More often than not, women with families take the lead when it comes to running their households and focusing on tasks such as home upkeep, managing schedules and children, and tracking bills and sending payments. However, studies reveal that many women with families are less involved when it comes to making longer-term financial plans within their family setting.
You work hard every day, giving a significant amount of your time, energy and commitment to your professional life. In the end you want your hard work to pay off, don’t you? Developing a long-term financial plan as part of your investment strategy is crucial to securing that payoff. Financial planning is important for everyone, not just for people of a certain age or income bracket, and it’s evolved in the 21st century.
U.S. college costs are rising but so are the numbers of students attending colleges and universities. Research shows that there are long-term benefits of obtaining a higher education for the student and society at large including: expanded job opportunities, increased public engagement, a diverse array of cultural enrichment experiences and scientific advances, prolonged national prosperity and sustained personal financial security. With those factors in mind, it’s never too early – or too late – to start building a solid foundation for your child’s college years.
Harris Financial’s own Cristin Rigg recently published an article in the Torrance Memorial Patrons Magazine. Taking Inventory At Each Stage Of Life gives direction for maintaining our goals for financial and physical health at each phase of life.
We hope you will enjoy reading this blog at https://www.torrancememorial.org/News_Center/2018/September/Taking_Inventory_at_Each_Stage_of_Life.aspx.
You can also find the article in the next Patrons Magazine releasing on September 26, 2018.
Concern about passing on a legacy is universal, and a trust fund can be a useful tool in helping you transfer your wealth in the manner and spirit you desire. Many parents worry about leaving too much or too little for loved ones, and they’re not alone. There are countless stories of fortunes made by one generation being wiped out by the next for one reason or another. However, you can avoid common pitfalls with the right resources and planning. Here are some things to keep in mind as you consider creating a trust and helping your children become financially savvy.