I was recently interviewed for the Divorce Resource Podcast by Ani Mason, local Family Law Attorney and Collaborative Divorce Attorney. Ani had lots of great questions about the sometimes confusing – but extremely important- world of retirement assets, which play a big role in many divorce settlement negotiations. During the podcast, we discussed the following [...]
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Financial Planning Checklist for New Parents
This article appeared first at local parenting blog A Child Grows in Brooklyn. New parents are busy. When it comes to financial planning, they just want to make sure they are doing the right things for them and not missing anything important. Perfect for this situation: a checklist! There are eight items on my financial [...]
Building Financial Confidence (My Video Debut!)
I was thrilled to recently be a part of “The Karen Walrond Show,” a web TV show with episodes at CafeMom.com. The topic of our discussion was “building financial confidence”. Karen made the point – which I often find to be true – that many women handle their family’s day to day finances (like balancing [...]
Divorce & Your Money: Retirement Assets
This is the sixth post in my “Divorce & Your Money” series. For many, retirement savings in a 401(k) or IRA may be their biggest financial asset. Here is a summary of retirement account basics and how they may be divided in the event of divorce. Retirement Account Basics In a nutshell, retirement accounts are [...]
Company Stock in a Retirement Plan? Consider NUA
If you are changing jobs or retiring, and shares in your company stock are part of your retirement plan, you have an additional option to consider when you transfer this asset out of the company plan. Net Unrealized Appreciation (NUA) is a strategy which may significantly reduce the tax liability on your retirement plan. What [...]
What is a Beneficiary IRA?
If you have inherited an individual retirement account (IRA), you may want to transfer the funds into an inherited IRA, also known as a beneficiary IRA. This type of inheritance typically comes from a parent, spouse or other family member, but could come from anyone. Here are the key issues to consider if you have [...]
Can I Afford to Work Part-Time?
Wouldn’t it be great to have an extra day each week to run errands, spend time with your family, or just relax? But can you afford it? As a mom, I have often thought that part-time work would be the perfect compromise: I would have the extra time to spend time with my kid or [...]
Interview: Medicare Expense Planning
Many of my clients (and my own parents) are approaching the age of 65, which means they’ll be eligible for Medicare coverage. But until they are in it, most are uncertain about what a switch to Medicare will mean for their budget. Pai Gee-Janssens is a Medicare private health insurance plan specialist based in NYC. [...]
The Benefits of Benefits
“My new company gave me this big packet of benefits information. Should I sign up for the …” Health Insurance? Company 401K? Group Life Insurance? Long Term Disability Insurance? Long Term Care Insurance? Transit Checks? Flexible Spending or Dependent Care Spending Account (FSA or DCSA)? Employee Stock Purchase Plan (ESPP)? Deferred Compensation Plan? These are [...]
How to Choose a Retirement Plan for Your Small Business
If you work in the corporate world or in any large organization, you probably have access to a 401(k) plan. You can save there and even get a match from your employer. Easy-peasy. But if you own a business, run a professional practice, or work as an independent contractor, you may be realizing that your [...]
About Sara Stanich
Sara Stanich is a Certified Financial Planner, CFP® and Certified Divorce Financial Analyst, CDFA™. She provides financial planning advice and investment management services for her clients, who include entrepreneurs, growing families, couples going through divorce, and persons preparing for retirement.
