Complex products: Understanding the risks of alternative investments
Alternative investments, particularly complex products, are called that for a reason. The growing popularity of these investments is understandable, given the hype surrounding them lately. The shiny new ideas often get a lot of attention, but that doesn’t mean that...
Inheritance realities: How likely are inheritances to be misused?
A few weeks ago, I wrote about talking with your heirs about money at various ages. Last week, I wrote about how to deal with financially irresponsible heirs and ways to protect them from themselves when it comes to inheriting your money. Since then, I have been asked...
Financially irresponsible children
Last week, we talked about discussing money with your children at each stage of their lives. By starting to teach them good money habits when they are young, you can set them up for a lifetime of success. In your later years, discussing your own personal situation...
Discussing money with your kids
In my day, we grew up hearing that it isn’t polite to talk about money or politics. While I think that still holds true in most instances, the one area where it may not be true, at least where money is concerned, is with your heirs. There is a difference between...
