In the News

Fermi's Paradox and Your Money Story

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 24 July 2017

Fermi's Paradox and Your Money Story

I was listening to a podcast recently that got me thinking about being alone in the universe. The podcast began with a journalist, who also happened to be a particle physicist, who was having an emotional conflict with a science principle known as Fermi’s Paradox which states that there is an enormous probability that we are completely alone in the universe. This journalist explained that it made him feel really sad every time he thought of Fermi’s Paradox. His perspective was, “If we are alone…completely alone in the universe, then that means…this is it. There is nothing else out there that we can learn from or experience beyond what we, as human beings, can create.”

I hadn't really given it much thought before, but it was sort of sad if you thought of it the way he did. But then I had another thought. What if we are 100% alone in the universe, and it is up to us to explore, and chart, and amass great knowledge of this inconceivable giant space called the universe. It isn’t really sad. It’s exciting and a little scary and an enormous responsibility.

Flying the Coop: Planning for an Empty Nest

By Kathy Longo, CFP®, CAP®, CDFA

Wednesday, 28 June 2017

Flying the Coop: Planning for an Empty Nest

When your child(ren) leave home for the first time, the transition to having an empty house can be challenging. It can also be very exciting! Similar to retirement, divorce, or any life transition, the range of emotions can vary and how you manage your time, feelings, finances and relationships through that transition can have an impact on your well-being and lifestyle.

Having a child is a life-changing event. So is having a child leave home. Being mindful of what you are feeling and the impact this transition is having on your mood and your day-to-day activities is important. Finding positive and healthy ways to manage your time like exercising, taking a class or simply doing something that you love can help improve your mood and allow you to make the transition with greater ease. If you have your sights set a bit higher, taking stock of your finances and your goals will help you and your spouse find empowerment in your new independence as empty nesters.

Kathleen Longo Published in BAM Alliance | It Takes Three: Are You in the Right Relationship?

Friday, 29 July 2016

Kathleen Longo Published in BAM Alliance | It Takes Three: Are You in the Right Relationship?

 

Kathleen Longo shares steps you can take to ensure that the relationship with your advisor is fruitful and fulfilling in It Takes Three: Are You in the Right Relationship? Shared by The BAM Alliance, July 19, 2016

Studies show that 70 percent of women will leave their financial advisor after a major life change, such as the death of a spouse or divorce. Major life transitions bring enough stress and emotion without adding the need to find a new financial advisor or to master your finances. As women also generally outlive men, this longer life expectancy means you will at some point likely require financial counsel.

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