Sole in the press!
"As Arlotta explains, indexing works because it gives you instant diversification, which helps reduce portfolio volatility. As you get older and your risk tolerance starts to wane, it's important to recognize that benefit."
"'Save for it on a monthly basis,' Arlotta says, 'so you’re not throwing your budget out of whack completely when it’s November and you want to visit your nieces and nephews for the holidays—and also buy them gifts.'"
“Decide what is most important for each of these couples you’re supporting or going to see. Like I said, one person might be a co-worker, someone else you might be in their wedding, so you’re expected to do more. Make sure you’re showing up not only for what you think is important, but also what is realistic for you.”
"So even if you’re not able to negotiate a lower rent, try to set yourself up to renew in the colder months next time. 'It’s so competitive when everyone is looking in the summer,' Arlotta said. 'If you’re moving in November or December or January, it’s a little bit less. Not thousands less, but maybe a couple hundred less per month.'"
"'Every industry is different and the consistency of income is different, but taxes, unfortunately, are the first thing I like to talk to people about because the IRS will not forget,' said Danielle Arlotta, CFP"
"But keeping the money in cash or in a checking account also isn't a good idea, Arlotta said. You're losing potential value, yes, but you're also likely to spend that money when it's so easily accessible.
Arlotta instead recommends her clients stash their tax savings in a high-yield savings account."