Sheila Schroeder

Sheila Schroeder is Mosaic's Director of Client Development, and she's interested in bringing together the needs of clients with the resources and expertise the Mosaic team has to offer.
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Recent Posts

4 Ways to Save Your Retirement from Lifestyle Creep

Sheila Schroeder / Jul 12, 2018 / Retirement Planning / Saving, Budgeting and Debt Management

As we become more financially successful, many of us may find ourselves living large without quite knowing how we got there. Sometimes we find that things we once wanted have now become “needs.” As a result, though our paychecks are bigger, so too are our expenses—and this can have a real impact on meeting our personal financial goals.

Lifestyle creep, otherwise known as lifestyle inflation, occurs when your standard of living improves as your discretionary income rises. Like ivy growing up a tree, if it gets out of control, it can choke your budget. 

Read on for 4 concepts to help you navigate the creep.

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Life is short: Build a milestone fund as a targeted savings account

Sheila Schroeder / Oct 25, 2017 / Financial Planning

My uncle died yesterday. He was 88. His funeral is in Tokyo, this weekend, and Im going.  Funerals are important. So, too, are weddings, baby showers, birthdays, holidays, graduations, family reunions...  All of these events are about celebrating life: past, present or future. They mark the high and low points in our lives.

My milestone fund ensures I’ll be able to fly across the world for my uncle's funeral in a few days, and I wont be dipping into my emergency fund or accruing sudden credit card debt I cant immediately cover in order to pay for it.

This article discusses 4 steps to build your own milestone fund, so you’ll never miss life’s important moments.

We've also got an infographic featuring tips for using targeted savings accounts to help you decide whether this tactic may work for your needs.

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Money Talk: Why we need to, and how to get started

Sheila Schroeder / Sep 13, 2016 / Financial Planning

A few years ago, I was out on a hike with my friend when she asked me a question. “Are you on track to have saved enough for retirement by the time you are in your mid-fifties?”

I asked her why she was asking. She said she wanted to know, if I was on track, how did I get there? If I wasn’t, what choices had I made that had prevented me from reaching that number? 

Her questions weren’t about my “number,” the amount I had saved so far—they were about my strategy.  We went on to hike and talk for the next two hours. We shared stories and ideas about how we saved, invested, and spent our money. We talked about our parents and their money patterns and how we each came to work in finance. I came away with some good ideas about what I could do differently, and I know she did too. My friend told me she felt better comparing notes with me; she realized she was getting some things right and got some insight into what she could do better. She felt less alone. 

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