The Elephant in the Room: Addressing Aging Issues with Family Elders

As a former lifeguard, I know better than most how quickly the ocean’s mood can change. I understand how dangerous it can be if you enter the water unprepared. I found I could spot the weak swimmers pretty easily. Their poor form and stamina told me that if a set of big waves came in […]

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Topics: Advice, Risk Management

Seven Essential Questions to Ask Your Aging Parents

A few years ago, my mom was diagnosed with stage four Hodgkin’s Lymphoma cancer. This prompted some quick changes for our family, as we were not prepared for a medical crisis. The first priority was to find my mother the best medical care possible, which meant a sudden move from her cabin life in northern Wisconsin to Minneapolis (where I live) so she would have access to significantly more medical resources.

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Topics: Advice, Risk Management

The 10 Most Important Things to Help Endure Your Family’s Wealth and Well-Being

Several lifetimes ago, when I was a newly minted wealth advisor, I would often begin planning conversations by listing all the many ways that comprehensive money management could help families find personal excellence in their busy lives. Fortunately for all concerned, I soon realized that, in my enthusiasm to impart everything there was to know, […]

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Topics: Advice, Investing, Investment Strategy, Risk Management

Protecting Your Family Against Identity Theft

Have you or a member of your family ever had your credit card information stolen? Have you ever worried that your personal financial data was somewhere on the Internet, up for grabs to the highest bidder? Would you know what to do, or what steps to take, if you suspected that you were a victim of identity theft?

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Topics: Identity Theft, Risk Management

An Investment Lifeboat Drill Now Can Help Weather Future Disaster

When I say “risk” and you say “risk,” chances are high we don’t mean the same thing.

The finance industry defines risk as something measurable. It is variability within a set of known limits. You may have heard it referred to as standard deviation or even volatility. Ultimately, it represents how much an investment wiggles over time.

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Topics: Investing, Investment Strategy, Risk Management