According to a recent study1, 90% of Americans feel stressed about money. Some of this anxiety is due in part to the ongoing effects of the pandemic, product shortages and inflation. Unfortunately, stress can often lead to questionable decisions, so it’s important to deal with it sooner rather than later. If you’re feeling a bit overwhelmed, here are six ways to help manage your finances. Continue reading
As a loving parent, you want to protect your family if something happens to you. When your children are younger, you’ll need to provide instructions on managing your finances and property, and who will act as their guardian.
However when an inheritance involves adult children, the situation changes dramatically. They may be married with families of their own to care for, or living independently and making their own financial decisions.
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By Jonathan Young
Since 2008, Jonathan has been passionate about building trusting relationships with Members to help them reach their financial goals. He believes that financial plans should be built with a specific objective in mind, like living comfortably in retirement, saving for college, or buying a house.
Depending on your investment profile, you may want to consider including an annuity as part of your investment portfolio. Annuities can have features that provide a more moderate approach to help build retirement savings. They can also be used to create an income stream you can’t outlive.
It sounds easy. Make a quick phone call, save thousands a year on insurance. But to get the right coverage for your specific situation, you need to look beyond low annual premiums. While you might find cheaper policies, they may not adequately protect your property or assets. There’s a better way to save money on insurance.
Last year challenged us to protect our health, job and financial well-being. Although things are looking up, life will always have bumps in the road. Here are some tips to get back to basics and improve your financial picture.
Contributing to a 529 College Savings Plan is a smart way to save for college and contributions are a great gift idea for friends and family members.
Entering your 60s could mean you’re getting ready to reap your financial harvest. But, after decades of careful spending and saving, you may still be hesitant to say goodbye to full-time employment. If you’re still carrying high-interest rate debt, making a hefty mortgage payment, or wondering if you have enough money in savings, delaying retirement might be a good idea. Before you exit the workforce, reassess your finances and be prepared to reboot your retirement plan, as needed.
When you reach your 40s, most likely your responsibilities have increased significantly. With that in mind, it’s more important than ever to figure out how to allocate your hard-earned dollars. To manage day-to-day expenses and accomplish your longer-term financial goals, you’ll need a plan you can live with and adjust it to your changing needs.
Get a jump on college tuition by starting early and saving regularly. Here are some options to help you save now for your child’s bright future.
