This Map Reveals How Much Money You Need to Save to Retire by 35 in Every State


What You Need Saved to Retire By 35

Alabama: $1,546,362
Alaska: $2,252,234
Arizona: $1,689,607
Arkansas: $1,527,377
California: $2,367,866
Colorado: $1,851,837
Connecticut: $2,295,381
Delaware: $1,806,965
Florida: $1,710,317
Georgia: $1,580,879
Hawaii: $3,260,131
Idaho: $1,622,299
Illinois: $1,651,638
Indiana: $1,553,265
Iowa: $1,579,153
Kansas: $1,551,539
Kentucky: $1,639,558
Louisiana: $1,606,766
Maine: $2,000,260
Maryland: $2,231,524
Massachusetts: $2,229,798
Michigan: $1,556,717
Minnesota: $1,781,077
Mississippi: $1,491,134
Missouri: $1,529,103
Montana: $1,827,675
Nebraska: $1,636,106
Nevada: $1,877,725
New Hampshire: $1,839,756
New Jersey: $2,110,715
New Mexico: $1,579,153
New York: $2,312,639
North Carolina: $1,630,928
North Dakota: $1,718,947
Ohio: $1,605,041
Oklahoma: $1,503,215
Oregon: $2,233,250
Pennsylvania: $1,698,236
Rhode Island: $2,084,827
South Carolina: $1,687,881
South Dakota: $1,691,333
Tennessee: $1,542,910
Texas: $1,577,427
Utah: $1,725,850
Vermont: $2,022,696
Virginia: $1,744,834
Washington: $1,886,354
West Virginia: $1,596,411
Wisconsin: $1,670,623
Wyoming: $1,537,732

Nearly Half of Americans 55 and Over Are Making This Huge Financial Planning Mistake

When we think about financial planning, we tend to focus on things like building our IRAs or 401(k)s, paying off our mortgages in time for retirement, and socking away enough money to send our children to college. But there’s one critical move that a large number of older Americans have yet to make: creating a will.

Almost half of Americans ages 55 and older don’t have a will, according to a study by Merrill Lynch and Age Wave, despite the widely held belief that it’s best to have one prior to age 50. If you’re missing a will, it’s crucial that you carve out some time to get that key document taken care of — before something tragic happens and your heirs are left in the lurch.

IMAGE SOURCE: GETTY IMAGES.

Stop making excuses

Creating a will might be among the most uncomfortable things you’ll ever have to do in your life. But putting it off won’t spare you the unpleasantness of having to contemplate your own mortality. The only thing it will do is put your family in a tough position if something does happen to you and you don’t have that document in place.

Another reason people tend to put off wills is that they don’t want to make their children uncomfortable by looping them into the process. Not only that, but grown children are often reluctant to take part in estate-planning conversations. Still, those discussions are important to have, especially if you’re looking at a fairly large pool of assets that will need to be divvied up appropriately once you pass on.

Spare your children the stress

Having a will isn’t something that only wealthy people do. If you have any assets you expect to leave behind, whether it be cash, investments, or a home, then you’ll need to spell out what you want done with those assets once you’re no longer around.

If you don’t have a will, you won’t get a say in how your assets are distributed; rather, the laws of the state you reside in will dictate how your investments and belongings are disbursed after your passing. In that case, you run the risk that your assets won’t go to the people you want them to.

Furthermore, if you pass at a time when your children are still minors, you won’t have a say in their care unless you’ve designated a guardian in a will. And that’s a risk you absolutely can’t afford to take.

Get your affairs in order

Creating a will is a fairly simple process, provided your estate isn’t particularly complex. There’s software out there you can use to create a will by yourself, but in many cases, you’re better off enlisting the help of an estate-planning attorney to draft your will for you. You might pay just a few hundred dollars to have that document created (assuming you’re getting a basic will), and if you have a legal plan through work, will creation might be a covered service that costs you nothing extra out of pocket.

Once you have that will, store it in a safe place. That doesn’t mean putting it in a shoebox under your bed. Rather, invest in a fireproof safe and store it there — but make sure to give your children or loved ones the combination so they’re able to access your will in the event that they need to.

You’ll often hear that the best place to store a will is your safe deposit box at your local bank, and that’s true, provided your children or other trusted people in your life are given access to it. But if you’re the sole account holder on that safe deposit box, your loved ones might need to jump through some legal hoops to get into it.

