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Jul
23

Conversations About Planning for Incapacity or Death

man-talking-elderly-mother

Any conversation about planning for incapacitation or death is uncomfortable for many people, especially if you are having the discussion with your parents. It is important to remember however, that this discussion while uncomfortable will spare you additional stress and pain when you and your family are going through a crisis.

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1160 Hits
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Apr
08

Financial Literacy #3: Becoming Debt Free

Debt-free man with lots of cash

Your biggest wealth building tool is your income. If your debt payments leave you with nothing left over at the end of the month, it’s time to get serious about paying off your debt.

Start with a financial inventory of your current assets (savings and retirement accounts, business accounts, home equity) and liabilities (credit cards, student loans, mortgage payments, car payments).

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625 Hits
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Feb
25

Gray Divorce

gray-divorce

Gray Divorce refers to an increasing divorce group that involves older couples who have been married 20-30+ years. This is becoming a common occurrence as boomers age and their offspring settle out on their own. Because the stigma of divorce has greatly diminished and older couples no longer have an obligation to young children, many couples are choosing to separate. Since 1990, the rate of divorce after age 50 has doubled. This causes some often-tricky circumstances especially when it concerns finances and assets.

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827 Hits
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