HOW YOUR FINANCIAL PLAN CAN GO OFF COURSE

July 16, 2014

Like potholes on a highway, there are lots of ways your financial plan can go off course. Part of a financial advisor’s job is to teach you how to drive defensively so that your financial plan doesn’t end up in a ditch.

Most People Don’t Complete Their Estate Plans

Gay or straight, when it comes to wills and estate planning, people have a hard time finishing what they start, says Jennifer Hatch of New York-based Christopher Street Financial, which specializes in LGBT clients.

More On Completing Financial Plans: Women Say Financial Planning Too “Stressful”

 

 

Student Debt Can Ruin All Your Dreams

Eve Kaplan of Kaplan Financial Advisors in Berkeley Heights, NJ has clients in their 30s, 40s, and even 50s who can’t afford to buy that nice house they want or, for that matter, do much of anything that costs money, because of the unending burden of student debt. Can their dreams be saved?

 

 

You Need to Think of Yourself as a “Pre-Widow”

Think of it as pre-widowhood, that time when your husband is starting to falter and it’s becoming increasingly clear you’re going to be left in charge of your own finances. As a pre-widow, you need to prepare for what’s to come, no matter how unpleasant the thought, says Debbie Taylor of Taylor Financial Group in Franklin Lakes, NJ.

 

 

For Working Moms, Flexibility is the “Key to the Whole Puzzle”

Beware, single moms: the traditional corporate workplace can not or will not accommodate a woman’s need to work and raise kids at the same time, says Dorie Fain of AndWealth in New York. Above all else, says Fain, a single mom herself, you have to build flexibility into your life . . . and accept that you can’t “have it all.”

 

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Dorie FainDORIE FAIN

AndWealth

Ms. Fain runs a boutique financial advisory firm for a select group of women who are managing their new-found finances for the first time. She spent 12 years at Smith Barney, where she was the youngest woman ever hired into their training program.

 

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MAURA GRIFFINMAURA GRIFFIN

Blue Spark Capital Advisors

Ms. Griffin has more than 20 years experience in the financial services industry, including stints at UBS Equities Research and Citigroup Private Bank. A graduate of Georgetown University, she is a Certified Financial Planner. MORE FROM MAURA GRIFFIN

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JENNIFER HATCH JENNIFER HATCH

Christopher Street Financial

Ms. Hatch has more than 20 years of Wall Street experience, including stints at JP Morgan and Bear Stearns, where she specialized in high yield bonds and international equities. She is a Certified Financial Planner dedicated to solving the financial dilemmas of same-sex couples.

 

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EVE KAPLAN EVE KAPLAN

Kaplan Financial Advisors

Before starting her own firm, Ms. Kaplan spent many years in international finance in New York, Tokyo, Singapore and Rotterdam. In Rotterdam she managed nearly $1 billion in invested equities.

 

Columns on The Alternative Press

Contributions to Forbes

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DEBRA TAYLOR DEBRA TAYLOR

Taylor Financial Group

Formerly a practicing attorney, Ms. Taylor heads a full service wealth management firm that provides a multidisciplinary approach to the needs of her clients, which include high net worth individuals and families.

 

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