Most parents will say that they want to help their children as much as they can and give them every advantage. But what if “every advantage” comes at the expense of the parents’ retirement savings and investments? According to a survey by NerdWallet, 80% of parents...
Resource planning for your child after you are gone is a straightforward process. Essentially you need to plan for expenses over and above their government benefits, and depending on the stability of their employment, their personal income. The first step on this...
Due to COVID-19, Americans are spending more time at home than ever before, leading to a record amount of spending on home improvement.1 It’s not that big of a surprise since many Americans now find their homes are doing triple duty as a place to live, work, and...
What steps can a family take? Besides impacting lives and relationships, dementia can also impact family finances. It may call for another family member to assume money management responsibilities for a parent, grandparent, or sibling. It may increase the risk of...
In an earlier post we discussed the importance of choosing the right person or people to be your child’s Advocate when you are no longer around. Whatever plan you have in place for your child once you are gone will only work as well as the individual(s) you choose to...
