HerFinancial GPS

This Veterans Day, we honor the service, sacrifice, and dedication of all who have served in the armed forces. Their courage and commitment have shaped the world we live in today, and we are deeply grateful for their contributions. As we reflect on the sacrifices made, let’s also recognize the strength and resilience of veterans who continue to make a difference in our communities, workplaces, and beyond. Today, and every day, we salute them. Thank you for your service. #VeteransDay #ThankYouVeterans #HonoringService

Choosing a health insurance plan can feel like decoding a secret language! But it’s worth taking the time to understand the options so you can pick the best one for your health and your wallet. Here’s a quick rundown of the common types: - PPO (Preferred Provider Organization): Think of this as the “freedom plan.” You can see any doctor, no referral needed, and you’re covered both in and out of network (though in-network care is cheaper). Flexibility, yes! But it usually comes with a higher monthly premium. - HMO (Health Maintenance Organization): Picture a “stay-close-to-home” plan. With an HMO, you choose a primary care physician (PCP) who coordinates your care and refers you to specialists when needed. Care outside the network isn’t usually covered (except emergencies). Typically, HMOs have lower premiums than PPOs, so they’re budget-friendly. - HSA (Health Savings Account): This is a tax-advantaged savings account paired with a high-deductible health plan (HDHP). Contributions to an HSA reduce your taxable income, and the funds can be used for qualifying medical expenses, rolling over year to year. It's great if you're healthy, like saving on taxes, and want to prepare for future healthcare needs. - FSA (Flexible Spending Account): Similar to an HSA, an FSA lets you set aside pre-tax dollars for medical expenses. The catch? “Use it or lose it”—you need to spend those funds within the year, or they’re gone (some plans allow a small carryover). FSAs aren’t tied to a specific plan, so they can be an add-on benefit. 💡 No employer coverage? Don’t worry—you can shop on the Health Insurance Marketplace. Here, you might qualify for premium tax credits based on your income, making quality coverage much more affordable. 👉 Need help finding the right plan? Get your free quotes and explore Marketplace options right here! https://lnkd.in/guRigH27 Make health insurance work for you this year—because you deserve coverage that fits your life!

Think Twice Before You Pick Up the Phone! In the age of AI, cybersecurity threats are evolving fast. Criminals are now using voice-cloning technology to mimic your voice, tricking your loved ones into scams that feel all too real. My latest blog breaks down how these scams work, what to watch out for and how to protect yourself and your family from these sophisticated AI-driven schemes. Stay one step ahead - learn more about keeping your voice and your loved ones safe! Have you or someone you know experienced a voice-cloning scam? How do you stay vigilant against AI-driven threats? #cybersecruity #AI #VoiceScame #Staysafe

Happy Election Day! Today is the day we get to exercise one of our most important rights – the right to vote! Whether you’re casting your ballot in person or mailing it in, every vote counts and every voice matters. As we head to the polls, let’s take a moment to appreciate the privilege we have to participate in this democratic process. I’m grateful for the opportunity to make my voice heard and to contribute to the future of our community and country. Remember, voting isn’t just about choosing leaders; it’s about shaping the policies and values that will guide us forward. So, let’s make our choices count and encourage others to do the same. And don’t forget to share your “I Voted” stickers and selfies – let’s spread the excitement and inspire others to get out and vote! Thank you to all the volunteers, poll workers, and everyone who makes Election Day possible. Your dedication and hard work ensure that our democracy thrives. Happy voting, everyone! Let’s make this Election Day one to remember! #ElectionDay #Vote2024 #Gratitude #DemocracyInAction

