Posts Tagged ‘marital money relations’

Legacy Issues

Sixty-three percent of surveyed affluent adult children between the ages of 18 and 22 say they’ll need to rely on their inheritance for financial security during retirement. Before the inevitable groan about the entitlement of youth, bear in mind that today’s young adults do have different financial challenges than in past generations. 1 It used to…

Read More

Banking Trends

In its recent 2018 Banking Industry Outlook report, Deloitte identified six key themes that are driving trends for financial institutions today:1 Redefining what makes for a positive customer experience Managing a myriad of technology platforms Mitigating cyber risk Adjusting to competition from fintech (financial technology) companies Aligning business strategy with regulatory compliance Reimagining the workforce…

Read More

Inflation: Expectations for 2018

It seems as if inflation has been biding its time. Since the financial crisis a decade ago, growth in prices and wages has been muted.1 However, many financial analysts believe that’s about to change. A jobs report from early March revealed continued hiring and a moderate increase in wages. The stock markets welcomed the news, responding…

Read More

Balancing Investor Euphoria with Market Reality

Many social media users share nearly all aspects of their lives, from photos of cute kids and pets to their political views. And now, we even are seeing posts from exuberant investors bragging about their investment returns. For example, consider this social media post:1 “I strived to become a 401(k) millionaire someday, and this week,…

Read More

What is Financial Success?

If we look at society and societal norms, a lot of weight is given to success when it comes to defining happiness. If we see a person who is successful, it is often assumed that they are happy. On an existential level, we should consider what it all means. In reality, we actually have no idea whether or not that person is either happy or successful; for a couple of reasons: First of all, we can only measure someone else’s success or happiness by what we know about them. Secondly, and more importantly, we can only measure someone else’s success or happiness by how we define success and happiness. There is really no way of knowing whether their measures are even similar to our own.

Read More

Where will your financial path take you?

“Two roads diverged in a wood, and I—

I took the one less traveled by,

And that has made all the difference.”

–Robert Frost, excerpt from the Road Not Taken

In a recent article from Financial Advisor Magazine that identified the regrets, many people have for not taking more risks in life. “Among the top regrets were: not following their dreams, not taking risks with their careers, not taking risks with their lives in general, and not being gutsy enough in the choices they made.

Read More

Maintaining Marital Bliss Through Your Retirement Transition

Compromise is a key component in any happy marriage. It gets couples through the many roadblocks that life places in the path of a long-term, committed relationship. And while the ability to negotiate and reevaluate throughout the long haul goes a long way, even the strongest partnership can find itself buckling under the stress of retirement. The hopes and dreams of what a life in retirement will look like can change over the course of a marriage. Couples who had previously expressed shared notions of what they want in their retirement may find themselves going in different directions when a life of work finally ends. Many couples who have had decades of marital bliss with little discord find themselves stressed and unhappy when retirement finally comes.

The level of marital stress during these years depends on which spouse retires first and if expectations of life in retirement have changed (for one or both partners) over time. The ability to “roll with the changes” certainly helps steady marital navigation during this often stormy time of reevaluation, but certain factors appear to have a significant impact on stress levels.

Read More