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teens shopping

U.S. Students’ Financial Literacy “Painfully Average”

U.S. teenagers ranked “painfully average” in a just-released world ranking of financial literacy skills. American 15-year-olds’ placed between eighth and 12th compared to over 29,000 students in 65 countries across the globe. The test scores were from the high profile Programme for International Student Assessment, or PISA, for short. “We certainly were disappointed, but not surprised,” says Ted Beck, CEO of […]

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adult kids at home

8 Tips To Keep Your Adult Children From Sinking Your Retirement

It’s almost time for you to retire.  You’re supposed to be footloose and fancy-free, enjoying life in a way you could only dream of when you were clocking in at the old 9-to-5. But there’s something between you and that long-awaited life of leisure. Something that might sabotage all your best-laid plans. Something sucking up your […]

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farnoosh tornabi

When She Earns More: How To Make It Work?

In about one-quarter of all marriages in this country, the woman is the primary breadwinner and outearns her husband or partner. Needless to say, that can change the traditional family dynamics about who takes care of the kids, makes the financial decisions, and plunks down the credit card at the end of a dinner out. For insights into this […]

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first job

Handle With Care: College Debt Dings Young Adult Wealth

$64,700 Average net worth of U.S. households headed by a young, college-educated adult without any student debt obligations. $8,700 Average net worth of U.S. households headed by a young, college-educated adult with student debt obligations. The Takeway: This confirms what we already know. Investment in higher education can be the best investment you ever make, if you […]

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college financial aid

The Secret To More College Merit Aid

Last week, our summer intern Blake Edwards wrote about how he managed to tame the out-of-control costs of out-of-state college, and reduced his tuition bills to put them on a par with in-state schools. His strategy was to apply to schools where he would place at the top of the talent pool, and admission counselors would have to […]

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college grad with parents

Breaking News! Florida Prepaid College Participants Getting Big $$ Refunds!

Have you heard the news? The check soon will be in the mail! Recently enrolled participants in the Florida Prepaid College Plan will be getting sizable dollar refunds, and future Prepaid contracts will drop $20,000 or more in price. The Florida legislature just reduced future state college costs, which impacts future and existing Prepaid contracts. Many […]

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vintage girls

How To Stop Millennial Women From Falling Further Behind

As a mother of a young Millennial daughter, there is a new study out that makes me terribly sad. To paraphrase the 1970s ad, have we really come a long way, baby? Or is this more a case of, the more things change, the more they stay the same? Wells Fargo released a study last week showing […]

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I love renting

Rethinking Renting

Last week, we did a blog story about the pros and cons of buying versus renting. What made me think about this again was a conversation with a client who more or less suggested there is a stigma to renting, and that asking someone to rent for an extended period of time was like making them […]

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young investor

Quote Of The Week: The Secret To Investing In Your 20s

“In your 20s retirement seems so far off that it feels absurd to invest in retirement accounts.  Many young people put off saving for retirement because they are struggling to get on their feet, and investing can be confusing.  But delaying retirement investing is a mistake. When you’re young, there is plenty of time for […]

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young woman

Five Minute Fix: Best Financial Moves In Your 20s and 30s

In our practice, we work with clients – and their adult children – on building strong family finances across generations. Clients want to see family wealth used as a positive force, and part of that means teaching younger generations to handle money responsibly. It’s certainly true that the choices you make in your 20s and 30s […]

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