When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college. Lesson 1: Budgeting 101 Perhaps your child already...Continue Reading

Investing with your spouse can be a difficult transition as you get married.  Some people decide to keep their investments separate and others decide to combine finances when they get married.  There is no right or wrong answer, but there are some things to understand about your investments and income when you get married.  There are four types...Continue Reading

As a business owner, you’re going to have to decide when will be the right time to step out of the family business and how you’ll do it. There are many estate planning tools you can use to transfer your business. Selecting the right one will depend on whether you plan to retire from the...Continue Reading

Part 2: Get Technical In part one, we discussed the benefit of having a conversation about finances with your significant other, setting goals, establishing time horizons, creating a budget and paying off debts.  Now I want to talk about the financial accounts and investments that can hopefully allow you to reach the goals you set. ...Continue Reading

Part 1: Starting the Conversation Going from dating to engaged is a time full of joy.  The same can be said when you finally get married.  Within one year I graduated college, started my career, and will be getting married.  For me, there was something so special about walking through those many changes in life...Continue Reading

What would you do with an extra $10,000? Maybe you’d pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Now that you’ve come into a windfall, you have some issues to deal with. You’ll need to...Continue Reading

Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to...Continue Reading

There’s no doubt about it — going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties involved. In addition to the emotional impact a divorce can have, it’s important to be aware of how...Continue Reading

My family still gets a good laugh from the story of me asking how to tell which one was the dryer.  My beloved Aunt Polly responded with the perfect gift—a laundry basket, detergent, two rolls of quarters, and a diagram!  It saved my life, and thanks to my wife my son is already ahead of...Continue Reading

If you’re married or cohabitating, at some point you must decide how to manage you and your partner’s joint finances.  There are multiple ways to successfully manage joint finances, so you both must decide which money management style works best for both parties. Using one of these three methods of jointly managing finances is easy...Continue Reading