officially started in 2018. Hustling at farmers markets and selling wine to local restaurants eventually led to finding Woodin Creek’s Wine Alley where the first tasting room was opened in July 2021.

FROM TERROIR TO BOTTLE

The “Rooted Souls” name stems from the desire to highlight WA state terroir and to create unique wines that can properly highlight such terroir. “Rooted Souls” also goes beyond just terroir as it is an extension of Steve and his wife Erica’s artistic vision to create a wine that truly expresses liquid art.

FOR LOVE

Rooted Souls Winery is a labor of love by Steve, Erica, and their fabulous tasting room associate Hannah. We hope that our wines, and the environment we create within our tasting room and beyond provide you a sense of love.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hey there! Welcome to this episode of Wine and Dime, where I am going to introduce you to a new series on estate planning. Trust me, it's going to be a blast!

So, let's dive right in! Estate planning is an important process that involves making some major decisions. And, if you're wondering why you need an estate plan, let me tell you, there are three basic reasons - privacy, protection of loved ones, and peace of mind.

Now, let's talk about the five components of estate planning. First up, we have a will, which is a legal document that outlines your wishes for your assets after you pass away. Then, we have a healthcare proxy, which is a document that designates someone to make medical decisions for you if you're unable to do so. Next, we have a HIPAA release, which allows your designated person to access your medical records. After that, we have a power of attorney, which gives someone the authority to make financial decisions on your behalf. And last but not least, we have naming guardians for any minor children.

It's important to do an annual review of your estate planning documents and pick primary and contingent guardians. Trust me, it's better to be safe than sorry. So, let's get started on this exciting journey of estate planning together!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Shout Out to the Winery of the Week

Living Roots

Estate Planning Explained

Why is Estate Planning Necessary?

Amy discusses three reasons why estate planning is crucial:

Key Components of an Estate Plan

Wills vs Trusts

Remember to review your estate plan regularly and ensure that your designated executors, proxies, and guardians are aware of their responsibilities.

Stay tuned for our upcoming episodes, where we'll delve deeper into different types of trusts, beneficiary designations, and end-of-life decisions. Don't forget to check the show notes for a checklist on estate planning!

Please note that the information provided in this episode is meant for educational purposes only. Consult with your legal advisor for advice pertaining to your specific situation.

Next Time on Wine and Dime

Join us as we continue our journey into the world of estate planning. We'll unpack the intricacies of trusts, highlight key aspects of beneficiary designations, and much more. Don't miss it!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to another episode of our podcast, where we believe in blending financial acuity with the art of living well. Today, we're tackling a topic that can seem as complex and intimidating as a sommelier's wine list—the Debt Ceiling. In this session, our very own Amy Irvine, CEO and Founder of Rooted Planning Group, takes us on a guided tour of the fiscal landscape.

We'll be getting to grips with the intricacies of the Debt Ceiling, its importance in the U.S. economic system, and its potential implications on personal finance. Just as every grape variety has its own unique character, every financial concept has nuances that can profoundly impact your financial health. We'll distill these complex matters down into palatable, easy-to-understand bites.

And, speaking of bites, we won't be leaving you parched. Amy will be sharing her recent wine adventure as she takes us to the Walla Walla Valley in Washington State, promising us some delightful deep reds that are as surprising and fascinating as our topic of discussion. So, pour yourself a glass and get comfortable as we uncork the mysteries of the Debt Ceiling in this episode.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Key Discussion Points:

What is the Debt Ceiling?: This episode unpacks the debt ceiling concept, which is the maximum amount of money Congress authorizes the federal government to borrow to meet its bills. It's crucial to note that these expenses are pre-approved, indicating that Congress is aware of expenses surpassing the revenue.The Global Perspective: In a world where only the US and Denmark have a fixed debt ceiling, we ponder whether this approach is antiquated. Should the discussion also revolve around changing the formula?Historical Precedents: We reflect on the four instances when the US, arguably, defaulted, and the closest we came to a default in 2011, which resulted in the loss of the AAA rating.Potential Impact of a Default: The episode then explores the sobering potential consequences if the US were to default - including substantial GDP drop, millions of job losses, and the consequent hike in borrowing costs.The 14th Amendment as a Solution? Finally, we discuss the implications of invoking the 14th Amendment to entirely remove the debt ceiling, a significant shift in our financial structure.

If you found our episode enlightening and engaging, don't hesitate to like, rate, and subscribe to Wine and Dime for more discussions that harmonize the world of wine and personal finance. Got queries or topics you want us to uncork in our future episodes? Feel free to reach out. Tune in next time for more financial insights as we continue our journey from the roots of your financial vineyard to the tips of your flourishing vines. Cheers to your financial well-being!

