Xena Financial Planning is Born!

Xena Financial Planning blog introduction

Welcome to Xena Financial Planning (Xena FP).

I am so very glad you are here! Allow me to introduce you to my new firm.

I honestly did not set out with the intention of creating my own practice. In 2014, when I first entered the industry, I was eager to learn from more seasoned planners and get as much experience as possible. Fast forward 6 years and I feel called and emboldened to offer a new kind of planning firm.

My focus is on women (and their partners) in the early to middle stages of their careers. Specifically, I absolutely love helping clients who receive equity compensation as part of their income. It’s extremely common in the tech world and while there are plenty of brilliant people working in tech, many of them do not have the time or inclination to manage the influx of stock. I also offer a unique perspective and advice for women who own small businesses, based on many years of working in finance for small businesses and start-ups.

Not only do I feel compelled to serve a more specific demographic, I can improve on the process, which is in dire need of a facelift. The world of financial planning is in the midst of a seismic shift; the way that advice is delivered is dramatically different from the way prior generations received it. 

What I love about financial planning is the relationships and the process. I’m not overly focused on investment performance, nor do I plan to deliver a massive financial plan which might be better used as a doorstop. In my view, financial planning is a highly dynamic process, with many moving pieces that are constantly in flux. At Xena FP, I work with my clients on an ongoing basis, to help them navigate whatever life delivers. I strive to both educate and empower clients as we develop a collaborative relationship.

My desire to specialize, as well as build a process that works for our highly volatile world, led me to found Xena Financial Planning. Largely based on the fact that I founded the business in the midst of a global pandemic, my intention is to be 100% virtual. One of the things I have loved about the pandemic is not having to spend a lot of time in traffic; I am sure my clients can appreciate that! I’m so happy to have you here for some part of the journey. Together, we will build something extraordinary.

Should I refinance my mortgage?

Xena Financial Planning blog refinance

It seems like everyone I know is asking this question right now. Mortgage rates are at an ALL TIME LOW As of July 2, 2020, Freddie Mac reported that 30-year mortgage rates are at 3.07%, on average, the lowest rate since they began tracking in 1971.

As you can imagine, there are a lot of people scrambling to buy or refinance while rates remain this low. How do you know if it makes sense for you?

Like most things, it really depends on your situation. The absolute most important question to ask is how long you plan to stay in your home. If the answer is less than 3 years, there’s a good chance that refinancing won’t make financial sense.

If however, you plan to stay for several years, it’s probably worth looking into. Some of the other questions to consider are:

Refinancing may be a great option for many people during this time. Keep in mind that it may be even harder to get approved, especially if you (or your partner) have had a change in your income due to the pandemic. Check out the refinance calculator at bankrate.com. And as always, feel free to schedule time to chat with me if you have any questions.