Gen X Women’s Retirement Goals
As retirement planning continues to evolve, financial attitudes and goals reflect the changing dynamics of generational priorities, economic realities, and cultural influences. A striking example of this can be found in the findings from Northwestern Mutual’s Planning & Progress Study, which reveal that Gen X...
College Savings for 2025: Tips and Strategies
As higher education costs continue to rise, saving for your child's college education has become an increasingly important financial priority for many families. Whether your child is just a toddler or is already in high school, it's never too early or too late to start...
Medicare 2025: Why It Matters to Shop Around
The estimated cost of healthcare in retirement for the average American couple is $41,000. So, planning for the best possible coverage of medical expenses is a major part of successful retirement planning. Understanding the Medicare changes in 2025 is vital so you can plan your...
Women Entrepreneurs Need a Path to Financial Freedom
Entrepreneurship offers women a unique path to financial independence and empowerment. Many women entrepreneurs in America have achieved significant success, but they also face unique challenges—particularly regarding long-term financial security. Women who carve their professional paths—out of necessity or ambition—face a series of distinct financial challenges....
A Critical Combo: Life Insurance with Long-Term Care Benefits
An important part of any retirement strategy involves accounting for potential long-term care (LTC) expenses, which can be surprisingly high. The median cost of a private room in a nursing home was $9,733 in 2023, while a full-time home health aide was $6,292 per month.1 If...
Navigating Inflation in Retirement
Retirement should be a time of financial security and peace of mind. However, high inflation in retirement can quickly erode the purchasing power of your retirement savings, threatening your financial stability. Let’s explore strategies to help retirees and soon-to-be retirees maintain their standard of living...
Health and Wealth: Longevity in Retirement Planning
Life expectancy is one of the most critical yet often misunderstood factors in retirement planning. Many Americans need to be more accurate in assessing how long they’ll live. The Life Expectancy Misconception Here are some of the factors that influence the estimation of life expectancy: Impact of...
The Value of a Year-end Investment Review
As we approach the end of the calendar year, the financial landscape continues to present investors with both challenges and opportunities. An investment review and a disciplined approach to diversification can help weather market volatility and capitalize on opportunities as they arise. The Importance of Diversification Diversification...
Wrapping Up Your Finances: A Comprehensive Year-End Guide
As 2024 draws to a close, it's the perfect time to take stock of your financial situation and focus on wrapping up your finances in preparation for the year ahead. This comprehensive guide to year-end financial planning will walk you through essential financial tasks to...
Family Caregivers and Financial Challenges
Family caregivers face not just an emotional responsibility but also a significant financial one. Americans adults who are part of the Sandwich Generation—defined as those who care for both children and aging parents or loved ones, find themselves pulled in two directions. According to a 2020...