Tag: financial dependency

When Financial Help For Adult Children Harms Both Generations

A common issue I see with financial planning clients is whether and how to provide financial help to adult children. Should they pay for college? Cover the down payment on a home? Help out with expenses for the grandkids? Take care of debt or bail out financial...

Are You Financially Dependent on Your Advisor?

In researching financial dependence for last week’s column, I realized this money disorder shares similar characteristics with Dependent Personality Disorder as defined in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5). If you think you may be...

Financial Dependency: Relying On Others For Money

Do you rely on others for the bulk of your monthly income? If so, it’s possible your relationship with money may be suffering. Many people experience setbacks or life circumstances that result in temporarily relying on others for financial help. Being financially...