When you retire, how much of your retirement savings can you withdraw each year without running out? One of the general guidelines is the 4 percent rule, but it’s important that you treat it as just that: a guideline.
2 min read
Is the ‘4 Percent Rule’ for Retirement Still Valid?
Topics: Retirement Planning Financial Planning Retirement Financial Security
1 min read
4 Daily Tasks to Help Individuals Master Finances
Becoming financially stable is a process that takes hard work and persistence; nobody goes from drowning in debt to the picture of financial health overnight. Like the formation of any other good habit, it takes daily commitment and continual learning to master finances. While individuals may have a variety of unique goals, there are a few strategies that almost anyone can use to improve their financial health. Master finances by making your financial health a priority and incorporating these four habits into your daily routine.
Topics: Financial Planning Financial Literacy Financial Security
1 min read
Financial Planning Goals for Thirtysomethings
As people enter their thirties, they can find themselves facing a variety of significant life events. Planning for these experiences is critical, and folks in their thirties should take the time to create a list of goals for their financial future. Thirtysomethings run the gamut from new professionals starting their first office job to high-tier executives making six figures, and every person’s financial planning goals will be different. Whether you are just embarking on the search for your own place or you’re getting ready to have your third kid, consider these financial planning goals for folks in their thirties.
Topics: Financial Planning Financial Security
6 min read
10 Tips for a Financially Bright 2021
By LIMRA and LOMA
Topics: Financial Planning Education Debt Savings
2 min read
How Homeowners Can Save Money on Renovations and Maintenance
While buying a home is a significant expense itself, homeowners will also spend a great deal of money on renovations, additions, and maintenance after they buy. It can be easy to overspend on renovations and remodeling expenses, but there are plenty of ways for homeowners to save money. Consider these tips to help you save money when remodeling, repairing, or maintaining your home.
Topics: Financial Planning Financial Wellness Financial Security
1 min read
Personal Finance Education Basics: 3 Popular Topics to Sink Your Teeth Into
For those who are just starting to get serious about their money, delving into personal finance education is a critical endeavor. Not everyone is exposed to finance-focused lessons in school. Many of us are expected to jump right into adulthood with very little formal education on things like loans, investing, and credit. If you are just starting your personal finance education journey, consider learning more about these three topics.
Topics: Financial Planning Financial Wellness Financial Literacy
1 min read
Budget Basics: How to Save Money on Food Without Going Hungry
Aside from housing and transportation, many people find that food is one of their largest spending areas each month. Between groceries, work lunches, and dining out, food costs can be a silent budget killer. Because we all need to eat, eliminating this line item is not possible. However, there are a few ways that individuals and families can save money by cutting their food budget. Consider following these tips to save money on food — without going hungry or eating instant ramen for every meal.
Topics: Financial Planning Financial Security Budgeting
2 min read
Five Ways Spouses Can Tackle Financial Issues
Although many Americans have had to put their nuptial plans on hold, plenty of couples are still working towards their dream weddings — and everything that comes after. Any married couple will tell you that marriage is hard. It takes dedication, hard work, and love on both sides to make things work. Unfortunately, many couples struggle most with the financial aspect of their relationships. Whether you are newly married or are looking to tie the knot at a later date, discuss these five pieces of financial advice with your partner and get a head start on a financially healthy marriage.
Topics: Financial Planning Financial Security Family
3 min read
COVID-19 Is Causing Stress for Many Consumers
According to a survey released by the National Endowment for Financial Education® (NEFE®), nearly nine in 10 Americans say the COVID-19 crisis is causing stress on their personal finances.
Topics: Financial Planning COVID-19 Financial Security Emergency Savings Savings
What are the 4 biggest myths about Long-Term Care?
More and more baby boomers are becoming familiar with long-term care as they help take care of aging parents. However, there continues to be a lack of understanding about how much long-term care costs and who pays for it. Here are the facts - with an aging population, a shrinking workforce, and reduced government money for financial aid, it will be an issue that impacts everyone. Take a look at these four myths of care:
