Silence Could Be Costly in Family Financial Planning

Parents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk — before parents retire …

Why Insurance and Investing Often Don’t Mix

Insurance is a contract between you and an insurance company to protect you from potentially costly events.  You pay a premium to the  company, and it insures you against various unpredictable occurrences:   Insurance can provide you or your family with replacement income if you die or become disabled.  You can protect valuable assets, such as your car or home, as well as liability for accidents you’re responsible for. You can reduce the impact of unexpected expenses with health or …