Wine Region Recommendation:

In true Wine and Dime fashion, we can't explore the complexities of the Debt Ceiling without a fine wine to accompany our discussion. This episode, Amy takes us on a virtual wine tour to the lesser-known but nonetheless impressive Walla Walla Valley in Washington State.

Amy's journey into this stunning viticulture region reveals a treasure trove of deep, sumptuous red wines that promise to delight your palate. The Walla Walla Valley might not be as famous as its neighbors, the Columbia Valley and Willamette Valley, but its wines have a distinctive character that's worth seeking out. With rich, full-bodied flavors that echo the valley's unique terroir, these wines are a hidden gem for wine lovers looking to broaden their tasting experiences.

You can even explore this region further by visiting wallawallawine.com, which offers a wealth of information on the area, the vineyards, and even the possibility of membership options. Next time you find yourself perusing the wine store, look out for a bottle from Walla Walla Valley and discover the delicious secrets of this underappreciated wine region. Much like understanding the nuances of personal finance, you'll find that a little exploration can lead to rich rewards.

Want to learn more:

Understanding the Debt Ceiling: Here is an accessible, easy-to-understand primer from Investopedia that explains the concept of the Debt Ceiling and its implications.The US Debt Ceiling History: This article from The Balance presents a historical overview of the U.S. Debt Ceiling, providing insight into its past increases and the reasons behind them.The US has never defaulted on its debt — except the four times it did | The HillThe Potential Impact of a Default: A report from Moody's Analytics (login required) provides data-driven predictions about the potential fallout if the U.S. were to default on its debts.Debt Ceiling and the 14th Amendment: This National Constitution Center article explores the debates around the potential application of the 14th Amendment to bypass the Debt Ceiling.Walla Walla Valley Wines: Learn more about the Walla Walla Valley and its exquisite wines on the official Walla Walla Valley Wine Alliance website.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Economics 101: Understanding Economic Terms

Get ready to dive into the world of finance like you've never done before! In this episode, our financial wizard Amy Irvine takes us on a whirlwind tour, decoding complex financial jargon and making it as easy as ABC. From short selling to capital gains, Amy breaks down intricate financial terms with her knack for making tricky concepts digestible. Ever wondered what 'market capitalization' really means? Or how about the strategy behind 'dollar cost averaging'? Well, you're in the right place.

But that's not all! Get ready to journey with Amy to the lush vineyards of Tennessee as she shares her wine region recommendation for this episode. With a glass of enchanting French Hybrid wine in hand, we promise you an enlightening experience where finance meets fun. So, buckle up for a roller coaster ride through the finance world and get ready to become the savvy investor you've always dreamed of being. Cheers to knowledge and good wine!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Market Capitalization

Dollar Cost Averaging

Liquidity

Short Selling

ETFs vs Mutual Funds

Capital Gains & Capital Gain Distributions

If there are any financial terms you've heard and want to learn more about, we encourages listeners to reach out. We are always eager to help unravel the complexities of financial terminology and make finance more accessible to everyone.

Wine Region Recommendation

In this episode, Amy invites us on a captivating journey through the flourishing vineyards of Tennessee, USA. Tennessee is making its mark in the wine world with its French Hybrid wines. These wines, bred to resist the harsh American winters and various vine diseases, provide a unique flavor profile that sets Tennessee wines apart.

From the Appalachian High Country to the banks of the Mississippi River, Tennessee's diverse landscape offers a myriad of wine experiences. The state's vineyards, characterized by their Southern charm and hospitality, provide unforgettable tastings, guided tours, and a deep immersion into the vibrant local culture. If you're a wine enthusiast, your next adventure in the heart of America should be exploring Tennessee's burgeoning wine industry!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to another exciting episode of Wine and Dime, where we blend the fascinating world of economics with the delightful flavors of wine. Today, we're diving into the intriguing depths of investor sentiment, market trends, and stock valuations, all while taking a virtual trip to the captivating wine regions of New Mexico! Sit back, pour yourself a glass of your favorite vino, and join us as we unravel the mysteries of the stock market and uncover the hidden treasures of New Mexico's rich wine heritage. Let's embark on this delectable journey together! Cheers!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

In this insightful episode of Economics 101, we dive into some key economic concepts and indicators that impact our financial lives. Here's what you'll learn:

Investor Sentiment:

Stock Market and the Economy:

Stock Market Valuations and Earnings Growth:

Moving Averages in the Stock Market:

Wine Region:

In this scrumptious episode of Wine and Dime, we're venturing off the beaten path and exploring the captivating wine region of New Mexico. Often overlooked in favor of its more famous neighbors, New Mexico boasts a rich viticultural history dating back to 1629, when Franciscan friars first planted wine grapes in the fertile soil of the Rio Grande Valley.

