DiscoverLife after Kids with Drs. Brooke and LynneManaging Finances After Kids: Tips from a Financial Expert
Managing Finances After Kids: Tips from a Financial Expert

Managing Finances After Kids: Tips from a Financial Expert

Update: 2024-09-08
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Description

Staying healthy is key to living a vibrant life after the kids are grown.  Physical and emotional health are common topics of conversation, but why aren’t we talking more about financial health?!

In this episode of Life After Kids, we’re interviewing our very first and very special guest, Ken Stillwell, (Dr. Brooke’s husband) to discuss the importance of financial health in  life after kids. Our conversation delves into the impact of financial stress, the role of spouses in managing finances, and the significance of communication and alignment in financial decision-making. Ken shares insights on the influence of upbringing, career stability, and risk tolerance on financial mindset and decision-making within a relationship. 


Key Takeaways

  • Minimize Debt: Reducing leverage by avoiding unnecessary debt, including high-interest credit cards, is crucial for financial health.
  • Build a Nest Egg: Establishing a financial cushion for emergencies helps in reducing stress and maintaining financial stability.
  • Invest Wisely: Maximize the benefits of employer-provided retirement plans, such as 401(k), and avoid investments you do not understand.
  • Communicate and Align: Open discussions about financial goals and roles can prevent conflict and ensure both partners are on the same page.
  • Educate the Next Generat


Tune in to the full episode of Life after Kids with Ken Stillwell for a conversation covering practical advice for moms in midlife, with a focus on financial security, retirement planning, and investment strategies. Learn more about the importance of imparting financial wisdom to the next generation, and get valuable insights for managing debt, building financial safety, and making informed investment decisions.

About the Guest:

Ken Stillwell is the Chief Financial Officer (CFO) of a large company based in Boston. He is an accounting major with extensive experience in financial management, both in personal and corporate settings. Known for his deep financial acumen and strategic thinking, Ken has g



Chapters

00:00 The Importance of Financial Health in Life After Kids
07:25 The Role of Communication and Alignment in Financial Decision-Making
22:15 Navigating Financial Security in Later Life
30:27 Debt Management and Financial Safety
36:22 Imparting Financial Wisdom to the Next Generation


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Enjoy the show, and we hope you learn a little bit more about living a fulfilling, vibrant, and meaningful Life after Kids!

If you like what you hear please rate and review the podcast, hit subscribe, and pass it along to a friend.

Making tomorrow even better than today,

Dr. Brooke and Dr. Lynne


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Managing Finances After Kids: Tips from a Financial Expert

Managing Finances After Kids: Tips from a Financial Expert

Drs. Brooke and Lynne