Perspectives & Insights Article

As we become adults, one would assume that naturally we also become more attuned to finances and how to apply that knowledge to the real world. However, that is not always the case. According to FINRA’s ongoing National Financial Capability Study, 63% of Americans are financially illiterate. Perhaps this ineptitude comes from a lack of understanding on a foundational level. An ongoing concern is that children are not receiving the education they need to make successful financial decisions and p...

It is well-known that money is the leading cause of disagreements in marriage as two individuals must come together to form a cohesive financial unit. Now that you have said “yes” to the ring…will you both say “yes” to combining finances?

The steps are predictable: Graduate from college, start your first job and then, with a few paychecks in the bank, start saving for retirement and make sure you have the necessary insurance to cover your other stages of life. But for millennials, the current generation of young adults and the largest generation in the U.S., the process doesn’t necessarily include life insurance coverage. A Gallup poll indicates that millennials are the least likely to be engaged with their primary insurer and a...

To keep or not to keep, that is the question. Good record keeping is essential to making your financial life easier and can save you money and time in the long run. But in regards to record retention, how long is too long? Some original documents should be kept permanently (think birth certificate and social security card), whereas others can be shredded after seven years (bank statements and canceled checks), and still others have much more unique retention lengths.