Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment.
Many families consider the cost of sending their kids to college to be a crushing financial burden—and it’s not hard to see why. According to the Education Data Initiative, the average cost of attending a 4-year in-state institution is now up to $27,146 per year. Attending a private nonprofit college costs an average of $56,628, all-in—but that can be misleading. Private college students receive an average federal grant of just over $5,000. Moreover, a recent study found that tuition discounting rates are at an all-time high; the average tuition discount last year was 56.3% for full-time...
Navigating the profound emotional distress of losing a spouse is an undeniably overwhelming experience, during which complex federal tax codes are rarely a priority. Yet, financial advisors warn that failing to understand a shifting tax landscape...
Walking through a suburban open house has become a stark lesson in...
The U.S. stock market maintained its powerful upward momentum through...