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Seven Steps To Purchase A Property Abroad
Many people I’ve spoken with recently are interested in purchasing homes abroad. Reasons vary widely from gaining a path to citizenship in another country, to a desire for a vacation home, to wanting to own something without paying U.S. prices, and more. If you’re in the United States and have your sights set on purchasing a property abroad, here are seven key steps and some pitfalls to be aware of.
How Couples Can Manage Household Expenses With A Large Income Gap
I recently spoke with a couple where one partner made significantly more money than their other half. The person who made more asked me how household expenses should be divvied up. Whether married or unmarried, every couple needs to find an arrangement that works well for them and their relationship.
Too often, assumptions and lack of communication can lead to someone feeling resentful and the relationship being at risk. This is how to manage household expenses with a large income gap.
How To Protect Yourself From The Financial Impact Of Natural Disasters
The United States Geological Survey warns that as global warming progresses, natural disasters will increase in frequency and severity. This is how these natural disasters across the United States affect your wallet and some ways to lessen the burden.
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.
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.