You or someone you love may need long-term care at some point in your life. Planning ahead can help ease your concerns about the cost of care. When people hear “long-term care”, they often think of a nursing home. But there are a broad range of health services and providers that fall under the long-term
Some of the biggest lessons your child may learn happen when they’re entering adulthood and getting ready to live independent lives. In a 2019 Pew Research study, most Americans say 22 is the ideal age for young adults to achieve financial indepen-dence. But in reality, only around one-quarter of 22-year-olds can make that claim. Between
An economic downturn can make the challenge of running a small business even harder. Here are some ideas to help you keep your doors open and your dream of small business ownership alive. Your cash flow is key to keeping your small business running during a recession. Increasing or speeding up inflows is one way
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It is said that annuities aren’t bought, they’re sold. That means, not many people go shopping with the intention of buying an annuity. Rather, a financial representative brings different annuity options to the table, to help a client build a plan for their financial future. Annuities have a place in financial planning, especially when there’s
Are you on track to meet your goals? As you save for retirement, it helps to have an occasional “reality check”—a moment where you stand back and look at your progress. Here are two guidelines to keep in mind when you do. Look at your savings as a percentage of your household income at certain
If you’re facing unemployment or concerned about the possibility of upcoming layoffs, there are some small, proactive steps you can take now to help make this difficult time more manageable. Build Your Network. It’s estimated that over 80% of open positions are filled through networking.1 The easiest time to build your network is while you
There are many types of risk associated with investing. Understanding each type and the effect it may have on your portfolio returns is crucial to your long-term investing success When it comes to investing, many people associate risk with losing money. But investing entails different types of risk. Understanding each type — and the potential
In addition to saving for retirement, there may be several other major financial goals you’ll need to juggle in a lifetime. Let’s say that at the age of 25, you earned $35,000. If your salary increased at the average historical rate, you’d have earned nearly $2 million in total by the time you were 65.1,2
