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Podcasts are a dime a dozen these days. From pop culture to sports to parenting, you can find a podcast on just about any topic or genre of interest. For now, let’s turn our attention to finance. Apple Podcasts boasts pages upon pages of finance-related audio content, but which are worthy of your time? Below we highlight the 7 best finance podcasts to add into your rotation.
College can be expensive. In fact, tuition inflation over the last decade has averaged 4.635%. Education planning is now a long-term financial consideration for many families and the 529 plan has become the default choice for those that want to save for college.
This blog was updated in August 2022 for relevance.
Regardless if you are an experienced fiduciary functioning as conservator, an executor working to close a family member’s estate, or a new trustee for a close friend’s trust, the process of locating and marshaling assets can be challenging.
Let’s assume you’re in the market to partner with a financial advisor. Finding a good financial advisor who successfully meets your financial needs is comparable to finding the right hair stylist who considers your face shape during haircuts or a dental hygienist who remembers you have sensitive gums. It’s not always an easy process and there will likely be some trial and error before landing on the right one. But once you’ve landed on a few candidates one of the first qualifying questions should be around their compensation structure and whether they are a fee-only financial advisor or fee-based.
If you are in the process of estate planning, naming a trustee and successor trustee is a critical piece of the puzzle. In their role, a trustee is legally responsible for the assets held within the trust. They assume fiduciary responsibility, which means the actions and decisions they make should be in the best interest of the trust. Acting as trustee is no easy feat, the duties and responsibilities of a trustee are often complex and time consuming, so it goes without saying naming the trustee of your trust is a decision that should be carefully considered.
When considering the title of this article, your first thought might be “investing is investing”. However true that may be, it is also important to consider unique differences for women investors when developing financial strategies. In the next decade it is believed that an estimated $30 trillion in financial assets could be in the hands of women. In our current environment of shifting wealth and global transformation, the time is right to plan for the future for such an important aspect of our population and economy: women.
Developing a healthy habit doesn’t happen overnight. Experts estimate it can take anywhere between 18 to 254 days to form a new habit and implement that habit into your daily behavior. In terms of developing healthy financial habits, that 18-254 day timeframe could mean the difference between savings hundreds and saving thousands.
Achieving a Better Life Experience, or more simply titled ABLE, and the ABLE Act offer a tax benefit specifically designed for savings and investment plans for special needs individuals. For families with special needs children, establishing an ABLE account allows you to save money on disability-related expenses, such as housing and transportation, without risking disability benefits. But, what is an ABLE account in terms of qualifications and investment options? We highlight the need-to-know specifics of ABLE accounts below.
If you haven’t yet considered your financial future, now is the time. Ideally, you should begin preparing for retirement as soon as you start earning a paycheck, but with so many investment options and risk factors it’s not always easy to distinguish what is the best retirement account for me.