Dr. Ezekiel Emanuel, a major architect of “Obamacare,” wrote a thought-provoking article in the Atlantic recently entitled “Why I Hope to Die at 75.” Although he graciously concedes the right of others to make different choices, this major health care policymaker insists that “families — and you — will be better off if nature takes it’s course swiftly and promptly”, with only palliative medicine provided to seniors over 75.
Some types of pears and other fruit don’t change color as they ripen; you have to feel the softening. If you wait too long, you’ll eat overly sweet fruit or have to throw it away. Similarly, if your will has been safely tucked away for awhile, it may have passed its peak financial efficiency unnoticed.
The concrete structure called Elevation Chandler was intended to be a luxury hotel and would have provided the Chandler Fashion Center located next door a steady stream of consumers. It now sits vacant and exposed on an empty dirt plot and serves as a stark juxtaposition to the prosperous shopping center.
Asset allocation is a time-tested strategy that can help take the guesswork out of choosing investments for your portfolio. Instead of putting all your eggs in one basket, you spread your eggs (dollars) among a variety of baskets (stocks, bonds and cash). The baskets can be further divided within each type of investment.
Life expectancies are almost five years longer today than they were 30 years ago, a fact that increases the likelihood you will provide some form of support for aging parents — through home care, helping out with day-to-day chores and errands, or even covering living expenses. That role can make significant demands on your time, energy and financial resources.
Saying it will make the state more competitive, the Senate Finance Committee voted unanimously Wednesday to exempt manufacturers and smelters from having to pay tax on the electricity they buy and use.
Martha and Dave are in their mid-50’s and they make up the middle section of the sandwich generation. Dave’s father lives with them and his mother is in a nearby assisted living facility. They have a daughter in high school and a 26-year-old son who recently moved back home when he got laid off from his first post-college job. Baby boomers like Martha and Dave are giving up to 40 hours a week of unpaid care for elderly parents while balancing child-rearing and full-time jobs. How can they make this work?
Every so often some researcher whips out his calculator and estimates how much it takes to raise a child today. I suspect that this exercise is some sort of subtle pressure from the government to cut down on overpopulation, because the Department of Agriculture says it costs a libido-crushing $241,080 to raise each of our Special Snowflakes to age 18.
Fall is almost officially here — and if you’re like most people, you’re probably wondering how summer went by so fast. Those trips to the lake or the beach are fading in memory now, giving way to helping kids with homework, raking leaves and the other rites of autumn. And just as your day-to-day tasks change with the seasons, so, too, will your money management and investment activities at different phases of your life.
Self confidence and financial confidence can go hand-in-hand, according to Cynthia Fick of Financial Life Planners in Ahwatukee. That’s why Financial Life Planners decided to become the corporate sponsor for the Girls Rule Foundation.
Almost everyone would agree: Moving is a hassle. In addition to selling your current home and finding a new one, you may need to deal with a new school for your kids, a new doctor, a new dentist — the list goes on and on. But you’ll also need to consider the financial aspects of your move — specifically, your investments, insurance, taxes and even your estate plans.
Within a marriage, a man and a woman’s financial circumstances are generally pretty much equal. But if a divorce occurs, the woman’s situation tends to be somewhat more challenging than that of her ex-spouse. And that’s why, during this major life transition, you may want to meet with a professional financial advisor to go over your spending needs and your cash flow, so that you know what you absolutely need today — and how you can plan for tomorrow.
If you’ve just had a new baby, your life is filled with more joy (but less sleep). You’re probably already aware of the time and effort you must invest in raising your child, but you may not have thought as much about another aspect — the financial one.
As Christy Everson was nearing age 40, she made a decision: She wanted to have a child, even though she was single and it meant doing it all alone. Her daughter, conceived via a sperm donor, is now 2 1/2 years old, and Everson hopes to have a second child.
When it comes to money, women have their own style. The wealth-building strategies that resonate with women and lead them along the path to greater financial freedom are not the same as those for men. We assimilate money information differently — not only because of cultural attitudes and beliefs about women and money, but because of how our brains take in, process, and use information. How much of your brain power is being applied to decreasing your financial vulnerability and increasing your financial know-how and well-being?
When the federal government is low on cash to pay its bills, Congress can authorize the government to borrow money to meet its expenses. The limits to this borrowing — the debt ceiling — are raised periodically. Currently, members of Congress want to see measures put in place to reduce government spending and our national deficit before they agree to raise the limits again. These issues are still on the table, but a recent vote passed legislation to allow more borrowing until May.
These days, you can go online and invest, for modest fees. You can also visit various websites for research and watch numerous cable shows for investment recommendations. So, why shouldn’t you be a “do-it-yourself” investor rather than work with a financial professional?
iCoachBoomers and the Valley of the Sun Jewish Community Center announced that Glen Spencer will be a panelist for the expert-led workshop, Maximizing Entitlements, at "Boomers – Now What?” from 9 a.m. to 4 p.m. Jan. 11 at the VOSJCC on Scottsdale Road and Sweetwater in Scottsdale.