So, grab your wine glasses, adventurers, as we embark on a sensory journey through the enchanting landscapes of New Mexico's flourishing vineyards. From the historic Middle Rio Grande Valley to the picturesque valleys of Mimbres and Mesilla, we'll unearth the secrets of New Mexico's winemaking past and present.

Prepare to be amazed as we uncover how the local wineries have collaborated with Italian, Spanish, and French vintners to create innovative hybrid grapes that capture the essence of New Mexico's unique terroir. As you sip on your favorite beverage, imagine the sun-drenched vines, the whispers of the desert winds, and the tantalizing aromas of New Mexican wines waiting to be discovered.

Whether you're a seasoned wine connoisseur or a curious newbie, let this episode of Wine and Dime be your guide to the hidden gems of New Mexico's wine country. Who knows? You might just find your next favorite bottle or plan a trip to this enchanting region. So, let's toast to the spirit of adventure and the delightful flavors that await us in the vineyards of New Mexico. Cheers!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to another exciting episode of Wine and Dime with your host, Amy Irvine! In this episode, we'll not only dive deep into the world of economics, but also embark on a delightful exploration of the Virginia wine region. Get ready to learn about the state's rich history of wine production, the unique varietals it offers, and the beautiful landscapes where these grapes flourish. So, pour yourself a glass of your favorite Virginia wine, sit back, and join Amy as she uncorks a wealth of knowledge about both CPI and unemployment, as well as the fascinating world of Virginia's wine industry. Cheers!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Episode Summary:

In today's episode, Amy Irvine explores the connection between economic indicators like the Consumer Price Index (CPI) and unemployment, and how they influence consumer sentiment. As Amy breaks down the complexity of CPI, she highlights its various components and how they relate to inflation.

The discussion then moves on to the relationship between unemployment and inflation, with Amy explaining the significance of the U3 and U6 unemployment rates. She emphasizes the importance of monitoring these rates to understand their potential impact on the economy.

Lastly, Amy delves into the connection between consumer and investment sentiment, explaining the importance of consumer sentiment as an economic indicator. By understanding consumer sentiment, we can better grasp how it affects spending and overall GDP.

Don't miss out on this informative episode that sheds light on the complex relationships between economic indicators and consumer behavior. And if you haven't already, make sure to listen to the previous episodes in this six-part series to get a comprehensive understanding of the economy and its impact on our daily lives.

Virginia is for Wine Lovers:

In this episode, host Amy Irvine takes a detour from the economic discussion to share her passion for wine, specifically exploring the wine industry in Virginia. She reveals that wine production in the state dates back to the early days of European colonization in the 17th century. Despite the hot and humid summers that can pose a challenge to viticulture, the Virginia wine industry has grown significantly in the last 20 years.

Amy highlights that French hybrid varieties account for about 20% of the total grape production in Virginia, while American varietals make up approximately 5%. She shares the top ten varietals produced in the region, such as Chardonnay, Cabernet Franc, Merlot, and Viognier. Amy also notes that the central and northern Virginia County area, particularly just east of the Blue Ridge Mountains, is responsible for a significant portion of the state's wine production.

Amy's enthusiasm for the Virginia wine industry is evident as she expresses her desire to visit and explore the region in person, and she encourages listeners to share their recommendations for great Virginia wines that she could try and potentially feature on the show in the future.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back, Wine and Dime listeners! In this episode, we're popping open a bottle of something special as we continue our journey through Economics 101. But before we dive into the intricacies of GDP and the trade balance, let's take a moment to savor the flavors of Michigan's wine industry. Yes, you heard me right - Michigan! From Cabernet Franc to Riesling, Michigan's wineries are producing over 3 million gallons of wine each year. And with over 200 commercial wineries in the state, there's plenty to explore on our tasting tour. But don't worry, we'll make sure to keep our glasses full as we also dive into the ins and outs of GDP, consumer spending, investment, government spending, and net exports. So sit back, pour yourself a glass of your favorite vintage, and join us as we explore the fascinating world of Economics 101.

