Participating in Household Financial Planning

What to do when your significant other doesn’t participate in the household planning It is still very common to find that only one person in a relationship handles all the finances. We think that younger generations keep separate accounts and pay for expenses separately, but I have seen that once people live together for a while, […]

Major Changes to Social Security Spousal Claiming

Social Security planning took a big blow this week when a bill was signed into law that eliminates “file and suspend” options for spousal benefits. People already implementing this strategy will be able to continue to do so and only those that turn 62 by the end of 2015 will be able to. Additionally if […]

Pay for College or Save for Retirement?

Recent surveys have shown that 74% of parents today have started saving for their children’s college. This seems like a very high percentage to me, but upon further reading it turns out that only about 27% of the costs will be funded. This leaves almost ¾ of increasing tuition, books, room and board costs that […]

Elder Protection and The Pause Law

The “Pause Law” is a relatively new law that allows a financial advisor to put a “pause” on a financial transaction should he or she suspect there may be elder abuse or fraud occurring. The law was initially enacted in 2010 in Washington state and other states are beginning to follow suit. If the advisor […]

Five Things Kids Don’t Get and Easy Ways to Help Them Learn

Kids want to be involved and they want to help. As adults we often put children off by saying simply “no” or “that doesn’t concern you” without actually explaining why to them. By involving kids they can begin to better understand why we have to sometimes say no and how money really works. Taxes: Any […]

IRS Rule Change for Identity Theft

While identity theft continues to plague our society, the IRS has finally made changes that can help victims reclaim what was lost or at least get the process started to correct the problem. In the past, victims could not get copies of the tax returns that were fraudulently filed. This of course created an even […]

Claiming Social Security When Divorced

Social Security is a complicated system we have created. There are rules and then there are loopholes. There are options for the retired and the disabled, widows, children… There are even multiple options for divorcees. If you were married to your former spouse for at least 10 years, you can qualify to apply for Social […]

There’s More Than Just Downsizing

Have you assisted a parent, grandparent, or other loved one with housing? I recently attended a presentation by Legg Mason on senior living and expenses. I always ask clients about their own own health and obviously their financial situation, but I also inquire about their relatives’ health and financial situations. It is such an important […]


Whether you are changing jobs, your spouse died, or you are getting divorced, being aware of how each change affects your health insurance coverage is important. COBRA or the Consolidated Omnibus Budget Reconciliation Act allows for an individual to continue on private insurance when there has been a change. The benefit of this is that […]


These are incredible stats. Working with an advisor can greatly help you resolve conflicts as well as be able to move forward with fewer problems. Passing hard earned assets to future generations or to charitable organizations is important for many people. Taxes often get in the way because of no estate planning or poor and […]