What’s your vision of a perfect retirement? Relaxing in the sun, traveling the world, working when you want as much as you want? The best plan for retirement starts long before you’re ready to leave your job. The sooner you begin, the more time you have to think about what you want and plan for […]
The LK Blog
8 Tips for Resolving Financial Disputes with Your Spouse
Are you and your spouse on the same financial page? Money is a leading cause of marital problems because conflicts are often about more than dollars and cents. How we save and spend money ties into our life experiences, level of financial education, self-perception, values, and emotions. The stakes are also high because our finances […]
10 Financial Steps to Take With Your Older Children This Summer
Summer is a good time to think about teaching children and young adults about money. Maybe they are getting their first summer job as a teen or a permanent one after graduation or they are headed off to college in the fall. With more money and independence, comes the need to learn how to spend […]
Are You Prepared for the Financial Impact of Caregiving?
One in five adults currently provides uncompensated caregiving for their families. The economic value of that care was $600 billion in 2021 not including out-of-pocket costs, lost wages, or the cost of more complex medical/nursing care. The need for care and associated expenses are also escalating every year as more people retire and live longer. […]
5 Financial Questions to Ask Your Fiancé Before Getting Married
Money is a frequent source of arguments in marriage so it makes sense to talk about finances before getting married. Yet, many couples avoid those discussions both before and during marriage. Often, it’s because they grew up in families uncomfortable talking about money. Unfortunately, this can lead to serious conflicts damaging the couple’s relationship and […]
What to Do If You’re Struggling to Pay Bills on a Six-Figure Income
Nearly half of Americans making $100,000 or more a year struggle to pay their bills. The same is true of 32 percent of individuals earning at least $150,000 a year. While it’s true that, six figures in New York doesn’t get that far compared to lower-cost regions, it still exceeds what many people make. Those […]
Managing Your Finances for the First Time After a Major Life Change
If you’ve experienced the death or disability of your spouse or divorce, you know it takes a toll on your emotions and your finances. In marriage, it’s common for one spouse to manage the couple’s finances. Sometimes, tasks are split with one spouse handling investing and long-term financial decisions, while the other takes care of […]
Tips For Managing Your Parents’ Finances
If your aging parents lose their ability to handle tasks, such as dealing with money, you may need to step in. Managing parents’ finances poses many challenges starting with how to raise the issue with them.
Beware Holiday Scams
Unfortunately, the holidays are a popular time of year for scams. More people are making purchases, traveling, donating to charities, and engaging in other activities that thieves and hackers can take advantage of to make money. We’re also busy and distracted and not necessarily paying close attention to what we’re doing. Before you give out […]
7 Tips to Help You Avoid Overspending for the Holidays
The holidays can cause even the most frugal people to blow their budget. Between gifts, decorations, food, entertainment, travel, and other costs, it is very difficult to avoid overspending for the holidays. However, the last thing you want to do is start next year with substantial bills that you may have trouble paying off. While […]