Furthermore, if you use a lawyer to create a will, he or she should keep a copy of it on record as well. In fact, that’s another benefit to having an attorney create your will rather than going it alone.

Creating a will can be an unpleasant process — but it’s one you shouldn’t put off. Having that document in place will give you peace of mind knowing that your wishes will be carried out as you desire, and that’s reason enough to stop procrastinating and just get it over with.

Why this New York Jets linebacker wants to help Penn undergrads manage their money

“It was a huge distraction on the field,” the 27-year-old told undergraduate students packed into a room at McNeil Hall on the University of Pennsylvania campus, just off Locust Walk. “I was sitting in meetings with the coach, supposed to be going over plays. But instead I was checking my phone, I was constantly running out of the room,” said Copeland, dressed sharply in a suit jacket and suede sneakers and sporting a behind-the-scenes, you-are-there grin.

How to save money with personal finance apps, debt hacks, and more

Put down the latte and listen up: If you’re like the millions of Americans living paycheck to paycheck, saving money needs to be on the top of your to-do list. Like, stat. 

Understanding personal finance can be intimidating. You know how much money you make and you’re trying to save a little bit here and there, but the reality of mounting student loan bills and other living expenses can weigh heavily on millennials — which is why it’s difficult to think of the bigger picture.

Listen: a personal finance app (or two or three) can be your best friend in terms of getting smarter about how you save — and spend — your money. (We recommending starting with YNAB, but more on that later.)

Believe it or not, about 66% of people between the ages of 21 and 32 have nothing saved for retirement, according to a survey by the National Institute on Retirement Security. It’s no wonder that millennials are finding it difficult to buy a house

Although retirement is still a very long way off for this generation, it’s important to be mindful of the future so you can find a clear path towards financial freedom for the end of your career, a vacation, or even an unexpected expense or accident. 

The basics of personal finance and savings might be lost on some people who feel that it’s near-impossible to save when most of their money is gone within days of getting a paycheck. The cycle begins again and you just feel stuck trying to keep your head above water. However, financial freedom is very reachable through careful money management, budgeting, expense tracking, and getting smart about saving, investing, and building credit.

The good news is that it’s never too late — or too early — to get smarter about your finances. After all, the tools you need to help you along your financial journey just might be in your pocket. 

Here’s a step-by-step guide to saving money by using smartphone finance apps and other clever hacks:

1. Create a budget

Knowing how much money you make is not the same as spending it wisely. 

Staying organized is key to your financial freedom and budgeting apps like Mint and YNAB can help you create a budget and stay within your means every month. Mint is a free app (that’s a very important word) that you can customize and tweak to fit your income and help you set your financial goals down to the penny.

If you’re still unclear on how much you should save every month, Mint can also set your budget based on your income. It can create limits and categories on your spending habits, which you can override at anytime, while the app can connect you to your bank accounts, credit cards, and lenders to give you a full picture of your finances.

Meanwhile, YNAB, which stands for You Need a Budget, takes your monthly spending and expenses to the next level with an in-depth look at every dollar in your bank account. In fact, one of the rules for YNAB is every dollar needs a purpose, so you know it’s serious about budgets and making sure you stay on track instead of “winging it” from month-to-month. 

With YNAB, you define what’s important to you and how to achieve your goals with good financial spending and saving. The app keeps you on track to use your money on the important things in life like rent, food, medical expenses, and more. It can even account for any unexpected expenses and emergencies without putting a strain on the other things going on in your life.

YNAB has a 34-day free trial available, but afterwards it’s $6.99/a month. 

2. Track your spending and expenses

Now that you have a realistic and workable budget, you have to stick to it. Smartphone apps like Quicken can take your path to financial freedom to the next level. Quicken can track all of your spending habits by just taking a photo of your receipts, which automatically puts your spending into categories, dates everything, and tracks the amounts deducted from your balance with your approval.  

In fact, Quicken is probably the most in-depth of all the financial apps on this list because it’s so feature rich. The app can track and record your expenses and investments, create easy-to-read spending reports, and can pay your bills online. Once you sync the app to your bank account, you can even transfer funds from one account to another with the desktop version of the app. It can even predict and forecast your cashflow for the upcoming month, so you can get a better idea of all of your finances.

