Our Pie Parties always provide wonderful material for morning notes. Tuesday’s gathering was no exception. As you might have guessed, the recent government shutdown was brought up and we explored the topic. In particular, Jack voiced concern about workers not being able to financially shelter in place during their paycheck hiatus. In other words, why couldn’t
If you sold out of the market this summer, you missed a 10% increase
While some of us are spenders, others savers, most of us fall somewhere in between. Can you account for where your cash goes, or do you frequently find yourself wondering exactly where your money goes each month? The good news is that there are a lot of things you can do to save money starting today.
Here are just a few of them.
A common misconception about legacy planning is that only the very wealthy leave legacies. But nothing could be further from the truth. That’s because your legacy is about far more than the money or assets you leave to loved ones or the organizations you support. It’s also about the family history, values and traditions you pass along to family members and loved ones.
So you’ve got your degree, now what?
Tips for preventing fraud
Cybercrime and fraud are serious threats and constant vigilance is key. While Robert Gordon & Associates plays an important role in helping protect your assets, you can also take action to protect yourself and help secure your information. This checklist summarizes common cyber fraud tactics, along with tips and best practices.
By: Kathleen Longo, CFP®, CAP®, CDFA
Adults are faced with challenges (and advantages) that can date back to our experiences as children, particularly when it comes to money values. Our long-term financial perspectives are strongly influenced by money conversations and experiences with parents. However, even kids that grow up in the same household can end up with very different money values. For example, my 12-year-old son is a “spender” and money seems to burn a hole in his pocket, while my 11-year-old daughter is a “saver” who always seems to have cash in her piggy bank (or other hiding places her brother doesn’t know about yet). On the other hand, our “spender” son pooled all of his birthday money a year ago to buy stock in Apple through a great website called stockpile.com and has resisted the opportunity to cash out whether the stock has gone up or down (fortunately for him, mostly up over the past year).
But how do people learn lessons in money management and financial decision making? We all have a money story and each of ours is different. This money story likely begins in childhood and has shaped who we are as adults. Some people have repeated the money habits of their parents, and they have faced financial setbacks or successes depending upon the outcome of their financial choices. Many people have also learned from their parents’ financial mistakes and made financial decisions based on those lessons. Or, as experienced in my family, people can grow up in the same environment and develop very different money values. Whatever the results, our upbringing has created deep roots that impact financial choices.