Family coach and author Roy Williams surveyed more than 3,000 families and found that over 90% of family wealth transfers fail by the end of the third generation. But in this context, what does “fail” really mean?
The uses for artificial intelligence (AI) are seemingly endless. AI can anticipate the next song we’d like to hear, break down advanced concepts into easy-to-understand terms and help companies operate more efficiently with automated processes. But it can also be used to support unethical behavior or illegal practices, like cheating in school or committing outright fraud – especially generative AI, which can create new content like text and images through deep learning to gain access to money or sensitive data.
The Social Security Administration has announced a cost-of-living adjustment (COLA) to recipients’ monthly Social Security and Supplemental Security Income benefits. Nearly 68 million Americans will see the 2.5% increase in their payments beginning in January 2025.
Inside this digital issue, you’ll find the latest news and updates from our team, explore exciting places for fall adventures, and read insightful articles. Discover how we're making a positive difference in the communities we serve. And be sure to try the delicious recipe for pumpkin muffins with maple cream filling!
Managing debt can feel overwhelming, but it’s a crucial step towards financial stability. Whether it’s credit card debt, student loans, or a mortgage, understanding how to handle your obligations can make a significant difference in your financial health.
Choosing to work with a financial advisor can make a positive difference in your current and future life – and even for the next generations of your family. Your goals of building and preserving wealth, enjoying a comfortable retirement, and leaving a legacy are dependent on how well your financial matters are managed.
An emergency fund is a financial safety net designed to cover unexpected expenses or financial emergencies. It typically consists of liquid assets that can be easily accessed when needed. Having an emergency fund is crucial for financial stability as it helps individuals manage unforeseen expenses without derailing their long-term financial goals.
I grew up in Duxbury, Massachusetts, a small beach town on the South Shore, located 45 minutes south of Boston and 30 minutes north of Cape Cod. My parents raised me, my two brothers, and my sister. My mom was fortunate enough to be a stay-at-home mom, dedicating her life to raising four children, while my dad worked as a successful businessman to provide for us.
With the cost of higher education rising, it’s important to determine how you and your family will fund it. There are several options to consider, each with their own pros and cons.
A suite of early works from a celebrated artist. A complete set of first editions without a single cracked spine. A Brasilia buffet full of Pyrex. A spare room dedicated to artfully curated Star Wars memorabilia. All passionately collected – and potentially at risk, without a thoughtful plan to either keep them in the family or share them with the world.