One of the best things about the app is that it’s completely searchable. You can search through all of your spending habits, expenses, and reports to get easy access of your personal finances. The Quicken app is also easy to understand and use with a very intuitive interface that even works offline when you don’t have a data connection.

In addition, the app sends you notifications and alerts when your bank balance is getting low and if you’re over-budget for the month, so you don’t over spend. Think of the Quicken app as your personal accountant inside of your pocket that you don’t have to feed or clothe. 

The Quicken app works with Android and iOS mobile devices and it’s free with the purchase of any Quicken product. 

3. Manage your debt

According to ValuePenguin, over 44 million millennials are in crippling debt upwards of $33,000 — mostly from student loans from financial institutions. In fact, most millennials are putting off “life milestones” like starting a family and homeownership because their massive debt is in the way, while some are forced to move back home with their parents just to stay above water. Getting out of debt is not an easy feat, but if you have the right tools and a little bit of optimism, you could be debt-free sooner than you think.

Smartphone apps like Debt Payoff Planner can help ease your burden with a bird’s eye view of how much money you owe, along with reasonable step-by-step methods and techniques to get out of debt faster. The app can track your debt payments and give you a time frame to financial freedom. This means you can track your progress and feel better about your money situation with a real game plan. The best part about this app is that it’s completely free.

Another good idea? Transfer your debt to a credit card with a 0% APR introductory period and get aggressive with those payments. That way, you won’t be paying any interest and you can pay down the debt faster than if you were just making the minimum payment every month. 

The BankAmericard® credit card by Bank of America offers a 0% introductory APR period on both balance transfers and purchases for 18 billing cycles, after which a variable 15.24% to 25.24% APR will apply based on your creditworthiness. The BankAmericard® credit card has a $10 or 3% (whichever is greater) transfer fee and no annual fee. 

4. Get smart about saving money

“A penny saved is a penny earned.” This phrase is commonly attributed to Benjamin Franklin, who is believe to have *coined* it during the 18th century. If Mr. Franklin were around today, he’d probably enjoy using a smartphone app like Qapital (pronounced Capital), a fun way to save money by turning it into a game.

Once you download the app, start an account with Qapital and link a bank card with a checking account and begin to set your financial goals. Why are you saving money? Maybe you’re planning a trip to Paris, or want concert tickets for the summer, or are looking to buy a car. After you set your goals, add the amount you want to save. 

Say you want to save $1,200 for a new laptop. Now that you’re all set, you can set up the “rule” for saving. Qapital sets “round to the nearest dollar” as the default, but you can pick and choose how you want to save. If you picked the default, every time you use your bank card, the app rounds the amount to the nearest dollar and adds it to your account automatically. So if you buy something for $5.62, Qapital will take .38 cents from your bank card and add it to your account. You can then transfer your savings into a bank account to start all over again. So you’re saving money without even realizing it.

The app has other “rules” like the “Spend Less Rule,” where you can save the difference if you spend less on one of your favorite expenses and activities, or the “Guilty Pleasure Rule,” where you save money when you do one of your guilty pleasures. You set the goals and the rules, and Qapital helps you save.

Qapital is available for iOS and Android.

5. Start investing — like right now

Now that you’ve managed to save some money, maybe it’s time to invest it and gain some personal capital. If you know next to nothing about investing, Robinhood is a good place to start. This smartphone app gives anyone free access to the stock market. 

For years, buying and trading stocks were only for the wealthy and people in the know. You had to hire a stockbroker who would have to facilitate any purchases and trades on your behalf, while also taking a slice of the pie as commission.

However, Robinhood is a completely free way to enter and get 24/7 access to the stock market game with zero fees and commissions. In addition, Robinhood supports cryptocurrency like Bitcoin, Etherium, Dogecoin, and more. Crypto is supported in 30 states for now, while the app plans to gain support in more locations across the nation. This finance app is a great way to build a solid stock portfolio and net worth, while gaining confidence in investing and using cryptocurrency.

Robinhood is available for iOS and Android.

6. Build your credit

Did you know only 33% of adults ages 18 and 29 have at least one credit card? About two-thirds of millennials don’t have a credit card, according to this survey, and are shy about the proposition of adding more debt on top of their student loan debt.

