This post was originally published on Beyond Your Hammock

Most of my clients are in their 30s and 40s, and many of them are either starting families or adding to them.

Many of these soon-to-be parents ask me, “how much do we need to save before having a baby? What should we have in the bank before we start thinking about having kids?”

It’s smart to think of this, and in general, it’s wise to do some financial planning so you can feel confident that:

This article was originally written for & published on Business Insider.

Interested in starting your own business? You’re not alone. Applications for business formations have exploded since the fall of 2020, according to Census Bureau data.

I’m certainly biased toward entrepreneurship. It’s the path I chose for myself and found far greater success with than I believe I could have achieved in a more traditional employee role.

But that doesn’t mean starting a business is for everyone, or that if you choose to make the leap, you can skip over the planning phase. …

This article was originally written for and published on Forbes

As a financial advisor and owner of an independent financial planning firm in Boston that specializes in helping 30- and 40-somethings with wealth management, I’ve had thousands of conversations with up-and-coming professionals about their money.

A lot of those conversations focus on how to manage their challenges and maximize their financial opportunities — which include leveraging strong incomes to build significant assets.

But some of the conversations I have with people are about how they can undo some of the serious missteps they made before they reached out to a…

This post was originally published on our blog at Beyond Your Hammock

For most people, the phrase “trust fund baby” does not come with positive associations.

It’s a description that conjures images of spoiled children that may grow up to be dilettantes as adults; of people that seem divorced from the reality of working for a living or being financially responsible for their own futures.

But setting up a trust fund for kids can actually be a useful — even essential — financial planning tool for more families than our preconceived notions about trusts might lead us to believe.


We originally published this piece on Beyond Your Hammock

A lot of general money advice focuses on the fundamentals; there’s no shortage of tips out there that promise to teach you how to save, budget, spend less, and maybe even make more.

This advice is important, and shouldn’t be dismissed. You can’t reach major success without mastering the basics (and in fact, more than a few financially successfully people could still benefit from a review of the 101 level of financial education from time to time!).

But at some point, you need more. Basic tips can get you started in…

This post was originally written for and published on Forbes

When you first learn to manage your money, you will likely feel like you are drowning in a sea of strict rules to follow: Pay off your debt, create a budget, live within your means, save more, start investing… the list goes on.

The nice thing about being in this stage, however, is that it’s pretty easy to find objectively correct answers to the questions you likely have at this point.

There’s one specific answer if you ask “what is a Roth IRA and what are the income limits if…

This article was originally written for and published on Business Insider

Given the fact that my financial planning firm specializes in working with professionals in their 30s and 40s, buying a home is one of the most popular financial goals clients bring to their relationship with an advisor.

Whether a couple wants to buy their first home together, or an established family wants to purchase a new (and bigger) house with room to grow, determining how to fit this major transaction into their financial plan is a common part of our process.

And the number-one question clients ask when they…

This piece was originally published on Beyond Your Hammock

Personal finance doesn’t need to be overly complicated. Yes, the complexity in your financial life will increase as you build assets and grow wealth — but don’t confuse complex for overly elaborate and impossible to understand.

At the end of the day, most of what it takes to reach (and maintain) financial success comes down to some fairly simple principles.

When it comes to knowing how to better manage money, in fact, you only need two rules of thumb to keep you on track.

Following these guidelines will help you keep…

This piece was originally written for and published on Kiplinger.

As a financial planner, it’s my job to answer financial questions. From clients to speaking engagements to educational workshops, people ask me a range of questions about personal finance and the best moves to make with their money every single day.

Even though everyone’s financial situation is unique, and people bring different goals, priorities and values to the table (which influences the context of the questions), I do find that there are a few queries that come up over and over.

These questions are common across a broad range of…

This post was originally published on Beyond Your Hammock

Too often, we equate being conservative or risk-averse with missing opportunities, or missing chances to grow wealth.

While there is such a thing as being too hesitant or too cautious, there’s a good reason to lean toward less risk when doing long-term planning.

Even if you feel highly comfortable with risk or actively seek it out, there’s a difference between calculated risks you can afford to take and those you can’t bounce back from.

Good planning is centered around understanding how to build a bulletproof balance sheet.

What Does It Mean to Create a Bulletproof Balance Sheet?

A bulletproof balance sheet…

Eric Roberge

#FinancialPlanner helping 30 & 40-somethings build #wealth & think differently about #money • Top #FinancialAdvisor in #Boston •

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