You may think you’re a savvy investor. But have you ever put your knowledge to an actual test? There’s an ongoing national financial literacy study run by FINRA that you can take and review results at any time. The study has found that most Americans cannot correctly answer the following question: “If interest rates rise,…
Insights
Why the Government May End Social Security Numbers (and How to Protect Yours)
How much do you think about the security of your Social Security number? All of your life, you’ve been told to keep it secret and safe. However, it’s often requested during life’s everyday moments, such as when you visit the doctor, open a bank account, or start a new job. Data Safety Is in Question…
Maximizing Social Security Survivor Benefits: What Couples Need to Know
Secure Your Spouse’s Future: Understanding Survivor Benefits and Social Security Claiming Strategies Coordinating Social Security benefits with your spouse is a key part of retirement planning. Many couples focus on maximizing their retirement benefits as soon as possible, but this approach often overlooks a critical factor: one spouse is likely to outlive the other….
How to Live on One Income After Having a Child
Having a baby changes everything—from your outlook on life, to the time that it takes to get ready and leave the house in the morning, to your financial situation. Of course, most of this you will have to just learn as you go, but figuring out how to live on one income after having a…
Money and Relationships: How to Communicate About Finances Without Conflict
Master the Art of Financial Communication to Strengthen Your Relationship and Achieve Shared Goals Finances can be a sensitive topic, especially within a relationship or marriage. Studies show that nearly 75% of Americans feel stressed about their finances. Combine that with other life stressors, such as work and family responsibilities, and it can feel overwhelming. Instead…
What Your Employees Don’t Know About Social Security–And Why It Matters
The Changed Role of Employers in Retirement Education In the past, employers had a relatively straightforward job regarding retirement education. Most companies offered defined benefit pension plans, and employees only needed to understand eligibility requirements and benefit amounts. Today, however, retirement planning is more complex, requiring a broader understanding of employer-sponsored defined contribution plans like…
The 3 Biggest Money Mistakes Millennials Make (and How to Fix Them)
Did you know you’re primed for financial success when you’re in your 20s and 30s? It’s true! You’re in the best position to build and grow wealth because you have time on your side. Now is when you should start saving and investing a percentage of your income, to give your nest egg enough time…
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