Jalene Hahn: Close the purse strings on your adult children—gently
While our children are important, at some point, parents need to stop subsidizing their everyday expenses.
While our children are important, at some point, parents need to stop subsidizing their everyday expenses.
You always need a short- to mid-term financial goal. Always.
Fitch warned on May 24 its AAA rating for the United States was at risk as the June 1 “X-Date” on which the country would default rapidly approached.
Still to this day, plugging absurd average returns into financial-planning calculators tickles my soul.
Supporting adult children financially has become a common practice in modern times.
I’m in an expensive season of life.
Taking a walk down “Memory Lane” sometimes brings back painful memories but can also reinforce important lessons.
Traditionally assets have been prepared for the transition, while little focus is given to the inheritors.
I’ve seen so many people have 50-point leads going into the third or fourth quarter but somehow end up clutching a defeat from the jaws of victory.
The widespread adoption of smartphones led to the creation of an entire industry promising to make transferring funds quick and easy at any time, day or night, with a couple of clicks.
It’s wild to think back to the despair we felt some 38 months ago and realize we came out the other side of that nightmare in a better financial place.
There’s a rather simple way to determine whether you’ll be able maintain your current lifestyle in retirement: Calculate your projected retirement income and then see if your lifestyle fits into it.
To gain a better understanding of the debt ceiling, think of the federal government as your spendthrift friend who, despite best intentions, consistently spends more than he earns.
Mental health challenges such as anxiety, depression and bipolar disorder can make it difficult to perform daily tasks and maintain healthy relationships.
A pay raise is more likely to make retirement harder, not easier.
The NFL Draft and securities markets both provide researchers with huge amounts of data for analyzing judgment under uncertainty and decision under risk. Research leads to understanding how NFL general managers and investors make choices when resources are at stake and the outcome is unknown. In other words, you discover how forecasts are made and […]
Based on the time of year it is right now, there’s some inherent positivity afoot.
In my words, this is a convergence of the disciplines of financial planning, life planning, coaching, behavioral finance and financial therapy.
Most people have the near term figured out but can’t make the long term work.
What was true for the Bailey Bros. Building & Loan in “It’s a Wonderful Life” still rings true for J.P. Morgan today: If too many depositors demand their money back at the same time (a bank “run”), you can’t pay them all, and the bank fails.