Birchwood's Financial and Investment Blog

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...

Answers to Common Financial Questions People Avoid Asking

Answers to Common Financial Questions People Avoid Asking

By Damian Winther, CFP

Over the past few weeks, several of the Birchwood team members have been polling their peers, family members, neighbors and even clients, in hopes of identifying some of the most common financial questions people are afraid to ask. We have compiled a list of these questions and will be answering...

Six Financial Things You Can Do Now That Your Future Self Will Thank You For

By Bridget Handke, CFP, CAP

Recently at a family reunion, I overheard my niece Brittany explaining to my daughters that she often says, “Thank you Past Brittany!” That got my attention. She went on to describe how she often runs across a situation that is going smoothly for her only because she had prepared for it in the...

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All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Opinions expressed herein are solely those of Birchwood Financial Partners, Inc., and our editorial staff. Material presented is believed to be from reliable sources; however we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser or qualified professional before making any financial decisions. We are not affiliated with or endorsed by the Social Security Administration or any government agency. The inclusion of any link is not an endorsement of any products or services by Birchwood Financial Partners. All links have been provided only as a convenience.