When the fourth quarter reporting period ended, the earnings growth rate finished up 4.3%. Despite the Fed raising rates eleven times between March 2022 and July of 2023, the economy defied predictions and continued to grow. One can argue that the economy would continue to grow, at a modest pace, even if the Fed kept their current level of 5.00% to 5.25% through the remainder of the year.
Monthly payments differ substantially depending on when you start receiving benefits. The longer you wait (up to age 70), the larger each monthly check will be. The sooner you start receiving benefits, the smaller the check. There is no single “right” answer to the question of when to start benefits.
Many Americans are making financial decisions with minimal financial knowledge of investing, budgeting, and credit. Financial success rarely happens by accident; it is typically the outcome of a journey that starts with education. The more informed we are, the more informed our financial decisions may become.
Recent data shows that nearly 74% of teens desire to be financially literate, and 86% want to learn how to invest. It all begins with a frank conversation regarding finances. Children who are taught personal finance from a young age are more likely to secure lower-cost loans and grants when paying for college and less likely to rely on private loans or high-interest credit cards.
How can you draw retirement income from what you've saved? How might you create other income streams to complement Social Security? Women have longer average life expectancies than men and may require significant periods of eldercare. As you face retirement, a financial professional who understands your unique goals can help you design an approach that can serve you well for years to come.
Women who share money management duties with their partner tend to take on a lion’s share of the responsibility for the household finances. Yet only 18% of women feel very confident in their ability to fully retire with a comfortable lifestyle. Women need to keep one eye looking toward retirement since they may live longer and could potentially face higher healthcare expenses than men. We specialize in providing personalized financial guidance that aligns with your unique goals and aspirations.