I hope you’ve had the opportunity to view our virtual conversation with author and behavioral finance expert Morgan Housel. If you haven’t, I invite you to experience it here. In his book, The Psychology of Money, Housel explores financial lessons in a collection of 18 short stories to highlight the many ways people think about money. The variety of topics addressed nearly guarantees there will be at least one lesson that resonates with or provokes additional thought with each reader. For me, ... [Continue Reading]
CCM Women's Initiative
Articles and resources related to CCM Women's Initiative.
While the gap appears to be narrowing, research shows that women, particularly women of the baby boom generation, feel less confident than men about managing money.1 At CCM, we are very intentional about involving all of our clients—women and men—in the integrated planning process. It’s very important to us that all clients feel heard and understood, such that they have the confidence that their financial plan is designed with their individual goals and priorities at the center. CCM ... [Continue Reading]
“I’m sad and happy for you.” Some might consider that an odd response to news of a divorce. I have found it to be the best way to acknowledge a very complex situation. I lead off my response with sad, as divorce is a uniquely painful experience. On top of the emotional and psychological challenges, there are many impactful financial matters to be worked through. Division of Financial Labor In many couples, there is one partner who gravitates toward doing more of the financial workload. ... [Continue Reading]
A truly integrated wealth management plan works in tandem with your estate plan. Because tangible personal property (e.g. jewelry, books, art, photos, household furnishings, and more) typically carries significant sentimental value, it is likely to be a topic of discussion among your heirs and can be a challenge to navigate. Given the potential for conflict, and the difficulty in assigning each piece a monetary value and, thus, distributing it equally, below are some suggestions for how tangible ... [Continue Reading]
Our deep and broad multi-disciplinary approach to wealth management is unique in the industry and is designed to provide clients and their families with optimal outcomes. In keeping with that commitment, I'm excited to introduce you to CCM Director of Estate Planning Janelle Schrupp, J.D. In her role at CCM, Janelle lends her experience in estate planning and elder law to support clients in developing and administering estate plans to efficiently transfer wealth. She has a heart for people ... [Continue Reading]