If you’re afraid of getting deeper into the weeds but you want to build credit, you have to get a credit card to make your credit score soar. (We recommend Credit Cards Explained for more info on this topic.) Once you sign up and are approved, download the Credit Karma app to help you manage your credit. It’s a free app that gives you access to your credit score and credit report, while it can also offer credit monitoring.

Credit Karma can also give you information on how to improve your score, including what factors are contributing to good and bad scores, and what kind of products and services can help you achieve exceptional credit.

Credit Karma is available for iOS and Android.

7. Find a financial coach

Everyone needs some coaching to get them through hard times. Breaking through to financial freedom and happiness could be just an app download away with Joy, a financial coaching and savings app for iPhone. 

Once you create an account, you’re asked to sync your checking account so you can rate your purchases and transactions. If spending money on an item makes you happy, it’s a high value purchase. If it makes you sad, it’s a low value transaction. (It’s basically like the KonMari method of finance.) Joy then tries to make connections between your mood and outlook and how that relates to your spending, which should prompt you to save more money. In fact, Joy is also a bank of sorts because you can open a Joy savings account that’s FDIC (Federal Deposit Insurance Corporation) insured.

In addition, Joy offers savings strategies by tracking your spending, as well as money coaching to help you reach your financial goals — along with a steady stream of articles about finance, happiness, and self care. 

Sorry Android users, Joy is only available for iPhone.

How Yeske Buie groomed new millennial equity owners

Dave Yeske, 61, and Elissa Buie, 58, are planning for the day when their firm can run without them.

Back in 2010, the husband-and-wife co-founders of their eponymous RIA, set out to make themselves “dispensable” to the firm they’d created through the merger of their separate practices two years earlier. The plan was to do so by 2020.

“Being dispensable doesn’t mean we’d be gone, but it does mean that we’d built a firm that could run without us,” Yeske says. Staff turnover during the early years made the objective challenging. “We despaired of achieving anything like our goal by 2020,” he adds.

RIA co-founders Dave Yeske and Elissa Buie in Antartica last month. Three new partners keep the couples eponymous firm running in their absence.

RIA co-founders Dave Yeske and Elissa Buie in Antartica last month. Three new partners keep the couple’s eponymous firm running in their absence.

Today, Yeske Buie, with offices in San Francisco and Vienna, Virginia, is on track to hit that goal. It required solving a conundrum that bedevils many other firms: How to generate enough equity to fund their retirement without being forced to sell to an aggregator or a bank? The couple decided to find and groom the next generation of firm leaders in-house instead.

“We came to the realization that what worked best for us was hiring new college grads out of undergraduate programs and training them in the Yeske Buie way, as opposed to hiring staff with prior work experience in financial planning,” Yeske says.

Two of the firm’s new partners, Yusuf Abugideiri, 32, and Lauren Stansell, 28, are graduates of Virginia Tech’s financial planning program. The third, 27-year-old Lauren Mireles, works in client relationship management and graduated with a business degree from California University of Pennsylvania.

Yeske Buies new millennial partners (left to right) Yusuf Abugideiri, 32, Lauren Stansell, 28, and Lauren Mireles, 27.

Yeske Buie’s new millennial partners (left to right) Yusuf Abugideiri, 32, Lauren Stansell, 28, and Lauren Mireles, 27.

“Our three new owners are young because we hired them young,” he says, “but also because they emerged as a natural leadership team within the firm sooner than we originally thought possible.”

So quickly, in fact, that by 2012 the couple planned a test of sorts: a month-long trip to the Caribbean and Alaska in which they planned to be unplugged the entire time. They left the firm in the hands of their employees, who were all in their early- to mid-twenties at the time.

The team took a year to prepare for what became known as the co-founders’ “Dispensability Tour 2012,” Yeske says.

The vacation was a success. The team reached out to the founders just once on a matter that was quickly resolved.

While Yeskie and Buie still own 94% of their firm, they envision the day, maybe in a decade or so, when their ownership will drop to 50%, and then farther.

To that end, Yeske Buie also has an in-house planning residency program for recent college graduates that is modeled on those in the medical profession. The firm recently hired two graduates of the three-year program for permanent positions. They are not yet partners.

In an interview, the firm’s newest partners expressed no small degree of astonishment at finding themselves at the day-to-day helm of a firm like Yeske Buie.

