Holly Donaldson Financial Planning, LLC

Fee-Only Financial Planning

Lifestyle Planning

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Ideas to Fund Long Term Care

Due to increased life expectancies, today's 65-year-olds will need on average close to $200,000 to cover long-term care costs. (Long-term care refers to care that is not covered by Medicare - …

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Retirement Life: More Than Money At Stake

I knew a man who couldn't wait to retire from his government job. Because of decades of hard work and wise money decisions, he was able to call it quits at 55. Thrilled with his newfound freedom, he …

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Filed Under: Behavioral Economics, Financial Planning, Happiness Economics, Lifestyle Planning, Money and Mind Games, personal finance, Psychology of Money Leave a Comment

How Do You Balance Savings and Splurging?

"I'd really like that, but I don't deserve it." "It would be wonderful to visit there, but I can't do it in the foreseeable future." "That will be really fun when I'm retired, if I have enough …

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Filed Under: Behavioral Economics, Behavioral Finance, Couples and Money, Fee-Only Financial Planner, Financial Planning, Happiness Economics, Lifestyle Planning, Personal Finance, Psychology of Money Tagged With: , , , , , 2 Comments

When Does Financial Advice Become Couples Therapy?

I had just finished giving a talk on the psychology of money to a group of professionals, and a participant waited in line to speak to me afterwards. The person before him took quite a while, so I …

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