Family fights about aging loved ones are a common problem, with a parent’s diminished capacity to handle money being a frequent source of conflict. What can you do if you see a hassle brewing in your family? Can painful warfare be prevented? The short answer is yes, sometimes being proactive and looking ahead can stop
Being a stay-at-home parent isn’t easy. Even if you’re great with money, you may still need to do some extra planning and work before your family is truly ready to live on one income. There’s a lot to consider financially in this situation, from the costs of losing one salary to the costs of childcare.
Caring for aging parents is something you hope you can handle when the time comes, but it’s the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps you can take to make your life—and their lives, too—a little easier. It’s time for a chat
A growing concern for many people in their 50s or 60s: Will my mom or dad become the victim of elder fraud? Sadly, the chances are pretty good. In fact, at least 20% of older adults have been victims of elder financial abuse, according to the Center for Financial Services Innovation. Scammers are getting more
Once thought to give a “leg up” when kids enter the real world; in today’s real world of information, complex options and decisions, understanding investing as an adult is now more of a necessity. Investing is a tool to earn money that your child can use their entire life. Since finance is typically not taught
Michael Farrell, a wealth manager to millionaires, believes there’s much more to inheritance than handing over money. Farrell is managing director of a wealth management firm whose typical client is worth at least $10 million. “We tend to work with a lot of first-generation wealth creators. They have a bit of a blue-collar mentality about their