Month: May 2025

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The Real Cost of Summer Debt (and How You Can Avoid It)

Every year, Americans take on summer debt. According to NerdWallet’s 2024 summer travel survey, “Nearly half of Americans (45%) plan to take a trip that requires a flight or hotel stay this summer, and they’ll spend $3,594, on average, on these expenses. That’s over 118 million Americans spending a total of more than $424 billion… Continue reading The Real Cost of Summer Debt (and How You Can Avoid It)

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401(k) Catch-Up Strategies If You Started Saving Late

If your 401(k) balance is lagging behind where it should be, you may feel discouraged or even a little panicked.  But the truth is, we believe there’s still time to course-correct – if you take action now. According to the 2023 Protected Retirement Income and Planning (PRIP) study by the Alliance for Lifetime Income: 51%… Continue reading 401(k) Catch-Up Strategies If You Started Saving Late

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Your Partner Isn’t Saving for Retirement – Now What?

Saving for retirement is typically challenging enough when you’re doing it on your own, but what happens when your partner isn’t on the same page? Maybe they think saving for retirement can wait.  Maybe they believe Social Security will be enough.  Or maybe they’re simply overwhelmed and don’t know where to start. Whatever the reason,… Continue reading Your Partner Isn’t Saving for Retirement – Now What?

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More Parents Are Financially Supporting Adult Children: Why It’s a Problem

Supporting adult children comes at a high cost.  And an increasing number of parents are finding themselves doing just that. Here are some of the key findings of the 2025 Savings.com report: Half of parents with adult children provide regular financial assistance to their grown kids.  The average monthly support per adult child is $1,474,… Continue reading More Parents Are Financially Supporting Adult Children: Why It’s a Problem