September is College Savings Month
September is not just about back to school; it's also College Savings Month! If you still need to start saving for post-high school education, this is an ideal moment to reflect on the importance of saving and investing in your kids’ or grandkids’ education. As higher...
The World According to Poppy: What Essentially Causes Inflation?
“I went to the supermarket and bought two bags of groceries—it cost over $200!” “I filled up my gas tank the other day, and it cost over $75!” “We recently dined at a steakhouse, and the restaurant charged $175 for a steak!” “We recently visited a fast food...
Annuitized Income Retirees Spend Twice as Much as Those Without
Planning for retirement involves making many critical decisions. Among the most crucial is structuring your retirement income. A recent analysis by the Alliance for Lifetime Income’s Retirement Income Institute (RII) suggests that retirees who annuitize their income tend to spend twice as much as those with...
National Grandparents Day 2024
National Grandparents Day is more than just a special occasion to celebrate these cherished family members who bring wisdom, love, and joy into our lives. It’s also an opportune moment to think about the future, specifically regarding estate planning and how grandparents can effectively pass wealth...
Starting Early: How Parents Can Teach Kids Financial Responsibility
If you're like most parents, you want your children to grow up financially secure and develop a strong sense of financial responsibility. However, starting conversations about money can be tough. A 2020 T. Rowe Price survey found that 41 percent of American parents feel anxious when...
National 401(k) Day: September 6, 2024
National 401(k) Day is an important annual event dedicated to raising awareness about the benefits of revisiting your retirement goals and ensuring you’re taking full advantage of your 401 (k) retirement plan. Recent results from an April Gallup poll reveal that out of 8 financial concerns,...
Planning for Retirement Across Generations: What You Need to Know
Are you in your 40s or 50s and thinking about retirement? Many people your age are juggling a lot - saving for retirement, helping kids with college, and maybe even caring for older parents. It's a lot to handle, but smart planning can make it...
How AI is Affecting Your Retirement Portfolio
While some investors are using Artificial Intelligence (AI) to crunch data, another interesting phenomenon exists in the financial markets. AI is having a significant effect on several investment sectors. Utilities are a hot commodity due to AI The utility sector of the stock market, typically attractive to...
Required Distributions: Changes You Need to Know
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) changed the rules for taking distributions from retirement accounts inherited after 2019. The so-called 10-year rule generally requires inherited accounts to be emptied within 10 years of the original owner's death, with...
How Younger Generations Are Getting Retirement Ready
Gone are the days when retirement planning was a distant concern reserved for middle age. Younger generations are increasingly taking proactive steps to become retirement-ready. Millennials and Generation Z face a multitude of challenges when it comes to retirement: They have limited access to pensions and...