How yours and mine become ours: managing the finances of blended families

How yours and mine become ours: managing the finances of blended families

Published: October 30, 2023 at 7:20 a.m. ET Managing family finances is one of the leading causes of divorce. If nuclear families can’t agree on money matters, is it really surprising that a blended family often faces even more challenges? Additional outside forces, such as ex-spouses, as well as prejudice and heightened emotions brought into …

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My cousin is about to retire at 55. In the meantime, my last financial advisor told me to pay off my mortgage, which was not good advice. How can I get on the right track?

My cousin is about to retire at 55.  In the meantime, my last financial advisor told me to pay off my mortgage, which was not good advice.  How can I get on the right track?

Question: My cousin recently informed me that he has been working with a financial planner for years and will be retiring at 55. I live in the UK. Is it advisable to hire a financial planner in the UK or have advisors in the US work with international clients? When we sought financial advice 2 …

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Don’t buy a house as an investment, says CFP: it’s just a roof over your head

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Courtesy of Douglas Boneparth When it comes to buying a home, think of it as a place to live, not an investment. A home is simply “a roof over your head” and a place to create memories, said Douglas Boneparth, certified financial planner and co-author of “The Millennial Money Fix,” in an interview with CNBC’s …

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Retirement Goal Expectations Versus Reality: How Americans Stack Up

Retirement Goal Expectations Versus Reality: How Americans Stack Up

Half point images | Instant | Getty Images Saving for retirement is one thing, achieving your goals in your golden years is another. This is where the worry sets in. Among older workers, only 34% of baby boomers and 26% of Gen Xers believe they are on track with their retirement savings, according to a …

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