Bruce Helmer and Peg Webb
Picture this: You're at the hospital. You and your loved ones are hovering around the nursery window staring down at the newest member of your family. She is tiny, sleepy and perfect. One of your first thoughts is that you want to protect and provide for her as she grows up. Down the hall, another family is saying goodbye to a grandparent who has lived a long, happy life. They will soon be thinking about how to move on. Now, an altogether different scenario. You're packing up the final boxes from your desk. Your
What do you imagine your life will look like when you're 70? Or 80? For many people, those years are reserved for relaxation and spending time with family in their own homes. Unfortunately, that picture will be different for many of us. Whether it's from a physical or mental incapacity, new data suggest that over half of people turning 65 will need extended medical care in their lifetime. Currently, there are 12 million people in the United States who are dependent on long-term care. That number is set to double by 2050.
Halloween is just around the corner. People of all ages will be dressed up as ghosts, ghouls and gremlins, but what about the spookier aspects of your finances? It's important to take a look at what sinister behaviors are playing a role in your financial life. We've laid out our four step process to exorcise your financial demons for good. Step 1: Identify your demons
It's possibly the last thing you were expecting at this stage in life, but a layoff has left you without a job as you close in your retirement years. So now what? These should be some of your first steps if you unexpectedly lose your job at 60. Take a hard look at your financial situation One of the most important things you can do is to examine your finances. Hopefully, you've got about six months' worth of living expenses set aside in an emergency fund to help give you some breathing room.
Talking about money with your spouse or family isn't always an easy thing to do. We'd much rather talk about our jobs, hobbies or other interests than get down to the nitty-gritty details of our personal bottom lines. However, if you're trying to stay on top of your finances, these conversations are necessary. It's best to have these conversations early and often. To help get the ball rolling, we've got a list of the most important questions to discuss to make sure you and your spouse are on the same page. Where does all the money go?
When thinking about saving for the future, it's easy to want to save for the most exciting things, like a new home, big vacation or new car. But it's important to think about your true needs when putting money away. Putting money away for needs now can help you better appreciate, and enjoy, the more appealing wants in life.
While aging was once thought of as a negative thing, a study by the Centre for Economic Performance at the London School of Economics found that, on average, people's happiness peaks at ages 23 and 69. At 69, nearly 70 percent of Americans are also retired. Today, we hope to give you the keys to make sure your retirement years are the happiest years of your life. Know what you want out of retirement
We love fall. We love the chilly mornings, feeling snug in wool sweaters and blankets. Of course, when the clock strikes noon and the temperature has reached 77 degrees, we're sweating—and we vow to plan better for next time. After all, fall is a planning season. The change in temperature not only signals a rearrangement of our closets but also reminds us to organize our financial systems. Here's what's at the top of our fall financial to-do lists: 1. Shop (wisely)
With the 2017-18 NFL season kicking off this weekend, we're sure to see our fair share of fumbles across the league. After all, these pros are just getting back to work playing in front of sold-out crowds in games that actually count toward their postseason goal. With that in mind, we thought we'd review four financial fumbles for you to avoid. 1. You don't have a game plan.
If you're a frequent consumer of financial media, you likely understand the benefits of having a diversified portfolio. Even with all the coverage, though, there still is some fundamental confusion about the topic. To help clarify the benefits and purpose of being diversified, we're tackling three of the most common misunderstandings about portfolio diversification. Diversification doesn't totally protect you from any and all risk.