Dividing Assets in Your Will

Writing your Will and dividing your estate among your children can be a challenge. But even if the process is challenging, it’s vital that you do it.
By Kathy Longo, CFP®, CAP®, CDFA
Monday, 16 September 2019

Dividing Assets in Your Will

Only 1 in 5 Americans over 55 have a will/trust, healthcare directive, and durable power of attorney.[i] If the reason you haven’t done it is the difficulty of divvying up the assets, then the obvious answer would be to just divide everything up equally and call it a day--plenty of people do that. But there are other ways to divide an estate that may not be identical but may be of equal value. In this article, we will look at different ways to divide your assets in an equitable way to your next generation. Hopefully, this will help make writing your will easier and leave you with the peace of mind that you have created something fair for all of your children.

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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