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,...
Why Women Trail Behind in Retirement Savings
Saving for retirement is important for financial stability in the future. However, there is a big difference between how much men and women save for retirement savings. A survey found that nearly 70 percent of people think men save more money than women. Understanding the reasons...
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)...