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Outline:

Wine Recommendations:

The Michigan wine scene is full of surprises, and we've got the inside scoop on some of the most interesting facts:

Whether you're a seasoned wine connoisseur or just starting to explore the world of wine, Michigan's wine scene is definitely worth a visit!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to another fun episode of Wine and Dime with Amy Irvine, where we chat about money matters while enjoying some fantastic wine. In today's episode, we'll explore the world of economic indicators, making it easy to understand for everyone. And what better way to learn than with a tasty glass of Airlie Winery's Rosé of Pinot Noir by our side? So, grab your favorite wine glass and join us as we dive into the world of finance with a touch of Oregon's finest wine. Get ready to learn, laugh, and sip with us. Cheers!

What You Will Learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Understanding Economic Indicators:

The importance of LEIs and how they help predict a recessionAverage weekly hours in manufacturing

Institute for Supply Management (ISM) activity growth manufacturing index: composite of new orders, production, employment, supplier deliveries, and inventories

Wine Recommendation Highlight:

Sipping on Airlie Winery's Rosé of Pinot Noir

Amy shares her love for Airlie Winery's Rosé of Pinot Noir, a refreshing and spicy wine that she enjoyed during her visit to Oregon's Willamette Valley. This delightful wine helped her get through the 2023 tax season, making it a personal favorite.

Featured Wine:

For more information on Airlie Winery and their range of wines, visit their website or check them out when you're in the Oregon Willamette Valley area. And remember to share your favorite wine recommendations with us on Facebook and Instagram @rootedpg. Cheers!

Helpful Links:

Rooted Planning Group: Learn more about the financial planning services offered by the episode's sponsor, Rooted Planning Group - www.rootedpg.comAirlie Winery: Discover Airlie Winery's Rosé of Pinot Noir and their other wines - www.airliewinery.comNational Bureau of Economic Research (NBER): Find information on leading economic indicators and other economic data - www.nber.orgInstitute for Supply Management (ISM): Learn more about the ISM indices and economic activity - www.ismworld.orgWine and Dime Facebook: Follow Wine and Dime on Facebook for the latest news and updates - www.facebook.com/rootedpgWine and Dime Instagram: Stay connected with Wine and Dime on Instagram - www.instagram.com/rootedpg

Explore these helpful links to learn more about the topics discussed in this episode and stay informed about economic indicators, financial planning, and, of course, great wine recommendations!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Hi there, Wine and Dime listeners! Amy Irvine here, and I want to start a series on economics. I've realized that during some of my presentations, not everyone may be familiar with some of the terms I use. So, over the next six weeks, I'll be discussing various economic topics that may be new to you but are important to understand. This week, let's start with understanding the importance of the Fed Funds Rate.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Understanding the Importance of the Fed Funds Rate

The Fed Funds Rate has been making headlines over the past year and a half, with projections showing interest rate hikes to slow inflation. Here's what you need to know:

Other Key Terms to Know

My Exploration of Scottish Wine

As many of you know, I'm planning a trip to Scotland in 2024, and I've started to get educated about the country. Believe it or not, Scotland has some wineries! While they don't produce a lot of wine, I came across a winery called Chateau Largo during my research. I'm always up for trying new things, so I'm challenging you to find a Scottish wine that you enjoy. If you do, please report back to me!

Where to Learn More

If you want to learn more about the Fed Funds Rate and other economic terms, check out the links below:

That's all for now. Stay tuned for more economic topics in the coming weeks. Cheers!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to Wine and Dime, the podcast that uncorks the mysteries of personal finance! Today, we're diving into the nitty-gritty of business expenses. As a solopreneur or small business owner, you want to maximize your deductions and minimize your tax bill, right? Well, buckle up, because our guest experts, Kate Welker and Amy Irvine, are ready to help you do just that. From office supplies to travel expenses, from depreciation to employee benefits, they'll guide you through the maze of IRS rules and regulations. So grab a glass of your favorite vintage, and get ready to toast to your financial success!

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

The Wine - 2015 WALLA WALLA VALLEY SYRAH DESSERT

If you're a fan of dessert wines, you won't want to miss out on the 2015 WALLA WALLA VALLEY SYRAH DESSERT from Pudding River Winery. This rich and complex wine offers flavors of black cherry, chocolate, and spice, with a smooth finish that lingers on the palate. It's the perfect wine to enjoy after a meal or to pair with a decadent chocolate dessert. Visit Pudding River Winery's website to learn more about this delicious wine and how to get your hands on a bottle.

