Author - Claire Emory, MBA, CFA, CFP®

1
Back to School: Improving Financial Literacy
2
Set Boundaries When Adult Children Move Back In
3
Reached Your Retirement Savings Goal? Keep Saving.
4
Read and Reflect on Fiction with Financial Themes
5
Deciding When to Claim Social Security Isn’t a Guessing Game

Back to School: Improving Financial Literacy

It’s early September and while everyone is in back-to-school mode, why not take some time to hit the books and learn about some aspects of financial planning that you know little about?  Once we can read, we give less though to literacy, however the need to improve financial literacy is ongoing.

While you can rely on a Fee-Only financial planner to deal with you fairly and not pressure you to spend or invest in ways that aren’t beneficial to you, it still might be a good idea to learn more on your own. Because while your finance planner can tell …

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Set Boundaries When Adult Children Move Back In

It’s back-to-school time: the point of the year parents look forward to sending their children off to school, knowing that another summer break is months away. However, some parents of adult children are in the opposite mode—instead of sending children away, they may need to welcome their adult children (and possible the child’s spouse and the grandchildren) back home. 

In “Thinking about welcoming adult children back into the nest? Consider these tips before deciding,” Washington Post columnist Michelle Singletary offers some advice. Overall, she writes, “No matter how responsible and hard-working your adult child is, the best-laid plans …

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Reached Your Retirement Savings Goal? Keep Saving.

In “Are you confident about your retirement savings? That could be dangerous,” USA Today and TheMotley Fool discuss a survey that found “38% of retirees say they felt either extremely or very confident in their savings before they retired.” Notice that this is how they felt before actually retiring. It is possible that these same survey respondents felt differently once they had been retired for a while.  

As the article notes, this certainty can backfire if those who are feeling confident get lax about money management. Perhaps someone approaching retirement looks at what they have already saved …

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Read and Reflect on Fiction with Financial Themes

Summer isn’t over and there is still time to relax on the beach, the park, or your own backyard with a good book. And when we say good book, we don’t necessarily mean a book with financial advice.

USA Today’s “Alpha women and fancy yachts make for good summer investing and finance reading” offers suggestions for recreational ways that you can get more insight into your money management and your own financial habits. Reading informative texts is needed to learn about finances but you can also learn from fiction and memoirs. You read about other peoples’ triumphs, …

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Deciding When to Claim Social Security Isn’t a Guessing Game

The summation of a Bloomberg article that states that many Americans opt to receive Social Security benefits at the wrong time may be confusing: “Most retirees should wait longer to access their benefits, researchers find. Some should claim them sooner.”

Why does this advice seem to be contradictory? Because there is no one rule for claiming Social Security. It really depends on you and your situation.

You cannot guarantee you’ll live to 100 and beyond but if you have clear evidence that you may not live well into old age, perhaps you shouldn’t wait. If you are healthy …

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