Having a child is a life changing event. So is having a child leave home. Being mindful of what you are feeling and the impact that it is having on your mood and your day-to-day activities is important during any major transition. Finding positive and healthy ways to manage your time like exercising, taking a class or simply doing something that you love can help improve your mood and allow you to make the transition with greater ease.
Whether a loved one has mild, moderate or severe Alzheimer's Disease, the symptoms of this disease gradually become worse. For the loved one affected, this can be scary and frustrating. For the caregivers, similar feelings may arise.
The New Hampshire Lottery winner is still anonymous and we think that's a good thing.
After the recent lottery win in New Hampshire, there is a buzz of speculation on why the winner hasn't yet come forward to accept his or her winnings. Among the speculation, the most likely scenario is that the winners are trying to find the best way to handle this new reality without exposing themselves to the many negatives that come with winning the lottery.
Recently, we came across this article from Financial Advisor Magazine, written by Robert G. Kuchner, entitled When is and Inheritance Too Big? At the outset of the article Mr. Kuchner outlines three legacy scenarios from real people. All three scenarios seemed well thought out, but only two turned out to be the right choice. In the third story, the woman who had passed away had established a trust for her son, but wanted her husband to be able to redirect a portion of her assets so that he would have financial options. Unfortunately, he was successful, due to this clause, in effectively nullifying the entire intent of her will and excluding his own children from the trust.
In the aftermath of losing a spouse, it can be challenging to know which choices to make, when to make them, and sometimes, whether or not to make any choice at all. Identifying the opportunities that you may have in order to develop a framework for moving forward in a more positive direction in your life will help you to gain clarity through your transition. When you are grieving a loss and going through a major life change it can be extremely challenging to address the more practical aspects of your loss and it helps to have a trusted advisor who can help position you for a financial future with peace-of-mind and confidence.
You can discover more about a person in an hour of play than in a year of conversation. ~Plato
As summer approaches, whether we notice or not, we all start to think about having a little more fun. There are cookouts, and Fourth of July parties, and summer vacations and we can all finally spend some time outdoors. There are a lot of memories to reminisce about and different ways to play and have fun. But there is something more to it actually. There is a reason we go through all of this trouble to have a good time.
With the weather warming up, many of us will be taking vacations, weekend getaways and having parties to enjoy the summer season with family and friends. Planning and taking these getaways is not always relaxing, though. For many people, this can stem from having too many things to think about and do all at the same time. We talk with our clients a great deal about how to stay focused and and be present in order to find balance and well-being in life. This month's blog highlights how some of the Northstar team relaxes and how appreciation of simplicity can remind us that we don't need to keep piling it on: literally or figuratively.
When it comes to planning for retirement, most of us all want the same things—a comfortable standard of living, sufficient income to last as long as we need it, and time to do the things that we enjoy.
In the process of getting there, however, there are different approaches that might be considered, especially when it comes to women. Many women feel they do a good job at managing their current finances but fall short when it comes to planning ahead. Most often, these limitations are due to a lack of adequate time to devote to planning for the future or a lack of understanding about where to begin.
Love and money—they go together like oil and water. Love at its best is romantic and unconditional. Money, on the other hand, is finite and requires a healthy dose of pragmatism to manage successfully.
The Opposite of Spoiled
By: Ron Lieber (Harper Collins, 2015)
Money can be a touchy subject for parents of all income levels. However, if you are a parent who wants to teach your children how to handle their finances, you may be looking for some help talking the talk. This book is meant to be part of that conversation.
Accentuating the positive during a challenging year for Wall Street.
2015 has presented the world & the markets with considerable challenges. Terrorist shocks, the Russia-Turkey spat, the possibility of a fractured Eurozone, the wild ride for Chinese equities and the global manufacturing slump ... yes, they have weighed on minds and markets, but as the year draws to a close, there is also much to encourage us, and much we can be thankful about economically.
More Articles ...
- Financial Literacy: The gift that keeps on giving
- Hedgefunds Overpromise and Under-deliver
- Do you have a 5/10/20 Retirement Plan?
- Inheritance: A Complex Transition