Did you know that when it comes to your assets such as retirement accounts and life insurance passing down to your heirs outside of probate, beneficiary designations take absolute precedence over any and all provisions made in your Will?
If you’re cutting it close with your finances every month, or not setting aside anything for your future, then your routine could use some tweaking. Identifying the financial habits tripping you up is the first step to moving toward life’s bigger goals.
Fifty years ago, it wasn’t at all unusual for an individual to work his or her entire adult life for the same company. Today, however, by the time they reach age 50, the average baby boomer will have held nearly twelve different jobs.1 As a result, many people find themselves juggling multiple legacy retirement accounts that they’ve maintained at previous employers.
In 2014, Americans gave more than $358 billion to charity with nearly three-quarters of that amount coming directly from individuals. And while much of these donations come in the form of direct cash gifts, more and more individuals are turning to planned giving vehicles as a way to better manage their charity.
Setting smaller, more immediate goals can have a big impact on your long-term plans. So, think about where you want to be or what you want to be doing in five years, and start working toward those goals now.
If spending habits are getting in the way of your long-term goals, like homeownership or a big getaway, you’re not alone. Think about what’s standing between you and your goals and push those things aside.
35 percent of people who experience stress in their relationship blame finances. The good news is there’s a way to beat money stress, even if you and your partner have vastly different approaches to managing money.
As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.
There are lessons we could all learn about managing a portfolio-regardless of whether you’re an old pro at it or a total newbie. Take these six common mistakes that even experienced investors tend to make.
We know that managing your money can sometimes make you feel like you are learning a foreign language. So we compiled a handy glossary of must-know money terms that affect all aspects of your financial life.
When your child is planning a wedding, it’s easy to get swept up in the excitement and to want to contribute all you can. Here’s how to balance chipping in for the big day with your other savings goals so you don’t get off track.
It takes more than just plunking down a 20% down payment to call yourself ready. You have to be financially, emotionally and mentally prepared—or risk becoming one of the one in four homeowners who feel buyer’s remorse.