In the past, baby boomers and Generation Xers often held on to jobs for 10 or more years. Some professionals stayed with the same company for most of their working lives. The Great Recession changed this for many. Now, people have become more comfortable moving from job to job. Millennials are especially adept at this. They change jobs three times …
There are important steps you can take to help your aging parents find health care and living assistance and to secure financing for the cost of the care. Many adults have aging parents who are in need of health-care and living assistance. There are a number of resources today that can help them grow old gracefully, either in their existing …
Filing taxes is a necessary chore that everyone has to do every year. However, once you’ve filed your taxes, there are still steps you can take to ensure that you’re in a better position for next year. Tax planning is an ongoing process that requires you to stay organized, informed, and proactive. Here are some good tax planning steps to …
Divorce is a challenging and emotional process, no matter what age you are. However, when it happens later in life, it can have a significant impact on your retirement plans. Whether you’ve been married for decades or just a few years, a divorce can throw a wrench into your retirement plans, leaving you wondering how to move forward. In this …
Dealing With Inflation’s Negative Effect on Employee Retirement Planning An August 2022 survey from Nationwide Retirement Institute found that 40% of workers age 45 and older plan to delay their retirement due to inflation and rising living costs. That figure is double the percentage of workers who said they delayed retirement last year due to the COVID-19 pandemic. While the …
Going through a divorce can be an emotional and stressful experience, and it’s natural to feel overwhelmed by the many decisions you’ll need to make. One of the most important decisions you’ll face is how to divide your assets and liabilities. That’s where a financial advisor can be a valuable resource. Here are some reasons why you should consider contacting …
Preventive care strategies to help you deal with healthcare expenses in retirement According to the 2021 Fidelity Retiree Health Care Cost Estimate, an average retired couple age 65 may need approximately $300,000 saved (after tax) to cover health care expenses in retirement. There are a number of factors behind this escalating cost challenge. In general, people are living longer and …
Creating an estate plan is a key component of achieving financial wellness Most people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues. While it’s not pleasant to think about, you may be the one who ends up having to sort out their affairs. …
This article discusses steps that parents can take to build wealth while raising a family. Raising a family is rewarding─and expensive. Consider taking these steps to support your family financially through a program of smart investing. Building a career and raising a family requires management skills. Juggling your time, priorities, and money now while planning for the future can be …
Many young adults have chosen to move back in with their parents, either due to job loss or in order to save money or pay off student loan debt. Before making the move, there are a few things that they should consider. You likely never anticipated you would be at this stage of your life and living with your parents. …
