Whether you realize it or not, you have family money values. The way parents talk about money, save money, and spend money affects their children. Business Insider explains, “Often times, the way we understand and deal with money as an adult comes from watching our parents or parent-like figures handle them. These are called ‘money… Continue reading Identifying and Instilling Family Money Values
The holiday season will be here before we know it. Don’t let it sneak up on you; otherwise, you may find yourself racking up holiday debt. According to the National Retail Federation, “Retail sales during 2020’s November-December holiday season grew an unexpectedly high 8.3 percent over the same period in 2019 to $789.4 billion.”¹ Keep… Continue reading 10 Ways to Avoid Taking on Holiday Debt This Year
If you’re confused by your 401(k) plan, you aren’t alone. According to a J.P. Morgan 2021 Defined Contribution Plan Participant Survey, 401(k) investors are “overwhelmed and unsure about the various aspects of retirement planning.”¹ In fact, 52% feel they are presented with more plan information than they can absorb.² Perhaps this is why 51% of… Continue reading 5 Must-Know Details about Your 401(k) Plan
It’s the start of Q4, and many investors may be concerned about the market volatility and other factors driving the news cycle. Things might feel a bit shaky right now. But when you zoom out and look at the charts and take into account the strong underlying fundamentals, it’s not as bad as it may… Continue reading Market Commentary: Where We See Things Headed in Q4
Parents should be intentional about teaching their kids good financial habits because, if they don’t, no one else will. According to Next Gen Personal Finance, a high school personal finance curriculum company, only 16.4% of U.S. high school students are required to take a personal finance course.¹ And Nitro, a student loan educational website, recently… Continue reading 16 Tips for Encouraging Kids’ Good Financial Habits
And just like that, we’ve reached the 4th quarter, which means it is time to review where you stand financially. The good news is, there is still time to get your financial ducks in a row before the end of the year with a personal finance checklist. To make this process as easy as possible,… Continue reading 4th Quarter Personal Finance Checklist
“Should I borrow from my 401(k) to get a house?” is a question that comes up quite a bit, especially with first-time homebuyers. It’s understandable because it can be difficult for many first-time homebuyers to accumulate enough savings to make a down payment. It’s standard for banks to require as much as 20% down, and… Continue reading Is It a Bad Idea to Borrow from My 401(k) to Get a House?
When it comes to retirement planning, there is often a big discrepancy between how much money people think they need and how much they actually need. And so, year after year, investors fund their retirement accounts based on how much they can afford to save now, rather than really understanding how much they may need… Continue reading Are You Saving Enough to Cover These Retirement Expenses?
Planning for retirement may include choosing between traditional and Roth 401(k) plans. Unless you are a financial advisor or have spent a significant amount of time reading up on both, it may be difficult to understand the difference between a traditional 401(k) and a Roth 401(k). Not to worry. We’ve got you covered. Read on… Continue reading Traditional 401(k)s Vs Roth 401(k)s: Which One Is Right for Me?
School is starting around the country, which means millions of young adults will be paying for college. And college isn’t cheap. According to Fidelity Investment’s 2021 College Savings and Student Debt Study: For the 2020-2021 academic year, the average cost at a private, nonprofit 4-year college was $54,880. The average cost per year for a… Continue reading Reality Check: Why You Need to Talk to Your Child about Paying for College
