Pension Payment Plan: Annuity or Lump-Sum?
Pension Payment Plan: Annuity or Lump-Sum? Some employees are fortunate enough to have a defined benefit pension plan offered through their employer. However, they will have to decide between electing to take their benefit as a monthly pension over their lifetime or a lump sum payout upon retirement. There is typically also a joint annuity […]
How to Motivate Your Kids and Grandkids to Save Money
How to Motivate Your Kids and Grandkids to Save Money It can be hard to convince kids to save the cash they receive for their birthdays and holidays. However, saving early can have great long-term rewards! It never hurts to start good saving habits that will become second nature in the future. Here are some […]
Caring for Aging Parents
Caring for Aging Parents As the American baby-boomer population has begun aging, the need for caregivers has never been greater. Often children will take on the role of caregiver for their aging parents. However, there are many considerations that should be considered when making this decision.
An Introduction to Cryptocurrency
An Introduction to Cryptocurrency By now, we have all heard about cryptocurrency, whether it’s Bitcoin, Ethereum, or one of the other over 5000 different types of cryptocurrencies that are currently in circulation. Although there has been a lot said about cryptocurrency, do you really know what it is and how it works? Cryptocurrency is decentralized, […]
Protecting the Elderly from Financial Abuse
Protecting the Elderly from Financial Abuse The baby boomer generation is aging, and they are increasingly becoming targets for senior financial abuse. Americans over the age of 50 have control over 70% of the nation’s wealth, making them ideal candidates for scammers to approach1. So, what is elder financial abuse? It is a crime that […]
Are You On Track To Reach Your Financial Goals?
Are You on Track to Reach Your Financial Goals? Many people set financial goals at the beginning of each year. A new year feels like a fresh start, and it’s a great time to get honest with yourself about your finances. But have you checked in on those goals lately? October is Financial Planning Month. […]
How To Avoid Online Scams
How to Avoid Online Scams As America ages, we are seeing a significant rise in fraudulent financial exploitation or financial abuse against the older generation. Criminals have discovered that the elderly are a particularly productive path to easy ill-gotten gains. Some research sources estimate that these crimes defraud victims of an annual loss of more […]
How to Talk to your Adult Children About Financial Planning
How to Talk to Your Adult Children About Financial Planning Broaching the topic of personal finance with your adult children may be difficult and could require a tactful approach. However, these conversations are important to have. Your children may believe they have a handle on their finances, which may be true, but many parents have […]
The Impact of Inflation on The Consumer’s Buying Power
The Impact of Inflation on The Consumer’s Buying Power Inflation is a hot topic these days. The Federal Reserve Bank has said that it anticipates that the current elevated inflation levels will prove to be transitory — or not long-lasting. On the other hand, many in the financial community are afraid that we are headed […]
Planning for College for a Child or Grandchild
Planning for College for a Child or Grandchild Planning for College for a Child or Grandchild It is no secret that paying for college is expensive, and the costs keep rising every year. Many parents and grandparents want to help as much as they can when it comes to easing the burden of higher education expenses for […]
