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What Type of Relationship Do You Have With Money? Thumbnail

What Type of Relationship Do You Have With Money?

Did you know that the way you grew up impacted your relationship with money? Everyone has subconscious beliefs regarding it and most of them stem from childhood. Personal experiences and family values also impact our understanding of money, often in ways we don’t even realize. Whether you’re a financial aficionado or barely aware of what you have in your checking account, understanding your money script can be a game-changer.

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Choosing a Retirement Date: Is the End or First of the Year Better?   Thumbnail

Choosing a Retirement Date: Is the End or First of the Year Better?

There are only 24 hours of separation between the last day of the year and the first day of the new year. Nevertheless, choosing the official calendar date of your retirement to be in one calendar year over another is not a trivial decision. The date you choose for retirement may mess with your retirement money, may cost you more (or less) in taxes, and might cause you to lose bonuses or benefits. Before you make a bad decision, here are some tips to help you figure it out.

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5 Strategies for Managing Financial Stress During the Holidays   Thumbnail

5 Strategies for Managing Financial Stress During the Holidays

The holiday season is a time of joy and headaches, celebration, fatigue, and togetherness mixed with a few knock-down drag-out fights. On top of the emotional rollercoaster ride can come a big wallop of financial stress. From buying gifts to hosting parties and traveling to see loved ones, plus filling up a cabinet with booze, expenses can quickly add up, leaving many overwhelmed.

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The Herd Mentality: Why We Follow the Pack Thumbnail

The Herd Mentality: Why We Follow the Pack

Herd mentality doesn’t just apply to politics. It can seep into various aspects of our lives, including investing. But why do we succumb to it? Herd behavior involves individuals mimicking the actions of a larger group. In the world of investing, this behavior often stems from a desire for safety and the belief that collective decision-making reduces the risk of making an incorrect choice.

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'Tis the Season for Scammers: 3 Steps to Spot Charity Fraud   Thumbnail

'Tis the Season for Scammers: 3 Steps to Spot Charity Fraud

For many people, the holiday season is when you enjoy family and friends and give a little back to those in need. Charitable giving is its highest during the holiday months. While many legitimate charities are out there looking for support, there are also scammers looking to take advantage of the holiday goodwill. Not sure whether a charity you want to contribute to is on the up-and-up? Below are a few steps you may take to see if the charity is fraudulent.

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4 Thanksgiving Lessons for a Feast-Worthy Financial Plan   Thumbnail

4 Thanksgiving Lessons for a Feast-Worthy Financial Plan

Thanksgiving is a holiday for spending time with loved ones, being grateful, and perhaps enjoying a bit of overindulgence. There are many financial lessons to be had in planning, preparing, and celebrating this annual feast.1 Here are four Thanksgiving lessons that might help your household's financial plan year-round.

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Unraveling the Web: Understanding Financial Enmeshment Bias and the Difference Between Helping and Enabling Thumbnail

Unraveling the Web: Understanding Financial Enmeshment Bias and the Difference Between Helping and Enabling

Financial enmeshment bias occurs when the finances of parents and children are inappropriately commingled. This tends to happen most often with adult children. As parents, our natural inclination is to help our kids, but it’s crucial to understand the fine line between lending a hand and enabling dependency. I’ve been thinking about this more and more as my girls get older. Especially with Ella being so close to getting her driver’s license. If she can drive, how much should she pay for things like gas, insurance, and car payments and how much should I pay? I want her to learn to become independent, but I also want to help her because she works hard at school and cheer and doesn’t have a ton of free time to work a lot of hours.

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A Business Owner’s Guide to Long-Term Care Planning Thumbnail

A Business Owner’s Guide to Long-Term Care Planning

Businesses generally are illiquid, which can create problems if a business owner requires care in a long-term care facility. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number of activities of daily living (ADL) without assistance. ADLs include eating, bathing, dressing, toileting, transferring in and out of bed, continence, or when physical, mental, or cognitive function is impaired or a doctor has ordered specific care.

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30 Days of Gratitude Thumbnail

30 Days of Gratitude

Between the excitement of Thanksgiving’s delicious feast and the hustle and bustle of the impending holiday season, the month of November often goes by in the blink of an eye. However, even just one simple act a day will help you to stay grateful throughout the month. In need of a little inspiration? Use this checklist of ideas.

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Why I joined Bluestone Wealth Partners, by Andrew Hayek	 Thumbnail

Why I joined Bluestone Wealth Partners, by Andrew Hayek

I have always known I wanted a career in the financial services industry, ever since I graduated from Case Western Reserve. The advice I received early on was to join a large firm and gain as much knowledge as possible, and I followed that path for 23 years. However, as I reached this point in my career, I felt a strong desire to leverage the knowledge I had gained to create something of my own. I wanted to establish a practice where I could focus my time on serving clients

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