As I look back at 2024, a few things changed for me. As per my plan with John, I spent less time at the office while John added more tasks to his work portfolio. While I’m still engaged in our financial planning practice, I’ve cut back. Having extra hours each day puts me on the receiving end of a discussion I often initiated with clients over the years. As they (you) approached and entered retirement, I typically asked: “We know what you’re not going to do (i.e., work), but what are you going to do?”

JP Morgan has released it's latest stack of fascinating charts reflecting the current state of the economy and the stock market. We thought we'd share a few of our favorites.

We deal with families, so we understand some of the dynamics between adult children and aging parents. In many households, we know it isn’t easy to talk about money from an intergenerational perspective. In some instances, elderly parents are not likely to want their adult children to know they may not have enough money to last their entire lives. In other instances, adult children may be making (poor) spending decisions because they assume they will be left a bigger inheritance than they’re likely to receive. Suffice it to say that money is a sensitive subject.