YOUR ACTUAL
MONEY
- LESS INVESTMENT GROWTH
- MISSED TAX SAVINGS
- LONGER HOME TIMELINE
ALICIA & TIM
GABY (+ BABY!)
MARIA, ALEX, & JESS
SARAH & WILL
They'd love to own a home that they can stay in for the long term. But they're stressed about their high student loan balance. What should they do?
They want to start spending summers living near extended family. But they're worried they're not investing enough of their savings. What should they do?
They'd be thrilled to pay for college for their daughter. But they're anxious about having enough savings for their own retirement. What should they do?
Ideally, her partner will work part-time to save on childcare costs. But they're concerned that they won't have enough household income. What should they do?
STUDENT LOAN WORRIES
HOUSING FRUSTRATION
529 PLAN CONFUSION
CHILDCARE COST ANXIETY
BUDGETING STRESS
RELATIONSHIP TENSION
TAX RETURN UNCERTAINTY
RETIREMENT DOUBT
INVESTING INTIMIDATION
SAVINGS CONCERNS
You're not to blame here. You just need a guide to help you create a clear financial strategy.
STUDENT LOAN WORRIES
HOUSING FRUSTRATION
INVESTING INTIMIDATION
529 PLAN CONFUSION
BUDGETING STRESS
CHILDCARE COST ANXIETY
TAX RETURN UNCERTAINTY
RETIREMENT DOUBT
Kevin Mahoney, CFP®, is the founder & CEO of Illumint, a Washington, D.C-based company that offers online financial planning for Millennial parents. A fee-only financial advisor and fiduciary, he specializes in the Millennial finance issues that arise during our late 20s and 30s as we try to repay student loans, buy a house, learn to invest, and save for college. Business Insider called Kevin one of the "best financial advisors for Millennials" in the U.S., and Financial Advisor Magazine named him one of 10 "young advisors to watch." Kevin, who also writes regularly for Forbes, holds an undergraduate business degree from Georgetown University and an MBA in finance from Georgia Tech.
They'd love to own a home that they can stay in for the long term. But they're stressed about their high student loan balance. What should they do?
They want to start spending summers living near extended family. But they're worried they're not investing enough of their savings. What should they do?
They'd be thrilled to pay for college for their daughter. But they're anxious about having enough savings for their own retirement. What should they do?
Ideally, her partner will work part-time to save on childcare costs. But they're concerned that they won't have enough household income. What should they do?
You may currently wonder how you can afford to buy a house while still making student loan payments. Perhaps you're stressed about how to fit child care and college savings into your budget. Or you may just have extra cash in your savings account that you think you should invest. When my wife and I got married and later prepared to have our first child, many of our conversations revolved around these same personal finance questions.
With a background in finance, I had a head start on some of these common Millennial money questions. But even so, we still put a lot of effort into researching our options and agreeing on a plan. We both knew that our lives were about to get more hectic, and we were concerned that these financial tasks would cut into the limited time we had for date nights and playgrounds.
I often thought, if I have these feelings – even with an MBA in finance – how much more stressed must other people my age be? I realized that I had the ability to offer our generation an uncommon alternative: a financial planning company, specifically designed for us, by a peer and Certified Financial Planner. Welcome to Illumint.
They'd love to own a home that they can stay in for the long term. But they're stressed about their high student loan balance. What should they do?
They want to start spending summers living near extended family. But they're worried they're not investing enough of their savings. What should they do?
They'd be thrilled to pay for college for their daughter. But they're anxious about having enough savings for their own retirement. What should they do?
Ideally, her partner will work part-time to save on childcare costs. But they're concerned that they won't have enough household income. What should they do?
''WE'RE LIVING ABROAD NEXT SUMMER''
''WE'RE SPENDING MORE TIME WITH OUR KIDS''
STUDENT LOAN DEBT
PURCHASING A HOUSE
INVESTING SAVINGS
529 PLANS
BUDGETING
MERGING ACCOUNTS
TAX STRATEGIES
RETIREMENT CATCH-UP