Author - Lea Ann Knight, CFP®

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5 Documents You Need Before a Divorce
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5 Things To Do With Your Tax Refund
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The Cost of Aging Parents
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Where There’s A Will There’s A Way
5
Financial Planners vs. Financial Therapists

5 Documents You Need Before a Divorce

Just when it was safe to go back in the water….The news of Al and Tipper Gore’s impending divorce after 40 years of marriage has made a lot of old married couples look at each other in a new light.  Unspoken is the question – Could it happen to us?

I, for one, surely hope my spouse and I can continue to travel through this hectic life and arrive at retirement ready to implement all our grand plans together.  After all the ramen dinners,  scraping for that first down payment on a house,  playing rock-paper-scissors to see who changed the …

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5 Things To Do With Your Tax Refund

It’s that time of year where dreams come alive – the season of tax refunds.  The one day a year we feel a strange gratitude to the IRS for holding OUR money and finally returning it to us.   Each year the list of ways to spend the money gets longer – new curtains, new windows, new vacations.  But this year, consider turning that tax refund into the gift that keeps on giving.   Here’s how to spend your refund wisely:

WISE IDEA #1.

Pay down your credit cards.  If you carry a balance from month to month, pay it off …

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The Cost of Aging Parents

When we were 18, our parents couldn’t wait to get us out of the house.  But at 81, those same parents are needing us to move back in.  For more and more mid-career adults, the retirement picture is starting to include care for one or more aging parents.  And very few people are planning for this when they envision their own retirement.The Cost of Aging Parents

According to the US Department of Agriculture (not sure why THEY were doing this survey, but so be it) it costs the average household approximately $15,000 per year to house, feed and clothe a healthy, active 17-year-old.   So …

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Where There’s A Will There’s A Way

Proper estate planning is like a parachute –

when you finally need it, it better work.

Where There's A Will There's A Way

As you ponder that long overdue meeting with an estate planning attorney, what is it that you really need and why do you need it?

Why Do You Need It?

Ignoring the obvious – an orderly distribution of your money – for a moment, I’d like to appeal to your emotions. Imagine your death. Who will be sad? Without some basic estate documents in place, you will be asking the very people who are trying to grieve for you to also take on a …

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Financial Planners vs. Financial Therapists

So, how are you doing on those New Year’s Resolutions?  Regretting the commitment to get some financial advice and change your spending habits?  Join the rapidly disappearing crowd outside my door.  Full of resolve in January, we often revert back to our oldFinancial Planners vs Financial Therapistshabits by Feb.1.  So I’ve been thinking about this lately.  Over the years I have talked to countless people who have come to me for financial advice when what they really needed was some therapy.  Feeling good about your relationship with money has to be one of  the most difficult accomplishments for most people.  And therefore one …

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