💡 Tax Benefits of Health & Fitness Expenses Every Woman Professional & Business Owner Should Know: Many women professionals and business owners are surprised to learn that health and wellness expenses can actually lead to tax savings. Here’s what you need to know to leverage those benefits and stay financially savvy: 1. Health Savings Accounts (HSAs) If you have a high-deductible health plan, HSAs offer triple tax benefits: contributions are tax-deductible, funds grow tax-free, and withdrawals for qualified medical expenses are also tax-free. Fitness-related expenses typically don’t qualify, but specific preventative care, physical therapy, and mental health services may be eligible. You may be surprised at some of the items that qualify as medical expenses - think feminine hygiene products and breast pumps. 2. Flexible Spending Accounts (FSAs) FSAs allow you to set aside pre-tax dollars for certain healthcare expenses. While gym memberships don’t usually qualify, related items like physical therapy and some medical equipment do. Keeping these expenses organized can mean meaningful tax savings at the end of the year. 3. On-Premise Gym for Tax Savings & Employee Wellness If you own a business, offering an on-premise gym as a workplace wellness benefit could be a win-win. Not only do employees benefit, but as the employer, you can write off costs related to wellness programs like fitness classes or equipment as a business expense. Plus, healthier employees mean reduced absenteeism and increased productivity. 4. Preventative Care and Mental Health Expenses Many preventative services, from mental health support to certain nutrition consultations (treats a specific disease diagnosed by a physician), are eligible as medical expenses. Business owners can build tax-deductible wellness benefits into their compensation packages, which can be especially appealing in industries with high stress. Empowering Yourself with Health & Financial Wellness Taking charge of your health can positively impact your career and your business. And when you know how to manage these expenses to get tax benefits, you’re taking charge of your financial wellness, too!

Let’s talk 2025 Business Planning! As we approach the end of the year, it’s time to get intentional about our 2025 game plan. Here’s what we’re excited to focus on as we set the stage for a year of growth and meaningful impact: 📅 Educational Workshops – We’re all about creating value, and we believe learning should be accessible and fun! Our goal next year is to host workshops packed with actionable insights to empower clients and peers alike. Stay tuned for topics covering everything from finance fundamentals to advanced strategies! 🏆 Quarterly Value-Adds – Each quarter, we’ll be rolling out value-packed resources that keep clients informed and inspired. Whether it’s new tools, fresh perspectives, or timely updates, we’re committed to helping our clients stay a step ahead. 🎈 Fun, Community-Focused Events – Business planning shouldn’t be all work and no play! We’re planning to host events that bring our community together. Picture this: client appreciation events, networking mixers, and a little bit of friendly competition – because who doesn’t love a good bag toss tournament? 🤝 Client-Centric Service – Our clients are at the heart of everything we do, and we’re committed to delivering top-notch service, support, and expertise. Next year, we’re refining our approach to make sure each client experience is as smooth and personalized as possible. 2025 is all about purpose-driven growth, connecting with our community, and continuing to raise the bar in everything we do. We’re excited, and we’re ready to make next year our best yet! How are you prepping for 2025? Share your goals, and let’s make it a fantastic year together! 🎉

Happy Halloween! Let’s get spooky! Today’s the one day a year we can ditch the spreadsheets, leave the emails unread, and just embrace the fun! Whether you're a master of costumes or a candy connoisseur, Halloween has something for everyone. 🧛♂️ Costume Warriors: What are we dressing up as this year? Last-minute costumes are the real MVPs (shoutout to all the folks pulling off “business casual zombie” and “conference call vampire” looks today!). 🍬 Candy Critics: Let’s settle the age-old debate: What’s the best Halloween candy? Are you team Reese’s or Skittles? 🎬 Movie Buffs: Whether you’re watching horror classics or going for something a little less terrifying (looking at you, Hocus Pocus fans), there’s no better night for a movie marathon with a big bowl of popcorn. 👻 Office Pranksters: To the coworkers turning their cubicles into haunted houses or sneaking fake spiders into desk drawers – we see you, and we applaud you. Here’s to a day filled with fun, laughter, and maybe a few harmless scares. Enjoy the festivities! Drop your costume ideas, favorite candies, or spooky plans below. Let’s make this Halloween legendary!

