The Silent Struggle: Why Baby Boomers Avoid Tough Conversations About Health and Wealth

The Silent Struggle: Why Baby Boomers Avoid Tough Conversations About Health and Wealth

Education Featured Financial Planning Lifestyle Money

Navigating the “Money in Motion” Era

Navigating the “Money in Motion” Era

Featured Financial Planning Investments Risk Management

In today’s rapidly evolving financial landscape, characterized by technological advancements, global economic shifts, and changing consumer .
Families Dealing with Addiction: A Roadmap to Stability and Support

Families Dealing with Addiction: A Roadmap to Stability and Support

Featured Financial Planning Investments Lifestyle Money Risk Management

Dealing with addiction within a family can have a profound impact on various aspects of life, including finances. It is crucial for families to .
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The Silent Struggle: Why Baby Boomers Avoid Tough Conversations About Health and Wealth

Education Featured Financial Planning Lifestyle Money

In the wake of profound societal shifts, Baby Boomers—those born between 1946 and 1964—have often found themselves at a crossroads. While this generation has made remarkable strides in various aspects of life, one area where many still struggle is in discussing crucial topics like health and wealth. This reluctance to confront these subjects can have significant repercussions for families, ranging from financial strain to emotional turmoil. For Baby Boomers, the values of self-reliance and privacy have been deeply ingrained since their youth. Growing up during a time when the emphasis was on personal success and independence, many Boomers learned to avoid discussing sensitive issues. This cultural backdrop has resulted in a generation that often shies away from conversations about .
  July 30, 2024 0

Navigating the “Money in Motion” Era

Featured Financial Planning Investments Risk Management

In today’s rapidly evolving financial landscape, characterized by technological advancements, global economic shifts, and changing consumer behaviors, the role of financial advisors has never been more crucial. We are living in what can aptly be termed the “Money in Motion” era, where financial decisions are made swiftly, and the need for expert guidance is paramount. The “Money in Motion” era encapsulates the dynamic nature of contemporary financial markets. With the advent of digital platforms, algorithmic trading, and decentralized finance (DeFi), money moves at unprecedented speeds. Transactions that once took days can now occur in seconds, and investment opportunities emerge and vanish in the blink of an eye. This rapid pace of change presents both .
  May 29, 2024 0

The Looming Giant: U.S. Debt Interest Costs

Economy Money Risk Management Stock Markets

In the intricate tapestry of the United States’ economy, few threads are as significant and yet as often overlooked as its debt interest payments. With interest on US debt nearing a staggering $1 trillion annually, it’s a financial phenomenon that demands attention and understanding. Surprisingly, despite the seemingly alarming figures, interest payments as a percentage of GDP are lower than they were in the 80s and 90s. What exactly does this mean, and why should we care? The Magnitude of US Debt Interest At nearly $1 trillion per year, the interest on US debt is a formidable chunk of the national budget. To put it in perspective, that’s more than what many countries’ entire economies produce annually. This colossal sum is the cost the government incurs for .
  April 26, 2024 0

Families Dealing with Addiction: A Roadmap to Stability and Support

Featured Financial Planning Investments Lifestyle Money Risk Management

Dealing with addiction within a family can have a profound impact on various aspects of life, including finances. It is crucial for families to not only provide support and care for their loved ones struggling with addiction but also to navigate the financial challenges that may arise. In this article, we will explore effective strategies for financial planning to help families facing addiction maintain stability, protect their financial well-being, and facilitate their loved ones’ recovery journey. The first step in financial planning for families dealing with addiction is to assess the current financial landscape. Some families may have the resources to afford the top care, though others may end up putting their own financial welfare at risk. Developing a realistic budget is .
  June 14, 2023 0

This Content Is Not Sponsored

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Every month I sit down to write this newsletter with the hopes that you’ll find it interesting and timely and that it will make some difference in your life.  I try to resist making any predictions about where the market, economy, interest rates or inflation are headed. Not only is there too much of that out there already but some of the sources seem more interested in getting you to sign up for their email, buy their book, listen to their podcast, or take their course than in providing real insight. I have been cultivating sources for years that I find interesting and that are trying to turn out relevant and insightful content. The good ones are few and far between.   What I don’t like are the sources that put out scary content alleging the world as we know it is .
  May 15, 2023 0

