Episode 17: Facing Financial Uncertainty
Society encourages us to look at things in black and white but, when our finances are uncertain, this mentality can hinder our ability to see a new path forward. If you are dealing with financial uncertainty, as many of us are during this pandemic, this challenge is for you. The Sherpas of Nepal spend their days guiding eager, daring travelers up the treacherous paths of Mount Everest. What they witness in a month is likely more terrifying than what most of us have experienced in a lifetime. And yet, they continue guiding thousands of visitors per year. I admire […]
Nurturing the Empty Nest
Tip #1: Revisit Your Financial Plan Be aware that many of the assumptions underlying your current financial plan may be obsolete. College tuition payments may be completed. You might have more living space than you need or want. You have more time to travel and pursue hobbies. Spend time thinking about what you’d like to do after the kids leave, as well as how you will fund that plan. Tip #2: Plan for Retirement When the kids leave, it’s a great time to straighten out your retirement plan. First, create a list of financial goals to focus on. Many […]
