Money and You

A silhouette of a male and female presenting adult are center of the image, they are sandwiched between two silhouettes of children to the left and two silhouettes of older adults on the right to illustrate the

Navigating the Financial Squeeze Effectively: Tips for the Sandwich Generation

If you're feeling the pressure of supporting both aging parents and growing children, you're part of what’s called the Sandwich Generation. This group—made up mostly of adults in their 40s, 50s, and early 60s—is growing every year. It includes people who are raising children or helping them launch into adulthood while also caring for older parents or other... Read More

Market Volatility & Tariffs - Lakeside Chat 4-9-25

Recent market ups and downs can be unsettling - especially when headlines seem to shift by the hour. During times like these, it’s natural to have questions about how market changes might affect your financial goals. Read More
An illustrated photo of a family sitting together at the table, some working on computers. The person with grey hair to the left has a speech bubble that has icons of a home, legacy, will, and money. They are talking about estate planning.

Avoiding Family Burden: How Estate Planning Brings Peace After a Loss

Family relationships are so fundamental to our personal identity and so often they are complicated. During a time of grieving and mourning over the death of a loved one, family relations can become even more emotionally charged. Although none of us can avoid death, it is possible to minimize any potential burdens on your family through advanced, careful... Read More
I'm suddenly rich, now what do I do

Uh Oh! I’m Suddenly Rich. Now What Do I Do?

Surprisingly, dealing with sudden wealth can become a nightmare. Learn the five steps you can take immediately to successfully manage the financial and emotional crises that can come with sudden wealth. People come into financial windfalls in a number of ways: Lottery Sale of Business Stock options Inheritance Read More
Graphical illustration of someone and their dog sailing away from an island, an impending storm chasing them. The person has binoculars in hand to help them traverse the perils of the sea.

Solo Agers: How to Chart Your Course to Avoid 5 Common Perils

Let’s face the truth. If you’re reading this, you’re breathing. And if you’re breathing, you’re getting older. And for an increasing number of us, that may mean you’re a solo ager. Navigating life as a solo ager means you are aging independently without a built-in safety net of immediate family support. Read More
An illustration of the side profile of a brain, tinted blue. It's centered on a yellow background, with faded question marks all around it

Financial Planning Steps to Take at the First Signs of Memory Loss

Facing the early signs of memory loss can be unsettling, but it’s also a critical time to act. Creating a strong financial and legal foundation as soon as you can ensures your wishes are honored and your loved ones are protected. Whether for yourself or a loved one, addressing these steps early can bring clarity, peace of mind, and security for the future. Read More

How to Find the Best Financial Advisor for Where You Are Now

You have probably seen the articles. Some are long. Some are short. The common thread is that the writer claims there is one perfect and absolute set of questions to ask (and corresponding answers) whenever you interview a potential financial advisor. I don’t think so. Read More
A business women sits at a table in front of her computer, stressed and surrounded by towers of paper work.

Don't Let Ignoring Financial Decisions Overwhelm Your Business Success

Back in second grade, it didn’t really matter much if you failed to make a decision. If one of your parents called out into the back yard to ask if you wanted a PB&J or grilled cheese sandwich for lunch and you were intent on climbing the tree and didn’t answer, you suffered no lasting harm from being served your second-choice lunch option that day. But... Read More
Cyber Security: Reduce Your Risk

Cyber Security: Reduce Your Risk (Lakeside Chat 5-15-24)

In today's digital world, protecting your personal information online is more critical than ever. It's essential to be proactive in protecting your online presence and reducing risks of falling prey to scams or other risks. In our latest Lakeside Chat we explore practical tips and strategies to help you be safer in the digital world. Read More
Illustrated graphic: A group of diverse workers sit at a table and look at the viewer. Clip art of the insurance shield and clipboard are faded in the background.

Why Having Disability Insurance Actually Protects Your Most Valuable Assets

Wouldn’t you love to have a very accurate, high-definition crystal ball? One that gives you a clear view of what might come in the days, months, and years ahead? Of course there’s little use in wishing to see the future. All we can do is work with the facts and statistics of what we know today, to help prepare for tomorrow. Read More

Second Opinion? Six reasons you may want fresh financial advice

You leave your financial advisor’s office with a nagging doubt. They’re the one with the credentials, of course. But something’s not right. Should you get a second financial opinion? Yes, say those who have done so, and don’t think twice. A fresh perspective can make all the difference for your financial health and confidence. Here are a few good reasons to... Read More
Medicare: Health Care in Retirement. Guest Timothy O'Mara Vice President of the Retirement Institute at Nationwide Financial. Lakeside Chats

Medicare: Health Care in Retirement (10-18-23 Lakeside Chat)

Choosing the right Medicare plan is an important part of retirement planning but due to its complexity, it can often leave people wondering if they are making the best choices for their health care in retirement. That's why we wanted to bring in an expert to help. Read More
Simplifying the FAFSA process, everything you need to know this year. Photo of a clipboard and graduation cap, with

Simplifying the FAFSA® Process (Lakeside Chat 9/13/23)

Every fall, securing financial aid for your current or prospective college student can be one of the most stressful times of the new school year. Especially with changes to the process and definitions being phased in this year, it can feel as daunting as ever. We want to help! Read More
Do you know who manages the family money? You might be surprised.

