The student loan landscape has changed dramatically since the beginning of the COVID-19 pandemic. From the suspension of interest payments on federal student loans to tax incentives for employers who pay their employees’ student loans, there are a number of new programs available to help make student loan repayment cheaper and simpler. Below, learn more … Read more
Starting a family is one of life’s most rewarding experiences. However, it will also profoundly impact your financial picture, with a list of expenses that grows by the year. (One estimate pegs the total expenses for a child’s first 18 years at $233,610.)[1] As you begin planning for your first child, consider these key areas … Read more
As the U.S. population continues to age, the “sandwich generation” is caught in the middle, supporting both their parents and their children, whether financially, physically, or emotionally. This generation is the middle-aged generation supporting the baby boomer generation—now the largest generation ever. By 2035, one in three heads of households will be someone age 65 and older. The American population will have … Read more
Losing a spouse, whether through death or divorce, can be devastating both emotionally and financially. The loss can take months or even years to adjust to since there is no way to prepare for death or divorce despite having discussed contingencies with each other or their financial professional. When it comes to financial decisions, some things need … Read more
Due to the shift to online classes over the past year, 2020 saw the lowest tuition increase in the last four decades. According to the Bureau of Labor Statistics, the highest year-over-year change in college tuition and fees was recorded in June 1982 at 14.2%, while overall inflation was up 6.6% over that same time period. … Read more
If you have a child in kindergarten, you may want to dust off a report from 2015 that explains just how expensive raising kids can be. And it’s downright frightening. Back in 2015, the US Department of Agriculture released the Expenditures on Children by Families Report with the scary title: “The Cost of Raising a … Read more
Whether you’ve been investing for years or just made your first stock purchase, you may find that the more you learn, the more you realize you don’t know. From capital gains taxes to dividends, how well do you know investing? Test your investment IQ with our five-question quiz. True or False: Dividends are taxed differently … Read more
So you’re getting married in 2021? Congratulations. And when you add up all your income (yours and your spouse’s), you’ll earn more than the limit to contribute to a Roth IRA. But since you’re below the income limit now, you want to contribute to a Roth before the wedding. Sounds like a good idea. But … Read more
Waking up early in the dark mornings of winter to exercise comes hard. Once your workout ends, though, you often begin the day with the payoff of a tremendous energy boost. Can the same process apply to your finances? If you’re like most people, you exercise for many reasons but expect to benefit from your … Read more
Unlike verbal literacy, financial literacy isn’t often taught in schools—which means that many people may enter adulthood without having all the tools they need to make informed and effective financial decisions.[1] Fortunately, gaining financial literacy doesn’t need to be a long or complicated process. Read on for three simple things you can do to work toward … Read more
Most people who decide to purchase stocks, bonds, mutual funds, or other investment vehicles do so understanding that there are risks associated with investing, but believing that the potential growth they may realize over time outweighs such risks. However, because there are no guarantees, investing assets can be a nerve-wracking experience – especially during periods … Read more
Once upon a time, investing in the stock market involved ticker tape and a lot of phone calls. Today, most investors reach no further than their pocket for up-to-the-minute market updates, portfolio valuations, trading capabilities, and analytics. The property management industry is only now beginning to complete a similar transition, and many real estate investors … Read more
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