Retirement should be the reward for a lifetime of hard work—a time to enjoy life without the stress of a paycheck. But for many retirees, financial missteps turn what should be their golden years into a period of stress and uncertainty. Consider this: A study from the Center for Retirement Research found that nearly half […]
The 7 Biggest Financial Mistakes Retirees Make (and How to Avoid Them) Read More »
Being a “homemaker” or stay-at-home mom has been a hot topic in the news recently. This topic has certainly proven to be a bit of a lightning rod, and there is no one-size-fits-all for families. I simply want to provide a framework for families to consider the possibility of a stay-at-home mom. Not that long
Challenging Cultural Norms: The Financial Case for Stay-at-Home Moms Read More »
A family legacy meeting is not something you learn about in school. It’s not something you discuss at the office party or at your kid’s sporting event. But it is something that can benefit anyone, particularly if you have assets that you wish to create a legacy with. Let’s use the good ol’ 5 W’s
How to Hold a Family Legacy Meeting Read More »
I have had the opportunity to see and help hundreds of families deal with the transfer of assets after the passing of a loved one. All the smooth transitions had a single commonality; the plan was communicated clearly, and often multiple times over many years. I’ve witnessed firsthand the importance of proactive financial planning and
Why Annual Family Legacy Meetings Are Essential to Your Family and Finances Read More »
It’s funny how some memories from our childhood stick with us, becoming a part of our identity and shaping our future. One such memory that has always stayed with me was the result of overhearing a conversation. When I was young my brother and I had a mowing business, and this particular day my dad
The Best Money Lesson My Dad Ever Taught Me Read More »
Let’s talk 529s…A 529 Plan is a is a tax-advantaged plan for education savings. Understanding and leveraging tax advantages is one of the biggest value propositions afforded to the clients that work with me, so why the heck would I not utilize these tax advantages for my own children? How a 529 Plan Works Ultimately
Why This Advisor Refuses to do a 529 Plan for His Children Read More »
As many of you reading this blog probably know, I have six children who range in age from nine to nine months. Obviously, our kids are still young, so the jury is still out on whether we have raised financially responsible children, however we have had some recent wins in the teaching money values department.
Practical Tips for Teaching Kids About Money Read More »
Spring is in the Air There was some beautiful weather over the weekend. Things are starting to warm up and signs of spring are starting to manifest themselves more and more. Personally, I’m not much of a cold weather fan, so these signs of changing seasons have put a little extra spruce in my step.
We’re Not Raising Grass, We’re Raising Kids Read More »