Do you Know Who's Managing the Family Money? You may be surprised.

For many families, this is a question getting new answers today because of changing family dynamics and the growing number of aging parents or family members. Long gone are the days when it could be assumed that managing family finances defaulted to “the man of the house.” At the same time, the Sandwich Generation is coming to terms with their aging parents... Read More
Your Digital Assets and Accounts: What Happens After You're Gone?

Your Digital Assets and Accounts: What Happens After You're Gone?

These days, it’s likely that most of your important financial information is stored digitally through a combination of online accounts, saved documents on your personal computer, and your smartphone. Chances are you keep a lot of other important information stored digitally too. If you’re a small business owner with registered domain names, a thriving... Read More

Big Life Change? Helpful Financial Strategies for Women in Transition

Are you a woman in transition? If you’re facing a big life change — as a successful owner or manager of a rapidly growing business, someone with a recent inheritance, or perhaps recently widowed, divorced, engaged, married, or dealing with illness — then you’re a woman in transition, and you have special financial needs. Read More
What is a Daily Money Manager? Guest: Robyn Young President of the American Association of Daily Money Managers, Lakeside Chats 12-7-22

What is a Daily Money Manager? (Lakeside Chat 12-7-22)

This month we were joined by Robyn Young, Certified Daily Money Manager®, a professional who collaborates to help with bill paying and more. Robyn is the founder and owner of Money Care, LLC. She is also currently Vice President of the American Association of Daily Money Managers (AADMM) and is a member of the Vermont Elder Resource Group. Read More
Understanding the Fafsa. Guest Stephen Jagard 529 College Savings Plan Specialist at John Hancock Investment Management. Lakeside Chats 10-05-22

Understanding the FAFSA® (Lakeside Chats 10-5-22)

The FAFSA® (Free Application for Federal Student Aid) form is available each academic year beginning October 1st and is one of the most important parts of receiving financial aid for college or university. Stephen Jagard, a 529 College Savings Plan Specialist with John Hancock Investment Management, will share what to expect with the FAFSA® process in the... Read More
Medicare 101; Guest: Roberta Eckert Vice President Nationwide Retirement Institute Lakeside Chats 9-14-22

Medicare 101 (Lakeside Chats 9-14-22)

Back by popular demand, folks joined us in September for a Lakeside Chat on the topic of Medicare. We were joined by Roberta Eckert who is the Vice President of the Nationwide Retirement Institute and our guest expert to discuss some important things to know when you're looking at Medicare, including who's eligible, when you can apply, and how much you... Read More
Small business entities explaine - guest: mark perkell esq. Lakeside Chats 5-11-22

Small Business Entities Explained (Lakeside Chats 5-11-22)

In honor of National Small Business Week, we were joined by our host Mark Perkell, Esq., who specializes in working with small business owners; he’ll share with us information on different entity options, the pros & cons for each, and why changing from one entity to another might make sense (and what the process would be). Read More
Aging in Place Guest: Kari Charette Director of Patient Services at HCr Home Care CHHA Lakeside Chats 3-2-22

Aging in Place (Lakeside Chats 3-2-22)

This month's Lakeside Chat topic was about "Aging in Place". When a senior or older adult chooses to live at home rather than move into an assisted living or skilled nursing facility, it's known as "aging in place". It's a decision that is gaining popularity and is a question that often comes up for folks as they plan their retirement. Read More
Outlook 2022 Guest: Brian Levitt Global Market Strategist at Invesco Lakeside Chats 2-1-22

Outlook 2022 (Lakeside Chat 2-1-22)

For our February Lakeside Chat, we were joined by guest host Brian Levitt from Invesco sharing their 2022 Outlook. Brian is a Global Market Strategist, and is responsible for the development and communication of the firm’s investment outlooks and insights. He earned a BA degree in economics from the University of Michigan and an MBA with honors in finance... Read More
The Importance of Having an Estate Plan. Guest: Attorney Adam bartsch owner of NorthEast Estates and Trusts, PLLC. Lakeside Chats 12-1-21

