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Is the Squeeze Worth the Juice?
If you're currently job searching, be sure to give yourself more time to find the right opportunity. Consider the comprehensive benefits package, which includes pay, time off, virtual work arrangements, a 401(k) match, and deferred compensation for highly compensated employees. Employers are also consolidating job descriptions, so be sure you're prepared for the next step. Concerned about how the new job will fit into your current financial plan? We can help!
What You Should Know About Trump Accounts
As a part of President Trump's Big Budget Bill, a new account type may be available for the benefit of children born from Jan 1 2025--December 31 2028. Currently called "Trump Accounts", the accounts will get $1k of seed funding from the government and contributions can be made by family & friends of up to $5k/year. At age 18, the child can use the funds for a qualified purpose which would include a first time home purchase, buying a business or attending college.
Should you Rent or Buy Your Vacation Home?
Summer's almost here and you may be thinking about buying a #vacationhome in your favorite destination.
Check out Kristin's recent conversation with KOTV - News On 6's Autumn Bracey where they talk about the Pros & Cons of Renting or Buying a vacation home.
Tulsa Looks Good On Her Planning
I was thrilled to be featured by Jennie Wolek on her Tulsa Looks Good On You Series!
Check out our conversation where we chat about what I do at HerPlanning, how to get started on your Financial Planning journey, how I began to focus my practice around supporting female clients & the most common ways people build wealth.
TOP 5 THINGS TO DO WITH YOUR TAX REFUND
Have you received a windfall and are you wondering how to make the smartest use of your tax refund? Check out Financial Planner & Founder of HerPlanning, Kristin Afelumo's March 2025 segment on @NewsOn6KOTV where she provides the top places to direct your tax refund.
1. Consistently getting large refunds? Consider updating your tax withholding & maybe your 401(k) contributions
2. Pay off high-interest debt
3. Save for an emergency (3-6 months of your expenses)
4. Save for a future large expense like a car or trip
5. Save for retirement or your child's college
FINDING LOST MONEY: WHERE'S YOUR OLD 401(K)?
Retirement is a common concern for most people…do I have enough? Will I be able to survive on the earnings I have accumulated?
What many don’t consider is the money left behind.
It happens more often than people realize. From 401(k)s that people have at old jobs, or money left in accounts that they just don’t know how to access.
Thankfully, there is a process for checking unclaimed property like this.
💥 Want to know more? Check out Kristin's full interview with News On 6 Tulsa from January 2025!
SETTING A VISION FOR 2025
When reflecting upon those resolutions that inevitably come with a new year, it’s important that you also consider how you might be able to implement some positive changes into your financial habits.
For many, it can feel like an overwhelming task, but it doesn’t have to be.
· It all starts with your vision!
· Consider where you want to be in the next 5 years.
· Map out some practical steps.
· Utilize free resources!
💥Want to know more? Check out Kristin's full interview with News On 6 Tulsa from December 2024 below!
Have A Family Meeting
One of the most important topics to make sure all family is clear on is final wishes, financial decisions or ongoing concerns and business decisions. If you're thinking about having this conversation with your adult children or your aging parents, this time of year is a great time to establish the tradition of the Annual Family Meeting.
Why have a family meeting?
> Plan major trips & events or the annual family calendar
> Remaining Connected to each other
> Making important decisions together or being made aware of decisions that impact everyone.
Feel free to use out our Data Sharing Guide below and use it as a checklist of what documents you may want to start collecting. This is the same document we use to collect documents from clients to start their financial plan.
Once your first family meeting is scheduled, be sure to solicit feedback from family members on the agenda items and loop in any professionals so that they can provide financial statements, documents like Wills or Trust or anything else that's relevant.
Be sure to check out Kristin Afelumo's segment on News on 6 Tulsa from 11/20/24 where she chats about how to bring up this idea to your family.
Saving for Christmas
Christmas. It's only 3 months away! Looking to avoid that giant credit card bill headed into the new year?
🌲Start stashing some cash now for the holiday season!
🌲Consider re-directing some of your direct deposit to a High Yield Savings account (HYSA) to stash for the upcoming holiday season.
🌲Stave off inflation in the short term by taking advantage of higher-than-normal interest rates in HYSAs and get started in January for next year!
🌲Looking to save for a major event 3+ years from now? Consider investing. Investing over the long term is one of the best ways to beat inflation.
💥Want to know more? Check out Kristin's full interview with News On 6 Tulsa from 9/25/24 below!
Election concerns?
We get this question all the time, should I wait until after the election to invest? Our answer is simple, no. Don't wait!
- Vote your conscious, not your wallet!
- Never try to time the market.
- Investing consistency is the key to success.
- Don’t try to time the market, just stay the course and invest consistently over time.
Wondering how the market performed while your favorite president was in office? Check out this interactive chart by Dimensional below.
saving for college with 529 plans!
It's Back To School Season! Are you thinking about saving for college? It's never too early to save but how and where should you do so?
Check out Kristin Afelumo's July 2024 News Segment with News On 6 Tulsa's Autumn Bracey about the benefits of using 529 plans in Oklahoma.
How to plan for your inheritance
Here are a few tips from Kristin's June 2024 appearance on News on 6 Tulsa:
🗣️Talk to your kids early and often about money. They’re hungry for the information. Kristin gave a shout out to the young adults she had the privilege of speaking to at a recent event for Thunder Fellows. They’re high school & college and are ready to make their own moves with money. "My opinion?", Kristin said, "They would have used this information in middle school so they knew exactly what to do when they turned 18 (some of them are already investing!) Even middle schoolers I’ve spoken to in the past are super intuitive about money and understand complex strategies if they’re explained simply."
