Category Archives: financial planning

5 Inherited IRA Mistakes That Will Destroy Your Inheritance


Let’s be honest. Stress doesn’t help us make smart financial decisions. I think it’s fair to say when we are inheriting money it’s often a busy, hectic and stressful time in our lives. Here are a few mistakes you want to avoid if you inherit an IRA or other retirement accounts from a loved one. Don’t let these five mistakes destroy your loved one’s legacy. Some retirement account mistakes can be fixed. On the other… Read More »

Stressed Out? Money is the Number One Stressor in Americans’ Lives

There’s no doubt Americans are living in a supercharged, super stressful world right now. Even if the stresses of the world are not necessarily weighing you down, you might have a friend or loved one who is struggling right now. This information and these tips for coping might benefit them. A survey by the American Psychological Association conducted between August 2016 and January 2017 shows that, for the first time in 10 years, Americans’ overall… Read More »

The Unique Financial Planning Needs for Multigenerational Families

Financial lives are inherently complex and require thoughtful perspectives and strategies for you and your loved ones. Multigenerational households pose additional challenges to heads of households. A multigenerational household has two or more adults from different generations. More than 60 million Americans live in multigenerational households, comprising 19% of the population. Living in a household with family members of different generations increased during the Great Recession (2007-2012), and the trend continues. Multigenerational families are formed… Read More »

Five Financial Planning Questions to Ask in Retirement

Enjoying a comfortable retirement depends on how well you prepared ahead of time to support your desired lifestyle, and how well you keep a pulse on your financial well-being after you retire. You may need to check periodically to ensure you can continue to afford retirement and health-care needs, no matter how much planning you did beforehand. To help you analyze your financial standing, here are 5 financial planning questions to ask yourself in retirement.… Read More »

How To Stop Worrying And Love Market Volatility

Karl Kaufman “Buy the ticket, take the ride,” wrote Hunter S. Thompson in his classic book Fear and Loathing in Las Vegas. Equity investors have been on a bumpy ride this month as volatility, lying dormant for what seems like an eternity, returned to the market in force. Wild swings in the Dow — thousand point drops followed by triple digit gains followed by drops and then gains — erased much of January’s returns and… Read More »