The Importance of Having an Estate Plan (Lakeside Chat 12-1-21)

This month we will be discussing the importance of having an estate plan; our host will be Attorney Adam Bartsch. Hewill be talking to us about the importance of having a plan in the event you become incapacitated or die. Read More
What is Hybrid Long-Term Care Insurance? (And When to Consider it)

What is Hybrid Long-Term Care Insurance? (And When to Consider it)

If you’re re-evaluating how much, and what types, of insurance you need in 2022 and beyond, you are not alone. The global pandemic brought many topics to the foreground that were often being pushed aside in the past and finding the right insurance coverage was a big one. While you may be focusing on healthcare insurance options, don’t forget to evaluate... Read More
Healthcare in Retirement - A Lakeside

Healthcare in Retirement (Lakeside Chat 10-6-21)

Our October Lakeside Chat featured guest expert Valerie Mariani from Fidelity Institutional. She is a Sr. Regional Investment Consultant, and has been with Fidelity for 17 years. She provided insight on Medicare and healthcare in general during retirement. Read More
Putting Your Garden to Bed

Gardening Pt. 3: Putting Your Garden to Bed (Lakeside Chat 9-15-21)

We were excited to invite back our very first ever Lakeside Chat guest Amy Ivy, to give us tips and answer questions about the best way to put your gardens to bed this fall. Read More
3 Year-End Tax Strategies for 2021 to Keep Your Financial Plan on Track

3 Year-End Tax Strategies for 2021 to Keep Your Financial Plan on Track

The year 2021 is fast coming to an end, but there is still time to make smart moves to maximize your savings and minimize your tax bill next spring. While your situation at this point in time will vary from your neighbor’s or colleagues', here are three year-end tax strategies that can help you no matter what your life stage or current situation. Read More
Midyear Outlook 2021 Lakeside Chats 7-14-21

2021 Midyear Outlook (Lakeside Chat 7-14-21)

For our next Lakeside Chat, we're proudly presenting LPL ResearchMidyear Outlook 2021with investment insights and market guidance for the rest of 2021. Adam walks through the Midyear Outlook 2021 publicationfor a comprehensive presentation on the markets and the global economy – and the opportunities and challenges that may lie ahead. Read More
Small business owners: How to chart your course to a spectacular retirement

Small Business Owners: How to Chart Your Course to a Spectacular Retirement

There’s a myth out there that most owners of small businesses and startups are younger people. In fact, the opposite is true: Most business owners are age 55 and over. That reality can turn what are usually the peak earning and retirement savings years from your late 40s to late 50s into something more akin to watching " The Perils of Pauline." But it... Read More
Safe Traveling Lakeside Chat 6-2-21

Safe Traveling (Lakeside Chats 6-2-21)

After over a year of sticking close to home, some (if not all) of us, are wondering if it’s finally time to get away again. And more importantly, how can we do that in a safe manner with so many places following different guidelines? Read More
Is now the right time to make a major financial move?

Is Now the Right Time to Make a Major Financial Move?

You take comfort in knowing your financial plan is designed to help you advance steadily toward your long-term goals — and to flex as your situation and goals change. But during 2020 and 2021, everything changed. So, let’s look at how to decide whether now is the right time for you to make a major financial move. Read More
The Dark Web video screen image

The Dark Web (Lakeside Chats 5-5-21)

The Dark Web is an interesting place with a ton of potential, and a ton of risk. This month, we were joined by Twinstate Technologies as we go into the dark web, so you don’t have to. Read More
Celebrating Financial Literacy Month April

Celebrating Financial Literacy Month (Lakeside Chats 4-7-21)

April is Financial Literacy Month! To celebrate, Adam hosted a Financial Literacy Jeopardy-like Trivia game for this month's Lakeside Chat! Read More
Why a family meeting on finances is a good idea

Why a Family Meeting on Finances is a Good Idea

Planning a conversation with your loved ones about your financial plans and goals may not be easy, but it can help you feel more confident about your family’s financial health and your peace of mind. Read More
Empower Women. 3-31-21 Lakeside Chat. Guest: Pat Heffernan - President of Marketing Partners, Inc.

