Kid in College + Parent Career Change = The Perfect Storm?

If you’re thinking about changing careers or have recently made the leap, chances are you may experience a temporary — or even permanent — cut in pay with that change. And what if your child just happens to be getting set to make his own leap – to college? According to Todd Weaver, Senior Associate at [...]

Poster Child for Career Change Financial Planning featured in Kiplingers article

This story, How to Erase $70K in Debt by Lisa Gerstner, touches on an important point when you’re planning ahead for a change in your career: Identifying a goal can help ease the pain when it comes to making  the necessary sacrifices. In this case, the couple wanted to start a family but felt they [...]

Relo plans? Salary.com Cost-of-Living calculator a big help @MySalary

If you’re Beta testing a career change that involves relocation, use the Cost-of-Living Wizard on Salary.com to help you estimate the impact on your financial plan. Just plug in your current salary, current work and home locations, and the new locations, to see usable stats on how much you’ll have to earn to maintain your standard of living [...]

Find the $ to change careers: 8 tips from career expert Randi Bussin & me

Dreaming of reinventing your professional self?  Does that dream include a cut in pay?  Yeah, right!  But, for many, it may be the reality, at least temporarily.   So how do you make your dream career happen anyway?? Career expert Randi Bussin and I teamed up on this article to provide some answers to just that question.  The [...]

Freedom’s just another word for… self-employed? @helaineiris weighs in

Guest blogger Helaine Iris, a professional Life and Business coach, helps overwhelmed small business owners take control of their time and finances so they can double their revenues with less stress. Featured in numerous publications, including “O” The Oprah Magazine, Helaine’s dynamic personal coaching style helps entrepreneurs accelerate their businesses with tools that empower, build financial [...]

Starting a business? Self-employed? Good article on impact of health care reform

Already a major challenge for career changers — especially the self-employed and other small business owners — health care just became even more of a wildcard with the recent passage of the new reform bill.  The news is not all bad, just new, and that means it may take a bit of extra effort to understand [...]

COBRA premium subsidy question? New *very* detailed FAQ from DOL

There have been several modifications to the COBRA premium subsidy program since it was enacted as part of the stimulus package about a year ago, so a person could certainly be forgiven for not being 100% clear about his or her eligibility.  Yet there are so many dollars at stake, it’s critically important for those who [...]

Quoted in “The Money Book for Freelancers, Part-Timers, and the Self-Employed”, 1 of “5 Money Books Worth Every Penny” per MSN’s Liz Pulliam Weston

The Money Book for Freelancers, Part-Timers, and the Self-Employed, by Joseph D’Agnese and Denise Kiernan, has hit the bookshelves!  I’m excited about this for several reasons… First, readers of the blog have probably heard me say it before: I believe that people need to adopt entirely different money management strategies in order to be successful when [...]

“Recovering from Unemployment”? @JeanKeener weighs in

Looking for more ideas on this blog’s last topic??  For another take on getting back on track post-unemployment, check out this article by my fellow Garrett Planning Network member Jean Keener.  She points out that if you maintain your lower level of spending once the paychecks start rolling in, you could very well be in a better place than you [...]

Recently reemployed? Great! Now’s the time to prep for next time…

Congratulations! If you’re one of the many rejoining the workforce after a period of unemployment, definitely take a moment to celebrate and appreciate what not so long ago we used to take for granted: a full-time job.  OK, but no rest for the weary…  Now it’s time to get serious and take advantage of your [...]