Useful Links

Overall, this episode of the Wine and Dime podcast offers a wealth of information for anyone trying to navigate the world of business expenses. Whether you're a seasoned business owner or just starting out, you're sure to learn something new and valuable. So, pour yourself a glass of your favorite wine and tune in to this informative and engaging episode!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Bank Failures and Insurance Limits

Welcome to the Wine and Dime podcast, where financial topics are uncorked and discussed like a fine bottle of wine.

In today's episode, Amy talks about the recent bank failures and the insurance limits that protect your funds. Before diving into the topic, Amy mentions her wine recommendation for the day - a 2019 Bourbon Barrel Cab from Berklee Winery in Lubbock, Texas. Moving on to the topic, Amy explains the different types of insurances available, such as FDIC and NCUA, and the limits for each. She also highlights the differences between the types of accounts that are covered and not covered. Investments made in stocks, bonds, mutual funds, crypto assets, and annuities are not covered under FDIC insurance. Amy provides a useful link to help listeners check if their funds exceed the FDIC limits.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

What you'll learn:

Wine Recommended: 2019 Bourbon Barrel Cab from Berklee Winery

The 2019 Bourbon Barrel Cab from Berklee Winery in Lubbock, Texas is a wine that is sure to please any wine enthusiast. This wine is a Cabernet Sauvignon that has been aged in bourbon barrels, giving it a unique flavor profile that is sure to impress.

The wine is dark and rich, with aromas of blackberry, black cherry, vanilla, and oak. On the palate, the wine is full-bodied with flavors of dark fruit, vanilla, and a hint of caramel. The bourbon barrel aging adds a subtle smokiness and complexity to the wine, making it a great pairing for rich, hearty dishes like grilled steak or roasted lamb.

Berklee Winery is located in Lubbock, Texas, which is known for its hot and dry climate. Despite this challenging environment, Berklee Winery has managed to produce some exceptional wines using sustainable farming practices and a commitment to quality.

Overall, the 2019 Bourbon Barrel Cab from Berklee Winery is a fantastic choice for anyone looking to try something new and exciting in the world of wine. Whether you're a seasoned wine drinker or a beginner, this wine is sure to impress with its unique flavor profile and exceptional quality.

Helpful Links:

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Pairing Schedule 3 with the Perfect Wine: A Tax Season Guide

In this episode of the Wine and Dime podcast, host Amy Irvine discusses Schedule 3 of the 1040 tax form, which covers additional credits and payments. Schedule 3 of the 1040 tax form is like the third glass of wine - it's necessary to finish, but you're not sure if it's worth the headache tomorrow.

Kidding aside,

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Here are some key points from the episode:

Winery Recommendation:

Pudding River Winery is a family-owned and operated vineyard located in Salem, Oregon, that has been producing award-winning wines since 2003. The winery's name is inspired by the nearby Pudding River, which flows through the beautiful Willamette Valley. The winery's mission is to create unique and high-quality wines that reflect the distinct terroir of their vineyard.

Pudding River Winery's vineyard spans over 22 acres, and it is planted with several grape varietals, including Pinot Noir, Chardonnay, Pinot Gris, Riesling, and Syrah. The winery uses sustainable farming practices, such as composting and cover cropping, to ensure that their grapes are healthy and vibrant. Their wines are handcrafted in small batches, using traditional winemaking techniques and minimal intervention, to showcase the natural flavors and aromas of the grapes.

The winery's tasting room is a charming and cozy space, decorated with warm wood accents and beautiful artwork. Visitors can taste a selection of the winery's current releases, including their Pinot Noir, Chardonnay, Pinot Gris, and Riesling. Pudding River Winery also offers guided tours of their vineyard and winery, where visitors can learn about their winemaking process and the history of the winery.

If you are interested in trying Pudding River Winery's wines, you can purchase them directly from their website or visit their tasting room in Salem. Some of their wines are also available for purchase at local wine shops and restaurants in Oregon. Here are some additional links to explore their wine selection:

Helpful Resources:

FAQ:

Q: What is Schedule 3 of the 1040 tax form?

A: Schedule 3 is an attachment to the 1040 tax form used to report certain tax credits and payments, such as the foreign tax credit or the additional child tax credit.

Q: Can I file my taxes without using Schedule 3?

A: It depends on your individual tax situation. If you do not have any eligible tax credits or payments to report, you may not need to file Schedule 3. However, it's important to consult with a tax professional or use tax preparation software to ensure you are filing correctly.

Q: What types of wine does Pudding River Winery offer?

A: Pudding River Winery offers a variety of wines, including Pinot Noir, Pinot Gris, Chardonnay, Syrah, and more. You can check out their selection on their website or visit their tasting room to sample their wines in person.

