Five Steps to a Less Stressful Retirement Transition

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 07 March 2017

Five Steps to a Less Stressful Retirement Transition

Many of us look forward to retirement as a time for relaxation, exploring hobbies and using our time to focus on things other than work and career. Planning for retirement, however, can be stressful even in the best situations and downright daunting for people nearing retirement who may not have planned as much as they’d have liked. According to a 2016 PwC survey, a little less than half of Baby Boomers know how much income they will need in retirement and are concerned that they will run out of money.  That kind of uncertainty compounds the stress that many people often face when trying to save and prepare for retirement.

Visualizing your retirement is one way to give yourself peace of mind about how to achieve it. The following five steps can help you create a successful and fruitful financial plan.

Commitment and Courage: Why Retirement Is Like Learning to Fly on a Trapeze

By Kathy Longo, CFP®, CAP®, CDFA

Friday, 24 February 2017

Commitment and Courage: Why Retirement Is Like Learning to Fly on a Trapeze

I have a vivid memory about learning how to fly on a trapeze. We took a family vacation when my oldest daughter, Maddy, was still very young. The resort had a variety of family activities including the trapeze. It looked scary and fun at the same time! Climbing up that tall ladder and reaching out for the trapeze looked incredibly dangerous, followed by the exhilaration of flying through space. My daughter was reluctant to try, so I made a commitment to fly on the trapeze to show her it could be done and help her to make the same courageous leap someday. The climb up the ladder was nerve-wracking, even with a full safety harness on, then I jumped into space hanging from the trapeze. It was a big accomplishment to be courageous while getting on the trapeze and the joy of flying through the air was amazing! I still remember the breathless rush of being back on the ground and looking up at the top of the ladder with a smile of success. Although I’m proud to have flown o n the trapeze, courage was the most important part of the experience because it empowers you to keep going in the face of adversity.

A View from the Top:

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 30 January 2017

A View from the Top:

Finding the path through life's transitions

The Sherpas of Nepal spend their days guiding eager and daring travelers up the treacherous paths of Mount Everest and other peaks of the Himalayas. What they have witnessed in a month is likely more terrifying than what most of us have experienced in a lifetime. And yet, they continue on. Day in and day out, acting as guides to thousands of visitors per year. I admire these Sherpas. Although the paths are dangerous and they will undoubtedly encounter countless obstacles, the ability to embrace the uncertainty that the peaks of the Himalayas hold is part of their life, their livelihood, and their nature.

When it comes to major transitions in our own lives we might pause to take a lesson from the Sherpas. They do not seek to remove themselves from the challenges they face. Rather, they square up and get through, finding the most navigable solution in order to arrive safely on the other side (or to the summit, as it were).

Teach Your Children Wealth

Stress Is a Major Factor That Affects Our Health and Happiness
By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 19 January 2017

Teach Your Children Wealth

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.

How do you Define Success and Happiness

What is financial success?
By Kathy Longo, CFP®, CAP®, CDFA
Tuesday, 03 January 2017

How do you Define Success and Happiness

As we enter a new year we often reflect on the successes of the prior year (as well as not so successful moments) and we look to improve in the coming year. Resolutions about our habits (good and bad) are often made. No matter what type of changes, if any, you have chosen to make this year, they all come down to two things happiness and success. So what does that mean to you?

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