Money conversations between parents and adult children are difficult at best. Issues such as investments, retirement planning, estate planning wishes, and elder care are never easy. A study by Fidelity Investments entitled, Intra-Family Generational Finance Study, highlights some of the key issues involved. A lack of communication and planning can be costly to the family in
Buying a car can be daunting. There are so many options: make, model, price range, must-have features, things you can compromise on, and of course, getting the best deal. Whether you’re looking to buy new or used, we have some tips for you on budgeting and making a smart purchase. Choose wisely. Choose the make
Today, more and more investors are steering away from residential real estate in favor of the more lucrative commercial sector. Unlike residential properties, commercial real estate offers longer lease terms, fewer ongoing expenses, and a significant return on investment. As long as you do your research and understand the risks involved, commercial property can make
As more and more baby boomers retire, many of them flock south for winters. Often called snowbirds, they like flying to a sunny, warm climate where they won’t need to shovel the snow off the sidewalk or face a car battery than won’t crank. However, before taking off for your winter destination, ensuring your home
Getty I received a call this morning from someone looking for a planner. The conversation went something like this. “Hi, I am looking to work with a financial planner and I found your name on the NAFPA site.” “Great,” I said. “How can we help?” “Well, I am in my mid-40’s. My wife and I
If you’re worried someone could steal your personal identity and buy something on credit or get a loan in your name, “freezing” your account at credit reporting bureaus could stop identity thieves cold. Not only that, Congress recently passed a law that ordered credit reporting bureaus to offer free credit freezes. More on that below.