Empowering Women (Lakeside Chat 3-3-21)

March marks Women’s History Month again, but many of us are not celebrating. Stories and images of courageous women of the past are everywhere. These women deserve recognition — they fought hard to advance equal rights and access for the majority of the U.S. population who happen to have been born female. Yet in 2021, it can feel increasingly difficult to... Read More
Discover Your Perfect Practical Financial Plan at Any Age

Discover Your Perfect Practical Financial Plan at Any Age

Having a solid handle on your financial well-being makes for one less stressor – and better sleep at night. But then you probably know that. Let’s explore some of the stereotypes and misperceptions that can get in the way of building your financial confidence and reducing stress through planning — and practical ways to get started or move ahead with your... Read More

How to Love Yourself (Lakeside Chat 2-3-21)

People are experiencing so many things over the last year: feelings of isolation, anxiety over something as simple as shopping in public, the frustration of trying to adopt new technology, the list goes on & on. We could all use a few tips on how to take better care of ourselves so we’re better equipped to face whatever challenges come next. Read More
Outlook 2021: Powering Forward Lakeside Chats 1-6-21

Outlook 2021: Powering Forward (Lakeside Chats 1-6-21)

Powering ForwardJoin us this week as Adam takes us through the LPL Research Outlook 2021: Powering Forward which covers post-election policy, the economy, stocks and bonds, and LPL Research’s economic and market forecasts for 2021. Read More

Cyber Safety (Lakeside Chats 12-1-20)

Many of us, regardless of age or technical skill, find our daily lives intertwined with technology more often than we’d like. With that, comes vulnerability to computer viruses, scams & potentially identity theft. As in most cases, knowledge is power: therefore, we invite you to gain insight & knowledge from local tech company Twinstate. Read More
Gifting and Your Legacy: When is the best time to give?

Gifting and Your Legacy: When is the best time to give?

Seriously considering the timing and focus of your gifting and legacy for the first time — or perhaps reconsidering it — was among the countless tough questions stimulated by the global coronavirus pandemic. For many, widespread death and uncertainty raised the perennial question: How do I want to be remembered? Read More

Election Impacts (Lakeside Chats 10-27-20)

This chat covered the timely topic of the possible long-term impact of an election on the stock market (hint – historically, it really doesn’t matter). Our host, David Keib, a wholesaler at Capital Group, home of American Funds, has 12 years of investment industry experience and has been with Capital Group for six years. Read More

Making Mason Jar Cheesecake (Lakeside Chat 10-14-20)

This week we had cake artist Janina Kotulich as our guest to show us how to bake delicious Caramel Apple Cheesecake in mini mason jars! See ingredients and supplies below if you'd like to follow along. Read More
Medicare: Open Enrollment

Medicare: Open Enrollment (Lakeside Chat 10-8-20)

This week we will have guest speaker, Ronald Gist, discuss Medicare and the open enrollment period coming up. Ronald is a Health Insurance Counseling & Advocacy Program (HICAP) Counselor with the Clinton County Office for the Aging, and has been working with them for 10 years to help people get the most out of their Medicare benefits. And don’t worry if... Read More

SRI, ESG, or Impact Investing: How to decide which is best for you

By whatever its name, the options for putting your money where your personal values are have never been greater. But the array of terms can be overwhelming. Whether you are just beginning as an investor or have been investing for years, a recap of your choices can be useful to make sure you aren’t simply chasing after the latest shiny object — or missing... Read More

How to Thrive During Volatile Markets (Lakeside Chats 9-30-20)

We discussed how to thrive during volatile markets to help you better understand what’s happening and what the future could hold. Read More
Financial Elder Abuse

Financial Elder Abuse (Lakeside Chats 9-8-20)

Our guest hosts, Attorney Heather West and Doctor Kasey Stewart, joined us this week to discuss financial elder abuse this week at our Lakeside Chat. Read More

Social Security (Lakeside Chats 9-1-20)

We revisited a topic of high interest, Social Security. Our host will be Matt Sperazzo. Matt is an External Business Consultant with John Hancock Investments and has been with the company for 13 years. Matt also has his NSSA designation through the National Social Security Advisors Association. Read More
Looking Beyond Your Student Loans: What Young Professionals Need to Know

Looking Beyond Your Student Loans: What Young Professionals Need to Know

Imagine you have been out in the work world for nearly a decade and are doing well in your career. As your salary increased, you prioritized reducing your student debt by increasing your student loan payments each year. Suddenly, you realize your short-term future includes what once seemed nearly impossible — in a year or so your student loans will be paid... Read More

LPL Research Midyear Outlook 2020: The Trail to Recovery (Lakeside Chats 7-29-20)

We're presenting LPL ResearchMidyear Outlook 2020: The Trail to Recovery, with investment insights and market guidance for the rest of 2020, plus a special elections section. Read More

Making Homemade Ice Cream (Lakeside Chats 7-22-20)

We are already in the midst of summer – it’s hard to believe! Since it was National Ice Cream Day on July 19th, we figured we would have a little fun and make some ourselves! Read More
Estate Planning Lakeside Chats

Basics of Trust and Estate Planning (Lakeside Chats 7-9-20)

