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Changing a Boomerang Into a Family Circle

Watch this video on YouTube Last week’s column on “boomerang kids” described some of the concerns to address before allowing adult kids to move back home because they are in financial trouble. This week let’s take a look at that same topic from...

Financial Hand Up, Not Handout, For Adult Children

Watch this video on YouTube “Boomerang kids.” It sounds like a TV reality show: kids grow up, kids move out, kids get into financial trouble, kids move back in with Mom and Dad. In real life, there’s nothing particularly entertaining about adult...

Most Planners Could Use A Little Psychology

This week I was honored to speak to the Financial Behavior in Retirement Summit in Chicago on Monday.  Pamela Black, of Financial Planning News, was there and covered my remarks.  She quotes me as saying, “We need more skills than what we learned in CFP courses. We...

Practicing the Financial Planning We Preach

Watch this video on YouTube Would you be comfortable taking weight-loss advice from a dietician or a fitness trainer who was overweight? Would you trust a surgeon who was unwilling to be a patient in the hospital to which he sent his patients? Probably not. Yet...

“Son, Can You Co-Sign My Loan?”

This week I spoke with Lyneka Little of ABC News about the pitfalls of turning family relationships into business ones.  It’s something I know more than a little bit about. As the result of the Great Recession, more and more parents are asking their children to...