“We are equity partners at a firm that serves over 250 clients and families and manages around $700 million” in client assets, Abugidieri says. “We lead and manage a team of 15 individuals.”

“Given our respective ages,” he says, contemplating these figures “can be staggering.”

Which is why Abugideiri has no intention of leaving.

“This is it for me,” he says. “It would be the ultimate blessing if working at Yeske Buie could be my first and last job.”

That’s good news for Yeske and Buie, who are reaping the benefits of having worked hard to build a bench of new leaders in whom they feel confident.

“Last August we spent nearly a month in Africa and didn’t feel the need for any special preparation, asking the team if they needed anything from us only days before our departure,” Yeske says. “They didn’t. And everything ran smoothly during our absence. As you might imagine, it felt good.”

The couple now owns an apartment in Cape Town, South Africa, after Buie spoke at a 2007 financial planning conference there. They currently rent the place out, but eventually plan to keep it open for friends and to visit the city more frequently themselves.

“Elissa has already planned at least five vacations for 2019,” Yeske say, adding that it will be some time yet before the pair fully step away from their work as planners.

“We’ll likely be around annoying the young people for many years,” he says.

Dear millennials, time to manage your own money

Imagine your organisation has offered you a project that you have been dreaming about. Would you ask your parents to do the project for you? In another situation, say you want to go on a holiday with your friends. Would you ask your parents to decide on the location, date and the things that you would want to do on the trip? Or say you want to go out for dinner with your friend. Would you ask your parents to select the food that your friend and you would eat?

The answer to all these questions, in all likelihood, will be no. But when it comes to finances, most individuals get cold feet and assign the job to their parents.

In the past, I have met multiple sports personalities, Bollywood celebrities, salaried individuals and even children of the richest 1% in the country who completely rely on their parents for money management and financial planning.

Money is one of the most sensitive topics to discuss with family members. I am not against the concept of parents managing your money. If your parents are extremely financial savvy and understand the nuances of money management, you should seek help from them.

But at the same time, it is important for you to be involved in the decision making process. If not earlier, at least from the time you start earning, money forms a key part of your life.

Your expenses, savings and investments together have an impact on your overall lifestyle. Just like you know which cuisine to try and which music to listen to, you should also know which fund to invest in and how to build your own investment portfolio.

To begin with, start taking interest in money management. The way you know that you have to go to the gym regularly and eat well to build your muscles, you need to similarly give time for your finances. You can start small, by collecting information about finances.

Next, start buying insurance for protection. You need to have adequate health insurance and in case you have dependents, a term cover.

Once you have protection, you need to build an emergency fund to take care of unforeseen circumstance such as job loss or any medical needs.

As a thumb rule, six-month expenses as emergency fund is good to begin with. Once you have put in place your emergency fund, you can start building your kitty to fulfil your financial goals such as retirement, child’s education and travel.

For this, you can diversify your portfolio by investing in different instruments such as equity through mutual funds, fixed income instruments such as Public Provident Fund (PPF), bonds and fixed deposits.

You can also diversify a portion in physical asset, if you like to have it in your portfolio. Once you have this structure in place, you will be more confident about your money.

However, a lot of people only focus on building the money or consider their job done once they get the income and leave the money management work to their parents.

Parents who are not financially savvy may end up taking not-so-wise decision, making the income earned not grow for you.

Even if they know how to manage the money, it is important that you too have a grip on money management. It is not cool to be daddy’s little girls and boys when it comes to money management.

5 Unique Ways to Save Money This 2019

Saving money is an easy thing to do – if you can find the will to press on. For many people, saving money is an arms race. It shouldn’t be like that! A savings journey is a marathon wherein you need to bide your time and continue saving even if you feel bored. To keep things interesting, you may need new ideas.

Here are some unique ways to help you save money:

Set Achievement Milestones

Achievements are some of the quick ways to measure someone’s success. People think that achievements are only tied down to academic and professional career paths. They are somehow right, but the achievement system can be used for many areas – like saving money.

To create a personalized achievement system, you need to set the conditions. For example: if you’ve saved a certain amount this month, you gain a merit. Collect enough merits and you can treat yourself to a nice reward. You will notice that this system is more effective with an accountability partner. After all, it’s convenient to have someone remind you about your recent savings journey.

