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*Financial Awakenings

Resistance to Financial Advice Is a Sign to Slow Down

“When you meet resistance, you are moving too fast.” This is a truism that I hold to when it comes to relationships, especially in my capacity as a financial advisor. The illusion is that people come to financial planners for financial advice. Planners often assume...

What’s Behind Soaring College Costs and What You Can Do

Since I first wrote on the increasing cost of a college education in 2011, has anything changed? The short answer is “no.” The cumulative increase in college tuition has been much higher than the cumulative increase in inflation over the past 40 years. Between 1980...

What’s Worse Than Having No Will? Having Two

Estate planning matters. Not having a will can leave surviving family members to struggle with legal complexities, increased costs, and strained relationships as they make decisions that they can only hope the deceased would have approved. It adds pain and heartache....

Predictions of US Dollar’s Demise Did Not Come True

At the height of the pandemic recession, a June 22, 2020, headline in The Capitalist.com caught my eye: “Dollar Will Plunge 35%, Lose Status As World Reserve Currency.” The article opened with, “The US dollar is on the verge of a 35% collapse. It could also lose its...

Faux Financial Intimacy or Genuine Communication

Are you and your spouse truly aligned when it comes to finances? Do you rarely experience conflicts about money? If so, you might have financial intimacy in your relationship. This goes beyond merely sharing financial information. It involves both partners feeling...

Maintaining Elder Independence Without Burdening Your Family

As we age, what does staying independent look like? This is a tale of two families, similar in political and religious beliefs, income, and net worth, who approached aging very differently. The first family had a culture of self-reliance. As they aged, the parents...