You may or may not know that November is Long-term Care Insurance Awareness Month. Now, this may not sound like a fun topic to spend a month talking about, but I can tell you from personal experience – three examples in my extended family in fact – that if you need this coverage and don’t have it, there will be regrets.
What comes to mind when you think about replacing your roof? Spending money you’d rather spend elsewhere? Tedious decisions such as tile versus shingles or metal? Now think about remodeling your entire home. Are you picturing yourself in a comfortable new oasis that suits your every need? We thought so.
Spring has arrived and brought with it the second quarter of 2021, and as usual we’ll be communicating our thoughts this month to those of you who are in our Envestnet portfolios. Look for that soon. If you’re not an Envestnet client and you’d like my take on the state of things right now, click here to let me know and we’ll chat soon.
Ah, February. The month of love, right? While most people think of romantic love during February, I’m going to focus on ways to take care of your loved ones and your family, especially when it comes to where you spend your money.
In the financial industry, a lot of time, resources and energy have been spent telling the earliest of the Baby Boomers how to effectively create a legacy. For these folks, the investment planning strategy is often, “we’ll take your money and grow it into a bigger pile of money so you can leave a legacy gift.”
In a perfect world, where everyone knew exactly what they should do with their finances and made perfect financial decisions, there would be no need for you to use a financial planning team. The reality is, however, that we all live in an imperfect world, where all of you are very intelligent and highly skilled at something…other than financial planning.
In our last two articles, we’ve explored the concepts of money and happiness. and what exactly you want your money to do and buy for you. We’d be remiss if we didn’t also address what money can buy after you’re gone – in other words, what’s your legacy?
Last week, my oldest son Gates brought home one of those terrible school fundraisers. You know, the kind we all dread that requires your child to raise sponsorships in order to earn a cheap and useless prize. This time, the prize was a giant plastic Frisbee, and Gates wanted it… desperately.
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