Posts by Shannah Compton Game

is blooom worth it

Reviews: Can Blooom help you better manage your 401(k)?

Blooom is a robo advisor that specifically focuses on 401(k) portfolio management. A CFP weighs in on its pros and cons.

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best online bank

A CFPs take on if you should pick an online bank

With the advent of new and fast-developing technology, online banks are becoming a bit of the norm these days. At least for the near future, there will always be the big, brick and mortar banks with names that you’re familiar with and drive by on a daily basis. However, online banks are armed with perks…

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How to make your family’s life easier if you die

Estates aren’t only for the super-rich. Understand how simple estate planning strategies can help make your family’s life more comfortable, and potentially less expensive, if you die.

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choosing a budgeting app 2018

Reviews: You Need a Budget vs Mint vs Personal Capital

There are countless budgeting apps out there but three constantly pop up in conversation — You Need a Budget (YNAB), Mint, and Personal Capital. A CFP professional weighs in on how these three differ and which may be the right fit for you.

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Reviews: The best budgeting apps and services in 2018

You may have heard of some of these budgeting and saving apps, but are they worth the memory to download? Find out which is a fit for you.

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saving for an emergency fund

Could You Find $400 For An Emergency?

In a recent article published by The Atlantic, The Secret Shame of the Middle-Class Americans, an alarming statistic emerged from a Federal Reserve Board survey conducted in 2013. Forty-seven percent of those surveyed said they could not come up with $400 to pay for an emergency. In order to do so, they’d need to borrow money or sell items they own.

Why aren’t we saving enough money to cover even the smallest emergencies?

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Money Decisions to Make Once You Tie the Knot

There are a million and one decisions to make once you decide to get married. And, with wedding season upon us, I’m getting a lot of questions from clients on how to financially prepare for a future together.

When you get married, you want to start your shared life together on the right financial foot. (As an aside, that’s not by maxing out your budget or depleting savings on a wedding.) Most people are so involved with wedding planning that they put off having necessary money conversations that always arise after you tie the knot. If I’m honest, even as a financial planner, I still had some money fears after saying “I Do.”

Based on my years working as a financial planner (AKA a marriage financial therapist) and personal experience, there are six major money decisions you must make in order to set you and your spouse up for financial success.

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This is what you need to know before creating a will

What You Need to Know Before Creating A Will

It’s the New Year, and you’re focused on at least attempting to honor all those resolutions you set just a few days ago. Things like losing weight, joining a gym, saving more money and finally taking that trip to some exotic location probably top the list.

Assuming you’ve already purchased life insurance to protect your family’s finances, there’s one more item that should be added to your “Must Do in 2016” list, and it’s creating a will.

“Do I really need a will?” is one of the most common questions I get asked as a financial planner. I argue that most everyone should have a will, but it’s especially necessary if you have kids, significant assets and are married.

Whether you truly understand what a will does, we all know that it’s an important document that includes really important decisions. The reality of life is that you can’t predict when something might happen to you and since you’ve spent your entire life collecting things and building assets, it doesn’t make sense that you wouldn’t have a will in place to determine how they should be handled.

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when you should start saving for retirement

Addressing Retirement Fears: Q&A with Shannah Game

Following up from our first article where we Addressed Your Financial Fears, there was a theme in a lot of your questions about retirement. You’re worried about retirement, and rightfully so. If you are under the age of 40, chances are your life expectancy could be well into your 90s if not 100s, which means you could spend 30+ years in retirement. You need to make sure that your money doesn’t expire before you do, which is a tough task in today’s economy.

Don’t be upset if your 401(k) balance doesn’t have a ton of zeros after it. You guys had some thoughtful questions about retirement that will help set you all on the right path for retirement saving.

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financial discussions

Addressing Financial Fears: Q&A with Shannah Game

A couple of weeks ago I shared my financial fears in marriage and some tips and tricks I’ve used over the years to overcome them. I love doing posts like this because not only do I get to share the fact that I, too, have financial fears but it gives me an opportunity to find out if all of us have similar concerns. Spoiler alert: we do!

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