In the News

Mid-Life Divorce | Challenges and Opportunities Through a Difficult Transition

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 06 June 2017

Mid-Life Divorce | Challenges and Opportunities Through a Difficult Transition

In recent years the number of people getting divorced in their fifties and later has been climbing—rather steeply. According to a recent study, one in four divorces are initiated by couples over the age 50.[i]

If a divorce occurs close to retirement it can be incredibly challenging to recover from a loss of assets and, according to Susan Brown, author of Gray Divorce: A Growing Risk Regardless of Class or Education, a study on the rising rates of divorce among older generations, older divorcees have only one fifth of the wealth than those who stay together have. Finding ways to end a mid-life marriage that will not substantially reduce your net worth is critical to having financial stability after your divorce is finalized. 

How Will You Spend Your Time in Retirement?

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 30 May 2017

How Will You Spend Your Time in Retirement?

When the time comes to retire there can be mixed emotions. On the one hand you are excited, right? Most people approaching retirement have worked diligently for four or five decades and the prospect of switching up that early morning, five day per week routine is certainly something to look forward to. On the other hand, feelings of apprehension can arise when you think about all that time. What if the things that you’ve looked forward to in retirement aren’t enough to sustain you?

According Stewart Friedman, practice professor of management at Wharton School of Business at University of Pennsylvania and founding director of the Wharton Work/Life Integration Project. “The questions people ask at earlier stages of life become more profound at these later stages,” he says. “Am I living the life I want to live? What is most important to me? Who is most important to me? You see the end, and so you think about what you want to do with the time that you have remaining. There is the question of: now what?”

Steps to Improving Your Online Account Security

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 16 May 2017

Steps to Improving Your Online Account Security

We had no idea that global headlines would be full of stories about on-line threats just days before we published a blog on enhancing cybersecurity! In fact, the ink “dried” on our newest post a few days before the most recent tech scare hit the news. Although the solutions in the following article are not 100% “hacker-proof”, they will offer the best protection from threats like ransomware, malware and identity theft. We hope our blog will help improve your online security.

The first personal computer introduced about 40 years ago filled an entire room, and has now shrunk to the size of something that fits in our back pocket. Just as technology has improved over time, so have the security protocols that are required to help protect us from digital theft. These security protocols that have been written by experts to help protect our critical and private data. 

In an increasingly digital and technological world it can be overwhelming to grasp what the best practices are when it comes to ensuring that our data is safe and secure. The best place to begin is to understand where and how data breaches can occur, and then determine the best options to defend yourself from these types of threats.

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.

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