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We are excited to announce that Kathy Longo has been featured on Forbes.
Excerpt: "Kathy Longo, the president and founder of Flourish Wealth Management®, believes that it is time for 'portfolio rebalancing.' 'Sitting at the end of a 10-year equity market recovery, this is the time where individuals should take risk off the table and balance market exposure...'"
Kathy will discuss ways to navigate financial conversations with your partner, parents, or kids. She'll also introduce key ways to plan for life's financial transitions, from career to retirement, and provide thought-provoking considerations to can take home as we plan for our personal legacy journey!
A Common Hope is also having its annual Sponsorpalooza! The first month of every sponsorship will be MATCHED this month thank to an anonymous "angel" sponsor. It's a great time to become a Sponsor and change a student's life!
Thank you for joining Kathy Longo for the celebration and official launch of her first book, Flourish Financially: Values, Transitions, and Big Conversations at Barnes & Noble Galleria on September 17th, 2018.
Planning for your financial future involves much more than “running the numbers.” Your finances are connected to every aspect of your life, and the right financial plan addresses your emotional needs, wants, core values, and vision for the future. Kathy Longo’s book Flourish Financially takes a personalized approach to finance, discussing the fiscal, emotional and psychological aspects of big transitions and life events. Kathy prompts readers to reflect on their unique money story and advises on how to start productive conversations about money with those closest to them in order to create a plan that is best for everyone.
Michele Lenz joined the team at Flourish Wealth Management in late 2017 as Wealth Manager, working to directly support clients as they build long-term plans for the future. She graduated from the University of Wisconsin Madison with a Bachelor of Science in Personal Finance. Michele has remained dedicated to growing her financial planning knowledge and developing tools to support our clients. It is an impressive accomplishment to become a CFP® practitioner, adds a lot of value to our team, and we want to share some of Michele’s journey.
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.
Getting your finances organized is one of the first steps to take when you are approaching retirement. Having a clear financial picture can help ease the transition into retirement because, at the very least, you’ll know what accounts you will be drawing from, where they are being managed, how your investments can continue to generate income for you and what tax liabilities they may impose.
It requires discipline and clarity to keep your finances organized before and during retirement.
Having a well-established plan for your estate and communicating your wishes clearly with your children and grandchildren can help keep your legacy plan as conflict-free as possible. The following key areas tend to cause the largest conflict among family members. Make a plan and communicate your wishes with your family about how each of these areas will be handled in your legacy plan.