Many people want to understand investment planning, but it’s far more effective to determine why you’re investing in the first place. A strategy for investing is an essential step in your financial plan. Once you identify your objective (i.e., retirement, new home, college fund, or legacy planning), determining the choices that will best help you […]
What is the Gray Divorce Phenomenon, and It’s Impact?
What is a Gray Divorce? A gray divorce is a divorce that occurs later in life, typically to a Baby Boomer who is over the age of 50. There are various names, including grey divorce and silver divorce, which some prefer. They are becoming increasingly common. While the divorce rate in the United States has […]
Collaborative Divorce – What it is and How it Works
Collaborative law is a process for ending a marriage. In includes a team of professionals trained in non-ligated dispute resolution. A collaborative divorce process combines divorce mediation and a traditional divorce with attorneys. The team may include other specialists, including: A financial specialists or advisor or coach with financial expertise Divorce coach Child specialist (as […]
What is the Difference Between Rich vs. Wealthy
Most people do not know the difference between rich vs. wealthy, and many think it means the same thing, but it’s not. Without understanding the terms, it is easy to believe they are synonymous. But once you have a sense of rich vs. wealthy, you will understand why wealthy is a much better option for […]
What is Social Security, and How Does it Work?
Preparing for retirement can seem intimidating, especially when you don’t understand the importance of Social Security planning. So, to make it easier for you, we’ve gathered everything you need to feel confident and empowered in collecting Social Security payments later in life. Read on to learn what Social Security benefits are, when and how to […]
What is Long-Term Care Insurance?
Long-term care insurance is designed to cover your care if you need it. You must qualify for long-term care coverage before you can purchase a policy. It is hard to imagine that you might be unable to perform the same daily activities you do now. We must plan now for a long life expectancy and […]