In the News

Mid-Life Transition, Not Crisis

A New Emergence of Mid-Life Course Corrections and What We Can Do to Facilitate Support and Awareness

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 30 April 2018

Mid-Life Transition, Not Crisis

We often discuss the challenges and opportunities people face during the transitional time period that accompanies retirement. Retirement is something that is marked by a specific event in our lives, so it seemingly has a beginning and we are equipped to work through this transition because, by definition, we know when it is going to take place. In contrast, there are other transitional periods in life that are not as clearly defined. I recently read an article from the Washington Post that discusses the transitional period that many people encounter during middle age (40 to 65) that is not given very much attention but, perhaps, should be identified and addressed both by members of our financial profession as well as by the people who are either approaching or currently living in this phase of their lives.

Quality of Life in Retirement

By Kathy Longo, CFP®, CAP®, CDFA

Thursday, 19 April 2018

Quality of Life in Retirement

Living life the way we envision as peaceful, abundant, secure and fulfilling is what many call the American Dream. Quality of life is a meaningful part of our needs to feel happy and safe in our lives. Unfortunately, from social isolation to diminished health to poor eating habits, people’s quality of life is at risk as they age. There are many factors that can contribute to a reduced quality of life and there are planning measures that can be taken to mitigate that loss.

The Myth of Financial Goals: Most People Don?t Know What They Want

By Kathy Longo, CFP®, CAP®, CDFA

Friday, 16 March 2018

The Myth of Financial Goals: Most People Don?t Know What They Want

You have seen it a thousand times: “We help you reach your financial goals.” It is the tagline for the majority of financial advisors. And before you say to yourself, “Well Kathy, we have seen you use those exact words too.”, I will fully disclose that I am as guilty as the next guy or gal. We use it all the time. But it got me thinking about the relationships that we have with our clients and what financial goals planning really means. When we ask people what their goals are we are often given pretty broad answers that don’t quite get to the heart of the situation, much less provide enough information to set an action plan. Answers like, “I want to retire comfortably.”, “I want to save enough to leave money to my kids or to charity.”, or “I want to make sure that what we’re doing is right for the long-term.” are pretty common, but we strive to dig deeper.

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