US says woman will appear on new $10 note

Read on BBC.comBy Cory Schmelzer

Have you heard about the upcoming changes to our $10 bill?

Alexander Hamilton has headlined the $10 note since 1929

Read on BBC.com

The US Treasury Department says a redesigned $10 note will feature a woman, but who she will be has not been decided.

The new note will debut in 2020 to mark the 100th anniversary of the US Constitution’s 19th amendment, which gave women the right to vote.

The treasury will seek the public’s input in the selection, looking for a “champion for our inclusive democracy”.

Former US political leaders – all white men – currently headline US notes.

The woman who the Treasury Department ultimately selects will replace Alexander Hamilton, a key figure in the American Revolution and the first secretary of the US Treasury.

Hamilton began appearing on the $10 note in 1929. He along with diplomat and inventor Ben Franklin are the only non-presidents featured on current US notes.

Women have been featured on US money before, but the notes and coins were not widely used. Most recently women’s rights activist Susan B Anthony and Native American Sacagawea appeared on dollar coins, but both coins quickly went out circulation.

The primary goal of the redesign is to add measures to thwart counterfeiters, the Treasury Department said. But women’s groups have recently pressed for more representation on US notes.

“We have only made changes to the faces on our currency a few times since bills were first put into circulation, and I’m proud that the new 10 will be the first bill in more than a century to feature the portrait of a woman,” said Treasury Secretary Jacob Lew.

In March, an independent group held a contest to select a woman to headline the $20 note, replacing former President Andrew Jackson.

Abolitionist Harriet Tubman was the public’s top choice, beating out finalists, former first lady Eleanor Roosevelt, civil rights activist Rosa Parks and leader of the Cherokee nation Wilma Mankiller.

Tubman was known as the “conductor” of the Underground Railroad that allowed many slaves to escape to freedom in the 1850s.

Mr Lew will make a decision about the selected woman by the end of year.

Posted in Personal Finance

Financial Life Planning

Piggy Bank by Alan CleaverHere is a question that we talk a lot about at San Diego Wealth Management: Where do you spend your time and money? Continue reading

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How to Protect Yourself From Identity Theft During Deployment

http://www.creditsesame.com/blog/identity-theft-during-deployment/by Kimberly Rotter

Read on Credit Sesame

Uniformed personnel and their dependents are consumers, too—and no less critical to the national economy as their civilian counterparts.

Almost 1.5 million men and women serve on active duty and another one million-plus serve in the National Guard and Reserve. In contrast to most civilian jobs, military service, by its very nature, delivers certain kinds of constant stress. Frequent changes of ship and station, and the emotional toll of separation from family and friends. Not least is the exceptionally stressful deployment to war-torn regions of the world. Continue reading

Posted in Personal Finance

They Said What?!

overhearconvo-190x130Unbelievable Money One-Liners Retirement Planners Have Heard

By Marisa Torrieri with Cory Schmelzer

Read on Learnvest

It could happen at the coffee shop or in the produce aisle at the grocery store.

There you are, minding your own business, when you catch a snippet of someone else’s money conversation—and what they say blows your mind. Continue reading

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San Diego Ultra Running Friends’ annual TrailFit Campaign

TrailFit

By Cory Schmelzer

As funding for our National Parks continues to decline, a recent poll found that 81 percent of voters report having visited a National Park at some point in their lives, and nearly nine in 10 say they are interested in visiting in the future.  Continue reading

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Veterans Village of San Diego, “Leave No One Behind”

Veteran's Village MuralBy Cory Schmelzer

To those whom much is given, much is also required.

As a Wealth Manager in San Diego, my job is to assist individuals, families and small businesses in making sound financial decisions for their futures.  However, giving back to the community is a vital part of who we are at San Diego Wealth Management.  I will be posting some information about some of my favorite local San Diego charities.  Please feel free to respond with your favorites and we may feature them as well. Continue reading

Posted in Wealth Distribution | Tagged ,

Warren Buffett’s Two Tips on Building Successful Businesses – Pass Them Along

warrenPassing it to you…

This is one of my favorite articles on Warren Buffett.  I hope that you enjoy it as much as I did.

Cory Schmelzer

By Laura Rittenhouse

Read on Forbes

CEO Warren Buffett’s recipe for business and life success is revealed in Berkshire Hathaway ’s 2014 annual report released last weekend. It’s simple:

Culture + Leadership + Trust = Wealth Continue reading

Posted in Entrepreneurship | Tagged , ,

Your Legacy and Your Privacy: What’s on Grandma’s Facebook Page?

Photo Credit: Kate Haskell Digital Death and the “Right to be Forgotten” in the US

By Cory Schmelzer

As we are curating our trusts and estates in terms of our money and physical assets, we need to remember that our digital assets, our passwords, photos, Facebook posts, music, e-books and other assets are increasingly a large part of our legacy. Continue reading

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Family Legacy

Martin Dickinson

By Cory Schmelzer

Civic leader Martin Dickinson (pictured with his wife, Carol) heads the Donald C. And Elizabeth M. Dickinson Foundation, which has made significant contributions to USD’s Hahn School of Nursing and Health Science. Continue reading

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5 groups who need professional tax help

taxes

By Maryalene LaPonsie with Cory Schmelzer

Read on MSN Money

Given how simple it is to file a basic return with tax preparation software, paying someone to prepare your taxes may seem as timely today as a flip phone or dial-up modem.

Not so fast, say some finance experts. While tax software works well in some situations, it can never fully replace a human touch — particularly if your situation is a little different from the average taxpayer’s. Continue reading

Posted in Personal Finance