Purpose-Based Planning

Charitably minded? Donor-advised funds (DAFs) offer individuals a cost-effective and flexible way to incorporate charitable giving into their estate plans. A DAF is established with a charitable organization, allowing donors to contribute various assets while retaining advisory privileges over fund distribution and investment.

You might be familiar with lists claiming to reveal the secrets to success, such as those detailing habits of successful entrepreneurs or traits of millionaires.

Retirees often include visits to national parks on their bucket lists, and the National Park Service helps to cater to retirees by offering discounted passes for seniors aged 62 and over.

Retirement is more than just relaxation; it’s about cultivating daily habits that lead to happiness and fulfillment. Truly happy retirees understand this and focus on simple routines that make their golden years truly golden.

Retirement is a complex journey comprising various phases, each with its own challenges and rewards. Financial planners categorize retirement into three basic phases: early active, settled, and late retirement.

Life is often perceived as a journey of continuous progression toward an expected end, with distinct phases delineated by Carl Jung.

Life transitions are inevitable and can include both positive and challenging events such as marriage, parenthood, empty-nest syndrome, and retirement. These transitions impact us physically, emotionally, socially, and psychologically.

There is a growing movement to eliminate 401(k) retirement plans due to questions about their value, with scholars on both sides of the political spectrum raising concerns.

Did you learn about money growing up? The author of this article did not. While noting a lack of financial education during their formative years, they highlight the importance of financial literacy and the consequences of not having it.

Marcus Tullius Cicero, an influential figure in ancient Rome, is one of the most well-known Roman philosophers. Despite being born into wealth, he practiced frugality throughout his life and applied it even during his governorship of the Roman province of Cilicia, gaining popularity among the locals.

Pondering how to manage your money during retirement? This article provides steps for a money management plan and spending.

Higher yields shake up retirement planning big time! They impact annuities, long-term-care insurance, and Social Security decisions. With higher yields, annuity payouts shoot up, making them a hot pick for retirees seeking steady income.