Don’t put unrealistic amounts in your achievement system. As much as possible, connect the milestones to your current cash flow. As your earnings increase, you can then put up new milestones.

Make Custom Money Jars

Human beings love to categorize stuff. Whether it’s all about heavy equipment or fun snacks for the day, categorization led to different creative ideas. Who would’ve thought that categorization can make saving more interesting than ever?

If you love tinkering with stuff, you should try making custom money jars. They work in a simple manner: you need to fill the personalized jars with varying amounts of money. One jar might contain only hundreds, while another can be set aside for coins. Another different way is to label the jars with specific events and moments in your life. This will keep you inspired to save money as often as possible. If you owe a loan from a licensed moneylender SG like Cash Mart, you can also make a separate jar towards repayment.

Of course you are not limited to jars! You can try different boxes or containers. As long as you can save money, the purpose is intact.

Collect Specific Bills Strictly

To amp your savings habit by a moderate notch, you can try the “specific bills challenge.” Just keep in mind that this challenge might cause a drastic change to your spending habits. It’ll take time to adjust, so don’t be too hard on yourself!

The specific bills challenge is, as its name goes, about collecting specific bills. You begin by setting the rules of the challenge and naming the bills to be collected. If you value hundreds, then you must save hundreds whenever you can. You may need to forego that order of Caramel Macchiato or Blueberry Cheesecake to save the recent hundred bill in your hand. Doing this challenge requires a deep sense of discipline.

Your personal journal can be quite handy with this challenge. List down the bills that you’ve collected for the week, and create a personal tally board. Your brain will love seeing the numbers go up! And of course, your savings account will love the effort as well.

Be a Discount Hunter

Contrary to what people think, it’s not embarrassing to hunt for discounts. In fact, it may be one of the wisest financial strategies that you can do. So if you want to save money consistently, you need to wear a cape and become a professional discount hunter.

To become a discount hunter, you have to take note of details like the offers of various merchants in your location. Avail these discounts whenever possible, and don’t forget about them. You should also learn how to haggle like a real pro. Grocery rebates and coupons can help to a certain degree. Just be wary of some discounts because you might end up spending more money down the road.

Your discounts will be like a trickle first, and the amounts that you can save are variable. Just stick to the habit – you’ll be rewarded soon enough.

Do a Cumulative Savings Challenge

Just like the specific bills challenge, the cumulative savings challenge remains grounded on strict rules. This challenge might be a bit difficult to maintain, but its flexibility is innate. If you’re having a hard time maintaining the cumulative savings challenge, you can stretch the duration or change the rules entirely.

A cumulative savings challenge is all about increasing your numbers periodically. You can set a specific amount for one week, and double it for the next week. As the weeks go by, the law of compound interest will kick in and you might end up rolling in wads of cash. There are many factors that can affect the success of this challenge. First, your debts might hamper the speed of money accumulation. Of course you have to prioritize your repayment plan with your lender for fast payday loans in Singapore. Second, your spending habits need to change. Some things can be sacrificed, while others must be prioritized. It’s all about balance.

Once you are successful with this challenge, you can repeat it as much as you want. Take note of your little victories and be proud of yourself!

Conclusion

Who said saving money is a boring ordeal? By applying the strategies mentioned above, you will have fun while saving manageable amounts at every instance. It might be difficult at first and you might even be tempted to give up. As much as possible, you should do your best to tread on. Sooner or later, your savings account will grow remarkably!

Sensible Financial Planning & Management LLC. Sells 1,279 Shares of Vanguard S&P 500 ETF (VOO)

Sensible Financial Planning Management LLC. trimmed its position in Vanguard SP 500 ETF (NYSEARCA:VOO) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,583 shares of the company’s stock after selling 1,279 shares during the quarter. Vanguard SP 500 ETF comprises about 6.3% of Sensible Financial Planning Management LLC.’s investment portfolio, making the stock its 4th biggest position. Sensible Financial Planning Management LLC.’s holdings in Vanguard SP 500 ETF were worth $13,003,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Argent Trust Co grew its position in Vanguard SP 500 ETF by 80.0% in the fourth quarter. Argent Trust Co now owns 44,310 shares of the company’s stock worth $10,183,000 after acquiring an additional 19,692 shares in the last quarter. Cerity Partners LLC grew its position in Vanguard SP 500 ETF by 66.5% in the fourth quarter. Cerity Partners LLC now owns 25,022 shares of the company’s stock worth $5,750,000 after acquiring an additional 9,993 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in Vanguard SP 500 ETF in the fourth quarter worth about $516,000. Homrich Berg grew its position in Vanguard SP 500 ETF by 12.3% in the fourth quarter. Homrich Berg now owns 8,621 shares of the company’s stock worth $1,981,000 after acquiring an additional 944 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in Vanguard SP 500 ETF by 101.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 1,716 shares of the company’s stock worth $394,000 after acquiring an additional 866 shares in the last quarter.

