Considerations for Preparing Your Heirs to Take Over Your Business
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 30 October 2019
A common trait among successful business owners is to place importance on instilling their business values in their children. This is especially key when you plan for your children to play an increased role in the business as you age or after you die. In these cases, it’s important to guide your children in business starting at an early age and ensure they understand their future role. Your children are likely to have an easier transition when you eventually step down or scale back your responsibilities if they have grown up in the business.
How to Give Back Without Jeopardizing Your Finances
By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 17 October 2019
Retirement should be a time of great fulfillment; an opportunity to live the most gratifying life possible, enjoying all that you worked so hard to achieve. For many retirees, charitable giving offers an especially meaningful way to utilize your assets and support organizations and causes you care about.
– And What You Can Do About It
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 25 September 2019
Money can be a complicated topic for many women, and too many avoid learning enough about their finances to feel secure and informed. If you count yourself in this category, it’s important to begin thinking about your retirement plan since women are much more likely than men to run out of money in their retirement years.
The importance of having money discussions before you tie the knot.
By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 31 January 2019
Love is exciting. The first date jitters, the honeymoon phase, ring shopping etc. Wedding planning, while often stressful and expensive, is all about planning a life together. We love love. What we don't love, as evidenced in various TV shows and movies, is talking about what happens after the happily ever after, which often involves money. Whether you come in with a lot or too little, there are hurdles. The dreaded prenup. The horror stories of partners carrying huge amounts of undisclosed debt. The reality is, in most aspects of our lives, we avoid having difficult financial conversations until we have to. Waiting until things hit the fan, unfortunately, takes away a lot of options. It is in these situations when couples are forced to be reactive instead of proactive.
By Kathy Longo, CFP®, CAP®, CDFA
Monday, 07 January 2019
It’s that time of year again, fresh starts, new beginnings and a long list of resolutions. We all have them, probably a little bit more exercise, eat better, tackle debt, save more. These are things we all could be better at and so this year, instead of putting them back on the shelf after a few half-hearted attempts, let’s go over some ways to actually reach your goals. It’s great to sip champagne and think of all the things you will do better this year, now imagine how much greater it will feel to actually accomplish those goals at the year’s end?
