Many of us like to think that we are being practical in an effort to be more efficient. This can be especially true when it comes to money later in life. We want a solution that feels simple, efficient, and doesn’t result in added stress. That’s one reason why many people turn to joint accounts, … Read more
My client “Janice” (not her real name) is 66, vibrant, and sharp as a tack. She runs her own consulting business, helps care for her grandchildren three days a week, and juggles chronic pain on top of everything else. One day in session, she shook her head and said: “I know I should be tracking … Read more
What habits do we have, or wish we had? In business or our personal lives, most of our daily actions are completed out of habit without giving them much thought: our morning routine, our drive to work, our bedtime ritual. Have you ever caught yourself driving and asking yourself, did I stop at that stop … Read more
So, how is your cash flowing, my dear friend?Will your dollars last ’til your very end?You’re not all alone in worry’s tight hold—About life or bills, with money so bold! For money’s a mirror, a curious sight,Reflecting your feelings in day and at night.The more that you stress over dollars and cents,The more it reveals … Read more
Over the years, whether on television shows, articles, and financial sound bites, there has seemed to be a consistent message: claim Social Security as early as possible or wait as long as you possibly can. These two age extremes, 62 and 70, seem to get most of the attention. But as with many aspects of … Read more
Most women I work with know guilt all too well. Guilt about not saving enough. Guilt about spending too much. Guilt about saying no to adult children, or yes, when they wanted to say no. Money guilt can be heavy. But underneath it is often something deeper: care, love, and a desire to do right … Read more
For the last few years, it felt like someone was always talking about Roth conversions. Whether it was finance shows on TV, newsletters, or seminars, this message was a constant: “Convert now while tax rates are low. Time is running out!” This was likely motivated by the Tax Cuts and Jobs Act of 2017 (TCJA), … Read more
My aging parents live in their own home and are managing their day-to-day activities and financial affairs with admirable fervor and zest. I see them every few months, and we talk regularly on the phone. They acknowledge things are changing. As a daughter, a CFP professional, and financial life strategist, I know the ‘talk’ is … Read more
Being a family caregiver doesn’t only impact you physically, mentally, and emotionally – it can also hurt you financially. It is not uncommon for family caregivers to utilize their financial resources to care for their loved ones. According to an AARP survey, one-third of caregivers stated that they have had to dip into their savings … Read more