Thanksgiving is about food, family, and friends. For me, the next set of holidays is about traditions. Whether keeping the old or creating new traditions is what keeps our family so close.
News: The Napolitano Team
It seems everyone now-a-days is fixed on trying the new hottest item. It feels that we should be on the iPhone 10 already and restaurants should be changing menus daily. I am a big fan of trying new and exciting things so don’t take that the wrong way – but I also think we should all spend some time out to visit the classics.
Growing up in the suburbs of Boston my school field trips always had to do with American history. Some were enjoyable such as the USS Constitution; some were not - Plymouth Rock. Just in case you have not seen the Rock, there is no need to do it. Let me explain, it is a very large rock that is on the beach you can look down on.
Many times over the years I’ve written about long-term care insurance, and it still blows me away how many people say that this coverage is a waste of money. I’ve heard it from readers, accountants, attorneys and financial advisors.
Many say that an analysis of risk should be the first step of the financial planning process after you’ve compiled your financial statements and enumerated your dreams, goals and objectives. The reason for starting with risk is because the occurrence of an unplanned risk may prevent your best laid plans from ever having a chance to become reality.
It seems as if there are two types of relationships that we mortals have with financial professionals. Some have great relationships that go beyond the technical subject matters. This gives the advisor a chance at having greater applicability and context to the advice rendered. The second types of relationships, if you can call it that, are those where you wonder if they know you are alive.
As you close up the vacation home for the season, reflect back on all the great memories and the stories that your grandchildren are carrying with them to their neighborhoods. The beach, hikes and bonfires will last with them forever. These memories are enough to make you want to preserve this home through the generations, and let the memories turn into legacy.
Speaking to your children about money is not easy, but speaking to parents can be even tougher.
If you are amongst the millions who have an extra bedroom or two, the thought of downsizing the home seems to be “the” topic at backyard barbeques. Now that the kids are grown and gone, or almost gone, you may be asking why you should continue to pay the property taxes, heat and other costs associated with maintaining a sizable family home.
Talking about the follies of wealthy or famous people is so popular that even the lousy estate plans that they leave makes headline news. Think about all the celebs, like James Gandolfini who have left a mess for their children and other loved ones. Very few, on the other hand, are motivated by these stories to get their own estate plan in order. The truth is that the overwhel