When you think about your childhood, do fond memories of family vacations flood your mind? There’s been a resurgence of family vacations – multigenerational trips where parents, adult children and even grandchildren plan an adventure together.
Family coach and author Roy Williams surveyed more than 3,000 families and found that over 90% of family wealth transfers fail by the end of the third generation. But in this context, what does “fail” really mean?
Managing debt can feel overwhelming, but it’s a crucial step towards financial stability. Whether it’s credit card debt, student loans, or a mortgage, understanding how to handle your obligations can make a significant difference in your financial health.
An emergency fund is a financial safety net designed to cover unexpected expenses or financial emergencies. It typically consists of liquid assets that can be easily accessed when needed. Having an emergency fund is crucial for financial stability as it helps individuals manage unforeseen expenses without derailing their long-term financial goals.
With the cost of higher education rising, it’s important to determine how you and your family will fund it. There are several options to consider, each with their own pros and cons.
No matter your child’s age, it’s never too early to start saving for their education. Time flies, and their college years will be here before you know it. So start planning today.
Nobody wants to financially erode the portfolio they’ve built by making risky choices at the wrong time. You spend nearly half of a lifetime working hard to prepare for a secure retirement, so no wonder it isn’t easy to convince yourself to embrace risk. As vital as wealth preservation is, especially when nearing retirement, returns are still an important consideration.
Even in a seller's market, selling a home can be a difficult task. As a result, you'll want to do your homework ahead of time to ensure that you will be able to sell your home quickly and at the best possible price.
Scam artists often prey on those who are most vulnerable. Unfortunately, this includes individuals who have recently lost a loved one and are easily taken advantage of during their time of grief.