Ever wonder about the difference between a revocable trust and an irrevocable trust? Or do you have questions about estate planning (and what that even means)? If yes, then you’ll be happy to know that our next Lakeside Chat covers the Basics of Trust Planning/Estate Planning. Our guest host will be Heather West from the Rural Law Center of New York. Read More

Gardening pt. 2 (Lakeside Chats 6-17-20)

With our first Lakeside Chat behind us, we are excited to inform you that Amy Ivy has agreed to join us again for Part 2 - tips and tricks for gardening with the focus on raised beds! Amy is a retired horticulturist with Cornell Cooperative Extension. Read More
How to Know the Financial Metrics that Matter During a Crisis

How to Know the Financial Metrics that Matter During a Crisis

In 2020, the pandemic presented many small business owners with a crash course on financial metrics and why they matter. You may be one. I imagine you’ve owned your business for a few years or more, endured some ups and downs but overall enjoyed steady growth, watched your cash flow and know your bottom line. Why was selecting, applying for, and tracking... Read More

Gardening pt. 1 (Lakeside Chats 6-10-20)

To kick-off our first week’s chat, our guest host will be Amy Ivy; she will provide some timely tips and tricks for gardening! Amy is a retired horticulturist with Cornell Cooperative Extension. Read More
Covid-19 and the Stock Market: What Should You Do?

Covid-19 and the Stock Market: What Should You Do?

If you are like many investors, the wild swings in the markets since the coronavirus pandemic began have made you wonder what, if anything, you should be doing. While every investor's situation is different, CFP® professionals Christina Ubl and Adam Robert sat down for their inaugural audiocast to answer the most common questions asked about Covid-19, the... Read More
How to Balance Your Off-Kilter Business and Personal Finances Today

How to Balance Your Off-Kilter Business and Personal Finances Today

Just about anyone can start a business. Get an idea. Fill out some forms. Register with the necessary local and state agencies. Tell the world about your fantastic new service or product. But following your dreams is never easy — it’s hard work, fear of failure, loneliness, and mistakes. Running a successful business over time takes a lot more than starting... Read More
Changing Gears from Saving to Spending in Retirement: What You Need to Know

Changing Gears from Saving to Spending in Retirement: What You Need to Know

Changing gears from earning and saving your money to spending your savings is a major challenge for most of us. It’s not that sudden massive shopping sprees or a lavish lifestyle are planned by most retirees — the spending usually involves buying routine things. The challenge is in adjusting to where the money comes from during your retirement. Read More
CWM_5-myths-about-getting-your-affairs-in-order

5 Myths about Getting Your Affairs in Order

No, It's not only for the wealthy. You know it. I know it. Just about everyone knows it. Setting up a will and other “in case of emergency” documents is important. But procrastination and misperceptions make it easy to put off getting your affairs in order. One 2019 survey found that 76% know a will is important, but only 40% have one. Let’s look at 5... Read More
How to Finance Your Second Career as Business Owner

How to Finance Your Second Career as Business Owner

Buying or starting a business used to be unusual if you were considering a second career. But encore careers as a business owner become more popular each year despite the wide-spread perception of risk. Let's explore what is driving the trend and your options for transitioning in a way that can help safeguard your business dream and your financial... Read More
College Education Funding

College Education Funding

Three Numbers to Remember: 5 – 2 – 9. Every year we hear that private and public college education costs are rising. And now we hear that college graduates’ debt loads are climbing right along with tuition prices. (According to the 2019 student loan debt statistics the average undergraduate who borrows leaves school with about $30,000 in debt.) The COVID-19... Read More
Clute-wealth-management_Buyer-or-Seller-You-Need-the-Right-Business-Transition-Plan400x300

Buyer or Seller: You Need the Right Business Transition Plan

Whether you are a member of the baby-boom generation born between 1946 and 1964, or a member of the generations of younger people that follow, you may be surprised to learn boomers are as likely to buy a business as to sell one. Read More

How to Have the Best Financial Date Night Ever!

How to Have the Best Financial Date Night Ever! Flowers…chocolate…401k? Let’s face it — talking money and financial planning with your significant other on a “date” may not be your first choice for spending quality time together. Even in the best of relationships, discussing money and finances can send two people running in opposite directions. Yet... Read More

How to live well today (towards a loan free tomorrow)

After the grueling pace of graduate school, obtaining that advanced degree, and finding a great course for your professional career – you can finally turn your attention to other life choices. One choice that you’ll be faced with is what to do with the substantial student loan debt. More importantly is, how do you balance enjoying life while starting to... Read More
Financial Tips for the Sandwich Generation

Financial Tips for the Sandwich Generation

Are you caught in the middle between supporting children and caring for aging parents? At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself having to help your children with college expenses or supporting them during a job search while also looking after the needs of your aging parents.... Read More

Surviving Family Business Transition Nightmares

There are times when imagining the worst-case scenario helps you prepare most effectively for the best case. The transition of a family or closely-held business is one of those times. Ask yourself, why is it that while Harvard Business School reports at least half of all companies in the US are family businesses - and just over half of all publicly listed... Read More
Is an Amicable Divorce Possible?

