Advanced Wellbeing offers financial therapy insights each week to inform more details about financial therapy.
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
For decades I have watched couples come undone over money. In many cases, red flags warning of money conflicts could have been identified long before they married. Such signals are not as obvious as differences in net worth or income levels; they are in the deeper, emotional reasons that drive controlling, avoidant, or obsessive behaviors around money.
Most couples who argue about money are arguing from different money scripts—the deeply held beliefs about money that each partner formed long before the relationship began. Uncovering and understanding those scripts, individually and together, may be one of the more useful things a couple can do.
As you advance in your career and begin to build financial security and invest for the future, you will build a financial team. Most likely, you’ll find a CPA to do your taxes, a financial advisor for investments, and an attorney for legal matters such as estate documents. Ideally, each professional will be capable and will act in your best interest. It’s natural to assume that their work will come together coherently. Yet it often doesn’t.
It’s common for parents of high school seniors to joke, “At least when he goes off to college we won’t have to feed him! Think of how much we’ll save on grocery bills.”
If you look carefully at actual college costs, this may not be such a joke. Is education as unaffordable as it seems?
When you think about building wealth or financial success, what’s your “freedom number?”
This is the term that financial planner and therapist Prudence Zhu uses for what is often called “financial independence.” It means having enough passive income to live on without having to work and earn money.
You’re thinking about rolling over your 401(k). Or maybe you just inherited some money and you’re not sure what to do with it. Where do you go for advice?
Even if you have a financial advisor, you may get a variety of opinions from friends and family, none of whom know your full financial picture. I’ve seen this happen with clients for decades but only recently learned a term for it.
