Wednesday, 14 November 2018
Communicating about money and finances can be very emotional because one must be vulnerable and open about their strengths, weaknesses, challenges, successes, and failures with money. One must also let go of judgment to truly have an open and honest discussion about financial decisions and their impact on life.
Head over to Investopedia to see Kathy's tips for having productive, constructive, and effective financial conversations.
Tuesday, 14 August 2018
Kathy Longo has been featured on WalletHub in 2018’s Best & Worst Places to Retire.
What financial factors should retirees take into consideration when deciding where to retire?
From experience working with clients who are transitioning into retirement or are retired now, there are a variety of non-financial factors that should be incorporated into the decision about where to live. Most of these factors relate to future events and transitions such as where kids are located or will be located (balancing the opportunity to see family against the possibility of becoming a daycare solution). We also look at a combination of housing costs that include real estate taxes, state income taxes, and sales taxes. Finally, it’s important to consider access to medical resources as demonstrated by my parents who will probably need to leave their dream lake home in the near future to get adequate medical care.
Monday, 13 August 2018
Kathy Longo's article How to Organize Your Finances for Retirement has been featured on Investopedia and Yahoo Finance.
Friday, 15 June 2018
Kathy Longo's article Legacy Planning: The Importance of Communication has been featured on Investopedia.
Stress Is a Major Factor That Affects Our Health and Happiness
By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 19 January 2017
According to a recent Stress in America survey conducted by Harris Poll for the American Psychological Association, money has been the number one source of stress in our lives since the survey began in 2007, beating out work, family responsibilities, and health concerns.
Could developing healthy money habits and good financial skills help your children have happier, less stressed adult lives? Nathan Dungan, founder and president of Share Save Spend, developed a financial education program conducted with parent/child pairs designed to help families balance spending with sharing and saving. The study showed that teaching youth about money can decrease their materialism and increase their self-esteem. According to the study, these improvements remained present eight months after the intervention occurred.