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...

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...

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...

Should You Pay Off Your Mortgage Early?

Should You Pay Off Your Mortgage Early?

By Bridget Handke, CFP, CAP

We are often asked if paying off your mortgage early is a good strategy and our answer varies depending on each of our client’s unique circumstances. Factors include: tax impact if you need to take the payoff money from a retirement account, interest rates on your current mortgage and certainly...

Talking To Your Young Children (and Grandchildren) about Money, Cash Flow, and Finances

Talking To Your Young Children (and Grandchildren) about Money, Cash Flow, and Finances

By Damian Winther, CFP

As a Financial Advisor, talking about money, finances and cash flow with clients is a normal every day occurrence. One of the most common questions I’ve been asked by clients has been “How can I talk to my children or grandchildren about money?” and “How can I teach my children about the value...

Financial Gremlins

Financial Gremlins

By Kay Kramer, CFP

One of the first things I often ask clients is if they have any financial gremlins. What are financial gremlins? They are messages about money that can haunt anyone and can inform their financial decisions, keep them from doing something, or cause anxiety. I usually ask if they feel like there...

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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.