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Amy Irvine of Wine and Dime is back with another episode, and this time she's uncorking the secrets of Schedule 2 from the 1040 tax document. It may sound daunting, but Amy breaks it down like a fine wine, explaining the different types of taxes and penalties that can show up on Schedule 2.

But what's a tax episode without a wine recommendation? Amy suggests pairing your tax prep with a glass of Pudding River Winery's Willamette Valley Chardonnay. This "delightful" wine is the perfect complement to your financial musings, with its notes of apple and pear and a smooth finish that will leave you feeling refreshed and ready to tackle your taxes.

So next time you're faced with the daunting task of Schedule 2, remember to take it one sip at a time and pair it with a delicious glass of wine. Cheers to financial wellness and a well-stocked wine rack!

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

Main Discussion: Amy discusses Schedule 2 from the 1040 tax document, which includes additional taxes and penalties that a taxpayer may owe. She explains that Schedule 2 is used to report alternative minimum tax, excess advance premium tax credit repayment, additional taxes on IRA or other qualified retirement plans, and other taxes. Amy provides a helpful overview of each of these taxes and explains how they may apply to individual taxpayers.

In conclusion, Amy highlights the importance of understanding Schedule 2 and how it impacts your taxes. And of course, they recommend enjoying a glass of Pudding River Winery's Willamette Valley Chardonnay while reviewing your taxes.

Wine Recommendation: On this episode, Amy recommends a 2015 Willamette Valley Chardonnay from Pudding River Winery. She describes the wine as "delightful" with notes of apple and pear, a touch of vanilla, and a smooth finish. Pudding River Winery is a small, family-owned vineyard located in Salem, Oregon. Visit their website at puddingriver.com to learn more about their wines and vineyard.

Links that you might find helpful:

Schedule 2 of the 1040 tax document - The IRS website provides information on Schedule 2, including the different types of taxes and penalties that are reported on it: https://www.irs.gov/forms-pubs/about-schedule-2-form-1040Alternative Minimum Tax (AMT) - The Tax Foundation has an article that provides a comprehensive overview of AMT, including how it works and who may be subject to it: https://taxfoundation.org/alternative-minimum-tax/Excess Advance Premium Tax Credit Repayment - The healthcare.gov website provides information on this tax, including how it is calculated and who may be subject to it: https://www.healthcare.gov/glossary/excess-advance-premium-tax-credit-repayment/Additional Taxes on IRA or other Qualified Retirement Plans - The IRS website provides information on these taxes, including the different types of retirement plans that may be subject to them: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributionsPudding River Winery - The winery's website provides information on their wines, vineyard, and tasting room: https://puddingriver.com/Rooted Planning Group - The financial planning group's website provides information on their services, team, and approach to financial planning: https://www.rootedpg.com/

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode of Wine and Dime, Amy Irvine is back to talk about the wonderful and illustrious 1040! Amy dives into Schedule 1, which is actually an extension of the front side of the 1040. Schedule 1 is all about additional income and adjustments to income.

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

I. Additional Income Items

II. Adjustments to Income

Conclusion:

Pudding River Winery's Pinot Noir:

Links discussed in this episode:

The IRS website provides detailed instructions on how to fill out Schedule 1, including a line-by-line breakdown: https://www.irs.gov/forms-pubs/about-schedule-1-form-1040Pudding River Winery: https://www.puddingriverwinecellars.com/Oregon Wine Board: https://industry.oregonwine.org/Willamette Valley: https://willamettewines.com/

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help. Visit www.rootedpg.com to learn more.

Summary: In this episode, we break down page 1 of the 1040 tax form and explain each section in plain language. We cover everything from personal information to income sources, deductions, and tax credits, so you can better understand how to fill out this important document.

Outline:

Winery and Wine Recommendations:

If you're looking for a delicious wine to enjoy while working on your taxes, we recommend the Pudding River Wine Cellars Walla Walla Valley Malbec. This wine boasts bold and juicy flavors of dark fruit and chocolate, with a smooth finish. You can purchase this wine directly from the winery's website at https://puddingriver.com/our_wines/2014-w-v-melbec/

Links/Resources Mentioned:

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help. Visit www.rootedpg.com to learn more.

Thinking about adding disability insurance or "Risk Transfer" to your financial plan? Listen to this episode of the Wine and Dime Podcast by Amy Irvine as she shares what she learned at a recent conference sponsored by LLIS. She will also share her wine pick for this month as she starts her "around the world" with her tastebuds wine tour this year. 

