Kathy Longo Speaks About The Challenges of Transitions to the Twin Cities Chapter of the Society of Financial Services Professionals

The Challenges of Transitions: Understanding the personal side of money.

05 02 2019 speaking

There are two sides of money; the technical and the personal. Both sides are equally important and complex, but it is the personal side that drives decision-making. Change is an integral part of the human experience. And change creates the space for new and different things to happen, both financially and personally. Even if we realize there are four stages to transition, that’s not sufficient guidance to help someone move through a major life change. The fact is that financial professionals aren’t taught a process that might increase the probability of seeing the opportunities change creates. Though traditional financial planning provides a process for all situations, that process wasn’t designed to navigate the personal side of financial change. This important limitation within financial planning leads to the exploration of other fields of study (e.g., neuroscience, psychology, sociology and leadership) to better support clients in transition. This integrative approach would offer a more rich and comprehensive understanding of how people subjectively experience change and how financial advisors can help co-create the highest outcomes with their clients. This presentation offered insight into the personal side of financial change and provided practical tools to work with clients in transition.

Share This Post

Subscribe To Our Newsletter

The Importance of Designating Beneficiaries

When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.

Thinking about your financial goals for 2026? A year-end review can highlight what’s working and what may need attention.

Closing the Year Right: Reviewing and Adjusting Financial Goals for 2026

As the holiday season arrives, life tends to get wonderfully full – celebrations, travel, family traditions, and moments of reflection. It’s also the perfect time...

Financially thoughtful gifting focuses on meaning, not just money. A little planning can go a long way this season.

Financially Thoughtful Gifting: Meaningful Holiday Giving Without Financial Stress

The holidays have a way of bringing out our most generous instincts. We want to surprise, delight, and show up for the people who matter...

Making thoughtful financial decisions means taking time to understand what matters most before you act.

The Value of Making Thoughtful and Informed Choices in Your Financial Strategy

When it comes to building a financial life that reflects your goals and values, every decision matters. From how you approach investing to the way...

Feeling behind on saving for retirement? It’s not too late. Learn how to catch up on retirement savings.

How to Catch Up on Retirement Savings: Strategies for Late Starters

If you’ve reached your 40s or 50s and feel like you’re behind on saving for retirement, you’re not alone. Many people find themselves in the...

Start navigating catch-up contributions and see how extra savings opportunities can help prepare you for the years ahead.

Navigating Catch-Up Contributions: Retirement Savings After Age 50

Planning for retirement often feels like a marathon, not a sprint. For many people, the years leading up to age 50 are filled with juggling...

Planning for the financial side of aging means being ready for long-term care costs. Here’s what to consider.

The Financial Side of Aging: Preparing for Long-Term Care Costs

Aging is part of life, but the financial side of aging often catches families off guard. While many people plan for retirement income, travel, or...

Join Our Mailing List

Stay up to date on all things Flourish!