Fearless Finance

Nice to meet you! We're Fearless Finance. Our mission is money happiness for absolutely everyone.

[Fearless Finance @FearlessFinance]

Financial planning needs to operate within these contexts! It’s why “one size fits all” fails to meet the needs of so many.

[Fearless Finance @FearlessFinance]

@engineering_bae @thaddeuswalsh Oh that seems like cruel and unusual punishment… 😭

[Fearless Finance @FearlessFinance]

Don't follow the crowds - build a long-term financial plan! Need help? Talk to a fee-only fiduciary financial planner.

#fearlessfinance #retirementplanning #familyfinance #financialadvisor #financialplan #personalfinances #moneyadvice #financialplanner #wealthbuilding

[Fearless Finance @FearlessFinance]

We see clients all the time who are DEFINITELY paying too much for car insurance and never realized it! Best practice is to get some quotes from other insurance providers every few years. You could save a significant amount of money!

#fearlessfinance #carinsurance

[Fearless Finance @FearlessFinance]

We love a good investment pun! I mean, what did you expect? We're a bunch of finance nerds! 🤷🏿‍♀️

Happy Friday!

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[Fearless Finance @FearlessFinance]

Traditional relationships, come with a framework for how money is handled. In non-traditional relationships, that lack of framework can feel daunting, but frees partners to create their own framework that plays to each person's strengths.

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[Fearless Finance @FearlessFinance]

Our founder, Lori Atwood, saw the need for people to have access to fiduciary financial advice without being worried about being sold products or whether they have enough assets to get the attention of a traditional financial planner.

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[Fearless Finance @FearlessFinance]

We talked about obsessive savers. You may find it hard to part with your money even if you have enough to last you through retirement AND leave your kids an inheritance. How to address this? Reframe! Think about what you want your money to DO for you.

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[Fearless Finance @FearlessFinance]

An important financial planning aspect for LGBTQ+ individuals to consider is family planning. Do you want to have children? IVF, surrogacy, adoption, etc. can all cost a significant amount of money - $30-100k or more. It's worth planning for that ahead.

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[Fearless Finance @FearlessFinance]

Happy Pride Month! Do you have financial questions but have been too nervous to ask? At Fearless Finance, we're proud to provide an inclusive and supportive financial planning space for EVERYONE, including traditionally underserved communities.

#fearlessfinance #lgbtq

[Fearless Finance @FearlessFinance]

You can cash I Bonds out early. You must hold them at least 1 year. If you cash them out before 5 years, you forfeit 3 months of interest). The interest rate is tied to inflation. It's updated every 6 months. As inflation slows, the interest rate decreases.

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[Fearless Finance @FearlessFinance]

In the past, you could find HYSAs that paid 2% or even 3% interest on your savings. Lately, it's tough to find one with better than 0.5% interest. That's 10x the usual interest rate on bank accounts, and 100% more than the ones that offer no interest at all.

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[Fearless Finance @FearlessFinance]

We got this lovely feedback from Laura R., who is a client of Fearless Planner Kimberly Weihbrecht!

This testimonial does not guarantee of future performance success.

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[Fearless Finance @FearlessFinance]

Whether you can leave work "early" or not, check your retirement contributions to see if you're on track to one day leave work forever. Financial situations vary, but the general rule of thumb is to try and save 15% of your income each year for retirement.

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[Fearless Finance @FearlessFinance]

If you or your spouse accumulated debt prior to marriage, this is typically considered individual debt. If either of you accumulate debt after marriage and you live in a "community property" state, it's seen as a joint responsibility!

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[Fearless Finance @FearlessFinance]

It's not normal to hide financial issues from your spouse. Even keeping your finances separate, debt accumulated could be considered joint. It's important to be honest with your spouse. You're a team and will feel better tackling financial problems together.

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[Fearless Finance @FearlessFinance]

If you're not paying, you might be the product! Free dinners selling mutual funds or annuities, insurance salesmen who are in it for commissions. The advice might be free, but it might also not be in your best interest. Be skeptical.

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[Fearless Finance @FearlessFinance]

The Department of Education extended its interest-free forbearance period 'til Aug 31st. 1) Keep paying! Get rid of principal faster when interest is at 0%. 2) Pay down higher interest debt! 3) Build your Emergency Fund 4) Save for other goals.

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[Fearless Finance @FearlessFinance]

Throwback Post! Remember the Gamestop Craze of 2021? They've been in the news again lately. Friendly reminder that you're investing for long-term goals - the process SHOULD be boring! And as for your short-term money, you don't want it in the market at all.

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[Fearless Finance @FearlessFinance]

You may be thinking about where to go on vacation this summer. If you already have a vacation fund, that makes your budgeting task easy - look at how much you have, how much you expect to save until the trip, and plan accordingly.

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