When Mom Never Asked Dad About the Finances

This post was sponsored by Regions Bank.  All opinions are my own. Making financial decisions can be tough with or without the right tools. As young professionals juggle many financial priorities, it’s important to realize the gravity of our decisions and the influence those around us have on us, whether that be found in a role-model or through a family member. There is no doubt that your childhood and upbringing have a massive influence on how you manage your finances in adulthood.  These range from small items to how you handle traditions during the holidays to whether or not you decide to take grand scale type vacations.  My “boss” behavior was dramatically impacted with an event that changed my life forever and what got me into the business of becoming a financial advisor. While attending Boston College, I had always planned to do a double major in finance and accounting.  My real goal was to become an investment banker in ...

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Who Will Take Care of Mom and Dad?

For Boomers and Generation X’ers, you are probably beginning to see the early stages of your parents slowing down or perhaps one of them had a mild health scare over the last five years that got you thinking who is going to take of mom and dad?    Before each one of your brothers and sisters rush to put their finger on their nose and scream “NOT IT!”, it may be time to have a serious discussion about who will bear the responsibility should your mom and dad need someone by their side for financial or medical decisions.   There are several key mistakes that I see families make when it comes to discussing their aging parents’ finances. Who will be the main caretaker for Mom and Dad? – Since many siblings are strewn across the country, you should have a discussion with Mom and Dad so they know who will be taking the lead for potential items such as power of ...

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Let Me Tell You How It Was When I Was A Kid

Remember.  Remember how thoroughly annoyed you got when your parents sat you down for that tongue lashing telling you about how spectacular your life is today compared to how it was when they were growing up.  Remember how you rolled your eyes with this incredulous look on your face when you scoffed at how your parent’s lives resembled Stone Age living compared to your posh life today.   Remember how eating out for your parents meant sitting on the picnic table in the backyard and now you actually get to eat out a McDonald’s.   I never wanted to be that guy, but I feel like Mr. Anderson from the matrix when subconsciously I hear the sounds of the train on the train track screaming inevitability. I’ve told myself for years that I would never pull that ‘let me tell you how it was’ trick on my children.   Well, that must mean it’s David Copperfield time because here are my rants about ...

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