Financial Planning

Real Life Has No Filter

Penn and Kim Holderness get real about the challenges today's families face when it comes to financial planning. Find out what they learned when they asked a financial advisor the tough questions about what you don't see in your social media feed.

Finances for the Sandwich Generation

You can't put a filter on the financial realities of life. Paying down debt, planning for retirement, saving for college, taking care of aging parents - how do you do it all at the same time? We teamed up with Penn and Kim Holderness to look beyond all those amazing vacation photos and perfectly plated meals you see on social media to share what members of the sandwich generation can do to manage the present while planning for the future.

We've created a variety of resources to help you better understand the financial realities families face today. Listen to the Holderness Family Podcast episodes and read our articles to learn more about:

You can also download our quick guide, Real Life Has No Filter: Preparing for the Financial Realities of Life for checklists, tips and more information on how to approach real life financial challenges.

Holderness Family Podcasts and More Financial Resources

Listen as Penn and Kim Holderness discuss personal savings, managing debt, paying for college, retirement and more with a seasoned financial advisor. Then be sure to check out our articles to learn more about each topic.

Episode 1: Debt and Savings

In this episode, Kim and Penn Holderness discuss the challenges of raising a teenager. When the conversation turns to family finances, they learn that not all debt is equal and the cost of debt needs to be considered when deciding financial priorities. Listen to learn more about how to decide between paying off debt now or saving for the future.

Episode 2: Saving for College

After chatting with an author about how to empower kids, Kim confesses that she only has a college savings account for one of her children. Listen as she learns about her options and realizes, in her financial scenario, it's okay to prioritize retirement over funding college for her children.

Episode 3: Saving for Retirement

Kim and Penn discuss how to get over the fear of failure. When a financial advisor joins the conversation, the focus turns to retirement and the magic number they need to retire. Spoiler alert: there isn't a firm number but more of a moving target that depends on many factors. Find out what those factors are and what that could mean for you.

Episode 4: Aging Parents

In this episode, work meets personal life for Penn and Kim as they explore the emotional challenges that come as your parents age. They also chat with a financial advisor about the financial aspects of caring for an aging loved one. Learn when to seek legal advice and why it's important for families to be proactive, organized and transparent when it comes to protecting older relatives' finances and planning for the future of their estate.  

Related Resources:

Senior Housing Options

Helping Loved Ones Discuss Medical Power of Attorney

Buying Life Insurance for Your Parents

The Cost of Assisted Living

Estate Planning Checklist

5 Tips for Thriving in the Sandwich Generation

How to Budget

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