Beware! Scams, Fraud, Prey on Seniors Part 1

Just this week a long-time client came in to review accounts and at the end of our meeting told me she had recently been the victim of a scam.  Her story was horrifying!It started with an email from a “member” of the US military,”deployed in Afghanistan”. ...

What I Was Surprised To Learn in Toastmasters

It’s not only about speaking but listening is just as important.When it was suggested by Rick Disharoon, a fellow financial advisor at Slate, Disharoon, Parrish, and Associates, that I attend Toastmasters, I expected to find myself among orators and...

That scholarship may be subject to income tax

If your child is deciding between two schools based on a financial aid package, be sure to weigh the taxes that may accompany the offer.Families depend on scholarships, assistantships and grants to help them afford higher education.Indeed, the annual cost...

Audit Red Flags

Are you worried about being audited?The fear may be overblown, as only 0.6% of taxpayers had their federal returns examined in 2017 (the most recent information available). That same year, only 4.3% of taxpayers with gross income before deductions of over...

Are You Retiring Within the Next 5 Years?

You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.   How much monthly income will you need?Look at your monthly...

A Guide to Health Insurance for Retirees

We designed our guide to health insurance for retirees to help you explore your options quickly and efficiently. After all your hard work, you deserve to enjoy your retirement without worrying about paying for healthcare expenses. Despite rising healthcare...

5 Retirement Planning Steps For Women

Women historically have let men plan for retirement. The old rules have changed, but women still are searching for how should navigate the path to post-work life. And that path is different than it is for men. Diane Bourdo, president of the Humphreys...

3 Big Financial Risks Retirees Face Late in Life

Will one or more of these derail your retirement? Retirement should be a time to enjoy life, but sadly it has become a time when many seniors face money troubles. These financial problems could range from run-of-the-mill budget shortfalls that make it...

Good News for Retirement Investors

WHEN YOU THINK OF investing, you might believe you have no control over the outcome.Perhaps you think of a casino, where the "house" always wins in the end, while hapless gamblers continue stuffing hard-earned dollars into the slots, fervently hoping for a...

Paths Forward Blog: Detachment

Losing an emotional connection with your spouse can be more painful than losing them to death.“Emotional checkout” happens often and while there may be specific reasons, i.e. depression, that cause detachment, there are ways to help facilitate a path...

Paths Forward Blog: Disability

When your spouse is disabled, they can often become discouraged, and even depressed. Dealing with these issues can leave you feeling lonely.Depending on the expected duration of disability, and severity of the causing factor, things can look very...

Paths Forward Blog: Death

It can feel overwhelming when your spouse passes away.Dealing with the emotional aspect of losing a spouse is tough enough, but surviving spouses can become overwhelmed dealing with final arrangements, locating account information, dealing with insurance...

Paths Forward Blog: Dementia

When your spouse suffers from dementia, it is especially hard since, as the caregiver, you feel as if you’ve lost your spouse, yet your spouse is still here requiring care.Aside from trying to process the sorrow of your loved one’s condition, dealing with...

Paths Forward Blog: Divorce

Losing your spouse to divorce is emotionally traumatic.No matter the reason for the divorce, or the stage of life in which it occurs, divorcing is generally a painful experience and the financial aspects can cause a great deal of anxiety.Should I keep the...

Understanding Homeowners Insurance

What all new and prospective homeowners need to know.If you arrange a mortgage, your lender will want you to have homeowners insurance. This coverage is critical for protecting your home and personal property against various potential liabilities.A...

Traditional vs. Roth IRAs

Perhaps both traditional and Roth IRAs can play a part in your retirement plans.IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or...

Putting a Price Tag on Your Health

Being healthy not only makes you feel good, it may also help you financially. We constantly hear how important it is to maintain a healthy lifestyle. That is not always easy, especially in the face of temptation or the easy option of procrastination. For some, the...

An Executor Checklist

The steps you may need to take to fulfill a major responsibility.If you are an executor to an estate, you must carry out your duties responsibly. Fulfilling these duties is not only a measure of your ability, but a measure of your character. You can...

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