My Heart to Heart Conversation with Arianna Huffington…

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Last week, I was invited to the Huffington Post offices in NYC to sit down and chat with founder Arianna Huffington. In addition to running a media empire, Arianna is the author of the #1 New York Times bestseller, Thrive (now in paperback.)

Thrive is the kind of book that can truly impact your life—I know it impacted mine in a really big way. I’ve already shared it with so many of my friends and family members and now I’m happy to be sharing it with you.

I invite you watch this heart-to-heart conversation I had with Arianna. It will only take a few minutes. We talked about:

* How burnout is often the price of success (yet, it doesn’t have to be…)
* The critical importance of sleep, meditation and renewal
* What Arianna’s motto, “Onward, upward and inward” really means…
* Transformation can begin by changing just one keystone habit
* What it means to have your own “thrive tribe”

Arianna also touched upon her own story, where in a moment of personal crisis she was able to gain the perspective she needed to make life saving changes. She’s one of the most honest, open and present individuals I’ve ever had the pleasure of meeting—and I’m honored I had the opportunity to interview her.

Thrive paperbackSo do yourself a favor, watch the video and pick up a copy of Thrive in paperback. Then give yourself the gift of reading it. Click here to purchase it.

Oh, one more thing—during the interview, Arianna mentions her new six-week Thrive eCourse with Oprah. It will help you go from knowing what you need to do in order to thrive to actually doing it. You can check it out at Oprah.com/Thrive.

Thanks for reading—and enjoy Thrive. I know you will.

Live rich!

David Bach

P.S. When we were done shooting this, Arianna interviewed me about my upcoming tour, Smart Couples Finish Rich: The Retirement Seminar. We’ll share that video very soon but registration for this brand new seminar just opened. Get all the details and reserve your seat by clicking here.

 

 


How to Stop Fighting with Your Partner Over Money

TODAYLogoDavid Bach on The Today Show

It’s said that the #1 cause of divorce is fighting over money, but the good news is it’s a fixable problem. Watch my video clip from The Today Show for my strategies on how to stop fighting over money with your partner and instead start working as a team.

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David Bach on Today Show Radio on SiriusXM 

After my Today Show segment this morning, I spoke with Today Show Radio on SiriusXM todaysiriusxmto share a little more on the topic of couples and money. If you and your partner fight about money, it’s important for you to know that you can fix it. Find out why I recommend focusing on saving and not spending as an important strategy. And…I also announced that I’ll be presenting Smart Couples Finish Rich: The Retirement Seminar live and in person this April and May. Sign up for your invitation at the top of my website here. You won’t want to miss this!

 

How to Cut Back on Your Double Latte Factor

Stop being ripped off by what I call the Double Latte Factor. What’s the Double Latte Factor? It’s the stuff we sign up for monthly with a “subscription fee.” You know the stuff…like your phone that you’re on right now, the cable TV that’s playing in the background, the gym membership you’re probably not using anyway. Right now go fix and renegotiate just one thing. It could save you hundreds, if not thousands annually. I called my phone and cable provider this week and in five minutes got a new package that saved me $800 over two years. Pick a monthly fee that drives you crazy and try to renegotiate it now.

New Retirement Tax Rules for 2015

Have you heard about the new tax retirement rules for 2015 that allow you to save MORE MONEY? Hip hip, hooray! Okay, so maybe I am being a little bit over excited about tax laws and retirement accounts, but hey, I do love this stuff. And candidly, you should too because every dollar you save for retirement is “a dollar saved for retirement.” And every dollar you save in a tax deductible retirement account is a dollar you don’t pay taxes on now.

That’s a dollar you get to keep for as long as you keep it in the retirement account. I know, call me crazy, but I get totally excited about delaying paying taxes for as long as possible.

For years I rallied and complained that the government wasn’t doing enough to make it easy for us to save in tax-favored retirement accounts. I went on Fox’s The O’Reilly Factor and specifically talked with Mr. O’Reilly (who always calls me “Mr. Bach”) about how the IRA tax deductible rules haven’t changed and were stuck at $2,000 a year…FOREVER.

Well, the government listened. Okay, probably not to Mr. O’Reilly and me debate, but they did FINALLY act and began to increase the contribution limits for retirement plans. And millions of Americans took advantage of the changes. Hopefully, you did too.

