FINANCIAL ADVICE BLOG

Sometimes not making a move may not be the best move to make A decision not made may have financial consequences. There is an old belief that women are more cautious about money than men, and whether you believe that or not, both women and men may fall prey to a kind of money paralysis as they age – in which financial indecision is regarded as a form of “safety.” Retirement seems to heighten this tendency. If you are single, retired, and female, you may be extremely fearful o

According to National Center for Women and Retirement Research, in the world today there is a $1 trillion intergenerational wealth transfer going on of which 70% is going to women. In fact According to the National Bureau of Economic Research, in recent years more women are graduating from college then men with women starting their own business at a rate twice that of men. According to the census held by the Social Security administration, women today are breadwinners or co-b

A few weeks ago I was interviewed by a journalist, Marcie Geffner for her article for FOXBusinees.com on - "Peppy Ways to Fight Budget Burnout". The conversation was very interesting and in fact she used a few ideas I shared with her in her article. Budget Burnout is something I have had to address with my clients frequently as it's a phenomenon that raises its ugly head at almost every home. We don't need to have a national recession to feel it, all we need is to look at our

I departed quietly from Corporate America after 18 years of faithful service; I left the mother ship behind. The cold sweat and pulsing heart beats that I awoke to each night for the next 2 months, were the physical manifestation to the intellectual realization that I was now the mother ship, not only to my children, but to my business. When you open up your own practice or business the range of feelings you embark on can be the most euphoric excitement to be coupled only wit

I have never given my children an allowance. Primarily my own laziness prevented me from starting another bookkeeping challenge. I also felt that with six of us in the house, each member of the family needed to realize early on that he or she needed to contribute to the household in one form or another. The question then becomes how do you teach your children the value of money? Or for that matter, how will they learn to handle money if you don't give them any? Easy - I have

For as long as I can remember myself working with clients on retirement planning, the word "retirement" has been banned!! Yes, clearly banned from the conversation. It was always replaced with phrases such as "second career", "dream job", "favorite pass time" but never retirement. You may wonder why I am so adamant about this. Well allow me to explain. In previous generations, many moons ago, people worked until they died or they were no longer productive to the tribe or soci

With a child out of college, one in college and two others to follow, college education and its value has become the topic of the decade for us. I have spent years planning with clients for the eventuality of paying for college and now, as the paying parent, I can tell you that writing those checks each year is painful, frustrating and frankly makes you question its value. With the global market becoming just that, global, competition for jobs has never been fiercer. The last

This year, after we have all muddled through news headlines that change from minute to minute, crying out doom and gloom from start to finish, don't be surprised if you are emotionally drained and mentally spent. That's why at this holiday season I want to remind all of us that what is really important is not how many winning hits you had in Atlantic City, the interest rate you managed to get on your checking account or the refinance you survived, but rather, how is your heal