Thoughts & Shared Wisdom
According to a study released by the Transamerica Center for Retirement Studies, nearly half of all women have no retirement strategy! Women fall significantly behind men in their retirement planning. This is especially true in the Baby Boomer generation, as they tend to depend on their husbands to handle the family finances.
April is an important month for me. First, it is Financial Literacy Month. Watch your email, our website and the KFSG Facebook page for some great pieces on financial planning and teaching your children the importance of managing and saving money.
Move Beyond the Familiar – Try Something New!
Most people make sure they have enough money to pay their bills – the mortgage, car, telephone, credit card, and other payments – each month. However, they often forget to write the most important check. Whether you are a teacher, a professional athlete, a student, or a business owner, the name on the first check you write each month should be your own.
Should parents pay for their child's college education? The message you send can be a lesson in itself.
Until recently, many retirees have been able to rely upon the three-legged stool of retirement income sources: A defined benefit pension plan that guarantees a lifetime income, their own savings, and Social Security.