Not your parents’ retirement
When we think about retirement, our natural tendency is to look at those folks who we know who are already retired. Typically, the people closest to us in retirement are our parents or even grandparents. There is a distinct danger in viewing our own retirement through...
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...
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...
