A fascinating piece recently found in The Telegraph… https://www.telegraph.co.uk/money/tax/inheritance/inherit-100m-im-giving-it-all-away/ I’m sure we’re going to have quite a few opinions on it. Personally, I’m not sure if inheriting more than $10 million in cash or its equivalent is really beneficial to most people. (Full disclosure: I inherited. The benefits and drawbacks have pretty much cancelled each … More Heir Not So Apparent
My apologies for the extended absence. My non-writing life has been quite a mixed bag recently, and my work has suffered as a result. But the issues have all been resolved, and a somewhat more structured work schedule can now resume. Earlier this year, I received an email from a young lady. She had been … More Back Among The Living
I received an email recently concerning personal finance. A reader of the blog had received a modest inheritance, all cash, from a deceased relative. Their present financial situation is the following: they have a steady job with a fairly good income with some savings. Their expenses are modest, having read and followed much of my … More The Debt to Cash Dilemma
A recent round of ‘reply all’ emails among classmates of mine brought up a common issue: how to handle financial issues with aging parents. A couple of classmates who make up my ‘crew’ from 40-plus years ago in school are now are now addressing the inevitable and unenviable task of managing their parents money. The … More Parenting the Parents
Readers of this blog have mentioned more than a few times that they’d like to know more about issues that relate to Old Money culture and raising children, specifically how and when to talk to them about money. I’ll put myself immediately in the position of Armchair Quarterback here: my wife and I don’t have … More Old Money Children: The Conversations
Over the past few weeks, I’ve received a few emails from friends and readers of the blog about how to handle a financial windfall. A few were simply curious. A couple were actually facing the situation and needed grounded and impartial advice. In The Old Money Book, I proposed, after an initial consultation wth a … More Second Opinion: The Financial Windfall
A very small percentage of people who have come to America over the past 200 plus years hit the shore with a substantial amount of money in hand. If it was good back home, why leave for the unknown? No, most of our ancestors came over because things were bad in the homeland. A strong … More It’s All About Choices – Part 2