The unconscious beliefs we hold around money affect our financial choices throughout our lives—and even beyond. Our money scripts have an impact on the way we think about final expenses for our loved ones and ourselves. I was reminded of this as I read about a recent...
One important thing to take along when you travel abroad is travel insurance. I needed to use mine on three international trips this year: one to London in January, a cancelled one to Puerto Rico in February, and one to Budapest in May. These are the only...
I’ve received more emails and calls from clients on the failure of SVB Bank than I did the stock market crash in April of 2020. That tells me there is wide concern today about the stability of the economy and financial markets. When you listen to politicians and...
Even after 40 years of specializing in all things financial, I constantly learn new things, often from readers. My most recent teacher was Eugenia (Gene) Thornton, the Recorder of Deeds in Kent County, Delaware. She emailed me in response to an interview on identity...
Last week’s column concluded that, while long-term care insurance is unaffordable for most Americans, everyone needs a long-term health care plan. Knowing how long you may live is one of the first variables to consider in putting together such a plan. A number of...
If you want to stop a conversation cold, just ask a group of friends, “Do you ever worry that you might outlive your retirement income?” The response is likely to be nervous laughter. It doesn’t occur to most people to seriously consider this possibility. The greatest...
