Helping adult kids without harming your own financial future

Would you be willing to delay your retirement to help your child pay for their first car, college education or wedding? Increasingly a lot of Americans say the answer is yes. According to a recent study publish by Ameriprise Financial, 1 in 3 parents say they have delayed or are willing to delay their retirement…

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What’s new for Social Security in 2020?

With the new year upon us, those who collect Social Security or pay into the public retirement program through payroll deduction will see some changes. The Social Security Administration makes cost-of-living adjustments on an annual basis. Here’s how the changes may impact you: For those receiving retirement benefits If you collect Social Security benefits on…

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Financial Planning Considerations For Adults Without Children

Adults who do not have children tend to have more financial flexibility to pursue their goals throughout life and retirement. This makes sense when you consider the cost of raising a child from birth to adulthood is currently estimated at $233,6101 (and that’s before you factor in college). But even without these expenses, childless singles…

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How to Create a Wedding Budget You and Your Finances Will Love

If you’re planning a wedding – whether it’s your own or your child’s – and haven’t been paying close attention to the wedding industry, you may experience sticker shock as you begin calculating costs. An average American wedding costs the newlyweds and their families just under $34,000 — and that’s without the honeymoon tab.1 Here…

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Five Tips to Manage Your Finances When One Parent Stays at Home

Almost one-in-five American families with children have one parent stay at home, according to an analysis of U.S. Census Bureau data from the Pew Research Center.1 Some families make a conscious choice to transition to a household with a stay-at-home parent, while others experience a job loss or underemployment. In either case, becoming a one-income…

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How to Be a Smart Home Buyer in A Seller’s Market

Buying a home for the first time in some U.S. markets is becoming increasingly challenging. In competitive housing markets, the supply of available homes is tight, which means sellers often have the upper hand and home prices are rising above what is typically considered their fair value. If you are contending with a seller’s market,…

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