Blogs

Experts across the United States are increasingly worried that people’s savings and investments won’t be enough to last through retirement. Financial wellness holds the keys to a long and prosperous retirement, but you must know how to achieve it. But what is financial wellness? How easily can you attain it, and how might best practices differ depending on your age? Understanding the Potential Retirement Crisis Americans are facing a multi-faceted retirement and savings crisis that has many experts worried. Those on the verge of retirement may not have enough between their savings and Social...

The Federal Trade Commission (FTC) recently released a report of the top reported consumer frauds of 2022. The most frequently reported frauds involved imposter scams, with the vast majority of the fraudsters having contacted their victim by phone call or text message. Imposter scams can take many forms, including posing as government agencies, well-known companies, your bank, and even a family member or friend. These scammers impersonate someone else to gain access to personal information or trick victims into making cash payments. The FTC received reports on over 5.2 million cases of fraud...

Most high-net-worth individuals (HNWI) aren’t just sitting on a pile of cash. They’re investing, buying, selling, and exploring ways to grow their wealth through new ventures. The best part? You might classify as an HNWI without even knowing it. Wealth is a loaded word. So, let’s unpack what ‘wealth’ means for today’s high-net-worth individuals. What metrics classify them as such? And what moves can they make this year to enshrine their wealth for future generations? Why You Might Be a High-Net-Worth Individual Without Knowing It It sounds ludicrous. How can someone not realize they’re a high...

Seeing your child graduate is an emotional experience, and you’ll feel some nostalgia for their younger years. The right family financial guide can help give your new grads what they need to set themselves up. Read more on how you can set them up for success. If you're a parent, a family financial guide can help you prepare your kids to transition into adulthood. It's time for your role to shift as your child becomes a young adult. It’s a bittersweet moment, but your wisdom and support are needed now more than ever. The ins and outs of investments and savings are critical lessons to teach...

Building and sticking to a robust financial wellness checklist is the best way to assess your situation. Are you looking to review where you are with your finances? Wary of your financial fitness and how you stack up? Use this list to check your financial health today. The start of a new year is the perfect time to reflect on your financial situation. Whether you’re saving for a big purchase, planning for retirement, or reassessing your budget, a financial wellness checklist can show you where you stand. According to a recent survey by the National Financial Educators Council (NFEC), lack of...