Financial Resilience in 2024: Navigating Retirement
Regarding retirement planning in 2024, the quest for financial resilience takes center stage. Seventeen percent of Americans are over 65. According to the Census Bureau, almost three-quarters (44 percent) of boomers are at retirement age, and millions more will join them soon. Boomers hold over half...
Budgeting Your Way to a Secure Financial Future
The budget is a fundamental tool often overlooked when pursuing financial security and prosperity. Crafting a budget isn't just about tracking expenses; it's about sculpting a roadmap to your financial goals. Here's why having a budget is non-negotiable for securing your financial future: Understanding Your Financial Landscape Before...
Money Smart Week 2024
Do you ever wonder where your money disappears every payday or feel that getting out of debt is an unreachable goal? National Money Smart Week presents an ideal opportunity to enhance your understanding of personal finance. This annual nationwide event aims to enhance the public's understanding...
Balancing Retirement Savings and College Planning
Orchestrating a harmonious balance between retirement savings and funding a college education can leave you feeling like a conductor without a baton. It is a delicate financial dance where a holistic approach is best. Combining retirement and college savings into a solid financial plan is challenging...
The Financial Literacy Gap for Women
When it comes to personal finance and wealth building, women face a unique set of challenges and opportunities. Women still report lower confidence levels than men in managing their cash flow and debt, allocating investments, and planning for retirement. This highlights the importance of bridging...
Teaching Kids About Money: Financial Literacy for Families
In life’s journey, understanding the value of money and mastering the basics of financial management are indispensable skills. Yet, skills do not come naturally; they must be learned and nurtured from a young age. This underlines the importance of teaching kids about money. “Financial literacy is...
Achieving Early Retirement
Seven Considerations for Financial and Mental Preparedness Many people are captivated by the dream of early retirement, which promises freedom to pursue passions, travel, or simply savor the joy of a leisurely life. Retiring early is a big decision, driven by a desire for adventure, personal...
Navigating Retirement: A Comprehensive Guide to Annuities
As we embark on retirement planning, the myriad of financial instruments available can be overwhelming. Annuities, with their diverse types and features, are powerful tools for crafting a secure and stable retirement. The total value of retirement assets in annuities, estimated at around 2.29 trillion...
April is Social Security Month
As we delve into the essence of Social Security Month, it's a time to reflect on its enduring legacy, educate ourselves and our communities, and engage in meaningful dialogue about its future. ...
There’s Still Time to Fund an IRA for 2023
The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2023. If you had earned income last year, you may be able to contribute up to $6,500 for 2023 ($7,500 for those age 50 or older by...