Prejean Winery, https://prejeanwinery.com/ - Riesling or Gold Finch Riesling - check out the story of this wine, talk about a life event!

WHAT IS LLIS YOU MAY BE ASKING?

AS AN EXTENSION OF FEE-ONLY FINANCIAL ADVISOR FIRMS, WE WORK WITH ADVISORS AND THEIR CLIENTS TO FIND THE RIGHT SOLUTIONS FOR:

Thanks for listening and be sure to like, rate, subscribe and share.

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

THIS EPISODE WAS PRESENTED BY

AMY IRVINE

ROOTED PLANNING GROUP

10 EAST MARKET STREET

CORNING NY 14830

WWW.ROOTEDPG.COM

EMAIL: AMY@ROOTEDPG.COM

Thinking about adding life insurance to your financial plan? Listen to this episode of the Wine and Dime Podcast by Amy Irvine as she shares what she learned at a recent conference sponsored by LLIS. She will also share her wine pick for this month as she starts her "around the world" with her tastebuds wine tour this year. 

Prejean Winery, https://prejeanwinery.com/ - 2016 Bosun's Mate - check out the story of this wine, talk about a life event!

What is LLIS you may be asking?

As an extension of fee-only financial advisor firms, we work with advisors and their clients to find the right solutions for:​

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

This week's episode of Wine and Dime is a crossover episode from our YouTube channel. In this episode we discuss the Market and Economic Reports so far this year. You can listen to the episode here or check the show notes below for the links to the 2 video's that go along with it.

You will learn what the GDP and labor numbers are telling us.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

We are excited to welcome Kimberlee Davis the Fiscal Feminist to this weeks episode of Wine and Dime. Kimberlee Davis is a Partner and Managing Director in The Bahnsen Group, a wealth management practice with offices in Newport Beach, California and New York City. She is also a Certified Divorce Financial Analyst. Kimberlee is a professional woman, a mother and a daughter of elderly parents. Her career began as a Wall Street corporate lawyer. She then transitioned into investment banking, corporate finance, and finally wealth management. She has also been a stay-at-home mom when her three daughters were young. Her experiences have covered the gamut of the diverse roles that women fulfill throughout their often very complex lives.

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to Part 3 of the Wine and Dime podcast about the SECURE Act 2.0. In this episode we will be discussing provisions that go into effect in 2024. There's a big one regarding Roth Provisions, so be sure to tune in and learn more!

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to Part 2 of the Wine and Dime episode about the SECURE Act 2.0. In this episode we'll be covering some the new provisions that are effective for 2023. Buckle up, because there is a lot of information in this one!

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back Wine and Dime listeners. These next three episodes will be focusing on the SECURE Act 2.0.

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023, which included the SECURE Act 2.0, which was part of the 2023 Omnibus Spending Bill.  It made for good reading over the past week.  For those inquiring minds that want to know what “SECURE” stands for, it is “Setting Every Community Up for Retirement Enhancement.”

This is going to focus only on the SECURE Act provisions, but there is soooooo much more!  Here is a link to the actual bill if you have trouble sleeping some night: BILLS-117hr2617enr.pdf (congress.gov)

In part 1, you will learn about:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Happy New Year Wine and Dime listeners! This first episode of 2023 is a special one. We welcome to the show Lisa Zawrotny. Lisa found herself sandwiched between "raising parents" and raising kids. She got lost in who she was and used her process to find herself and declutter her life to start a new path, a new business.

Check out Lisa's Podcast "The Positively Living podcast"

Lisa shares the following tips:

Learn who you areLearn how you work bestLearn how to lean into your strengths

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to part 2 of the last episode of Wine and Dime for 2022. It's been a great year and I thought it would be great to invite team on this episode to share some year ending financial insights. We want to thank you all for subscribing and being part of the show.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to part 1 of the last episode of Wine and Dime for 2022. It's been a great year and I thought it would be great to invite team on this episode to share some year ending financial insights. We want to thank you all for subscribing and being part of the show.

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

On this episode of Wine and Dime, we wrap up our monthly topic about estate planning. Kerrie Beene joins me this week as we talk about what to do when you have a blended family. Tune in to learn more!

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Ann Arceo joins us on this episode of Wine and Dime! She is here to talk about how to support your aging parents while living afar. Ann shares some insights into the situation, along with plans, and things to think about. Tune in to learn more!

Things you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back Wine and Dime listeners. In this episode, Kate Welker is here again to talk about November's topic of Estate Planning! This time, centering around parents with middle school kids. Kate shares her experiences and insights into some of the things you need to be aware of as your children start to get older.

