Strategies to Navigate A Challenging Market and Economic Environment
The year’s unusual economic and investment uncertainties have not been witnessed in decades. High inflation, raising interest rates, and declining prices in both the equity and fixed income markets have been painful for investors, consumers, and businesses. My last blog (titled "Is The Economy in Recession?") discussed these difficult [...]
Could Inflation Deflate Your Mid Life Career Pivot?
The Possibility of Higher Inflation Rates What’s up with inflation? Over the past several weeks, you have probably noticed widespread news coverage about the risks of rising prices in 2021 and ultimately higher inflation rates potentially for years ahead. The recent publicity about higher prices has been as sudden [...]
Are Rising Healthcare Costs During Mid-Life Transition an Unsolvable Riddle?
When we think of healthcare these days, our thoughts are most likely focused on the well-being of our family and close friends during these uncertain times of Covid-19. Even as the rollout of remarkable Pfizer and Moderna vaccines accelerates and the rate of new coronavirus cases declines, many people [...]
Rising Healthcare Costs May Challenge Your Mid Life Career Pivot More Than Covid-19
Career transition or job loss is always an important life event but it can have especially significant implications in mid-life. And when you find yourself facing mid-life job change during a global pandemic, there really are many important questions to consider. Do you want to stay in your current [...]
Financial Planning Is Dead; Long Live Financial Planning!
Is financial planning dead or much less relevant than in the past? I do not think so, but the question is actually fair given many changes that have occurred in the world during the past several years. Traditional methods used to make personal financial decisions and plan for the future [...]
The Myth of Financial Optimality
Most of us understand that striving for perfection, whether it relates to our careers, health, or relationships or in any part of life, can be useful, even if most of us know that “perfect” is often an unrealistic standard. For people with high aspirations, the idea of trying to attain [...]
Mid Life Career Transition or Job Loss During Covid-19: Assessing Your Journey Forward
Career transition or job loss is always an important life event but can have especially significant implications when it occurs in mid-life. And when you find yourself facing mid life job change during a global pandemic, there really are many important topics to think about! The time when you are [...]
Managing Finances If You Work in the Gig Economy
According to the Bureau of Labor Statistics, 16.5 million people rely on contingent or alternative work arrangements for their income (See Note 1 Below). Often referred to as the "gig economy," these nontraditional or contingent work arrangements include independent contractors, on-call and temp agency workers, and those who sign up [...]
Pros and Cons of Working at Home
Imagine that your employer gives you the choice between either working from home or commuting to the office throughout your work week. You might think the obvious choice is to work from the comfort of your own home; after all, staying in your pajamas all day and avoiding stressful commutes [...]
Five Steps to Tame Financial Stress
Do you sometimes lie awake at night thinking about bills that need to be paid? Does it feel as though you're drowning in debt? If this describes you, you might take solace in the fact that you're not alone. A recent report released by the American Psychological Association (APA) showed [...]