Articles
As you move through different stages of life, you will face new and unique financial situations. Did you just get engaged? Perhaps you are wondering how you and your partner are going to manage your money together. Do you have children? Maybe you are looking for ways to pay for their college education.
When you navigate through these various life events, you might seek professional guidance to help you make sound financial choices.
There is no magic formula to determine how much you or your child should borrow for college. But there is such a thing as borrowing too much. How much is too much? One guideline is for students to borrow no more than their expected first-year starting salary after college, which, in turn, depends on a student's particular major and/or job prospects.
The idea of estate planning can be daunting. Even the term itself is intimidating. If the prospect of consolidating your assets into a series of complicated legal documents while directing the right assets to the right heirs seems daunting, you're not alone. And you don't have to go it alone.
A financial crisis can be scary at any age, but this is especially true when you're in your 40s or 50s. Perhaps you're way behind on saving for retirement or have too much debt from unnecessary spending. Or maybe an unexpected challenge, such as a job loss, illness, or break from the workforce for caregiving responsibilities, took a direct hit on your finances.
Planning is crucial in every step of your adult life. Now, that’s not to say that everything will go to plan or that your plans will even stay the same. The point being, if you give yourself the proper framework, even with some flexibility, you stand a better chance of making good on your life’s ambitions.