Love, your Money - Wealth, Money, and Financial Advisor for Women

Hilary Hendershott, CFP
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If you are seeking your path to real financial success – this show is for you. Truly achieving financial freedom requires you master the “inner” world of money - your money mindset - and the “outer” world of money - consistently growing your net worth. One without the other is not enough. This show contains powerful systems and methodologies for women who run businesses and women who don’t. Love, your Money® with Hilary Hendershott tackles money beliefs and financial planning strategies like: What your family life growing up may say about your credit card debtWhat tax strategies make the most sense for business ownersHow to leverage compound investments to build truly passive incomeHow the quality of your relationships rise and fall on your money habitsWhether index funds are better to invest in than actively managed fundsTaking charge of your income and cash flow so you have money for today and tomorrowHilary Hendershott is a CERTIFIED FINANCIAL PLANNER™ professional with more than two decades of experience as a wealth manager. She’s NBC’s “Investor’s Voice of Reason”, an Investopedia Top 100 Financial Advisor five years running, and a TEDx speaker with her own personal experience of making money mistakes before multi-million-dollar success. Love, your Money With Hilary Hendershott is an ongoing conversation for you to improve your relationship with money, deepen your understanding of how money works in every area of life, and gain the clarity you seek about strategic wealth building and investing decisions and questions. Subscribe to Love, your Money® with Hilary Hendershott wherever you find your other favorite podcasts. And if you love what you hear, show some love with a five-star rating! For more information, visit https://hendershottwealth.com

  1. 6d ago

    314: The RMD Trap (Why Big IRAs Create Big Taxes)

    A large IRA can feel like proof that you did everything right. You saved, invested, deferred taxes, and built wealth over time. But once required minimum distributions begin, that same IRA can start forcing large taxable withdrawals whether you need the money or not. Hilary Hendershott explains the RMD trap and why large IRAs can create bigger tax problems in retirement. Required minimum distributions can push you into higher tax brackets, increase the taxable portion of your Social Security, and even trigger higher Medicare premiums. That is why RMDs can feel like a success penalty: the accounts you carefully built may eventually reduce your flexibility and control. Hilary also explains why common defensive strategies, like qualified charitable distributions, may help in a given year but do not always solve the larger planning issue. The real opportunity is to think about RMDs as part of a coordinated long-term strategy. Roth conversions, tax offsets, and tax-aware investment strategies can work together to reduce future RMD pressure without creating an unnecessarily large tax bill today. At Hendershott Wealth Management, we call this Ultra Tax Efficient Wealth Management®. It is an ongoing process that coordinates tax-aware decisions across your full financial life. If your IRA is starting to feel like a loss of control, that may be a signal that your strategy needs to evolve.   Key Takeaways   00:46 The RMD trap inside large IRAs 01:06 Why disciplined saving can create forced withdrawals 01:53 Why flexibility becomes limited once RMDs begin 02:43 A coordinated strategy for reducing future RMD pressure 03:17 Moving from reacting each year to designing the outcome 03:57 Ultra Tax Efficient Wealth Management® 04:12 When your IRA strategy needs to evolve   Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/the-rmd-trap  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  2. Sep 22

    313: Retirement Planning in Your 40s: Have You Saved Enough?

    One of the most common questions people ask in their 40s is: Have I saved enough for retirement? And often, that question is not coming from someone who ignored saving or investing. It is coming from someone who has been working hard for years, building a career, raising a family, making smart decisions, and suddenly wondering, “How am I actually doing?” Hilary Hendershott explains why retirement readiness is about more than looking at one account balance. When her team evaluates whether someone is on track, they look at four key variables: How much have you accumulated? How much are you saving today? How much do you expect to spend in retirement? How many years do you still have to work with? Those four variables tell a much clearer story than any one account balance alone. Hilary also explains why your 40s can feel financially complicated. This is often the decade where multiple priorities collide: children, college planning, a mortgage, aging parents, travel, lifestyle goals, building wealth, and preparing for the future all at the same time. But your 40s are also an incredibly powerful decade financially, especially for high earners. You may still have time to save more, invest more, make strategic adjustments, and get clarity about where you actually stand. Retirement confidence does not come from optimism. It comes from clarity. And your 40s are not a decade for panic. They are a decade for measurement.   Key Takeaways  01:18 Have you saved enough for retirement? 02:26 The four variables that determine retirement readiness 03:05 Why your 40s can feel financially complicated 03:55 Why your 40s are still a powerful decade financially 04:32 Why coordination and oversight become more important 05:55 Retirement planning is not a one-time calculation 06:41 Your 40s are a decade for measurement 07:10 Working with a fee-only fiduciary team   Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/retirement-planning-in-your-40s  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  3. Sep 15

