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
Late on November 12, 2025, the longest government shutdown in U.S. history ended after 43 days. Although there was a sense of relief for many Americans, the resolution was limited and temporary, with the potential for another battle at the... Read more
Most mutual funds are open ended, which means that the investment company can issue and redeem fund shares to meet investor demand. By contrast, closed-end funds issue a fixed number of shares in an initial public offering (IPO), and investors... Read more
End-of-life care and the death of a loved one not only carry an emotional price tag, but they might impose a substantial financial strain on families, compounding the emotional challenges that come with losing a loved one. Considering the true... Read more
In investing, “time horizon” refers to the amount of time you have to pursue a financial goal. Along with that goal and your tolerance for risk, your time horizon is one of three key factors that typically help determine the... Read more
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