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As a young person, you imagine you have all the time in the world to save for retirement. You live in the present with the future a mere blip out on the horizon. But time has a way of flying by, and you realize that maybe you are not saving nearly enough for retirement as you initially planned, nor will you be able to live the life after retirement you have always envisioned.  How can you be sure if you need to save more?… Read more: Are You Falling Behind? 6 Signs Your Retirement Savings Need a Boost

Those that choose to invest in the education of a family member, friend or acquaintance are investing not only in that individual’s future, but also the future of society. It is an act of generosity, forward-thinking, and love. However, this type of investment can be more complicated than initially thought. Which plan should you choose and how do you decide? Here are some key details about 529 plans and other education savings options to help you decide which plan is appropriate for you and… Read more: The Ultimate Guide to Education Savings Options: 529 Plans and Beyond

Maintaining generational wealth involves intentional financial planning, with parents or grandparents passing their wealth to loved ones after they die. But entrusting family members with receiving an inheritance is more than just passing over bank statements or sending a check in the mail. It is about understanding how to steward the hard-earned wealth that you have spent your life building.  You are not alone if you are uncomfortable discussing your… Read more: Open Conversations Lead to Lasting Legacies: Discussing Inheritance With Your Children

Passing down an inheritance can be a life-changing event and navigating the transfer of a significant amount of money and assets can pose certain challenges. Historically, inheritances don’t last. This is so common, it is described as “shirtsleeves to shirtsleeves in three generations.”i There is an oft-quoted statistic that 70% of wealthy families lose their wealth by the second generation and 90% lose it by the third.ii At the end… Read more: How a Financial Professional Can Help You Talk to Your Children About Inheritance