Is an Amicable Divorce Possible?

Your marriage isn’t working - you respect each other but have drifted apart over the years for whatever reason. Now you and your spouse have decided to divorce and close this chapter of your lives. You’ve heard the stories and perhaps witnessed a few horrors through friends or family who have divorced; that doesn’t mean you need to have the same experience. Read More
is your money invested where your values are?

Is Your Money Invested Where Your Values Are?

If you have ever recycled at home, avoided products made overseas by sweatshop labor, grown your own vegetables, supported gender and racial diversity, or owned a fuel-efficient car, then you may be surprised to discover your investments can be working against your values. Do you know what’s in your portfolio? How can you find out what your money is... Read More
you financial health check up image showing a clipboard with dollar sign

Your Financial Health Checkup

Your annual physical checkup and health screenings are scheduled. Your dental checkups, and perhaps those for your spouse and children, are on your calendar or smartphone. Yet many people fail to schedule time for a regular financial health checkup. Whether you prefer to block out some time each month or review your financial goals annually, here is what... Read More
your retirement spending and income, two plans are better than one

Your Retirement Spending AND Income: Two Plans are Better than One

Retirement plans demonstrate the wisdom of the proverb “two heads are better than one” — a proverb that always brings to mind the music from the classic Sesame Street video. Now the “two heads” can be you and your spouse, or you and your financial advisor, but you can also benefit from encouraging a dialogue between the income-you and the spending-you. Read More
Five ways to avoid sleepless nights in retirement

Five Ways to Help Avoid Sleepless Nights in Retirement

Financial headlines can be hazardous to your sleep health in retirement. It is easy to get the jitters and start worrying that you should do something, anything but stay on your current financial course. Yet it rarely makes sense to panic and sell your holdings. Over the years I have developed a list of five ways to help you avoid the sleepless nights in... Read More
You didn't expect a divorce: Now what?

You didn't expect a divorce: Now what?

At the wedding, who thinks those two little words ”I do” might suddenly lead to the four words “I want a divorce.”? No one expects to get divorced. But now that you’ve heard (or uttered) those four words, what do you do? Read More
Financial Planning for your thirties and forties

Financial Planning Tips for Your 30s and 40s

Planning for retirement is typically something we think about when we approach our 50s and 60s. However, if you haven't done much (or any) financial planning by your 30s and 40s for your future, it's time for you to get your financial house in order. Remember, when building a house, you must first start with a solid foundation. The same is true for... Read More
Worried about Outliving your Money?

Worried about Outliving your Money?

If you asked earlier generations what their biggest fear was – they might have answered, “dying too young.” Asking that question today would probably get you the exact opposite answer: “I’m worried about outliving my money.” It’s a fear that is shared by many – even wealthy individuals. According to the 2019 AICPA Going Broke Remains Top Concern in... Read More
business transition and succession: why you need a plan

Business transition and succession: why you need a plan

Businesses start with the best of intentions. While beginnings are an exciting time, a strong business foundation needs to include planning for multiple future scenarios and potential “what-ifs,” including business transition and succession. Unfortunately, many business owners don’t plan for their end game. Read More
talking with your adult children about money

Talking with your adult children about money

Talking with your kids about money changes as they get older and as you get younger (of course). If this has been a conversation you have shared since they were young, it’s natural to continue to discuss financial matters as the years go on. In a perfect world this would be the way it is all the time. Unfortunately, the opposite is often true. Read More
talking with your young children about money

Talking with Your Kids About Money

While everyone has different views about money, it’s important to have “money talks” with your kids about the basic concepts at an early age. You don’t want these conversations to be heavy-handed or hour-long lectures, but aim for brief observations whenever opportunities come up. My husband and I are regularly on the lookout for teachable moments to talk... Read More
what keeps you up at night part 2 with image of sheep with dollar signs in the wool jumping over a fence

What Keeps You Up at Night? (Part 2)

Know that you are not alone if you toss and turn as you try to fall asleep. In 'Part 1', we focused on the financial concerns of a married couple with young children, but noted that the Gallup-Healthways Well-Being Index shows 61 percent of Americans worry about how to manage their economic life to reduce stress and increase security. That’s a lot of... Read More
what keeps your up at night with image showing sheep with dollar signs in the wool jumping over a fence

What Keeps You Up at Night?

