At their December meeting, Federal Reserve officials estimated that the U.S. economy grew 1.7% in 2025, a year plagued by uncertainty around costly new tariffs. The forecast for 2026 growth was raised to 2.3% — a significant jump from the... Read more
The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, includes many provisions that affect higher education. Here are some key changes and the implications for students, parents, and colleges. New borrowing limits and payment pause rules... Read more
With Americans contributing about $592 billion to charitable organizations in 2024, it is clear that charitable giving remains a powerful way to support the causes that matter most.1 In addition to advancing philanthropic goals, charitable donations may offer tax advantages.... Read more
“The best-laid plans of mice and men often go awry.” This famous saying, adapted from 18th-century Scottish poet Robert Burns, could apply to many aspects of life, including retirement. In 2025, four out of 10 retirees said they retired earlier... Read more
According to data from the Federal Reserve’s Survey of Consumer Finances, taken every three years, slightly more than one in five U.S. households had received an inheritance as of 2022.1 If you expect to receive an inheritance one day, these... Read more
Cash balance plans are technically defined benefit plans (or pensions) that share some key characteristics with defined contribution plans such as 401(k)s and 403(b)s. These hybrid plans have generous contribution limits that increase with age, and they are often stacked... Read more
Are you a middle-aged adult juggling raising children and providing care for an aging parent? If so, you’re not alone. Welcome to the “sandwich generation,” a growing group of people supporting both their children and elderly parents at the same... Read more
The end of the year is a time when families often gather together. Although these gatherings may keep you busy, this could be a good time to think about the future and make sure that you have correctly designated family... Read more
Many people allow their life insurance policies to expire once their children are grown. This may not be a good idea, especially if you have a mortgage or other substantial expenses and your spouse would need continued financial support. But... Read more
About 7% of U.S. companies offered unlimited paid time off (PTO) as an employee benefit in 2024, up from just 1% in 2014.1 When companies adopt unlimited PTO policies, there is no specific cap on the number of paid vacation... Read more
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