facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Blog

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.

Read More
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.

Read More
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.

Read More
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

Read More
Building Your Retirement Nest Egg: A Guide for Entrepreneurs Thumbnail

Building Your Retirement Nest Egg: A Guide for Entrepreneurs

If you own your own business or if you’re thinking about starting your own business, and you’re like me, coming from the corporate world, you may not be aware of how many options are available to you to save for retirement. Since each plan has different advantages and disadvantages, depending on your situation, I wanted to do a shallow dive to explore retirement vehicles tailored to business owners to empower you to make informed choices to maximize your retirement savings.

Read More
Halloween: The History of One of the Most Mysterious Holidays  Thumbnail

Halloween: The History of One of the Most Mysterious Holidays

Halloween is full of fun, scares, and a little bit of mystery. But what few people may realize is that the holiday that is now represented by candy, costumes, and the occasional mischief, has evolved drastically over time with multiple cultures adding a little bit to create the holiday that is now widely celebrated across the country. Below is a little history on one of the most favorite holidays to shed some light on its mysterious past.

Read More
A New NBA Season and a Great Time to Review Your Financial Strategy Thumbnail

A New NBA Season and a Great Time to Review Your Financial Strategy

Basketball fans are eager for October when the NBA season kicks off. It is a new beginning, a fresh chance for teams to showcase their unique talent and strategies for staying at the top of the leaderboard in a wholly unpredictable sport. One day you are winning, everything is going great, and the next, you are in a slump, wondering if you will ever get out of it.

Read More
The Trick-or-Treat Transition Thumbnail

The Trick-or-Treat Transition

For the first time in 12 years, my kids asked if they could trick-or-treat with their friends instead of with me. Let’s pause for a moment to allow this devastating question to sink in... Okay, so technically only Ella asked, but that led to Seren deserting me as well. It is time to come to terms with the fact that they don’t want to hang out with me anymore. I am no longer fun.

Read More
How to Protect Your Small Business from Cyber Threats  Thumbnail

How to Protect Your Small Business from Cyber Threats

Risk management is a key component in any successful business plan. In today's world — where data breaches are common occurrences — it's especially important for business owners to understand the digital risks they face. Are you doing all you can to mitigate the risk of a cyberattack? The importance of cybersecurity

Read More
I’ve manifested winning the $1 billion Powerball, now what? Thumbnail

I’ve manifested winning the $1 billion Powerball, now what?

One of the most common mistakes is neglecting to create a financial plan. Many lottery winners assume the money will last indefinitely, but the reality is stark: approximately 70% of lottery winners go bankrupt within a few years (according to the National Endowment for Financial Education). To prevent this, seek assistance from financial professionals who can help craft a comprehensive financial plan aligned with your goals and circumstances.

Read More