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The inheritance expected from baby boomers to younger Americans keeps getting bigger. One research group's estimate is already 45% higher than it was three years ago....
"Sam" is 58 and he retired at the end of the first quarter of 2024. His wife, "Alice," is 65 and still working as a paid caretaker for the couple's son with special needs. Sam has $400,000 in a Roth I...
Learn how to tap into the soul of wealth to build a life that breeds happiness and purpose in this episode of “Retirement Revealed” featuring Dr. Daniel Crosby....
Health savings accounts could be the most underutilized wealth-building tool out there. Here’s who should use them and how to maximize their benefits....
These 12 year-end tax tips for retirement will help you minimize your 2024 taxes and reduce future tax bills. The post 12 Year-End Tax Planning Strategies to Keep More 2024 Money and Prepare for Futur...
Feeling grateful creates a sense of abundance and that has powerful wealth building powers. Learn how. The post Think Abundance and Be Grateful: The Secret Mindsets for Building Wealth appeared first ...
A business founder with mental illness can destroy the business. Sometimes it is in combination with cognitive decline. Outside professional advice is imperative....
If Black families wrote wills at the same rate as white, how much would it help? Having a will is really important. In the absence of a will, a decedent’s assets are distributed according to sta...
This paper examines the persistent racial wealth gap between Black and White households in the United States, focusing on the disparity in will-writing rates as a contributing factor. Despite attempts...
The gap in wealth between Black and White households has plagued the United States for more than a century. One reason for the lack of progress may be a disparity in will-writing by race – Black...
As an investor, it’s essential to understand that risk assets come with no guaranteed returns. Setting and following a stop loss can help protect your capital from significant losses, especially...
For 499 episodes of YMYW, Joe Anderson, CFP® and Big Al Clopine, CPA have been making fun of finance. On episode 500, we’re celebrating The Top Funniest Moments From the Your Money, Your Wea...
Buying compact discs (CDs) used to be a thing. That’s how we bought music back in the 1980s and 1990s. Most of you remember. I spent a few thousand dollars on CDs throughout high school, college...
Discover how radical optimism can reshape your personal finance approach—from embracing uncertainty to anticipating the future—and unlock sustainable wealth and well-being. The post Radica...
Even as women play catch-up because of the gender pay gap and caregiving responsibilities, they're winning financially....
Over 50 sessions will cover topics including investments, compliance, marketing, sales, and…...
In addition to handling your financial wealth, consider ways to manage your non-financial assets: health, knowledge, time and relationships....
Gen X is stuck in the middle of kids and aging parents, but retirement's not far off. Time to prioritize, with help from Nirvana, The Eagles and David Bowie....
Seventy-four percent of Hispanic and Latina women and 69% of Black women credited building…...
The latest news from The Retirement Planning Group, 401GO, and Northwestern Mutual...
James responds to listener Jerry’s question about the optimal time to distribute inheritance or charitable gifts: before or after passing away. James walks listeners through four important thing...
The story of dwarven king Thorin Oakenshield in J.R.R. Tolkien's classic novel perfectly illustrates how the relentless pursuit of wealth can undermine the fulfilling experience of true riches....
I remember being a broke college student during my senior year at The College of William & Mary. A group of us gathered at the Spanish House, the language immersion dorm where we lived, to brainst...
In this episode, we unpack Vice President Kamala Harris’s ambitious plan to lower housing costs, which would be funded by adopting Senator Elizabeth Warren’s sweeping estate tax overhaul. ...
Corporate Transparency Act filings are due soon. Can your CPA or wealth adviser help you without committing the unauthorized practice of law?...
Learned helplessness can sneak up on you and impact your ability to make the good financial decisions. Learn how to spot and overcome it. The post Learned Helplessness: Is it Impacting Your Wealth? Se...
Answering reader questions about how to help your kids build wealth by funding Roth IRAs, HSAs, and 529s; using brokerage accounts to get an attractive yield on cash; and making sure you get your full...
I’ll never forget when I was in the final two weeks of my career, making the rounds to say goodbye to colleagues and thank those who had been part of my journey. During one of those conversation...
Since I purchased my house in October 2023, I’ve been feeling broke. I’m living paycheck to paycheck to cover my bills and fund venture capital calls. In fact, even after realizing I had m...
The potential theft that concerns me is hacking theft/fraud of investment accounts and property titles. I have two-factor authentication on every kind of account I have, including banking and investme...
Trusts designed to protect wealth sometimes backfire and harm heirs....
The economy is in a rough place right now, and everyone is feeling it. And yet, social media would have ... Read more...
Starting at age 45 in 2022, I consciously started focusing on decumulating wealth. I realized that my life was likely half over, and I needed to start spending more to prevent dying with too much mone...
We’ve been so focused on the length of retirement and not running out of money that we’ve neglected the quality of the existence we’re sustaining financially....
To prepare your children to take over your family's financial legacy, teach them about money as if they were interns on the path to senior management....
In a refreshing take on physician wealth-building, Dr. Jordan Frey from The Prudent Plastic Surgeon cuts through the noise and ... Read more...
Deciding who you want to inherit your wealth, as well as when and how, is a crucial first step in estate planning. Here are the four beneficiaries to keep in mind....
With retirement, each generation has different priorities and challenges. For Baby Boomers, it's a matter of ready or not, here it comes....
There is a misconception in society that all doctors come from wealth. And while I can understand where that comes ... Read more...
Even — or especially — for financial planners, retiring isn't easy. Here's how to let go of the business and embrace what comes next....
As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E ratios, debt/equity ratios, EV/EBITDA ratios, interest coverage rati...
Hard work is a value in our society but it can interfere with health. We need to make changes now to have a healthy retirement. See how....
The Great Wealth Transfer is happening now, but maybe not entirely in the way you think. Aging Boomers are living while giving multigenerational travel experiences....
When you think of “Wealth,” what comes to mind? If you’re like most people, your first thought is of financial wealth. Money, houses, possessions, “stuff.” If that was yo...
Formulating a one-time, bulletproof financial plan would be incredibly simple if you could supply an advisor with just two pieces of information: exactly how much money you're going to spend every sin...
Becoming aware and fully understanding which tax-saving strategy fits your needs is important in maximizing your retirement wealth. Minimizing taxes in retirement can be tricky. Below you will see a b...
If you want a happy retirement, it's critical to pay attention to these 'sins' — ignoring even one could put your dream retirement at risk....
Renée Wilder Guerin of Retirement Clearinghouse recounts RCH Chairman Robert L. Johnson's…...
The Health and Retirement Study (HRS) is a primary source of information on retirement wealth, income, and replacement rates, but calculating these measures requires a host of methodological choices t...
Season two just ended, and main character Molly (played by Maya Rudolph) has shown us multiple ways that new heirs should and should not be like her....