Financial Planning

The Financial Impact of Caregiving

Did you know…52 million caregivers (one out of every five households) are involved in caregiving to persons aged 18 and over, and that number continues to grow? 1 You might be thinking: ”Wow, but that will never pertain to me.” But you might want to ask yourself this question: “Will one of my family members need my care in the future?” If the answer is no, you might want to think again. 80% of caregivers in this country are...

Is Organization Hurting Your Financial Future?

Ted was savvy with numbers and kept all his personal finances extremely organized. He was a successful middle class American and had several accounts set up, each with a purpose. There was an account dedicated to saving money to buy his next car, an account for emergency funds, an account for the grandkids, and various investment accounts. Ted was also...

What Is Your Biggest Financial Concern?

If you Google the top financial concerns of Americans, you will see zillions of polls taken. The interesting thing is that the top three, though interchangeable, are fairly consistent: retirement and/or maintaining their current lifestyle, living paycheck to paycheck, and paying for healthcare.
Louisa May Alcott had it...

Wealthy or Not...a Poor Credit Score Can Hurt You

Just recently I was speaking with one of my more affluent clients who wanted to lease a new vehicle and could not! Why? Her credit score was not high enough.
Whether you are wealthy or not,having a bad credit score can cost you hundreds of thousands of dollars over your lifetime. Suppose two executives who have worked at the same company for the same amount...

How Do You Measure Your Wealth?

If you ‘Google’ this question, it results in all sorts of mathematical tools that tell you how you should add up your assets that you have acquired over your lifetime. However, if you read about half way down the first page of search results, something changes with the addition of the word “true.”  There is a perfect quote by...

Are You Taking Your Financial Supplements?

Recently I was speaking with a client about how important it is to take preventative measures in regard to health - eating right, exercising and taking the right supplements. People are living longer than ever before, but that doesn’t mean we are living healthier than ever before, which can prove to be a double whammy. The same double whammy applies to...

I Don't Budget Because...

You’re not alone-whatever your excuse may be. It’s too time consuming, complicated, not sure how…Unfortunately, a budget is the very foundation for your entire life plan.Without one, you can’t build any kind of plan without running a huge risk that it may all fall apart. According to a GoBankingRates survey, 1 in 4 Americans’number one...

The Power of the Power of Attorney

I am on a little bit of a soap box about this lately, but for very good reason. We have encountered a few situations that one could hardly imagine. They have been stressful, cumbersome and worst of all--absolutely gut-wrenching.