How do 529 plans and Coverdell education savings accounts compare when saving for education costs? Definitions A 529 plan is a tax-advantaged savings vehicle that let you save money for the education expenses of a named beneficiary, such as a child or grandchild. There are two types of 529 plans: savings plans and prepaid tuition […]

Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share with them key financial, medical, and estate planning information. An awareness of important information, and knowing where to locate […]

After spending so much of your life saving for retirement, it may be challenging to transition from depositing funds to withdrawing them. You may wonder whether there is any way to maintain your lifestyle and preserve your wealth to pass down to your loved ones. It might be worthwhile to do some careful planning and ongoing maintenance. Here are three tips that may help you preserve wealth after retirement.

Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change.

Age plays a role in many aspects of life, and business is no different. Unfortunately, many have a perception of youth being something essential when it comes to succeeding in business. However, history has shown that this is hardly the case. In fact, in many examples, the older generation has an edge over younger workers, including those trying to tackle the world as entrepreneurs. So if you fancy yourself an ‘olderpreneur,’ below are a few ways you can use your age to your advantage in the always competitive business world.