    312: Why Paying More in Taxes Can Make You Wealthier

    You could pay more in taxes and still end up with more money. That sounds wrong at first, because most people assume the goal is always to pay as little tax as possible. But for high earners with appreciated assets, that instinct can actually cost millions over time. Hilary Hendershott explains why the timing of taxes can matter just as much as the amount of taxes paid. Imagine you have $4 million in company stock. If you sell it all at once to diversify, you may trigger a large tax bill immediately and reinvest a much smaller amount. That may feel responsible, but it also means your future growth is happening on a smaller base. But with a tax-aware strategy, it may be possible to defer and manage gains over time, allowing more of your original capital to stay invested and continue compounding. Hilary walks through an example where paying more taxes later can still result in more money kept overall, because compounding happened on a larger base for a longer period of time. This is not about avoiding taxes or finding loopholes. It is about timing taxes, coordinating decisions, and keeping more capital productive for longer. At Hendershott Wealth Management, we call this Ultra Tax Efficient Wealth Management®. It’s not a product. It’s a trademarked ongoing process that integrates tax strategy directly into how portfolios are built and managed. If you have meaningful gains in company stock or another taxable asset and want to be more intentional about how those gains are managed over time, this is the kind of conversation worth having.  Key Takeaways 01:19 Why paying more in taxes could still leave you with more money01:58 A $4 million company stock example02:40 Why higher taxes later may still mean more wealth03:17 Who this strategy may be right for03:46 Ultra Tax Efficient Wealth Management®04:21 When to get help with your specific situation04:53 How to schedule a conversation Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/paying-more-taxes-make-you-wealthier Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  4. Sep 8

    311: The Hidden Tax Cost That Shrinks Your Wealth (What High Earners Miss)

    If you’re a high-income earner — especially in tech leadership or business ownership — there’s something quietly shaping your financial future: Taxes. In this episode, I explain what’s known as tax drag — the slow, often invisible erosion of your wealth over time. Because for many high earners, the biggest financial cost isn’t fees or investment performance… It’s taxes. You’ll learn: What tax drag actually isWhy taxes are often your largest lifetime expenseHow taxes quietly reduce compoundingWhat tax-aware investing meansWhy strategy and coordination matter more than toolsTax-aware investing isn’t about avoiding taxes. It’s about being intentional — structuring your financial strategy so that your wealth grows efficiently after taxes, not just before. If taxes are starting to feel like one of the biggest forces shaping your financial life — or you’ve found yourself wondering whether you’re missing opportunities — that’s often a sign your financial life has reached a new level of complexity. And that’s exactly where thoughtful, coordinated planning can make a meaningful difference over time. We’re a fee-only fiduciary team focused on tax-aware wealth management for high-income earners, professionals, and women navigating complex financial lives.  Key Takeaways 1:18 Why taxes grow faster than income2:00 What is tax drag?2:38 What tax-aware investing actually means3:22 Why strategy matters more than tools3:59 How planning supports long-term wealth  Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/hidden-tax-cost Follow Hilary on: LinkedIn Instagram YouTube  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  5. Sep 1

    310: 7 Financial Mistakes to Avoid in Divorce (And How to Protect Your Wealth)

    Divorce is one of the most financially complex transitions many people will ever navigate. And the decisions you make during this process can affect your financial stability for decades. In this episode, I'll walk you through 7 guiding principles to help you protect your finances during divorce and avoid costly mistakes, including: Why you shouldn’t rush major financial decisionsHow assets are really divided under state lawWhy taxes can quietly create imbalanceWhat documents you need to gather earlyHow to avoid “crowdsourced” financial adviceWhy stability after divorce matters more than speedDivorce isn’t just the end of a relationship — it’s the unwinding of a financial partnership. With thoughtful planning, it can also be the beginning of long-term clarity and independence. If you’re navigating divorce or thinking about it, this conversation is for you.  Key Takeaways  1:20 Introduction1:50 Principle #1 – Take It Slow2:44 Principle #2 – The Details Matter4:27 Principle #3 – Understand Before You Agree5:40 Principle #4 – Taxes Change What’s Equal6:36 Principle #5 – Gather Documents Early7:39 Principle #6 – Get the Right Advice8:43 Principle #7 – Focus on Stability9:22 Final Thoughts  Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/7-financial-mistakes-to-avoid-in-divorce/ Follow Hilary on: LinkedIn Instagram YouTube  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  6. Aug 25

    309: Women in Tech: A Once-in-a-Decade Wealth Moment

    If you’re a woman working in tech, your compensation may be changing faster than you expected. Equity grants are larger. RSUs are vesting. Stock options are becoming real money. And what’s coming in 2026 may not just be another wave of wealth — it could be a major liquidity event. In this episode, I explain: Why tech wealth cycles are compressingWhat happens when RSUs vest or options are exercisedHow concentrated stock creates riskWhy taxes can quietly take 40–50% of your upsideHow to prepare before liquidity arrivesMany women in tech freeze at the moment of opportunity — not because they aren’t capable, but because no one taught them how to think about concentrated equity, timing, taxes, and long-term wealth together. If you’re holding equity at companies like NVIDIA, Amazon, Google, OpenAI, SpaceX — or another high-growth firm — this conversation is for you. The best time to prepare is before the wave hits.  Key Takeaways  1:20 A Once-in-a-Decade Wealth Moment 1:45 The Tech Wealth Explosion 3:03 Why 2026 Could Be Different 3:56 The Tax Reality of Liquidity 4:20 Why Smart Women Freeze 5:32 How to Prepare Before It Hits   Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/women-in-tech Follow Hilary on: LinkedIn Instagram YouTube    Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  7. Aug 18