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

On this episode of Wine and Dime, Becky Eason joins us once again. This time to talk about estate planning for new parents. As a soon to be new parent, Becky shares some insights into the topic and some things she learned along the way.

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome back Wine and Dime listeners! This week we welcome back Kerrie Beene. Kerrie is here to share with us some things to be thinking about "If this is your first job".

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Open enrollment month continues this week on Wine and Dime. Ann Arceo is back with us to discuss some benefits that you might be missing out on! Be sure to tune in to find out if there are any benefits that you might have forgotten about.

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

It wouldn't be October around here if we weren't talking about Open Enrollment. That's why Becky Eason is back with us on this episode of Wine and Dime! She's here to help you make sure that you aren't leaving any benefits "on the table"! Tune in to learn more

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

We welcome Kate Welker back on this episode of Wine and Dime. It's October, and you know what that means. Time to be thinking about Open Enrollment! And Kate is here to walk us through some things to be thinking about to help you plan for your upcoming open enrollment planning!

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Welcome to this episode of Wine and Dime! Ann Arceo is back with us to discuss Life Insurance. She shares some of her insights and expertise into this topic that you'll want to be sure not to miss!

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Kate Welker is back with us on this episode of Wine and Dime with Amy Irvine. Kate draws on her experience working with her father to share some tips about insurance coverage with us. Tune in and listen to a great conversation that will inform and educate you about your insurance questions.

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Becky Eason is back with us on this week's edition of Wine and Dime. She's here to talk about insurance policies and what you should consider while reviewing them. While this might not be the most captivating topic, it is essential to your financial plan. Becky shares her expertise and some insights on what to be looking for.

What you will learn

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Ann Arceo joins us on this episode of Wine and Dime! She is here to talk about tax credit, raising kids, and helping parents.

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Grandparents helping out with college costs through 529 plans and other savings accounts? That's what we are talking about this week on Wine and Dime. Becky Eason is back with us this week to help us wade through this topic.

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode of Wine and Dime we will be focusing on back-to-school expenses for High School and College Students. Our very own Kerrie Beene has students in those age groups, so I invited her back to talk to us about what she's learned over the years!

What you'll learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Kate Welker joins us in this episode of Wine and Dime. She shares with us some back-to-school supply buying tips that every parent can appreciate. Tune in to find out some of these budgeting and money saving tips!

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Jeff Dvorak joins me on this week's episode of Wine and Dime. Jeff shares with us his journey to being a financial planner. From his upbringing to his college days to his career, Jeff offers insights about his life as a financial planner and what drives him to help his clients. Jeff is the owner of 4D Financial Advisors who is an independent, fee-only financial advisory firm for female professional leaders.

What will you learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode of Wine and Dime we wrap up Financial Independence month with our very own Ann Arceo. Ann is here to share her expertise and some things to consider on your path to financial independence.

What you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

This week on Wine and Dime, Becky Eason and I talk about the FIRE Movement. What is the FIRE Movement you may ask? FIRE stands for "Financial Independence, Retire Early"

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

On this episode of Wine and Dime we welcome back to the pod Kerrie Beene! Kerrie is here to share some insights on how to raise independent children.

What you will Learn this episode

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Kate Welker is back with us on this episode of Wine and Dime. This week we are talking about Financial Independence. Kate is here to break it down for us and ask the question, "What does financial independence mean to you?"

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Retirement month continues here at Wine and Dime. Ann Arceo is back with us to talk about the impacts that your retirement savings have during a down market, like we are seeing now.

What you will learn

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

Kerrie is back with us in this Episode of Wine and Dime. We are talking about planning for retirement while you are in your forties.

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.

In this episode of Wine and Dime we continue our topic of the month, Retirement. Becky Eason is back on the show to talk about some competing prioritites. Saving for Retirement, building an emergency fund, and paying off debt

In this episode you will learn:

Don't miss out on valuable insights and empowering financial advice! Subscribe to "Money Roots" today to embark on a journey of financial growth and empowerment. Join host Amy Irvine as she simplifies personal finance, making it accessible to everyone, from beginners to seasoned experts. By subscribing, you'll stay up-to-date with each episode, gaining access to practical tips, inspiring stories, and expert insights that will help you take control of your financial future. Whether you're looking to budget smarter, invest wisely, or secure your retirement, "Money Roots" has something for everyone. Subscribe now and start nurturing your financial well-being!

If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com

Or visit us at www.rootedpg.com/podcasts for full show notes and links!

This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.

Visit www.rootedpg.com to learn more.