Posts Tagged ‘family’

Couples: 5 Tips for Surviving Self-Isolation Together

The stresses of self-isolation are wearying everyone as we shelter in place to beat back the coronavirus. Here are some tips on how to manage better, especially in protecting the relationship with your spouse or partner. Battling coronavirus has put most of us into self-isolation for weeks now. And it may feel like years. For…

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Using IRAs to Help Children in 5 Easy Steps

Can children have IRAs? There is no minimum age for having an IRA. Due to the power of compound interest, saving tax-free in an IRA from childhood can provide a significant head start on financial security. Saving $5,500 in an IRA annually from age 14 through 24 and earning 7% per year provides $1.06 million…

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Financial Considerations of Widowhood

Losing a spouse is never easy and a difficult topic for many to even imagine. But when you become a widow or widower, moving beyond the grief to address important financial items in your life is essential. Whether you recently lost your loved one or you need to prepare for the road ahead, here are…

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The Unique Financial Needs for Multigenerational Families

Financial lives are inherently complex and require thoughtful perspectives and strategies for you and your loved ones. Multigenerational households pose additional challenges to heads of households. A multigenerational household has two or more adults from different generations.[i] More than 60 million Americans live in multigenerational households, comprising 19% of the population.[ii] Living in a household…

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Looking to Retire Closer to Your Grandchildren?

As retirement approaches, many couples start thinking about moving. Nearly two-thirds say they plan to move or will move when they retire. Retirees consider moving for several reasons, including the financial benefits (smaller house) and to be closer to family (grandchildren, in particular). However, moving can get expensive and complicated. Here are some tips to…

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