Ready to create a boo-tiful financial future with your partner? In our latest blog post, How Married Couples Can Combine Investment Strategies for a Boo-tiful Financial Future, we’re sharing some hauntingly helpful tips for couples to consider! Here are a few of the tricks (and treats) we’re covering: - 🧟♂️ Avoid "zombie accounts" by consolidating - 👹 Don't let risk be your boogeyman—balance it together - 🎃 Don’t be haunted by taxes—plan smartly as a duo - - Dodge spooky fees lurking in the financial graveyard - 👻 And remember, not all ghoul goals are the same! Want more financial insights? Follow us here on LinkedIn for regular tips and advice to keep your finances from getting spooked!

Open Enrollment Alert! It’s open enrollment season—the perfect time to dig into the financial side of your benefits and make sure you’re making the most of them. Here’s a breakdown of key areas to focus on: 1️⃣ Retirement Accounts: Employer-sponsored retirement accounts (401(k), 403(b), etc.) offer tax-deferred growth—meaning you can grow your investments while lowering your taxable income now. If you can, aim to maximize any employer match—it’s essentially “free money”! Then, consider how this account fits with any individual retirement accounts (IRA, Roth IRA) to create a diversified, tax-efficient retirement plan. 2️⃣ Health Savings Accounts (HSA): HSAs are triple-tax-advantaged: contributions, growth, and withdrawals for qualified medical expenses are all tax-free. It’s available with high-deductible health plans and can be a powerful tool for both short-term medical costs and long-term savings. And remember, these funds are your own - they roll over each year—think of it as a unique tax-free investment account! 3️⃣ Flexible Spending Accounts (FSA): FSAs allow you to set aside pre-tax dollars for medical and dependent care expenses, reducing your taxable income. However, they’re “use it or lose it,” so plan contributions carefully. FSAs don’t offer the same rollover flexibility as HSAs, so keep future expenses in mind. 4️⃣ Health Insurance: Choosing the right plan isn’t just about coverage; it’s also about cost. Higher-deductible plans can offer lower monthly premiums and HSA eligibility, while traditional plans might offer lower out-of-pocket costs. Weigh your options based on your healthcare needs and financial strategy. 5️⃣ Disability Insurance: Disability insurance replaces income if you’re unable to work due to illness or injury. Group disability coverage through work is often less expensive but is usually taxable if paid with pre-tax dollars. Individual policies may offer better, customizable coverage and are generally tax-free since they’re paid with after-tax dollars. Think about what fits your needs best. 6️⃣ Life Insurance: Group life insurance can be an affordable way to get basic coverage through your employer, but it may not offer enough protection if you have significant financial obligations or dependents. An individual policy allows for more flexibility and portability if you change jobs (and it is sometimes cheaper!). Balancing group and individual policies can help you build comprehensive coverage that fits your long-term plan. Your benefits are a valuable part of your financial health. If you’re interested in reviewing them and coordinating with your personal financial plan, let’s connect! Together, we can make sure you’re maximizing every benefit available to you this year. #OpenEnrollment #FinancialWellness #MaximizeYourBenefits

Starting the week with a grateful heart for a weekend filled with family time and great conversation. This weekend, I made it a point to slow down, set the to-do lists aside, and truly be present with family. We spent time catching up, laughing, and just enjoying each other’s company. No agenda—just good conversation and the joy of being together. It was a reminder that meaningful connections with those we love are powerful fuel for the week ahead. Here’s what I’m taking into this week: 1️⃣ Presence over productivity: Sometimes we’re so focused on achieving that we forget to simply be. But real connection happens when we’re fully present, without distractions. 2️⃣ The power of conversation: Talking about our dreams, struggles, and little joys can open our minds and hearts, inspire fresh ideas, and even change our perspective. 3️⃣ Priorities: While work will always be there, these moments with loved ones are irreplaceable. Making time for them brings balance and reminds us what’s truly important. As we dive into a new week, maybe take a moment to check in with those who lift you up and remind you why you do what you do. 😊 Wishing everyone a productive and fulfilling week! #MondayMotivation #FamilyFirst #MeaningfulConnections #WorkLifeBalance #NewWeekNewGoals