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Over my career, I have coached many people on how to build their wealth so they can leave a financial legacy behind for their loved ones. I am also familiar with the statistics regarding the “Great Wealth Transfer” that estimates $68 trillion will be passed down from baby boomers over…

  • Talking about mortality is a topic that most people try to avoid. A difficult conversation becomes even more complicated when you’re talking about the mortality of your parents and how their estate should be handled. Yet, these conversations need to be had, regardless of the awkwardness and discomfort associated with them. The holidays can be an excellent time to have these conversations as most of the family is together. Here are some tips to keep in mind to tackle these tough topics and still enjoy the holidays.   Before you have these conversations, keep in mind the different dynamics at…

  • FIRE, an acronym for “Financial Independence, Retire Early” is trending as a new financial lifestyle.  In a nutshell, FIRE promotes extreme savings in your 20s, 30s and 40s, with the goal of being able to live off passive income from the accumulated nest egg much earlier than typical retirement age.  Some proponents suggest saving 70% of your income until you have collected 25x your annual salary, cutting your working years in half.  Extreme saving is not a new idea, but the phrase has taken off in the last couple of years, creating a cult following online. Putting aside additional savings…

  •   There are some who see retirement as a finish line. I feel like this is slightly misleading. In actuality, quite a lot can still be accomplished at this time in your life. Rather than viewing retirement as a reprieve from the hustle and bustle, I like to see it as a final chapter to solidify your life’s success. How that looks, though, is entirely up to you.   The first step to ensure your life’s success is determining how you personally define that. This is a big picture question. Think about what you want said about you at your…

  • Preparation for retirement is extremely important, and it extends well beyond finances. In addition to knowing how you’re going to fund it, you also need to know what your time will look like when you say you’re done with being a wage earner. With this new lifestyle, you not only need to determine how to fill up the hours in the day, but you also need to determine what your new purpose is. This can be a pretty significant task, which becomes even more complicated when you add another person to the equation. That’s why you need to work on…



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