Blog Posts

Do Your Emotions Control Your Money?

Do Your Emotions Control Your Money?

By Marc C. Shaffer

One question real estate agents often pose to sellers is, “How emotionally attached are you to this house?” The reason they ask is because when emotions are at play during negotiations, they can cast a shadow over a good deal and hurt the seller in the end.

Perhaps your children grew up in the home and you’re saying goodbye to the memories, not just the structure.

Perhaps you inherited a home from a grandparent, so you value it more than other properties.

Although it may not be easy, a house is an asset that could have the ability to set you up for your next move or investment, so taking away the emotion (as much as you can) could mean being ready to accept a different offer than one you might accept with emotions in the way.

How Will Political Changes Affect the Economy?

How Will Political Changes Affect the Economy?

With all of the storm and stress of the year 2020, you’d be forgiven if you momentarily forgot that we’re due for another national election in November.

Many states will be selecting governors, representatives, and senators, while the country itself will be voting in the presidential election.

However, now that the major party presidential tickets have been solidified, we will likely be hearing more and more political discussion in the coming months.

How are you feeling these days?

Financial Planning Through Infertility: Where to Start?

Financial Planning Through Infertility: Where to Start?

By Marc C. Shaffer

I’ve heard figures ranging from the $20ks to $100k. I’ve had friends who likened their experience to the cost of buying a used car, and others who are closer to the cost of buying a house. These are the figures that it’s costing people with infertility to try and have a baby and everyone’s circumstance is unique, so you may find yourself anywhere along this financial spectrum.

The Danger of the “Someday” Promise

The Danger of the “Someday” Promise

By Marc C. Shaffer

“Procrastination is something best put off until tomorrow.” -Gerald Vaughan

It is a fact in my life that as the years go on, I get busier, things get more complicated, and time shrinks. I have to be very strict with my time, going as far as adding ‘call this friend’ and ‘schedule a trip’ and ‘buy new running shoes’ reminders on my calendar.

I don’t want to get so busy that I miss these things, but I also know the important things take time so I make it a point to schedule time so they happen.

I envy people who schedule these things for Someday. Where is that on the calendar? Why don’t I have a Someday??

Estate Planning: Buy-Sell Agreements for Business Owners

Estate Planning: Buy-Sell Agreements for Business Owners

For most, creating an estate strategy is important to make sure your loved ones are taken care of after you’re gone. But it may be just as important to have an estate strategy for your business. Whether you’re a sole proprietor who will be passing on your business to your heirs or your business partners will take over for you, having an agreement in place might ensure that your business legacy continues to live on.

Ways to Fund Special Needs Trusts

Ways to Fund Special Needs Trusts

If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those financial challenges. Most importantly, a special needs trust may help provide for your disabled child in case you are no longer able to care for them.