Longevity is often cheered as an achievement, but the downside of living well beyond one's average life expectancy is that it can strain (or worse, completely deplete) an individual's financial resources.
Accumulation is a key facet of reaching your retirement goals. However, we tend to see far less about portfolio drawdown, or decumulation—the logistics of managing a portfolio from which you're simultaneously extracting living expenses during retirement. This can be even more complicated than accumulating assets.
Is your child hurtling toward college but you haven't given more than a few anxious thoughts to how you're going to pay for it? School is drawing closer and tuition projections seem to grow more outlandish by the year. Avoiding the issue won't make it go away, and the sooner you tackle it, the better off you are. Read on for some tips.
The arrival of a baby is an exciting event, but it also brings additional financial challenges and decisions for the whole family. Outlined below are four key financial considerations to help new parents prepare for many of life's unknowns.
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