Financially Well

Do your federal student loans qualify for public service loan forgiveness? They might, and you may not even know it. Welcome to Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will discuss public service loan forgiveness, also known as PSLF. Did you know that public service loan forgiveness eligibility depends on whether your employer qualifies, not yo...

Should Millennials buy a "second home" before they ever own their full-time, primary residence? Welcome to Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will discuss recent trend articles about Millennials who have purchased a second home. More specifically, these Millennials still rent in large, high-priced cities such as Washington, DC. But they've...

Do you feel empowered to invest your savings? Welcome to Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will share the investment quiz he created for other Millennials. The 11-question quiz covers key investment terms and concepts that stem from his conversations with his Millennial clients. Kevin, who specializes in financial planning for Millennial...

Is the DC College Savings Plan a "good" 529 plan? Welcome to Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will discuss 529 college savings plans, specifically how state 529 plans differ widely in the benefits they offer to the families who participate. Kevin, who specializes in financial planning for Millennial parents , regularly hears from other p...

Is the high cost of living in Washington, DC and other expensive cities worth the money? Welcome to Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will discuss how Millennials might want to think about the cost of living in Washington, DC and other cities. The price of housing and daycare in DC is among the highest in the country. But that doesn't mea...

When you're combining finances after marriage, what approach works best for most Millennial couples? Welcome to the Financially Well , the finance podcast for Millennials . In this episode, Kevin Mahoney, CFP® will discuss how to combine finances after marriage. In particular, he'll talk about why managing finances as part of a relationship looks and feels slightly different for every Millennial c...

What are the best ways to improve your financial wellness in 2022? Welcome to the Millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will share a few financial wellness tips for the year ahead. In particular, he'll discuss a few approaches to thinking and feeling differently about your money, especially if you feel anxiety about your current progress. Kevin, who spe...

When you're finally ready to create a will, where should you start? And how can you create a will while minimizing your cost and time commitment? Welcome to the Millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will discuss estate planning for Millennial parents, specifically creating a will. And he'll focus in particular on the situations in which you might decide...

How much money should you save for college each month ? This is a challenging question to answer when we have so little idea what college might look like for our young kids. Welcome to the Millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will talk about how to save money for college. In particular, he'll discuss how you can save money for your child's college educ...

Who are the best financial advisors in Washington, DC? This is the Millennial finance podcast Financially Well . In this special, end-of-year episode, Kevin Mahoney, CFP® will highlight several local, independent financial advisors whom he would trust with his own money. Kevin's financial planning company, Illumint, ultimately can't help everyone in D.C. who has personal finance questions. After a...

How much interest does your savings currently earn in your bank account? What type of terms would you accept for a 7% return on that money?    Welcome to the millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will consider whether Series I savings bonds are the best investment opportunity right now for Millennials with extra savings. In particular, he'll tell you wh...

Did you know that HSAs, or h ealth savings accounts, offer better tax benefits than most investment accounts? Yet, uncertainty about the details has led many Millennials to question why an HSA is worth it for them. Welcome to the millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will discuss why an HSA is worth it for many Millennials who want to grow their wealth....

When you're thinking about your financial decisions, what questions do you ask yourself? Do you focus on what you can control (your savings rate) or unpredictable variables (the inflation rate)? This is the millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will talk about how rising inflation might impact Millennials in the years ahead. Specifically, he'll explore...

If you've ever researched "financial planning," you've probably come across an article such as Nerd Wallet's "10 Questions to Ask a Financial Advisor." These articles are very useful, especially for anyone who has never worked with a financial advisor. But these questions also reflect the minimum that you should consider when seeking out a financial plan. The best questions to ask a financial advi...

Do you remember the last time you felt stressed about money? Is it possible that your ability to understand the source of that stress may be more important than other aspects of your personal finances? This is the millennial finance podcast Financially Well . In this episode, Kevin Mahoney, CFP® will talk about why so many people feel stressed about money. In particular, he'll discuss how we can u...

Emergency savings incentives at work are a positive step forward for employee financial wellness , right? How should Millennials incorporate this trendy benefit into their personal finance decisions? This is the millennial finance podcast Financially Well . In this episode, I'll discuss why companies increasingly offer emergency savings accounts to their Millennial employees. In particular, Kevin...

What does it mean to automate your finances? Why and how might Millennials adopt this strategy to boost their chances for financial success? This is the millennial finance podcast Financially Well . In this episode, we'll share tips from the field of behavioral finance. In particular, Kevin Mahoney, CFP® will discuss how to automate your finances . Kevin, who specializes in financial planning for...

Are you on track for retirement and your other long-term financial goals? How can you manage your money better in 2021 and the years ahead? This is Financially Well, the   millennial finance podcast , where we'll help you to understand today how to make your money work for you . In particular, Kevin Mahoney, CFP® will discuss the role that time plays in investment success. Kevin, who specializes i...

Are Millennials running out of time to build wealth? How much wealth do most Millennials actually have? This Millennial finance podcast episode explores how we define wealth. Many people would consider someone with a high salary or large investment account "wealthy." But as author Morgan Housel argues in his recent article, " The Highest Forms of Wealth ," we might want to think about wealth in te...