Getting one’s financial house in order is usually at the top of annual New Year’s resolutions, but far too often, we overlook and even neglect making critical decisions during the last few months of the year that can impact our personal financial situations for this year, next year, and for years to come.
Most of my articles have been geared towards couples, yet individuals have financial concerns as well. In a relationship, generally, one person handles most of the financial planning and money issues. But what happens when the spouse who actively managed the couple’s assets and financial future is no longer the decision maker? The less experienced spouse has to step up to the plate, usually with little or no warning. Because this transfer of responsibility is often occasioned by death, disability, or divorce, it can be an emotionally challenging time. Yet critical decisions concerning investments, insurance, financial, and estate planning need to be made to avoid or minimize financial hardships later.
Whether you are single or in a committed relationship, it is hard enough to take care of the challenges of day-to-day living without having to worry about planning for the future. Despite your hectic life, you may have already taken the time necessary to plan for retirement and for your life insurance needs. However, not enough people have taken the time to evaluate the need for long-term care.
In the wake of the Orlando shooting as well as other acts of gun violence over the past few years, I’ve been asked more and more about limiting gun manufacturers from client portfolios. For those clients who have been concerned about guns, we’ve been discussing socially-responsible investing.
REACHING OUT TO THE GAY AND LESBIAN COMMUNITY?
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