Are you tossing and turning as you try to fall asleep? Is there a lot of mind chatter running through your head about your financial future? For many of us, finances are what keep us up at night (at least prior to the pandemic). According to the Capital One CreditWise survey, 73% of Americans rank their finances as the No. 1 stress in life. Read More
seven tips for financial planning in your seventies

7 Tips for Financial Planning in your 70s

Many people in their 70s are retired. Whether you're one of them or not, it doesn't mean you should stop your financial planning – in fact it means you should pay even more attention as finances in your 70s offer more opportunities (and risks) now than ever before. Here are seven tips to help make sure you're well prepared for your 70s and beyond. Read More
six steps to financial planning in your sixties

Six Steps for Financial Planning in Your 60s

Surprise, your 60s have arrived! If you’re someone who hasn’t paid much attention to your financial future before, the 60s are the years to buckle down and get serious. If you have carefully planned your finances throughout your working life, then your 60s is the time to take a second look. Retirement is just around the corner for most people, so whatever... Read More
Second Home Ownership

Second Home Ownership

Should you or shouldn't you? Have you been daydreaming of owning a second, seasonal home? A vacation home situated on a mountainside with a fireplace or two, ski-in access and powdery slopes nearby – or perhaps a lakefront property with a front porch and a sweeping view of the sunlight on the water…sure sounds enticing. Read More
succession planning

Succession Planning

Key to a smooth business ownership transfer. From the outside looking in, it may appear that transferring a business (through a sale to an outside party or succeeding control/ownership to an employee and/or family member) is an easy, if bureaucratic, process. But the tiniest of scratches to the surface reveals all sorts of issues that require careful... Read More
Financial planning tips for your fifties

Financial planning tips for your 50s

Here they come: the golden years. This decade could be the most critical when it comes to retirement planning. You have a career, a good income, and a plan in place for sending your children to college. However, chances are there are still things you need to do to strengthen your finances in order to retire. Read More
Avoid common financial pitfalls for a more secure future.

You did WHAT!? Common Financial Pitfalls

Avoid common financial pitfalls for a more secure future. In life and matters of the wallet, rest assured that we all make mistakes. Mistakes are a critical part of our education process – but when it comes to your finances, some lessons and consequences can be quite lasting. In an effort to help you learn from others, and potentially save a great deal of... Read More
The Power of a Plan: women, money, and life's transitions

The Power of a Plan

Women, Money & Life’s Transitions When it comes to finances, that old cliché holds true: “hope for the best, but plan for the worst.” This is especially true for women. Why? On average, over the course of our lifetimes, women: Read More

Roth Accounts: Another Retirement Savings Vehicle

While saving for retirement, many focus on the advantages of traditional Individual Retirement Accounts (IRA) and employer sponsored retirement plans. The advantages of these accounts include a regular savings method that reduces your current, overall taxable income – since your savings contribution comes “right off the top” of your paycheck; and the... Read More
collaborative divorce ven diagram

Collaborative Divorce

A different approach to a difficult transition. It may seem a bit ironic to use the words “collaborate” and “divorce” together, but it is an alternative approach to dissolving a marriage that’s worth a close look if you are facing this major life transition. Read More

2012 Year-End Financial Tips

'Tis the Season! Just when it seems things can’t get any busier – December arrives. This month is typically loaded with family obligations, year-end business deadlines, and increased spending. This potent mix can wreak havoc on your budget and ultimately your ability to meet your own financial goals. To sleep a little easier this month and next, it may help... Read More

Fiscal Cliff? It's Possible to Scale it and Climb Higher.

There's been talk about the possibility of the U.S. economy "going off a cliff" at the end of this calendar year. What is this "cliff" pundits are referring to? It's actually a possible culmination of a number of government tax and benefits changes scheduled to impact our economy simultaneously. Specifically, the Bush tax cuts and payroll tax cuts are due... Read More

Long-Term Care Insurance

Does Long-Term Care Insurance break or protect the nest egg? It may seem a bit unusual to be examining insurance with a financial advisor, but looking at long term care insurance is a critical step in the retirement plan process. It is much easier discussing the risks potential health problems can pose to your retirement plan now, while you’re healthy,... Read More

Women & Money

Learning to meet fiscal responsibility head on. It's hard to accumulate wealth when you shy away from the responsibility of making fiscal decisions or if the idea of money scares you. Unfortunately, this emotional attitude toward money stops many women in their financial tracks and keeps them from reaching their long-term goals. Read More

Concentrated Stock Positions

What to do with too many eggs in one basket. What is a concentrated stock position? It is defined as holding one particular stock that comprises 30% or more of your overall investments or portfolio. You may wonder why this is an issue, particularly if you are saving for retirement or the long term. Read More

Why Your Credit Score Matters

The ABCs of FICO Credit Score Have you ever wondered why financial professionals make a fuss about credit/FICO scores? You may not think your credit score is a big deal, especially if your income is healthy; however, your income has nothing to do with your credit score. You can make a king’s ransom and have a poor credit score – or have a small income and a... Read More

Starting a New Job?

