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,...
Top 5 Tips for Building a College Savings Plan
Higher education can open doors to many career opportunities. However, paying for college is a major financial challenge for many American families. Having a College savings plan is crucial in helping families prepare for this expense. It's one of the biggest savings goals, second only...
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...