Divorce + Emotions + Money Innocence

Education Featured Lifestyle Risk Management Stories

Financial assets can refer to many different types of accounts, investments, cash, cars, collectibles, real estate, and much more.  During a divorce, the individuals involved will often only discuss splitting everything 50-50.  However, some of these assets may be more important to one spouse over the other considering the liquidity or illiquidity of an asset or taxable consequences to one spouse or the other. It’s easy to divide cash. During divorce it is often used as a bargaining tool to offset splitting other assets.  You have a retirement account, for example, with $100,000 in pre-tax savings (taxes are owed at withdrawal) and you want to keep it entirely on your side of the balance sheet. To offset you are giving your spouse more cash from your regular savings to .
  March 29, 2023 0

In Bear Country Without Enough Toilet Paper

Economy Education Featured Stock Markets Stories

The pandemic is here, and we’ve found ourselves in bear country without enough toilet paper. When markets fall as rapidly as they have over the last few weeks and the country is going into lockdown, it’s reasonable to be worried about a situation that seems unprecedented. But let’s not panic. Because we’ve been here before. The last outbreak to achieve pandemic status was the H1N1 Swine flu, which hit U.S. soil in April 2009.1 You may hardly remember it because markets were on a tear after bottoming out in March 2009 and the outbreak barely registered with investors. However, some say that COVID-19 is nothing like recent epidemics.  So let’s take a look at one of history’s worst pandemics: The 1918 Spanish Flu. Nearly one-third of the world’s population contracted the disease and .
  March 17, 2020 0

Spending in Retirement

Education Featured Lifestyle Risk Management Stories

When it comes to retirement and finances, there is no shortage of advice on why you should save or how you should save. You see the commercials on TV showing one tiny domino gradually becoming a massive tower, or friends and family members are always open to share their success stories, and of course is are a plethora of books and articles on becoming a millionaire by retirement. Much less attention, however, is given on how to spend those savings once you’re actually retired, even though it’s a significant part of the equation. After all, it doesn’t matter how much you save if you blow it all in a year. Here are a few considerations to keep in mind as you begin chipping away at that nest egg. How Much to Spend:  The simplest way to budget for your retirement .
  November 13, 2019 0

Why is it so hard to buy a new washer/dryer?

Featured Lifestyle Stories Technology

Granted, I lean towards being cheap when I am considering new, large purchases and I tend to own “things” for a long time. As long as it works, why replace!  Plus, I am a financial planner and I would rather save money then spend my hard-earned money.  Putting that aside, my 20-year-old washer was finally dying. I’m being forced into the purchase mode – research, evaluate, google, etc.  A LOT has changed in 20 years. I was looking for a simple machine that fit into my laundry room. This alone was a project.  I live in a 68-year-old house with rooms that are sized to 68-year-old appliances and plumbing.  First challenge was to find a machine that would fit through the interior door or was low enough to clear the water hook-ups.  Not possible with today’s .
  July 30, 2019 0

Divorce + Financial Planning

Education Featured Lifestyle Risk Management Stories

Authored by Lauren Mullee, Partner with Buncher Family Law. Reprinted with her permission. Lauren Mullee, partner with Buncher Family Law, recently met up with Keythe Ward-Aguilar Certified Financial Planner and founder of ProCore Advisors, in Newport Beach, to discuss the implications of divorce and financial planning. After initially working as a stockbroker, Keythe experienced her own challenging divorce. Through this experience, she discovered a passion for helping individuals going through transition. After the financial changes she experienced personally, she saw firsthand how valuable financial planning is for the entire family’s future. She brings a wealth of knowledge, plus her own personal experience, to guide people in planning for their futures. Q: What challenges do you .
  July 18, 2019 0
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