🤝 Involve them in conversations with your money professionals. Whether it’s your Family Office or a quick meeting with your CPA, Financial Planner (💁🏾♀️) or Attorney, involve them in the meetings so they understand the strategies you’re using. Your kids are less likely to undo the planning you’ve done when yourr gone if they were there when the decision was made and get your rationale.
🙅🏾♀️If your aforementioned professionals don’t work well with your kids, don’t get the point of meeting with them, don’t take their calls, talk down to them, *fire them*. Your kids are going to do it eventually. Save them the trouble of having to find a new professional on their own. Find a team now that works for everyone.
🤑Most importantly, kids, adult or littles, will do what they see you do not what you tell them to do. Set a good example and remember to pass down the *Values* that are important to you and your family, not just the *Value* in your portfolio.
More in the video! Contact us to chat about passing money down to your kids (or if you’re planning to inherit & need to chat)!
Wondering how to manage your 401(k)?
Should you rollover your 401(k) to an IRA? To your new employer sponsored plan? Should you invest in Target Date Plans or build your own portfolio? How do you know if it makes sense to pull out cash to pay off high interest debt? Kristin covers it all in her April 2024 installment of her financial ed series for Tulsa's News on 6!
Ready to get started investing?
Wondering how to know if you should be investing? How do you judge success as an investor? How much risk should you take in your portfolio? Here are a few quick tips from Kristin Afelumo as she chats with News On 6 Tulsa's Autumn Bracey.
Talking Money with your Honey
Kristin Afelumo shares tips on how to manage money as a couple with NewsOn6's Kristen Weaver.
Financial goal setting for the new year
Kristin chats with NewsOn6 Tula's Autumn Bracey about how to set financial goals for the new year, where to start and the importance of having a vision.
Women in financial planning is "on her mind"
Check out Kristin's interview with Fox23 Tulsa's Michelle Linn where she discusses what's on her mind as a Financial Planner, a Black female business owner & an Oklahoman.
Women making more money. The wage gap between men and women has grown in Oklahoma in the last few years.
Women investing more money. Because they’re excellent long-term investors & charitable givers.
🥳 Women finding success as Financial Planners. Because problem-solving and walking through life with clients is what it’s all about.
Goodbye 2023!
Kristin chats with News On 6 Tulsa about her top Tax Tips to lower tax exposure for the 2023 tax year. Check out the full video below.
'Tis the season...for tough convos with family.
Oftentimes, the holiday season is the only time of the year you get to see your family. If you're thinking about how to talk to your family, especially aging parents, about money and estate plans, this is the segment for you!
Checkout this segment from Kristin Afelumo's 11/15/23 Segment on News On 6 Tulsa.
Secure 2.0: Upcoming changes help you save.
There are big changes coming to 401(k) and other savings tools over the next few years via the Secure 2.0 Act.
Checkout this segment from Kristin Afelumo's 10/25/23 Segment on News On 6 Tulsa.
Generational Wealth & Estate Planning
An estate plan is an important piece of transitioning generational wealth. Check out Kristin Afelumo's September 27, 2023 interview with News on 6 Tulsa about Trusts, Wills & estate planning.
Preparing for student loan payments to resume
Our #1 piece of advice for those with Student Loans is to take action. Check out this news story featuring our founder, Kristin Afelumo, with Channel 2 News in Tulsa where she gives some good news for borrowers.
Kristin Speaks at Oklahoma's 1st Women's Wealth Conference
The Success Becomes Me Conference kicks off the week of September 18th in Tulsa Oklahoma. Per the founder, it's the first conference of it's kind for women in the state. It's focus is to help promote Economic Parity among women in Oklahoma through Entrepreneurship, Community & Education.
Check out our founder, Kristin Afelumo, as she chats with Channel 2 News Oklahoma in Tulsa about her upcoming talk on Thursday September 20th.
Generational Wealth & Tax Advantaged Investing
Did you know that most people outlive their IRA balance?
Saving in tax advantaged accounts like a 401(k) or IRA allow you the benefit to day of tax deferral but can also be passed down to your beneficiaries.
Wondering if you should be saving for college or focus your efforts on retirement?
Check out the video for more!
what is generational wealth
Ready to get started building Generational Wealth?
Check out our Founder, Kristin Afelumo, on News on 6 Tulsa in her first installment of her series on Building Generational Wealth.
Catch her live on the 4th Wednesday of every month during the noon hour.
Leaving your job?
If you're leaving your job there are more than a few financial considerations. Check out Kristin on her 6/21/23 appearance on News on 6 - Tulsa to hear what she has to say are her top 3.
Getting Married?
Here's what to ask your future spouse before you tie the knot.
- What's your partner's philosophy about debt?
- What's their credit score and how did they get there?
- Who will pay the bills?
- Will yall have a joint account?
- Should you get a prenup?
All questions Kristin covers on her May 24th appearance on News On 6 Tulsa.
How to Choose a Financial Planner
Choosing a Financial Advisor or Planner can be tough! With so many options, how do you know who the best fit will be?
Check out Kristin Afelumo's April 26, 2023 Interview on News on 6 Tulsa for answers!
The Banking Crisis: Should You Be Concerned?
Check out Kristin's Interview on News On 6 in Tulsa, Ok on March 22nd 2023.
During this episode of her Monthly Segment, she covers:
1. How banking works and how SVB got into this situation.
2. How to get more FDIC Insurance and
3. What to do if you need more than the standard $250k.
Preparing for a Recession?
Check Kristin Afelumo's February 22, 2023 Interview on Tulsa's News On 6 where she shares tips on how you can prepare for a recession.
