Families Dealing with Addiction: A Roadmap to Stability and Support

Families Dealing with Addiction: A Roadmap to Stability and Support

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This Content Is Not Sponsored

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 .
Divorce + Emotions + Money Innocence

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 .
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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

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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

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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

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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?

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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

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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

5 Reasons Why Renting May Be Right For You

Education Featured Lifestyle Risk Management Stories

Somewhere along the way the “American Dream” was to own a home. But, should it be? It has been somewhat of an ideology for generations that owning your home means that you have achieved a certain milestone in life. That status symbol of owning a home has been one reason home ownership has remained at around 65% since 1960. But I am here to tell you that the status symbol of owning a home may not always be worth it. Don’t want to be house poor. Not buying more than you can afford may be obvious, but buying a home usually ends up becoming an emotional purchase versus a rational purchase. It is easy for people to fall in love with a home, in which they can easily talk themselves into taking on a larger mortgage and tax payment as well as wiping out their entire savings or dipping into .
  June 25, 2019 0

Paper Overload

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Is your garage or home filing system overflowing with bank statements and paid bills from ten years ago?  Are you unsure about what documents need to be retained and what can be tossed? Speaking of tossing, what documents can be tossed in the trash, and which should be shredded?  Are you wanting to finally get control of your documents? If so, here are some suggestions for getting that paper under control today. Implement an electronic filing system, where you can easily store all vital documents without the need to hold on to them indefinitely. This can be done in several ways. Create a virtual file cabinet with file folders right on your computer desktop. You may run into some issues both with storage space as well as recovering the documents if the computer crashes or it .
  June 4, 2019 0
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