Many babies born today in the developed world are expected to live nearly 100 years.1 Given the vast changes over the past two decades in medicine, technology and the ways we work, communicate and even entertain ourselves, it’s almost hard to imagine how different life will be in 100 years. While we won’t be around in […]
Retirement Makeover Read More »
Do you have someone in your life who is graduating this spring? The form and function of graduation gifts can be sticky territory. It’s important to consider not only the level of degree being attained but also the personal traits, interests and ambitions of new grads to ensure your gift will enhance their life. High
Graduation Gift Ideas Read More »
Have you ever thought about what you would do if a windfall dropped in your lap? It’s not that unusual. After all: The U.S. is experiencing the greatest wealth transfer in history. Nearly $68 trillion, mostly held by baby boomers, will be transferred to heirs in the next 25 years.1 Since 2018, individual lottery windfalls
Windfall Imaginings Read More »
When Putin invaded Ukraine in late February 2022, President Biden announced sanctions targeting Russian banks, the country’s sovereign debt and Russian oligarchs, warning that Russia would pay an even steeper price if it did not cease its aggression. In the early days of the conflict, European banks braced for the fallout. However, U.S. bank executives
How the Russia-Ukraine Conflict Could Affect Americans Read More »
One of the biggest economic stories of the first quarter was the rising rate of inflation, as consumer prices reached a 39-year high by the end of 2021. In the first quarter, the inflation rate floated around 7%. Higher prices tend to hurt low-income families the most since the majority of their spending is on
Consumers: Buying Power in 2022 Read More »
Part of the retirement planning process is realistically imagining what you want your life to look like. Bear in mind that you’re really only planning for the first chapter of retirement — the one where you travel, pursue hobbies and spend more time with family and friends. If you have a partner, it’s important to
Household Budgeting for Retirement Read More »
About nine out of 10 people over age 50 say they would prefer to remain living at home throughout their retirement, and some geriatric experts observe that doing so can help seniors stay mentally and physically fit.1 And yet, planning to “age in place” is more complex than it may first appear. You need to
Thoughts on Aging In Place Read More »
In late November, the National Association of Realtors (NAR) reported that home sales could reach a 15-year high in 2021, in excess of 6 million existing homes sold. And despite rising interest rates on mortgage loans, the activity does not look ready to recede yet. In all the major regions of the U.S., homebuyers continue
The State of Real Estate Read More »
It is interesting to evaluate how various economic events throughout time affect different demographics. For example, the 2007-2009 Great Recession saw higher losses in male-oriented jobs, such as construction and manufacturing. The pandemic-induced recession of 2020 was quite the opposite, affecting women to such a degree that the event spawned the term “she-cession.”1 There is
America’s Seesaw Wealth Read More »
This past August, close to 4.3 million Americans quit their jobs — the most ever in just one month (since the government began collecting data two decades ago).1 But there isn’t just one reason people are quitting their jobs. There are dozens. Some who had to juggle care for children or elderly relatives have chosen caregiving
The Rise of the Unicorn Read More »
