Podcasts

Ilona simplifies complicated topics and brings her perspective to the table on a wide variety of financial challenges.
Read the Podcast: How to Find Your Magic Number
Podcast

How to Find Your Magic Number

By: Ilona Friedman

July 8, 2020

How much money will you need at retirement to sustain you until death? Finding out your magic number will help you make sure you don’t outlive your money.

Read the Podcast: How to Plan for Your Children’s College
Podcast

How to Plan for Your Children’s College

By: Ilona Friedman

June 17, 2020

A popular method for setting aside expenses for college in the future is through the 529 Plan, which is a vehicle in which you store your money that grows tax deferred. Any money you pull out comes out tax-free if it’s used for qualified higher education expenses.

Read the Podcast: Budgeting #4: What to do about my surplus or deficit?
Podcast

Budgeting #4: What to do about my surplus or deficit?

By: Ilona Friedman

June 3, 2020

After calculating your income, taxes and expenses, you’ll subtract both your taxes and expenses from your income to figure out if you have surplus or deficit. With surplus, you must find out where it’s being used to maximize your monthly savings. With deficit, you must cut from your expenses to either break even or reach surplus.

Read the Podcast: Budgeting #3: How do you calculate your remaining expenses?
Podcast

Budgeting #3: How do you calculate your remaining expenses?

By: Ilona Friedman

May 20, 2020

Remaining expenses are made up of housing, transportation, insurance, food and beverages, groceries, childcare, pets, personal care, education, entertainment, debt/installments, savings/investments, vacations/holidays and charitable contributions.

Read the Podcast: Budgeting #2: How do you calculate your taxes?
Podcast

Budgeting #2: How do you calculate your taxes?

By: Ilona Friedman

May 13, 2020

Taxes are made up of the total federal taxes that were withheld and owed, state and local taxes if applicable, and any additional taxes that were withheld such as FICA or Social Security.

Read the Podcast: Budgeting #1: How do you calculate your income?
Podcast

Budgeting #1: How do you calculate your income?

By: Ilona Friedman

May 8, 2020

Annual income is made up of our gross income (before taxes), any income from contract jobs on the side, any received annual alimony from divorce, any current income from savings or investment accounts, any gross income from Social Security, any annual pension, and any other additional income sources.

Read the Podcast: Budgeting Case Study: Rima Soroka
Podcast

Budgeting Case Study: Rima Soroka

By: Ilona Friedman

May 5, 2020

Rima Soroka discusses the evolution of budgeting in her own life — how she learned about finances, changes she’s making along the way — and if it’s working now.

Read the Podcast: How to Choose a Financial Advisor
Podcast

How to Choose a Financial Advisor

By: Ilona Friedman

April 23, 2020

To choose an effective financial planner, you need to ask a series of questions about their certification, manner of working, qualifications, additional services, fees, approach, personality, frequency of meeting and expectations.