10 Common Mistakes Made With Beneficiary Designations

This article originally appeared in the November 2014 issue of the AAII Journal. Estate planning truly is the ultimate gift for your loved ones. A comprehensive estate plan should always include a review of the titles and beneficiary designations for all assets. You want to ensure they are consistent with your estate planning goals. Otherwise, unintended…

 

Time to Start Planning Your Financial New Year’s Resolutions

As the calendar draws to a close on 2015, many of us will participate in an age-old tradition: drafting our New Year’s resolutions. The other tradition is to abandon those resolutions within the first few weeks of the New Year, or even sooner. However, a data from Fidelity Investment’s New Year’s Resolutions study shows that…

 

Survey: Millennials Unwilling to Sacrifice Now for Future Financial Security

A new survey from Charles Schwab indicates that an unwillingness by Millennials to sacrifice things that add to their current quality of life, and student debt, are preventing them from saving enough for their retirement. The survey covered 1,000 401 (k) plan participants broken into three generational groups: Millennials (those under age 35), Generation Xers…

 

A Mortal Sin of Retirement Planning: Procrastination

Putting off until tomorrow is jeopardizing many Americans’ retirements. According to a new survey from Bank of America and Merrill Edge, Americans are procrastinating when it comes to saving for retirement, even though the majority had set a 2015 goal of saving for retirement. According to the latest Merrill Edge Report, 59% of the 1,000 respondents…

 

Millennials and Retirement Planning

In a CNBC commentary, Evan Kirkpatrick, founder and chief executive of Wendell Charles Financial, discusses what millennials need to know about retirement planning. As of the first quarter of 2015, according to the Pew Research Center, millennials are now the largest generation in the U.S. labor force. With the explosion of “FinTech,” Kirkpatrick points out that millennials…