A wise friend recently asked me: “What should I be doing now to prepare for the next economic recession?” Whether you think the next downturn is nearly upon us, or is still years away, this is an excellent question to ask. Having lived through several economic downturns and having observed …
If your New Year’s Day list includes these 3 things: Nurse a hangover Take down holiday decorations Return gifts you’re probably not alone. But what about doing something different, something that could actually improve your future life? Here are 3 smart and simple things you can do to get off …
This has got to be one of the most important, and often one of the most difficult, questions that I am asked. Couples have a unique opportunity to build a bright, positive future together, with the power of TWO, rather than one. But how do you do that? Believe me, …
Last month, we discussed the 5 key questions to consider when nearing retirement. These covered the areas of health care, housing, lifestyle, and family. This month, we’ll get down to the question of income, the next important part of this adventure. The first part of this question is usually “How …
Ever wish you had a friend who had successfully retired and could tell you what you need to do?You’re not alone. After helping clients to retire successfully over the years, I’ve observed there are some common, practical steps that help lead to a smooth transition. Whatever retirement may look like …
Last month, we talked about WHY you may want to consider carrying life insurance coverage. We used the acronym LIFE to clarify four different purposes that life insurance can potentially serve. Using those four reasons, we then discussed the amount of life insurance that may be aligned with your purpose. …
Ah, summer! The approach of warmer days and the end of the school season mean a change of schedule for most of us. Whether your summer activities include traveling afar or staying at home; watching movies or watching kids; spending more time outside – or more time inside, for those …
It’s a tough conversation. Mom and dad are getting older, and the kids are wondering what changes life may bring in a few years. Handling this conversation with care and grace is possible; the key is to be aware of a few important tips to keep the dialogue going. How …
It seems like a simple, and sensible, question. Also known as “How much should I have saved?” and “Am I ahead or behind?” – it is a question that planners everywhere strive to answer in some way. The real answer, of course, is that there is no single answer. In …
Tax Season is Upon Us! I have been fielding several questions about tax reporting recently, which is no surprise given the time of year. Since most of us only dust off the books and do this activity once a year, a few reminders might help. This is not meant …
