Financial Planning Month: Stay on Budget
Discover how setting a budget helps keep spending in check and strengthens your financial future. Managing your finances can sometimes feel overwhelming. Keeping everything in balance requires knowledge and discipline, from daily expenses to long-term investments. That's where Financial Planning Month comes in. Every October, we...
Lower Interest Rates Could Affect Your Financial Future
In September, The Federal Reserve (or "the Fed" for short) lowered interest rates. This change could affect your investments and retirement planning. Why is this significant? Think of interest rates as the cost of borrowing money. When rates are high, it costs more to borrow. When...
Should You Worry About Market Volatility?
On August 5, 2024, the S&P 500 Index dropped 3% from its previous close, the largest single-day loss in almost two years. This continued a three-week slide that saw the benchmark index — generally considered representative of the U.S. stock market — decline by 8.5%....
The Rise of Female Boomers in the Market
As Baby Boomers continue to age, a significant demographic shift occurs: the future Boomer consumer will increasingly skew females. This trend is driven by women's longer life expectancy, leading them to dominate the Boomer consumer segment. The Demographic Shift Women have a longer life expectancy than men,...
Boomers Seeking More Experiences and Fewer Products
As Baby Boomers reach retirement age, their consumer habits are evolving. By 2050, over two billion people will be 60 years and older, constituting 22 percent (or one in five) of the world's population. Rather than accumulating more material possessions, Boomers are prioritizing experiences that...
Five Higher Education Trends to Watch For in 2024
Higher education is constantly evolving, and 2024 promises to bring significant changes that will impact students, educators, and institutions alike. Here are the top five trends in higher education this year. “As higher education adapts to these emerging trends, it's crucial for institutions to remain flexible...
Changes to 529 College Savings Plans
The 529 college savings plan has long been favored by parents and grandparents who want to save for higher education expenses. Recent updates to these plans have introduced significant benefits, including converting funds into a Roth IRA tax-free after 15 years. There are also higher contribution...
Mid-Retirement Check
A mid-retirement check is essential for ensuring a comfortable and secure retirement. This assessment involves evaluating various aspects of your life, from household chores and health concerns to financial adjustments and estate planning. By examining these areas comprehensively, you can make informed decisions that enhance your...