Couples fight about money. Money fights can put a strain on any relationship and are a frequent cause for divorce. Divorce is one life event that will almost always derail a financial plan.
So how can you manage those money disagreements and keep your relationship on track? Communication and self-reflection go a long way toward generating happy relationships, no matter the topic. Here are some good strategies to employ to help work through some awkward situations.
We all deal with death differently, including coping with a parent's death. Adult children might have some unique considerations, especially with the last parent's death.
My mom died Dec. 21, 1998. My mother-in-law just died Dec. 26. My husband and I had very different experiences. My mom was only 66, and her death was unexpected . Mike's mom was 92 and, while her death was not a surprise, we still weren't fully prepared. Both funerals had timing constraints due to the holidays.
It’s the start of a new year, which means it’s time to make—and hopefully begin to implement—New Year’s resolutions. Eating healthier, getting more exercise and saving more money are among the most popular.
They remind me of a program developed in 2003 by Barbara O’Neill and Karen Ensle of the Rutgers Cooperative Extension Service called “Small Steps to Health and Wealth.”
I wasn’t going to do it. I wasn’t going to write about overspending during the holidays, but I can’t help myself. I got sucked into the Black Friday/Cyber Monday hype.
I found myself poring over the sales ads and wondering what I should buy. Were there any great deals I just couldn’t pass up? Was there anyone who could use any of these deals? Thankfully, I had limited mobility and no desire to fight the crowds. Of course, there are deals online, and it is easy to jump from store to store. That made my shopping spree a little more dangerous. Click, click, done!
Thanksgiving is now one of my favorite holidays. Besides the food, friends and family gatherings, it gives me time to reflect on how blessed I am.
We so often look at the world and our personal situation and see what’s wrong or what’s missing. Gratitude is an ongoing action, a state of being or a way of life. It is an ongoing habit. I am not a gratitude expert but do believe it is an essential part of cultivating a truly fulfilling life.
As we age, we slow down physically and cognitively. The physical aspects of aging are more noticeable than the cognitive. My family has watched my mother-in-law slowly lose her cognitive ability, and she now suffers from advanced dementia.
According to the Centers for Disease Control and Prevention, “Cognitive impairment is when a person has trouble remembering, learning new things, concentrating, or making decisions that affect their everyday life.” It is a normal part of aging, but the depth and severity can vary greatly.
As I’ve aged, my fondness for amusement parks has waned. I grew up in Illinois, and our park of choice was Six Flags outside of St. Louis. As my kids were growing up, we ventured to Holiday World and later Kings Island. While I still love a good Disney vacation, my entertainment choices have changed along the way.
I was at a retreat recently with fellow planners, and one of the topics was, “Lessons Learned from the ’08 Meltdown: How Are You Preparing Your Portfolios and Clients?”
We know a bear is coming; we just don’t know when or how hungry it will be. I don’t worry about individuals like my son, who are young, well-educated and financially sound. I worry about retirees, especially those who have just retired. The consensus among attendees was that the portfolio construction was the easy part; managing client emotions would be more difficult.