Family and Relationships

Your spouse, children, aging parents, and friends can all have a profound impact on your overall financial wellness in both good and bad ways.

From inheritances (what you might get and what you might leave behind), funding college, boomerang kids (adult children who return home or otherwise need financial assistance), and figuring out how to care for parents who need medical assistance to simply planning retirement with your spouse, there is a lot of value and problems that friends and family can pose.

Read More

Explore content

financial values

How and Why to Pass on Financial Values to Your Heirs

The best gift to leave heirs isn’t a lot of money. What’s really valuable is to pass along strong financial values and knowledge. Learn how.

September 21, 2022

Cross Class Friendships: Why Having Friends with Money is a Good Thing for Long Term Wealth and Security

New research on cross class friendships is another data point on why we are better off when we mix across wealth, health, and age.

August 4, 2022

10 Reasons Why Talking About Money Can Give You a Better Future

Talking about money with friends, family, and peers can improve your financial outcomes. You’ll make better decisions.

August 3, 2022

9 Tips to Help Your Grandchildren Financially and Otherwise (I Bonds Are a Hot Topic)

You may want to help your children or grandchildren financially. If you have the money, here are 9 tips for passing it on. Learn more…

May 12, 2022
average inheritance

Average Inheritance: How Much Are Retirees Leaving to Heirs?

This article explores average inheritance numbers. Find out if you can you afford retirement and a financial legacy and explore tips regarding inheritance.

March 17, 2022

What Happens When You Inherit Money? 7 Ways to Prepare

Inheritance is only one aspect of what can be a very emotional time period. It can be useful to know what happens when you inherit money or assets. Below are 7 ways to prepare. 1. Don’t Expect It The old adage, “don’t count your chickens before they hatch,” rings true when it comes to inheritances.…

February 17, 2022
investment gifts

Holiday Gift Guide: Great Retirement and Investment Gifts for Everyone in the Family (Even the Kids)

This gift guide is focused on helping you give long term financial success and happiness to everyone on your list, young and old.

November 24, 2021

Family and Money: Tips for Discussing Finances and Retirement with Your Loved Ones

The holidays can be an important time to discuss finances with your family. Get tips for how to have a productive talk with those you love!

November 17, 2021

The Retirement Calculator for Married Couples (or Any Couple)

Retirement calculators designed for couples have special features to make results reliable and useful. Find out what you need.

September 29, 2021
social security strategies

Social Security Strategies: 15 Easy Tips for Making the Best Decisions

Choosing the right Social Security strategies can be a $100,000 (or more) question. Find out how to make the most of this benefit with 16 easy tips.

June 30, 2021

The Surprising Age When Happiness Peaks (Hint: You Probably Aren’t Even There Yet)

One of the happiest ages in life occurs in what many would consider “old age.” Find out which two years will be (or were) your happiest ever.

June 24, 2021
divorce after 50

Divorce After 50: Don’t Let “Gray Divorce” Ruin Your Retirement

Here are 16 tips to help you stay financially stable following a divorce after 50. Get the information you need.

June 1, 2021

8 Topics to Tackle If You Want to Survive Retirement With Your Spouse

Before you got married, you probably discussed where you wanted to live, whether or not you would have kids, and your general hopes for the future. Before you bought a house, you and your spouse talked about where would be best, what size home you hoped to acquire, and more. Before you had kids, you…

May 26, 2021

The Retirement Calculator for Married Couples

Retirement planning is complicated. Retirement planning when you are married – or part of any kind of committed couple – is doubly complicated. If you are married, you need to use a retirement calculator with inputs designed for couples. When you are part of a couple, there are double the financial considerations. Furthermore, your values…

May 1, 2021
empty nest

Empty Nest? Why It’s a Great Time to Fill Up Your Retirement Nest Egg!

As you prepare for children to fly the coop, it is worthwhile to consider what type of empty nest parent you might be. Are you: Super proud that they are setting out on their own? Still supporting them financially? Relieved and happy to have more time on your own? Sad and lonely that your children…

April 29, 2021

6 Meaningful Ways to Leave a Financial Legacy to Your Heirs

When approaching retirement, it’s common for people to start thinking about legacy planning: how they’ll be remembered and what they’ll leave behind. In most cases, leaving a legacy for children, grandchildren, or charities – and other causes people are passionate about –  takes careful planning and the advice of a financial planner. Read on for…

July 7, 2020

Boomers Have a Retirement Problem: Boomerang Kids

Baby boomers who are still financially supporting their adult children (a group that is sometimes referred to as “boomerang kids”) are increasingly finding that doing so is keeping them from reaching retirement, a study shows. In fact, only 21% of baby boomers who support their adult children are retired–compared with 52% of baby boomer households…

July 3, 2020

Tips for Keeping Your Own Retirement Plans on Track as a Family Caregiver

The costs of being a caregiver can be overwhelming.  There is the extreme emotional turmoil. But there are also serious financial concerns– from money spent out-of-pocket and from time spent caregiving instead of earning income. A study by AARP found that family caregivers spent an average of nearly $7,000 a year of their own money–more…

July 3, 2020
family and retirement

5 Reasons Why Your Loved Ones Could Put Your Retirement at Risk

Saving for retirement can be an incredibly difficult task, especially when your path is filled with hurdles such as job loss, rising inflation, and debt. One obstacle you may not think about is your own family. Juggling family commitments makes it hard for many adults to save for their own financial future. It can force…

July 3, 2020

The Sandwich Generation: 3 Ways to Alleviate Stress

Members of the Sandwich Generation are typically in their 40s or 50s today, and there are quite a lot of them: about 53% of Millennials and 29% of Gen Xers, according to sandwich generation statistics reported by the Pew Center. Having two sets of dependents (children and parents) can be burdensome financially as families are…

July 2, 2020
Retirement planning

Do You Want a Retirement Job Caring for Your Grandkids?

You spend most of your adult life planning for retirement. You might also spend a lot of time thinking about having grandkids one day. But what you might not predict is a phone call asking whether you’d be interested in a new job: being a childcare provider for the newest family member. Men and women…

July 2, 2020
empty nest

Tips to Prepare for an Empty Nest

The life transition of becoming a parent with an empty nest is a life transition that is not often talked about (at least not much as we analyze the impact of other major life events, such as getting married, having children, and retiring).  However, the act of your children leaving home has emotional and financial…

July 2, 2020

The Best Investments for Children and Grandchildren: Consider a 529 Savings Plan

Many grandparents and parents strive to help their children pay for college. But there are smart–and not as smart–ways to assist them. The gratification of being a grandparent can stem from the ability to help shape another generation. Part of this gratification comes from helping grandkids pursue educational goals, including attending college. “We find a lot…

July 2, 2020
adult children

Your Adult Children Want to Help With Your Retirement

Your adult children want to help you as you age. However, they need you to be open to giving them details about what’s to come, according to a 2016 Fidelity Investments Family & Finance Study. The study also found that whether you think you are communicating or not, the kids are not hearing you. Your…

June 30, 2020

NewRetirement Planner

Take financial wellness into your own hands and do it yourself retirement planning: easy, comprehensive, reliable.