Investing in Your Values Blog
The SECURE (“Setting Every Community Up for Retirement Enhancement Act”) was signed into law in December, with most provisions effective January 1, 2020.
This sweeping legislation offers several adjustments to current laws surrounding retirement. Let’s go through the 3 major changes that may impact your retirement planning.
Sam was at a coffee shop and politely asked Ms. Miller at the next table if she minded if he made a quick call. She told him sure, go ahead. Sam proceeded to call Mr. Jones.
Sam: Mr. Jones, I live in the neighborhood and was wondering if you would like someone to shovel your driveway this winter.
Thanksgiving is one of my favorite holidays! Isabel is coming home from school in Denver and Maddie is flying in from Kansas City. I’m so excited to have all of us under one roof.
The beds are made, the refrigerator is stocked and a bunch of old clothes are in boxes waiting for the girls to decide what to keep and what to donate. (Why not use the long weekend as an opportunity to declutter?)
This blog is shorter than normal so you can get to work and “Claim What Is Yours.”
You probably have received (and ignored) e-mails from the Illinois Treasurer’s office regarding unclaimed property. Take 5 minutes to claim what is yours. Check Your Unclaimed Property at https://icash.illinoistreasurer.gov/
If you know me, you know that I've never been a passive person. Go ahead and say it! Shari Greco Reiches is as Type A as they come. My family is not passive. They speak their minds on just about everything. Have you met my kids? My friends are not passive people either – and you know who you are.
Hey, us Type A folks just know how to get stuff done. No shame.
I’d like to start by asking you to close your eyes and think back to…your first crush. Do you remember yours? Mine was Marc. He was cute, funny and geographically desirable since he lived only a block away from me. I remember talking to my friend Myndee about Marc and being really excited.
As I’ve thought about that period of time, I started thinking how investing mirrors your first crush. How so?
An excerpt from a typical conversation that Stephen (my husband) and I have while driving on vacation:
Shari: Stephen, maybe we should stop for gas over there, we’re at about a quarter of a tank left.
Go big or go home
My daughter’s Instagram account a few months ago, had a caption "Go big or go home." Under the caption was a picture of my daughter being carted off the mountain by the ski patrol after a nasty fall. Her bindings didn't release.
I’ve always focused on educating women about financial planning. It’s personal – my mom has been in charge of her own finances since an early age. She’s as smart as they come, but certainly had no background in managing money. And she’s not alone – eight out of ten women will be solely responsible for their financial health at some point in their lives. 1
I think we know why – women live longer than men, and about half of marriages end in divorce.
A few weeks ago I was watching one of my favorite movies, City Slickers. I guess it’s now an “oldie”, but a really fun movie to watch with the family over the holidays!
I love the scene where Billy Crystal's character, Mitch, is alone with Curly, played by Jack Palance. Curly is giving Mitch some life advice.
With Thanksgiving behind us, the rest of the holidays are in sight…A crazy, chaotic, wonderful time. Good luck to all of us making it through!
Today is Giving Tuesday (just in case you weren’t keeping track, Giving Tuesday is the Tuesday after Cyber Monday, Small Business Saturday, Black Friday, all following Thanksgiving Thursday).
Have you ever gone to the grocery store without a list? We all know what happens next… You spend extra time going through all the aisles. Chocolate-covered banana snacks and a bag of weird wasabi-flavored chips end up in the cart.
Wait, what was it that you needed to buy? Of course, you forgot, and then your spouse “requests” you go back to the store.
I wanted to share a letter I wrote to my partner David Rappaport’s daughter, Leah. At 18 months old Leah was diagnosed as being on the autism spectrum. Two weeks ago she graduated Magna Cum Laude with a degree in Mathematics from Carthage College. In a few weeks she’ll start work at Aspiritech, a non-profit company that hires adults on the autism spectrum to provide software testing and quality assurance services to corporate clients across the U.S.
Thanks for all of the great feedback from my last blog! It sounds like many of you are well on the way to decluttering your lives. And personally, I was the recipient of a friend’s scarf that she never wore. So thoughtful of her. I hope she doesn’t stop in at Goodwill anytime soon…
Continuing down the path of organization, let’s turn to our finances. How do we begin to get a clear picture of where we are at? In the spirit of simplicity, let’s start with four numbers to know. They go by the acronym SALE, and who doesn’t love a sale? SALE stands for:
As a young teenager, on Saturday nights I would babysit kids in my neighborhood. I won’t say what year it was, but the #1 song on the Billboard charts was “Stayin’ Alive” by the Bee Gees. (I still get up and dance every time I hear it. And I know you do too!) And the #1 movie - I’ll give you a hint - one of the main character’s nicknames is the same as my favorite Chicago Cub’s last name.
75 cents per hour was the going rate. On grid-lined paper I would chart my earnings, hour by hour. (Don’t worry… I was still keeping an eye on the kids.) As each hour passed, I’d add to the bar representing my pay. After the kids were asleep, I’d watch Love Boat followed by Fantasy Island. (The plane! The plane!) I’d call my friends (on a rotary phone) who were also babysitting and we’d gossip.
It is Sunday night, and I’m planning for the week ahead. It will be busy at the office as my husband and I are leaving on Friday to visit his family in Washington, D.C. I just finished a call with my daughter who is in Kansas City, having just started her first job out of college. She mentioned that she’d love to join us in D.C., but… could we help out by paying for the plane ticket? So we went online and…
$650 for a round trip ticket! You’d think that people in Kansas City don’t get to our nation’s capital that much. Previously, I would have agonized a bit, then said nope, too expensive, she’ll have to join us next time. However, today I decided to buy the ticket. What changed? How was I able to make the decision so quickly?