More than 100 million American adults currently care for a parent or other elderly relative in their home.1 These arrangements are often more by necessity than choice, as paying for outside caregivers or a long-term care facility can cost thousands or even tens of thousands of dollars a month. For many families, taking on this [...]
The "Sandwich Generation" is composed of adults who are ‘sandwiched’ between competing financial responsibilities. Many Sandwich Gen members support their aging parents while also providing for their children (or even grandchildren) and planning for retirement. Today's Sandwich Generation is a larger-than-ever cohort consisting of the youngest Baby Boomers, the oldest Millennials, and much of Generation [...]
What does the term "financial freedom" mean to you? For some, it means freedom from a particular workplace or industry. For others, it means the opportunity for an early retirement or the ability to start a long-desired business. Consider these three strategies that may help investors pursue financial independence on this Independence Day. Start Early [...]
There is one thing that we will most likely all do one day: regardless of your status in society, position at work, or whether you are tall or short, you may pass down assets to loved ones. When that day arrives, an estate plan is essential for managing and distributing those assets without too many [...]
After working hard and providing for your family for all of these years, you are likely counting down the days until retirement and beginning, as The Beach Boys once said, that “endless summer.” Or maybe you are already retired and looking to make some financial adjustments because you realize that life doesn’t stop when you [...]
With rising housing prices and interest rates, you may feel pressured to jump on the carousel to avoid being left behind. However, a home is one of the most expensive purchases most Americans will make, and you don't want to rush into a home that isn't right for your needs. Below, we'll explore a few [...]
Owning a home and running a business are two significant investments that require dedication, planning, and balancing. Both ventures have potential rewards and risks and demand considerable financial commitment and personal involvement. This article explores the possible impacts of combining business and home ownership and tips to help navigate this complex yet achievable endeavor. Business [...]
529 education savings plans allow families to put away money for their children's education without paying taxes on the earnings, as long as the withdrawals are used for qualified educational expenses and fall within the applicable annual limits. While many people may already have these set up for their children or grandchildren, they also make [...]
You can spread the love through sharing your family business succession plan with the loved ones you hope will take over the reins of the company you spent your life building. Here is a seven-step checklist to help you with your succession planning: 1. Creating manageable goals and objectives The business leader must set goals [...]
Growing a business is impressive, but it takes more than just turning a profit to build wealth: It requires a mind shift from short-term gains to long-term prosperity. A business owner must focus on the company's financial confidence and long-term sustainability. Here are some critical tips to help business owners turn their earnings into wealth. [...]
