When saving for retirement, it’s important to maximize every dollar you funnel into retirement savings accounts.

Estate planning can be a stressful process - especially if you aren’t clear on what documents you need in place to protect your loved ones.

More and more frequently, parents are supporting their adult children well into their lives after they’ve left “the nest.” COVID-19 has brought this concept into the spotlight, as many young adults who lost their jobs or who had to relocate during coronavirus, ended up moving home. It’s not a secret that parenthood is expensive! However, many parents are struggling to walk a line between continuing to be supportive of adult children while also setting themselves up for financial success. Let’s walk through how you can successfully set financial expectations with your adult children that strike the balance you’re hoping for. 

Since the concept of “retirement” became popular in the 1920s, people have been sprinting toward the proverbial finish line. They imagine turning in their badge, celebrating with their colleagues over a retirement cake in the break room, and never returning to the office again in order to embrace a life of leisure. 

Retirement is often viewed by many as the ultimate end-goal. Whether you picture sitting on a beach with your spouse or spending more time with family and friends without the pressure and stress of your career weighing you down, everyone dreams about their “ideal” retirement. For many, it truly is the final finish line you spend the majority of your life racing toward. 

Unfortunately, while many people are focused on retirement on the horizon, they become tunnel-visioned. When they finally arrive at their destination, they’re surprised to find that retirement isn’t at all what they expected, and they wind up feeling disappointed at best and depressed as a worst-case scenario. 

Most people know that saving for retirement is critical. “Save early, save often” is a phrase that’s often touted when speaking with people in the beginning or middle of their careers. Financial advisors and nearly every article available about financial tips to get ahead talk about the importance of saving for retirement for a long period of time to allow funds to grow. However, the advice often starts and ends there. There’s little guidance available at first glance about taxes on retirement accounts, or where to save your money to maximize it when you retire.

Surviving the loss of a spouse is never easy. Many times, widows feel lost as they try to navigate their new normal. Although having a checklist or a guide may not cover all of your unique needs, we hope that these tips will help you to start making forward progress on getting organized, respecting your spouse’s wishes, and setting yourself up for a stable future.

Saving for college is one of the primary financial concerns of most Gen X parents, and more and more often grandparents are getting involved in college savings for their grandchildren. With the cost of college constantly climbing, it’s no wonder that funding continuing education for future generations is becoming an all-hands-on-deck endeavor. The average cost of college in the United States is $11,171 a year for an in-state public college. Private universities cost an average of $41,411 a year. 

There are several different ways to save for college. Of course, families can save cash, but it’s usually more efficient to save with an investment account to grow your college savings over time. One common method people use to save is the 529 Plan. 

A HELOC, or Home Equity Line of Credit, is often viewed as a “second mortgage.” But when should a homeowner consider a HELOC? And are they actually a safe way to borrow? Let’s find out.

The sandwich generation is a group of Americans who are stuck between caring for both their young adult children and their aging parents. This can be an exhausting time of life under the best of circumstances. As your parents continue to age, they’ll likely require increasingly complex medical and financial assistance. Often, as memory slowly fades and the effects of getting older take their toll, they may be unable to navigate the maze of health care and financial planning alone. 

One of the primary stressors that come with caring for aging parents is that it can be challenging to divide up the tasks required in their care. Let’s walk through how to start the conversation with siblings (or other family members), and keep your parents’ quality of life as your primary goal.

Caring for your aging parents can often feel like a minefield of possible mistakes. You want to help them, especially if their current condition has made it challenging for them to physically care for themselves and perform daily life activities. You also want to ensure their interests are taken care of, all while helping to preserve their sense of dignity and self-respect.

When the words “estate planning” are heard, it’s common to think of retirees mapping out their legacy through a will, trust, and other methods of passing on their wealth and assets. You may even think of young parents setting up an estate plan to ensure their children are protected in a worst-case scenario. Most people, however, don’t imagine college students setting up an estate plan. After all, they rarely have any wealth or assets worth passing on, and they typically don’t have dependents who need to be taken care of. 

However, college students still need an estate plan in place. Now, during coronavirus, when college students are on campus and at risk, this is more true than ever.

College funding is complicated and stressful for many families. One option for funding your child’s college education beyond leveraging a 529 Plan or traditional student loans is the Parent PLUS Loan. Many parents choose to apply for a Parent PLUS Loan as part of their funding strategy. Unfortunately, many of those same parents don’t know much about the loan itself! Let’s review what the Parent PLUS loan is, and what you can expect in terms of how it impacts your financial plan. 

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