Five Financial Planning Tips for LGBTQ+ Couples

14 Jun

June is Pride month. Here are some tips on planning for your future.

Sometimes the hardest commitment couples make is to join their finances. After all, money matters encompass a host of sensitive personal issues including values, goals and priorities, which is why it’s vital to be on the same page as your partner.

Many LGBTQ+ couples find themselves with an even more complex web as they navigate finances unique to their situation. More>>

The Gender Divide

26 May

A MAN AND A WOMAN WALK INTO AN ADVISOR’S OFFICE …

No, it’s not the setup of a well-trodden joke. In fact, the difference in treatment that male and female clients receive is far from humorous.

While many financial advisors claim or even believe they treat all clients equally, regardless of their gender, studies show a significant difference in the way advisors work with men and women. The culprit for this inequitable treatment? Unconscious, or implicit, gender bias. More>>

How Much Disability Insurance Do I Need?

3 May

There is no one-size-fits-all answer for how much disability insurance a person needs. That’s because that number is dependent on many personal factors. That said, an easy way to get an idea of how much disability insurance you would need is to do this calculation: More>>

5 Ways to Become More Financially Literate

26 Apr

The term “financially literate” means understanding how to manage your money – from debt management to saving and investing, to preparing for retirement. The more you know about how to handle your finances, the better decisions you’ll be able to make in the present and for your future. But how do you get up to speed? In honor of April being Financial Literacy Month, here are 5 tips that you can use right away to improve your financial literacy. More>>

How to Find Opportunities During Difficult Times

21 Apr

No one would say going through a pandemic is easy or recommend it as a best business practice. Yet, it happened. To everyone. Our world changed, and it didn’t always feel like “we’re all in this together” as we sheltered in place and clients wouldn’t step foot in your office or in your seminars.

Yet despite everyone’s collective and individual struggles, many MDRT members found spaces to rebuild and realign. They saw areas for improvement or revision that may have always been there but could now be seen better. To help you see some opportunities in your business, read what MDRT members from around the world had to say about how they changed their business during the pandemic. More>>

Is Financial Literacy on Your Teen’s Schedule? Here are the Skills They Need to Know

19 Apr

If you’re the parent of a teen, you probably remember back “in the day” when life skills, including financial literacy, were part of the high school curriculum. Many parents are surprised to learn this vital topic is not even on the schedule anymore in most schools; in fact, the advocacy organization Next Gen Personal Finance finds that fewer than 20% of high school students are required to take even one semester of personal finance. That’s why it’s imperative for parents to step in to cover some basic concepts. Here are four discussions to have with your teens that are just as important as other life skills, such as teaching them how to drive or do the laundry. More>>

Preparing for Spring Expenses

12 Apr
Spring is almost upon us and that means a return to warmer weather, outdoor activities, and new responsibilities and expenses to consider. To make sure you’re prepared and so is your budget, here are four big financial considerations to prep for this spring. More>>

Ways To ‘Celebrate’ Financial Literacy Month (That Don’t Cost Anything)

5 Apr

April is Financial Literacy Month, a time to help Americans raise their education on finances so as to avoid making costly mistakes. While it might seem like a strange topic to “celebrate,” the more education you have about finances, the more equipped you’ll be to make smart decisions and even grow wealth. More>>

Many Americans Now Aspire to Retire by 55

29 Mar

Full-time retirement is making a resurgence at an earlier age with one third (38%) of current U.S. pre-retirees[1] currently under age 54, and an estimated 11.5M households with breadwinners under age 55 saying they “Aspire to Retire by 55,” according to a new report by Hearts & Wallets, the research and benchmarking firm that specializes in how consumers save, invest and seek financial advice. More>>