Author - Eve L. Kaplan, CFP®

1
Managing Your Financial Life Well: Things to Do and Things to Avoid
2
Big Changes in Social Security Headed Your Way
3
When Your Parent’s Financial Problems Become Your Problems…
4
The Top 10 Investment Pitfalls You – or Your Advisor – Often Commit
5
When Love and Money Clash

Managing Your Financial Life Well: Things to Do and Things to Avoid

by Eve Kaplan, CFP(R) Professional

It’s easy to feel overwhelmed by all the things you need to do to manage your life well – be it exercise, meditation, diet or making smart financial decisions. When confusion reigns, you may end up focusing on the trees instead of the “big-picture” forest.  How can you manage your financial life well?

To shed light on this subject, I’ll be giving a free talk on Monday April 25  (7:30-8:45 pm) at the Bernards Township Library, 32 South Maple Avenue, Basking Ridge NJ. (For RSVP info, see the bottom of this article).

Here’s a sneak …

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Big Changes in Social Security Headed Your Way

by Eve Kaplan, CFP(R)

There are big changes in Social Security benefits headed your way. Congress surprised the financial advisory community in November 2015 by killing off two Social Security strategies many of us advisors utilized to maximize benefits for our married couple clients:  1) “file-and suspend” and 2) “restricted application.” Couples most affected by these changes are in their 50s and 60s.

Some of these changes already went into effect on 12/31/15 and others go into effect on April 30, 2016 – so you still have a few months to capture some of these strategies before they disappear.

“File …

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When Your Parent’s Financial Problems Become Your Problems…

By Eve Kaplan, CFP® Professional

What should you do when your parent or parents’ financial problems become your problems? We Americans are notoriously private about financial matters; it’s common for adult children and parents to share very little in the way of financial information. This kind of privacy can come back to bite us, however, when issues or problems our aging parents face become our financial problems, too. Here are two examples of how adult children tackled these issues.

  1. Janice and her mother, Joy:

Janice’s mother, Joy, is in her early 80s. Her father passed away several years ago. Both …

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The Top 10 Investment Pitfalls You – or Your Advisor – Often Commit

Here are the top 10 investment pitfalls I often see individuals AND advisors committing.

If you’re a “do it yourself” investor, review this check list (below). If you’ve entrusted your investments to an advisor, there’s no guarantee he or she may not be committing some of these avoidable errors!

Error #10 – The left hand doesn’t see what the right hand is doing.

Splitting up your money amongst various managers “to see who does best” is a terrible idea. “Joanne” has a $3 million portfolio divided amongst 3 managers. One manager takes a very conservative tack, while another manager uses …

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When Love and Money Clash

By Eve Kaplan, Certified Financial Planner®

In honor of Valentine’s Day, let’s look at how a couple with severe financial differences was able to avoid divorce.  Arguing over money is a very common problem in marriage — “financial issues” are amongst the top 3 causes of divorce in the US (along with “basic incompatibility” and “infidelity.”)

Susanna and Jason are both 53 and have been married 27 years; they have a 16 year old daughter. Susanna and Jason told me they constantly were locked into arguments about money. Their daughter sometimes was caught in the crossfire.  (Note: details bear no …

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