Don’t leave any assets behind. With the region experiencing an uptick in employment recently, you may be exploring new job opportunities or beginning a new job. It’s important to remember to pack up your finances along with the personal items from your desk. You don’t want to leave assets behind unintentionally. Read More

Year-End Financial Tips

For many of us, the last page of the calendar is usually filled with professional and social obligations. The month of December is quickly approaching and signals the end of one year and the pending arrival of a new one; so it makes sense to set aside a few hours to firmly position your finances for the coming New Year and "tax season". Here are some... Read More

The Golden Rules of 401(k)'s and Retirement Savings

Save early and often. At a time when so many of our basic long-held beliefs regarding personal finance and the economy are shaken, there is one piece of advice still worth passing on to offspring and grandchildren, particularly recent and soon-to-be college graduates: save and contribute to 401(k)'s, Roth's, IRA's, and retirement plans at every opportunity. Read More

Is Economic Volatility Here to Stay?

There are ways to manage it. Natural disasters, European and US debt concerns, corporate personnel turnovers, credit downgrades, political turmoil in the Middle East, ever-changing domestic employment and housing figures – all of these factors have created a yo-yo effect on stock markets worldwide. It seems we need to continue to expect the unexpected when... Read More

Preparing to Cope with Health Issues in a Time of Uncertainty

When a medical crisis hits you or a family member, you are faced with often daunting financial and emotional challenges. While health issues can be overwhelming in their magnitude and unpredictability, preparing for unpleasant contingencies can eliminate some of the problems you might face. Planning ahead may seem all the more daunting with health care and... Read More

Spring Cleaning Your Portfolio

As you spruce up your house and garden this spring, don't forget that your investments may have gotten a little dusty too. Taking time to spruce up your personal finances can reap both immediate and long-term benefits. With summer right around the corner, you'll want to be outdoors. So in the interest of time, here is a quick checklist of things to... Read More

Have You Had "The Talk" With Your Kids? It's Recommended You Speak Early and Often About Money

As parents, you have probably often heard that you should speak openly and often with your children about all kinds of tough issues – bullying, alcohol, and drug use to name a few. You may wish to add another topic to the list: money. Like other important conversation subjects, learning about and developing sensible financial habits is a long-term goal for... Read More

Negotiating the Rapids of Business Transitions

For many business owners – especially women – their businesses and their lives are practically interchangeable. Two-thirds of small business owners say their business is their greatest personal asset and primary source of family income. If you are one of these owners, protecting your company and ensuring your financial security are often the same thing. Read More

What to Do With Your Tax Refund

Getting a tax refund this year? Think twice. Read More

401K, Pension, IRAs: To Convert or Not to Convert?

Gaining a thorough understanding of all the options available for retirement saving and planning is no small task. Whether you’re considering moving your 401k, your pension savings, or converting to a Roth IRA; it is important to make sound decisions – today’s choices often determine your future retirement income. Converting a traditional Individual... Read More

Tax Benefits of Going Green with Your Business & Home

Going green is a smart choice both for the planet, and more than ever in these days of federal and state tax incentives, for your wallet. Here are a few of the many opportunities available. (As always, consult a qualified financial advisor and tax professional before making a major financial decision.) Read More

Changing Jobs? Protect your Assets.

Whether you are embarking on a new career or relocating due to shifts in the job market, keeping on top of your options regarding your existing insurance policies and pension or retirement plan is critical. You don’t want to leave assets behind unintentionally. There are often time-limited opportunities, strict guidelines and tax penalties to watch for so... Read More

What to Do When Your Paychecks Stop: Attend to your head and your heart before you deal with your wallet

Whether you are expecting it or not, and whatever its cause, job loss can be devastating. You may think you have prepared yourself as best you can, but job loss can hit like a death in the family. It represents more than a loss of a paycheck. It's a loss of a way of life as well. The first step in getting back on track is to recognize the emotional blow... Read More

Seven Pitfalls On Your Way To Retirement

Is it time to check up on your retirement plan? The biggest fear among investors is that they will not have enough money for retirement. You can make sure your own plan does not fall short by steering clear of the following pitfalls. These are the most common comments I hear in my professional practice: Read More