DailyFinance, July 29, 2013Michele Lerner quotes Kimberly Foss, CFP, president of Empyrion Wealth Management, in a DailyFinance article about budgeting for a 20 percent pay cut. Foss offers advice on ways that people can cut costs in their current expenses, from saving on a phone plan by choosing a less expensive option to saving on medical expenses “by switching to a high-deductible health insurance plan.”
Women Advisors Forum, June 6, 2013As a contributor to Women Advisors Forum, Kimberly Foss, CFP, president of Empyrion Wealth Management, offers insight on working with female clients to prepare for health care costs in retirement. Foss offers several strategies to discuss with clients to avoid depleting their retirement funds. She suggests advisors: develop a plan, watch for useful savings innovations, shop around for health care, consider Social Security options, offer a long-term care explanation and promote exercise.