In The News
Lara Lamb was honored to be the featured financial planner for recent Los Angeles Times Money Makeover columns.
May, 2011 – Gwen Stewart is a singer and actor with a dream of buying a house. She has had some wonderful success, including a run as one of the original cast members of Rent. However, as many of those in the entertainment business have experienced, she has also had the low-income years when she has made as little as $5,000. One high risk to Gwen’s situation is her uncertain health insurance. She expressed interest in starting a business, which would provide an option for acquiring insurance despite her preexisting health conditions. Lara’s recommendations included exploring a new business, securing permanent health insurance, and the minimum amount of consistent income necessary to purchase a home.
Gwen Stewart, May 2011 Money Makeover
October, 2010 – Kathy Naylor is a recent retiree with the aggressive goal of purchasing her family home in Santa Monica at some point in the future. However, the cost to buy her brothers out of the home, plus delicate family dynamics, indicate that this may not be a goal that Kathy will be able to achieve. Lara’s recommendations included the sale of Kathy’s condo where she was no longer living, re-allocating her retirement accounts, and guidelines to consider for when the purchase of the condo would be feasible.
Kathy Naylor, October 2010 Money Makeover
April, 2010 – Amy Horwath is a recent college graduate trying to figure out how to balance paying down her debt and save for future goals. Lara’s recommendations to Amy included a debt repayment plan using the “snowball” method, a multiple account budgeting system, and increasing her savings and debt repayment to a total of 15-20% of her income.
