A dilemma facing some people as they transition to retirement is where to live once their career no longer ties them to a certain town. Do you move to be near your grown kids? Look for warmer weather? Create the feeling of permanent vacation by moving to a beach? Chase the best tax benefits? …
Whether you are a climate change embracer or denier (and please, I don’t need to know), there is no disputing this has been one hot summer. And excessive heat is dangerous, being responsible for 134 deaths per year on average according to NOAA.* As an investor is there a way to profit from high…
Welcome back to guest blogger Maureen Kelley! Maureen is a passionate advocate for empowering and engaging women to have healthy relationships with money. For more information visit: www.madreandfamily.com. We pick up from last week’s article about managing couples managing their relationship when the female is the primary breadwinner. Women have been outpacing men in…
Welcome back to guest blogger Maureen Kelley! Maureen has been a financial advisor, private banker and wealth manager for nearly 30 years. A certified family coach and financial therapist, today she helps people with conversations and challenges beyond the money. With a unique perspective, she writes and blogs, facilitates workshops and retreats, and coaches…
That last blog made me think about the best way to get rid of that old crap, er, I mean valuable collections. Remember, what you get rid of now, your kids won’t have to later. Plus, it’s summer. The perfect yard sale weather. I’ve said before, I perversely enjoy putting on a yard sale. …
As part of my fact finding when I meet with a new client, I ask for the value of things like home, autos, boats, jewelry, art, and collections. The answers vary widely (once a lady had $200,000 in jewelry!), and I don’t really use the values to create retirement income. The collections question can…
I am thrilled to feature a guest writer, Maureen Kelley, over the next few months. Maureen Kelley has been a financial advisor, private banker and wealth manager for nearly 30 years. A certified family coach and financial therapist, today she helps people with conversations and challenges beyond the money. With a unique perspective, she writes…
Another year, another attempt to fix our retirement laws. As I write this, the SECURE Act (Setting Every Community Up for Retirement Enhancement) is working its way through the Senate with bi-partisan support. By the time you see this blog (I write them a few weeks in advance), this could be law. Here are…
Check out Kristi’s advice in this Nerdwallet article! What should you do when your grown kid can’t handle their finances? “Parents want to help their kids — it’s what we do. When those kids are adults, though, our help can hurt. Financial planners and credit counselors see plenty of examples. The grown son who…
Often reporters will ask members of the Financial Planning Association for a quote on risks retirees face. Sure, inflation, medical expenses, lower than expected returns are old favorites, but my answer is typically this: The biggest risk to some retirees is their grown children. If adult children of retirees are in the habit of…
