Birchwood's Financial and Investment Blog

Financial Planning for Widows: Managing Money after Losing a Spouse

Financial Planning for Widows: Managing Money after Losing a Spouse

By Bridget Handke, CFP, CAP

The death of a spouse can be one of the most challenging things a person can endure. The emotional impact, changes to your family structure, and loss of your closest companion can all take a toll. Financial issues shouldn't add to the emotional hardship. Yet, too often widows and widowers may...

Invest Like a Woman: 6 Ways Women Can Wield Their Financial Power

Invest Like a Woman: 6 Ways Women Can Wield Their Financial Power

By Bridget Handke, CFP, CAP

I’ve never engaged in Millennial bashing because I can’t think of anything bash-worthy. I love Millennials! I have two daughters, both in their twenties. They don’t do things the way I did at their age but that doesn’t matter because I appreciate their different point of views and passions. For...

Avoid Creating Financially Dependent Adult Children: How to give money to your kids and feel good about it

Avoid Creating Financially Dependent Adult Children: How to give money to your kids and feel good about it

By Bridget Handke, CFP, CAP

I was one of those moms who insisted her kids do chores. Not just 5 minutes worth but a number of regular daily chores. We did this to develop of a sense of belonging and to learn responsibility. Another reason was I didn’t want them to see Mom and Dad always working while they loafed around...

Club Sandwich Generation

Club Sandwich Generation

By Dana Brewer, CFP

Much has been written about the traditional sandwich generation, a generation of people responsible for bringing up their own children and for the care of their aging parents. According to the Pew Research Center, nearly half of adults in their 40s and 50s have a parent age 65 or older and are...

Bill Paying Chaotic? The Surprisingly Simple Way Financial Advisors Pay Bills

Bill Paying Chaotic? The Surprisingly Simple Way Financial Advisors Pay Bills

By Bridget Handke, CFP, CAP

We see it time and again. Some of our brightest, most affluent clients struggle with paying bills. It’s not that they don’t have enough money. It’s that they don’t have a workable system and sometimes miss a payment or have to dip into savings for a big bill. At Birchwood Financial Partners,...

Bucket Budgeting: Creating a Cash Flow Management System That Works for You

Bucket Budgeting: Creating a Cash Flow Management System That Works for You

By Damian Winther, CFP

Does an unexpected car or home repair blow your monthly budget? Do you feel like you’re never able to save enough for a vacation? Do you worry about if you’re going to have enough for retirement but you don’t even know what you have? If the answer is yes to any of these questions, you could...

How we can all be Environmental Heroes

How we can all be Environmental Heroes

By Kay Kramer, CFP

I was privileged to participate on a panel at a women’s breakfast hosted by the Minnesota Center for Environmental Advocacy at the end of April. The title was “Be Your Own Environmental Hero: Fresh Strategies without the Politics.” I’ve been thinking a lot about this topic and reflecting on why...

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