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,...
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...
Navigating Financial Confusion for Millennials and Gen Zers
Understanding Financial Perception Issues Similar to body image issues, some young adults constantly worry about not having enough money, even if their financial situation is stable. Various factors, including social media, peer pressure, and the unpredictability of the current economic climate, fuel this anxiety. The Obsession with...
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...