Like almost everyone else, our family is staying home right now and physically staying away from really anyone else outside the family. I feel incredibly blessed that we moved out of the city to the place where we want to …
Interview: Medicare Expense Planning
If you are approaching the age of 65, you’ll soon be eligible for Medicare coverage. For many of us, this sounds like a respite from the annual changes to your health insurance. But what will a switch to Medicare mean …
Alimony, Maintenance, or Spousal Support?
If you are considering divorce or in the process, you may be wondering if spousal maintenance will be part of your financial plan for the future. Spousal support, alimony and maintenance usually mean the same thing, and may be used …
How is Child Support Calculated?
Child support is a crucial issue for any divorcing couple with children. Parents need to know what to expect so they may plan for the future.
Here are the basic questions I hear from couples (in my state, New York) …
So You Want to be a Landlord?
Ask around to any of your friends and someone is always talking about becoming a landlord. It’s also a topic that comes up with a lot of clients in our financial planning practice. Some are unwilling landlords because they can’t …
Aging Parents? Here’s What You Need to Know About Their Finances
One of the most difficult times in our lives are when we finally start to notice our parents are aging. Maybe you don’t see them as much as you used to, and when you do, they aren’t as sharp, or …
6 Common 401(k) Myths, Debunked
If you’re like many of our clients, you have access to a retirement plan through your company. The most common type of plan we see is an employee-directed defined-contribution plan, like a 401(k) or 403(b). You probably have a 401(k) …
What Divorced Parents Need to Know About Financial Aid
When advising divorced or separated parents on the college financial aid process, a number of questions come up that have answers that aren’t intuitive. In this post I will cover the most frequent situations I encounter. I will also include …
The Trip of a Lifetime
As financial planners, we spend a lot of time talking about your vision for retirement.
- What would you do if you weren’t working?
- How will you spend your time?
More often than not, the answer includes a dream trip or …