Shares of NYSEARCA:VOO traded up $2.26 during trading hours on Friday, hitting $254.46. 124,831 shares of the company’s stock traded hands, compared to its average volume of 3,721,835. Vanguard SP 500 ETF has a 1 year low of $214.83 and a 1 year high of $270.67.

Vanguard SP 500 ETF Company Profile

Vanguard 500 Index Fund (the Fund) is an open-end investment company, or mutual fund. The Fund offers four classes of shares: Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The Fund seeks to track the investment performance of the Standard Poor’s 500 Index, an unmanaged benchmark representing the United States large-capitalization stocks.

Further Reading: Should You Consider an Index Fund?

Want to see what other hedge funds are holding VOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard SP 500 ETF (NYSEARCA:VOO).

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HAHN: Don’t let financial secrets put strain on your marriage

Couples fight about money. Money fights can put a strain on any relationship and are a frequent cause for divorce. Divorce is one life event that will almost always derail a financial plan.

So how can you manage those money disagreements and keep your relationship on track? Communication and self-reflection go a long way toward generating happy relationships, no matter the topic. Here are some good strategies to employ to help work through some awkward situations.

According to the Creditcards.com Financial Infidelity Poll, “30 million Americans who live with a partner are hiding a checking, savings, or credit card account from their significant other.” Another finding was that 20 percent of people polled said that “financial infidelity would be worse than an affair.” Being secretive about money undermines the trust with your partner.

My husband learned this firsthand when we got married. He knew about my mortgage, but I forgot to mention my small student loan and a car loan from my dad that I wasn’t good about making payments on each month. My husband endeared himself to my dad by making regular monthly payments until my car was paid off.

I have worked with couples where one spouse has hidden debt and is ashamed to disclose it. No matter how tough it is in the short run, allowing debt to fester is a recipe for disaster. In some instances, I recommend couples go to counseling or find a financial therapist to help them with the underlying issues.

Getting to know your partner’s money history and money mindset can help uncover sources of conflict. We each bring our own feelings and biases to the relationship, and gaining a perspective on your partner’s background can help you understand his or her financial decision-making and spending patterns.

Questions to ask include, “What do you remember about money growing up? What does money mean to you? What were you taught about money?” These attitudes and beliefs are usually unconscious, and we don’t realize the impact they have on our approach to money.

Another lesson we learned early on in our marriage was that we needed a regular date night to discuss finances. It wasn’t the most romantic evening out, but it let us discuss what was going on financially and helped us make big money decisions. We usually sat down at the beginning of the year and talked about big projects: new roof, tires, landscaping, vacation, etc. We would map out a five-year spending plan and update as our needs changed. We would also review our spending and see where we were off-track and brainstorm strategies to get us back on track. In addition to monitoring day-to-day finances, it helped ensure we had the same goals and could work on them together.

We still struggle with “yours, mine and ours” spending. It is important that we each feel we have some discretionary spending money that we don’t have to be accountable to the other for.

Over the years, that limit has fluctuated. I tend to make a lot of small purchases, while my husband is more into big-ticket items that are rarely approved. I am trying to be more deliberate about my spending and I am starting to rely on the “Checkout Checklist: Do I need this? Do I love this? Am I buying it just because it’s on sale?” I am also starting to add, “Do I have a place to put this?” and “What am I willing to give up?”

After 31 years of marriage, our differing approaches to money are still frustrating. I doubt if we will ever be in perfect harmony, but we continue to have an ongoing dialogue and recognize that navigating money issues is an ongoing process.•

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Hahn is a certified financial planner with WWA Planning and Investments. She can be reached at 812-379-1120 or jalene@wwafp.com.

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