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Posts Tagged ‘retirement planning’

Smart Ways to Build a Moat Around Your Wealth

Have you taken steps to protect the assets you have worked so hard to build?

Chances are, you know someone who has been sued. Maybe that someone is you.

The fact is, your enviable position as a successful person comes with a major downside: You’re a potential magnet for lawsuits—which may very well be frivolous and unfounded—and other attacks that can wreak havoc on your financial health.

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What Happens to Our Digital Assets After We Pass Away?

So, you’ve crafted a plan for how you want your wealth, possessions and other assets to be distributed after you die. But what happens to your digital assets—online bank and investment accounts, social media profiles like Facebook and LinkedIn, and access to shopping sites like Amazon and Ebay?

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Maintaining Marital Bliss Through Your Retirement Transition

Compromise is a key component in any happy marriage. It gets couples through the many roadblocks that life places in the path of a long-term, committed relationship. And while the ability to negotiate and reevaluate throughout the long haul goes a long way, even the strongest partnership can find itself buckling under the stress of retirement. The hopes and dreams of a what a life in retirement will look like can change over the course of a marriage. Couples who had previously expressed shared notions of what they want in their retirement may find themselves going in different directions when a life of work finally ends. Many couples who have had decades of marital bliss with little discord find themselves stressed and unhappy when retirement finally comes.

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Hurricanes and Tornadoes in Your Financial World

My wife Sandy and I sat huddled in the dark; the wind outside howled as if a freight train was going by. It was the fall of 1984, our first hurricane experience in Wilmington. Hurricane Diana raged outside for 2 days, it was the first major hurricane to hit the U.S. East Coast in nearly 20 years. Sandy and I made all the classic preparations: uselessly taping masking tape to all the windows and stocking up on water, batteries, bread, ice and—of course—beer. We had plenty of advance warning because, even 30+ years ago, there were satellites, radar, airplanes, weather buoys, and other means of assessing and informing us of a potential crisis.

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Financial Literacy from Childhood to Adulthood

As a parent and a financial advisor, it has always been important to instill the value of financial knowledge and to encourage other parents to teach their children to understand the fundamentals of good financial decision making.

Unfortunately, lessons in money management can fall by the wayside and by the time kids are starting to make their own money choices they do not have the tools to avoid costly mistakes.

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