As we turn our calendars from the hot summer to temperate fall months, risk assets have started to cool with the weather, with volatility re-emerging in markets. Equities began the quarter by continuing their upward trend and breaking through record highs, driven by a dip in interest rates and robust corporate earnings reports.
Investors will often ask me whether they should have a taxable investment account, especially when that investor is evaluating the overall tax efficiency of their investments and corresponding accounts.
The United States has a financial literacy deficit. According to FINRA’s 2018 State of U.S. Financial Capability Study, 53 percent of Americans say that thinking about their finances makes them anxious, and 44 percent feel that discussing their finances is stressful.
As your kids prepare to head #BacktoSchool, it’s a great time to teach them about good money habits!
When Financial Fitness for Life works with an employer that has the option of using a Roth 401(k) within their retirement plan, employees will often ask us: “Should I make contributions to a Roth IRA or Roth 401(k)?” While both of these accounts can provide...
Summer break is a great time to begin adding age-appropriate chores to your children’s schedules and, more importantly, to introduce them to some basics around how to earn, save and spend their hard-earned dollars.
Essentially treading water for the first half of the quarter, markets found their footing and finished positive across every major asset class. Continued vaccination success, massive amounts of fiscal and monetary stimulus, solid economic activity, and earnings acceleration all contributed to the investor optimism that witnessed the S&P 500 deliver positive quarterly results for the fifth consecutive quarter, which is the longest consecutive streak since the nine-quarter stretch that ended in 2017.
Financial wellness continues to be one of most frequently discussed topics in the retirement plan consulting and advisory world. Financial stress affects almost half of the US population and is present in virtually every workplace. A successful financial wellness program can be extremely beneficial for both employer and employee in dealing with this stress. That said, there are several key components that a program must include to provide impactful, lasting change.
Leading up to the start of the COVID-19 pandemic, a study from MassMutual spotlighted the significance of employers offering financial wellness programs to their workforce, noting that implementation of these programs was expected to nearly double over the next few...
It is no secret that financial stress has a significant impact on mental health, productivity, turnover and absenteeism in the workplace. By some estimates, pre-pandemic financial stress cost US businesses upwards of $500 billion per year. Lost productivity, turnover and other factors related to stress cost the average company between 11-14% of their total payroll expense.