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...
Teaching Financial Responsibility: A Parent’s Guide to Money Management for Kids
How often do you talk to your kids about money? Always? Once in a while? Never? Teaching your kids about money management is one of the most valuable lessons you can impart. It's not just about saving pennies or avoiding impulse buys; it's about instilling habits...
How Car Loans Can Impact Americans’ Retirement Goals
Car loans have become a staple in the American financial landscape. With the allure of new vehicles and easy financing options, many consumers taking on significant debt to drive their dream cars. However, this convenience comes with a hidden cost that could impact their retirement goals,...
National Financial Awareness Day
Financial Awareness Day serves as a gentle nudge to evaluate your financial health, educate yourself on smart money management, and make informed decisions that can significantly impact your future from now through retirement. Whether you're just starting your financial journey or looking to refine your existing...
How Life Insurance Can Improve Financial Wellness
Life insurance is traditionally seen as a means to provide financial protection for loved ones in the event of an untimely death. However, it can also play a significant role in enhancing your financial wellness. By integrating Permanent Life Insurance (PLI) and Deferred Income Annuities (DIA)...