How Will Your Marriage Be Affected by Retirement

By Kathy Longo, CFP®, CAP®, CDFA

Wednesday, 05 April 2017

How Will Your Marriage Be Affected by Retirement

Retirement is definitely a major life transition and can create challenges to strong relationships. After years of happiness, sometimes one or both spouses can find themselves feeling alienated from the new situation or otherwise frustrated by the change.

We often consider the financial implications when approaching retirement, but can overlook how our marriage or relationship might be affected when the time comes to retire. It is difficult to anticipate what changes might take place with how we will spend our time. We typically struggle to anticipate what types of hobbies, activities or new endeavors might be taken up once the day comes to close the door on one big chapter of life.

It's Not a Sales Pitch: The Value of Working with an Advisor

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 28 March 2017

It's Not a Sales Pitch: The Value of Working with an Advisor

In a time when everyone is an expert or has instant access to expert advice through the internet, there are aspects of financial planning and investment management that are overlooked when determining whether to hire a professional or do it yourself. In addition to experience and credentials in financial planning and portfolio advisement, advisors are mentors to their clients who can often be the difference in setting and accomplishing long-term financial goals and falling short of those necessary benchmarks. Time is valuable to everybody, and there can be important benefits from leveraging the years an advisor has invested into providing financial and investment advice relative to the DIY hours to create or maintain a plan.

Five Steps to a Less Stressful Retirement Transition

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 07 March 2017

Five Steps to a Less Stressful Retirement Transition

Many of us look forward to retirement as a time for relaxation, exploring hobbies and using our time to focus on things other than work and career. Planning for retirement, however, can be stressful even in the best situations and downright daunting for people nearing retirement who may not have planned as much as they’d have liked. According to a 2016 PwC survey, a little less than half of Baby Boomers know how much income they will need in retirement and are concerned that they will run out of money.  That kind of uncertainty compounds the stress that many people often face when trying to save and prepare for retirement.

Visualizing your retirement is one way to give yourself peace of mind about how to achieve it. The following five steps can help you create a successful and fruitful financial plan.

Commitment and Courage: Why Retirement Is Like Learning to Fly on a Trapeze

By Kathy Longo, CFP®, CAP®, CDFA

Friday, 24 February 2017

Commitment and Courage: Why Retirement Is Like Learning to Fly on a Trapeze

I have a vivid memory about learning how to fly on a trapeze. We took a family vacation when my oldest daughter, Maddy, was still very young. The resort had a variety of family activities including the trapeze. It looked scary and fun at the same time! Climbing up that tall ladder and reaching out for the trapeze looked incredibly dangerous, followed by the exhilaration of flying through space. My daughter was reluctant to try, so I made a commitment to fly on the trapeze to show her it could be done and help her to make the same courageous leap someday. The climb up the ladder was nerve-wracking, even with a full safety harness on, then I jumped into space hanging from the trapeze. It was a big accomplishment to be courageous while getting on the trapeze and the joy of flying through the air was amazing! I still remember the breathless rush of being back on the ground and looking up at the top of the ladder with a smile of success. Although I’m proud to have flown o n the trapeze, courage was the most important part of the experience because it empowers you to keep going in the face of adversity.

A View from the Top:

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 30 January 2017

A View from the Top:

Finding the path through life's transitions

The Sherpas of Nepal spend their days guiding eager and daring travelers up the treacherous paths of Mount Everest and other peaks of the Himalayas. What they have witnessed in a month is likely more terrifying than what most of us have experienced in a lifetime. And yet, they continue on. Day in and day out, acting as guides to thousands of visitors per year. I admire these Sherpas. Although the paths are dangerous and they will undoubtedly encounter countless obstacles, the ability to embrace the uncertainty that the peaks of the Himalayas hold is part of their life, their livelihood, and their nature.

When it comes to major transitions in our own lives we might pause to take a lesson from the Sherpas. They do not seek to remove themselves from the challenges they face. Rather, they square up and get through, finding the most navigable solution in order to arrive safely on the other side (or to the summit, as it were).

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