    308: Am I Financially Stable? Signs You’re Doing Ok (Even If It Doesn’t Feel Like It)

    On paper, everything looks good. You’re earning more. You’re saving. You’re investing. So why doesn’t it feel settled? In this episode, I walk through the subtle but powerful signs that your financial life is actually on track — even if it doesn’t feel that way yet. Because at higher levels of income and wealth, progress doesn’t always feel obvious. It becomes quieter, more structural, and easier to miss. You’ll learn: Why financial progress can feel unclear even when you’re doing wellThe key signals that your financial life is becoming more stableHow coordinated decisions create long-term wealthWhat it means when your money starts working independently of your effortWhy resilience and long-term thinking matter more than short-term winsIf you’ve ever found yourself wondering, “Am I actually doing okay?” — this is for you. For many high-earning women and couples, the challenge isn’t building wealth. It’s recognizing when it’s already working. And sometimes, what you need isn’t more information — it’s perspective. Key Takeaways  1:20 “Am I actually doing okay?”2:15  Sign #1: Your financial life is becoming coordinated2:48 Sign #2: Your decision-making is evolving3:18 Sign #3: Your money starts compounding3:48 Sign #4: You’ve built resilience4:11  Sign #5: You’re thinking long-term4:28 How to assess if you’re on track5:03 The emotional side of financial progress6:08 Closing: “You’re okay. You can exhale.”Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/am-i-financially-stable-signs-youre-doing-ok/ Follow Hilary on: LinkedIn Instagram YouTube  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

  8. Aug 11

    307: How to Reduce Taxes on Company Stock (For Women in Tech)

    If you’re a high-income woman in tech and your company stock has grown into a large portion of your net worth, you may be facing a difficult reality: Diversifying feels smart… but the tax bill feels overwhelming. In this episode, I walk through why this happens — and how tax-aware strategies can help you reduce taxes on company stock while creating more flexibility over time. You’ll learn: Why concentrated equity creates “gridlock”How capital gains taxes impact diversification decisionsWhat tax-aware long/short investing is (in plain language)How tax loss harvesting can offset gainsWhy strategy matters more than timingFor many high earners, the challenge isn’t knowing what to do — it’s managing the tax consequences of doing it. The goal isn’t to eliminate taxes. It’s to manage them intentionally so your wealth can grow with more flexibility and less risk. If you’re navigating RSUs, stock options, or concentrated company stock and wondering how to reduce taxes or diversify without triggering a massive tax bill, this conversation is for you. We’re a fee-only fiduciary team specializing in tax-aware wealth management for high-income earners and women with complex financial lives. Key Takeaways  0:00 Introduction1:19 The “successful but stuck” problem2:37 Strategy overview: tax-aware long/short3:58 Why implementation matters5:06 The risk of staying concentrated5:42 Planning vs reacting to taxes6:05 Final thoughts Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/reduce-taxes-company-stock-women-tech Follow Hilary on: LinkedIn Instagram YouTube  Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

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About

If you are seeking your path to real financial success – this show is for you. Truly achieving financial freedom requires you master the “inner” world of money - your money mindset - and the “outer” world of money - consistently growing your net worth. One without the other is not enough. This show contains powerful systems and methodologies for women who run businesses and women who don’t. Love, your Money® with Hilary Hendershott tackles money beliefs and financial planning strategies like: What your family life growing up may say about your credit card debtWhat tax strategies make the most sense for business ownersHow to leverage compound investments to build truly passive incomeHow the quality of your relationships rise and fall on your money habitsWhether index funds are better to invest in than actively managed fundsTaking charge of your income and cash flow so you have money for today and tomorrowHilary Hendershott is a CERTIFIED FINANCIAL PLANNER™ professional with more than two decades of experience as a wealth manager. She’s NBC’s “Investor’s Voice of Reason”, an Investopedia Top 100 Financial Advisor five years running, and a TEDx speaker with her own personal experience of making money mistakes before multi-million-dollar success. Love, your Money With Hilary Hendershott is an ongoing conversation for you to improve your relationship with money, deepen your understanding of how money works in every area of life, and gain the clarity you seek about strategic wealth building and investing decisions and questions. Subscribe to Love, your Money® with Hilary Hendershott wherever you find your other favorite podcasts. And if you love what you hear, show some love with a five-star rating! For more information, visit https://hendershottwealth.com

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