Episode 26: Finances for Blended Families
Money discussions in blended families can become quite complex, and there are key discussion points you’ll want to keep in mind when raising children with input from multiple sets of parents.Kathy Longo, CFP®, CAP®, CDFA®
Financial conversations are often difficult, particularly within marriages. This is especially true for those who have been married more than once, and for those with children from prior marriages. Money discussions in blended families can become quite complex, so in this episode I share some of the key discussion points you’ll want to keep in mind when it comes to raising children with input from multiple sets of parents. These conversations are far from easy, but they will be incredibly consequential for your children at various stages of life.
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About the Author
Kathy Longo brings over 25 years of expertise and experience to Flourish Wealth Management. Kathy is wholly dedicated to improving the life of each client and finds joy in making complex matters simple and easy to understand. She excels at asking the right questions, uncovering new possibilities and implementing the most advantageous strategies for success. Playing such a pivotal role in her clients’ lives remains an honor and a privilege. After earning a degree in Financial Planning and Counseling from Purdue University, she began her career at a small firm in Palatine, Illinois where she worked directly with clients while learning to build a viable, client-centric business. Over the years, she gained extensive knowledge and wisdom working as a wealth manager, financial planner, firm manager and business owner at notable, various sized companies in both Chicago and Minneapolis.