Financial Library

Avoid the ‘Boomer-Widow’ Financial Syndrome

Posted on 10-09-2012

It is seldom planned or wished for, but it is a reality and something that requires discussion - the illness and/or death of a spouse or partner. As the so-called Baby Boomer generation ages, there is a marked increase in widows suddenly left with financial situations that they do not fully understand. There are others who are forced to financially self-educate while providing quality of care for a partner that previously, and perhaps solely, took care of that role.

Avoid These Financial Planning Mistakes

Posted on 10-09-2012

Number One - Buying too much on credit.

No matter what income level, more people get into financial trouble because of too much debt than any other reason. "Too much" means different things to different people. Very few people go through life without making a purchase on credit. However, trying to "keep up with the Joneses" rushes too many of us into lifestyles we simply can't afford. Buy some things you need on credit, like a home or a car, but save up the cash to buy the things you want.

Inheritance Doesn't Have to Wait

Posted on 09-11-2012

The Baby Boomers are making history as the largest retirement migration ever seen. However, it’s their parents who hold the most massive accumulation of wealth and it's about to transfer to future generations. Estimated to be well in excess of a trillion dollars, the traditional rules of inheritance may be about to change.