What is... Read More
In terms of adult development theory, life after 50 is typically a pivotal stage when individuals rethink the direction their lives are taking, confront their own mortality, and dare to ask themselves, “Am I really happy?” However, what distinguishes Baby... Read More
A perennially hot topic in personal finance is the debate over whether to buy or rent a home. Today, my point of view is likely a minority one. I believe you should seriously consider owning your home.
This is a significant issue. For most people, housing... Read More
Life is a continuum—an accumulation of experiences that shape how we view ourselves, our families, and our world. When we reflect on these experiences, we come to realize that our lives have been—and will be—permeated by change.
Therefore, it is... Read More
Financial capability is defined as the capacity—based on knowledge, skills, and access—to manage financial resources effectively.
All parents, of course, hope their children will grow up to be financially responsible, savvy, and confident adults. ... Read More
Alan Spector and Keith Lawrence wrote Your Retirement Quest based on a decade of research and interviews with more than 200 retirees. For more about Alan and... Read More
I recently got a new smartphone. In the setup process, I was presented with all sorts of options. Selecting a language was pretty easy, but I had to think harder about some of the other ones. Did I want the phone to use my location? Did I want to share data... Read More
One of the most important things parents can teach their children about money has to do with the delay of gratification. If children can only be satisfied with instant... Read More
Over the past several years, many Americans have begun to question their ability to prepare for a financially secure retirement. This awareness now begs the question, how will pre-retirees adjust their retirement expectations to match their economic realities?
... Read More