Browse recent articles or search for a specific topic.
How To Choose Between Different Pension Buyout Options
Many employers used to offer pension plans to their employees. Pensions are financial vehicles designed to replace a portion of the employee’s wages during their retirement years, providing them a reliable income for the rest of their life.
Nowadays, pensions have fallen out of favor among many employers due to the maintenance costs, increased longevity and compliance obligations. Because of this, many employers are seeking to buy people out of their pension benefits, either with a lump sum or different lifetime income benefits.
If you’re in a position where an employer is offering to buy you out of your pension, it’s critical to learn how to assess different options.
6 Financial Matters To Discuss With Older Family Members
Discussing money, health, and mortality with loved ones can be incredibly difficult. Despite the discomfort you may feel, these discussions are critical to build trust and ensure the wellbeing of all the generations in your family. Here are six financial matters you should be discussing with your older family members.
Emotional And Financial Considerations Of Lending Money To Loved Ones
No matter how much money you’re considering lending to a loved one, there may be some difficult emotions that accompany that.
How To Approach Selling Your Small Business
Many entrepreneurs dream of the day that they can sell their business. However, selling a small business isn’t as simple as preparing to sell a publicly traded stock or even a home. This is how to approach selling your business, along with some financial and tax considerations to bear in mind.
How To Protect Yourself And Your Family From Financial Scams
“Grandma, I’m in jail and I need you to wire $10,000 for bail,” a deepfake scammer once told my grandmother. Technology can make the voice of a scammer virtually indistinguishable from that of a loved one. That, paired with time-pressure tactics, can leave victims too scared to think logically.
In this case, luckily, my grandmother texted me immediately and I assured her the call was not real. This is how to protect yourself and your family from financial scams.
MY BOOK
I seek to make personal financial planning less scary.
This book provides a simple guide for working through life's biggest financial questions facing couples in their 20s, 30s, and early 40s today. It starts with goals-based planning around topics including retirement planning, education planning, and major purchase planning. It then walks through some basics of investment management, options for how to invest, behavioral finance, and pitfalls to avoid. Lastly, it discusses risk management and insurance.
If you are not sure where to start, this book may provide some clarity.