By Nicole Sullivan, CFP®, RMA, Director of Financial Planning The Coronavirus is significantly impacting households of all wealth levels. For some, it might be as minor as social inconveniences. But for many, the economic impacts are truly significant. On March 27, 2020, the bipartisan CARES Act was signed into law. This law provided the single
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In a recent editorial for the National Endowment for Financial Education (NEFE), Brent Neiser commented on “Financial Stacking: A Modern American Burden.” He wrote: Myriad choices, opportunities, and expectations generated by the financial services industry, media, advertisements, experts, employers—and even family and friends—create an amassment of jumbled priorities that often leads to inaction, frustration,
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So you struck out on your own and started a firm. Business is promising and your new website is a hit – and you thought the hard part was over until it became clear that more capital was in demand. We interviewed Leslee Cohen, business lawyer at Hershman Cohen LLC, to find out the three
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One of the biggest challenges when it comes to holiday gift giving isn’t affording the gifts but rather figuring out how to give in a way that is meaningful. At the same time, successful families often feel concerned, even downright terrified, about raising entitled children who don’t appreciate the value of a dollar. We’re going
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Forced into a retirement? Must be nice! Yes, that thought came into our heads too as we anticipated writing this article. In a very active mergers and acquisitions environment and the age of corporate buyouts, involuntary retirement is something we’ve been seeing more often. If your finances are ready to retire before your mind is,
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What do you think is the number one issue prospective clients bring to us here at Prism? It’s likely not shocking. Here’s the big question: Can I afford to retire and not run out of money? Some folks understand that they’ll easily be able to retire and don’t need us to do complex calculations. Others
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Too often in our society, employees and business owners alike are pressured to grind both at work and at home. Financial stress is often the motivator for being a “workaholic.” The value of taking some time off is drastically undervalued to your mental well-being which in turn impacts your financial success. Here’s why it’s so
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Have you ever lamented that you wish you could “quit your jobs yesterday?” With corporate cultures becoming more and more demanding, it’s no surprise that burnout is happening well before traditional retirement age. But, you’re way too young to quit at 50. In fact, most people at 50 still have dependent children and an underfunded
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Close your eyes for a moment and imagine a blank calendar… Good. Now just think of how scary that would be if the blank sheet of paper was your life every day for the next two decades. As anyone who has ever been phenomenally bored will agree, it’s tortuously painful not having enough things to
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