Tag: College
REPLAY: Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 47)

REPLAY: Mastering Your Finances: Tips for Young Adults with Carrie Shoener (Ep. 47)

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Jumping into managing your finances can be overwhelming, especially straight out of college.

But don’t worry, this week on Dollar$ and $ense we are replaying a popular episode that includes an insightful conversation about how young adults can build healthy financial habits.

Join Nicole Romito as she chats with Carrie Shoener (nee Mangan) about the importance of saving and investing, tips for maximizing employer contributions to a 401(k), and diversifying retirement savings across different accounts.

Gain insight into:

  • 401(k)s,  including contribution levels, employer matching, and pre-tax deductions
  • The top 3 tips for getting started with investing 
  • Rules of thumb for housing costs
  • Target Date Funds and how they may help you diversify your portfolio with less risk
  • The importance of having an emergency fund
  • And more!

Resource:

Connect with Nicole Romito: 

Connect with Carrie Shoener:

About Our Guest: 

Carrie Shoener is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

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Mastering Your Finances: Tips for Young Adults with Carrie Mangan (Ep. 21)

Mastering Your Finances: Tips for Young Adults with Carrie Mangan (Ep. 21)

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Navigating personal finances after college can be challenging for many young individuals who lack proper guidance on savings, investments, and managing their 401(k)s.

What are some goals and rules they should follow for the long-term? 

In this episode, Nicole Romito sits down with Carrie Mangan, advisor at Private Vista, to talk about the topic of building healthy financial habits for young adults just starting out in their careers. Carrie shares her expertise and experience to educate them on the importance of starting to save and invest early, maximizing employer contributions to a 401(k), and diversifying retirement savings across different types of accounts.

Additionally, Carrie discusses the importance of having an emergency fund and tracking net worth to be prepared for adverse situations and make better financial decisions.

Carrie discusses: 

  • Her background as a teacher and professional in the financial industry
  • The basics of 401k contributions, including contribution levels, employer matching, and the benefits of pre-tax deductions
  • The importance of understanding how much of your 401(k) balance is vested before leaving a job
  • Target date funds and how it provides diversified and professionally managed investment options
  • Three important rules of thumb for investing
  • The importance of building an emergency fund
  • The rule of thumb for housing costs
  • Reasons why it’s beneficial to track your net worth annually
  • How much to allocate to savings
  • And more!

 

Resources:

Connect with Nicole Romito: 

Connect with Carrie Mangan:

About our Guest: 

Carrie Mangan is an advisor at Private Vista LLC. Her previous work as a high school teacher emphasized how important it is to build strong relationships as the cornerstone of one’s career. That same principle guides her work as an advisor, where she is able to continue helping people solve problems and make empowered decisions about their futures. Carrie sees her role as a trusted and empathetic source of financial education, and she enjoys working with clients to build up their knowledge and understanding of their options.

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Where You Go Is Not Who You’ll Be With Corinne Smith (Ep. 4)

Where You Go Is Not Who You’ll Be With Corinne Smith (Ep. 4)

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From selecting which school to finding what extracurriculars are available, applying to college involves many important considerations. Have you checked them all off your list?

In this episode, Nicole talks with Corinne Smith, co-author of College Essay Journal: A Mindful Manual for College Applications, about college admissions. Corinne dives into why finding the right environment for a student is so important and why talking about finances with students helps them appreciate education as an investment. She then goes over the different financial-aid options available at colleges, and how she counsels students to thrive in high-pressure environments.

Corinne discusses: 

  • Finding the environment that will be the right fit for the student
  • The importance of talking about finances with students and helping them understand that education is an investment
  • The differences between merit-based aids, need-based aids, and scholarships
  • How students can not only survive, but thrive in a high-pressure environment
  • And more

Resources:

Connect with Nicole Romito: 

Connect with Corinne Smith:

About our Guest: 

Corinne has a Bachelor’s Degree in Political Science and Sociology as well as a Masters in Higher Education Administration and Policy from Northwestern University. She is currently pursuing her Doctorate in Diversity and Equity in Education through the University of Illinois Urbana-Champaign. Corinne works as an undergraduate admissions officer at Yale University. During her time in the Yale and Northwestern admissions offices, she has read thousands of applications and served as a voting member on both domestic and international admissions committees.



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