The challenge is finding an adviser that can help you navigate the interplay between current competing spending priorities (housing, student debt, child care, medical and caregiving responsibilities) and making smart investment choices to provide for ever-escalating future spending needs.
Perhaps the best-known distribution plan is the “4% rule,” which makes room for cost-of-living adjustments.
To arrive at the 4% rate, Bengen studied historical market returns covering 50-year periods beginning in 1926 and ending in 1992.
Knowing when to sell an investment is just as important as knowing when to buy.
Everybody got a little piece under the One Big Beautiful Bill Act, and nobody got all they wanted.
Their automated approach leaves little room for adaptability or specificity that comes from working with traditional financial advisers.
The ideal time to start a financial plan is in high school.
Graduation is a great time to get a start on building a firm financial foundation.
Insurance works on the principle of the Law of Large Numbers.
The financial literacy rate has decreased since 2020, when it reached a peak of 52%.
The modern version of Valentine’s Day has been transformed into a multibillion-dollar industry.
If you haven’t already adjusted spending for inflation, now might be a good time to review expenses and identify which are no longer a priority.
Half of our adult lives are spent in transition.
While Andy Williams is famous for crooning that it is the “most wonderful time of the year,” the reality is that December is the most stressful time of the year.
Sports fans often fall prey to the “illusion of control” by thinking they have an edge because of their perceived knowledge of the leagues, teams and players.
According to a survey by Standard & Poor’s, only 57% of U.S. adults are financially literate.
In February 2022, the IRS issued proposed regulations, stipulating that IRA owners subject to the 10-year rule were also subject to a required minimum distribution (RMD), as well.
The Peak Boomers Impact Study details how most of the individuals in the last segment of the baby boomers are not financially prepared and cites different factors that contributed to their precarious financial position.
Financial self-defense is about increasing your financial literacy and confidence in making sound money decisions. It is also about knowing enough to ask questions and not take statements at face value.
A digital estate plan is important to maintaining access to treasured photos, stories, and communication for loved ones.
