Tag: Money and family
May 15, 2023
Last week I discussed the risk of having a long-term financial plan dismantled late in life by adult children, usually with good intentions. What can you do to guard your financial plan against this possibility? Here are several suggestions to consider. Clarify for...
May 8, 2023
When someone engages an “advice-only” financial planner, the relationship often lasts for the client’s life. I have experienced this with numbers of clients over my 40-year career. One of the main concerns many of my elderly clients express to me is a need to be sure...
Oct 3, 2022
References to income and wealth inequality generally focus on how unevenly income and wealth are distributed throughout a population. The greater the gap between those at the top and the bottom, the more problematic it can be to the social health of a country. In a...
Apr 18, 2022
Someone who wouldn’t dream of betraying their spouse or partner by having an illicit affair may be risking the relationship in another way: by committing financial infidelity. Being financially unfaithful to a partner has the potential to be just as damaging to the...
Jan 3, 2022
What makes life worth living? This question is at the heart of financial life planning and financial therapy. I remember my late mentor Dick Wagner, CFP, talking about reviewing a person’s financial statement during a visit to Japan. Along with the normal...
