Educational Articles

Deciding on where to live can be a daunting decision after becoming suddenly single. Often, there is an emotional attachment to the home. Your options include staying, purchasing a new home, or renting.

We all know women who find themselves suddenly single and one frequent cause is divorce. In some cases, the wife may see the impending divorce or anticipate it. In others, she is blind sighted when her spouse announces he wants to end the marriage.

The passing of a spouse or any loved one is hard enough to deal with. Worry over finances should not be part of the grieving process. Planning ahead with both spouses being involved and relying on a trusted financial advisor as well as other professionals can go a long way toward easing the worry and pain caused by critical financial events.

Take some time to look at your finances. Getting organized and reviewing your information does two things. First, you can see where you are today. This provides the base from which you will move forward. Next, start setting goals. Think about where you want your long-term plan to take you and then set short-term and intermediate goals to get you on the road to success. And this isn’t just about account balances, although that may be part of it. Leading a fulfilling life revolves more around family, occupation and recreation. Make sure your goal setting includes the things you want to do for fulfillment, not just the digits in your net worth.

We have defined a process for the approach to planning and investing, we call the Waypoint FORMula. It includes identifying the core concerns and priorities of each client, whether single, married or in a relationship.

Planning ahead for children that have special needs is an important part of your financial plan and estate plan. Finances are just part of the plan.