As I reflect on the past year, it has certainly been one where priorities and boundaries have been stressed more than ever. For many of us, all the related demands have tested work-life balance like perhaps never before. In a society where parents sometimes get the message that they ought to work like they don’t have children and raise children like they don’t work, it has been easy for me to fall into the trap of striving to be like Wonder Woman. I’ve had to slow down, breathe, and not allow my ... [Continue Reading]
Articles and resources related to Financial Planning.
With springtime comes graduation season, a time when many parents and grandparents examine their educational savings strategies and take action—discussing them as a family and, in many cases, redoubling their efforts to save funds for future college-bound graduates. Although 529 college savings plans are growing in popularity, roughly 66% of investors 1 are unaware of them and their benefits. A recent study suggests that, on average, a child is seven years old when a 529 account is ... [Continue Reading]
In my 20 years of working as a wealth advisor for hundreds of high net worth families, I have found facilitating family meetings to be one of the most meaningful and impactful things I do. An effective family meeting opens up the lines of communication regarding a family’s shared values around money and wealth and can become an unforgettable family bonding experience paying dividends for many years into the future. Taboo Topics Handled With Care We live in a society where conversations ... [Continue Reading]
It is the Greek philosopher, Heraclitus, who said, “Change is the only constant in life.” Some life changes are more welcome than others, and change is often hard. Some of these changes are planned, while some can be very sudden. At CCM, I believe we do great work for clients in any number of transitions, including in the instance of a divorce or the death of a spouse. When clients find themselves suddenly single, for example, they are often mired in details and decisions that they have never ... [Continue Reading]
According to the World Health Organization, the number of adults living with dementia—a condition that negatively impacts a person’s memory and cognitive function—stands at 50 million. This number is expected to rapidly grow to 82 million by 2030. Alzheimer’s disease is the most common form of dementia, accounting for 60 to 70 percent of all cases. 1 With dementia on the rise, it's increasingly important to consider dementia-friendly wealth management strategies. Stages of ... [Continue Reading]