AND NOW WE’VE GOT INCREASES AND CHANGES FOR 2015 RETIREMENT ACCOUNTS 

The IRS just announced the new 2015 Pension Plan Limitations and Rules. Not only have contribution and income limits increased, but a brand new retirement account option is being introduced as well.

Here’s a quick summary for you. Just keep in mind that it’s just a quick summary (not tax advice), so in order to make an informed decision on any action you may want to take concerning your retirement plan in 2015, you’ve got to be thorough in your research, consult your tax advisor or meet with a financial advisor (which I talk more about below.) Sound good? Great, here we go:

- 401(k), 403 (b) and most 457 plans have now increased from $17,500 to $18,000. If you’re 50 or older, the catch-up contribution has also increased by $500, bringing it to $6,000 in 2015.

- IRA income limits have now been increased. Although the limit on annual contributions to an Individual Retirement Arrangement (IRA) remains unchanged at $5,500, the tax deduction for making a traditional IRA contribution is phased out for investors who have a workplace retirement plan and a modified adjusted gross income between $61,000 and $71,000 for individuals (or $98,000 to $118,000 for couples). That’s up $1,000 and $2,000 respectively from 2014. For individuals who don’t have a workplace retirement plan but are married to someone who does, the tax deduction for an IRA contribution is phased out if the couple’s income is between $183,000 and $193,000 in 2015.

- Introducing myRA. President Obama announced this in the beginning of the year and details are supposed to be forthcoming in December. According to the Treasury’s website, beginning in late 2014, the U.S. Department of the Treasury will offer myRA (“My Retirement Account”), which is a Roth IRA account available to anyone who doesn’t have access to an employer sponsored retirement savings plan and is earning less than $129,000 per year (or $191,000 per year for couples). Plans are portable and contributions can be made through direct deposit. Contributions can be withdrawn tax free and earnings can be withdrawn tax free after five years and the saver is age 59½. After 30 years or $15,000 in savings, the saver must transfer the balance to a private sector retirement account. What’s more, myRA accounts are backed by the U.S. Treasury and are guaranteed not to lose value — and there are no fees. To explore this new option in more detail, click here.

Additional changes include increased Roth IRA income cutoffs and a larger saver’s credit threshold. For more detail, check out the new tax deductible rules for 2015 by clicking here.

GOT RETIREMENT PLANNING QUESTIONS? WE’VE GOT ANSWERS

While I know you can tell by now I’m excited about the new increases to the retirement rules for 2015, I also know by just re-reading what I wrote, that it can easily be confusing. If you have retirement planning questions or need help, remember I now have a team of fee-based financial advisors (the kind I always recommend in my books) available to do financial planning for you and your family. At Edelman Financial Services, we manage $13.7 billion dollars for more than 26,000 clients,1 and have been helping people just like you for more than 25 years.

If you have questions or want to take advantage of a free retirement portfolio review before the year end, you can make an appointment by clicking here or by calling (855) 215-7171. Again, the call is free and the first appointment to review your financial situation and have a portfolio review is also FREE. The end of the year is when I review how my portfolio is doing and make plans for next year, and you should too.

1As of September 30, 2014

How to Stop Fighting With Your Partner About Money

I was interviewed recently by Forbes.com contributor, Kathy Caprino on the subject of couples and money.  

When I researched and wrote Smart Couples Finish Rich®, I found that money was consistently ranked the number one source of marital fighting and unhappiness.

SCFR book cover

Usually it happens because we marry our financial opposite. I often joke in my Smart Couples Finish Rich Seminars that people are born one of two ways.  You’re either “born to spend” or “born to save,” and inevitably you fall in love with your opposite.

Couples always laugh when I say this but that’s because they know it’s true.  The question then becomes, well what do you do about it?  And most importantly, how do you resolve your financial fights without more fights?

Continue reading this post in its entirety, here.

 

 

Join Me on National TV

Be on TV with me! Calling all couples in the NY/NJ/CT tri-state area: Are you currently fighting with your spouse over a family financial decision that needs to be made? I’m looking for couples in the tri-state area to come on national television with me to share their story and get coaching to resolve their disagreement. Send me an email today at davidbach@finishrich.com to be considered for this opportunity.