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Crafting a Caregiving Strategy for Affluent Families
More than 100 million American adults currently care for a parent or other elderly relative in their home.1 These arrangements are often more by necessity than choice, as paying for outside caregivers or a long-term care facility can...
Read MoreRetirement Planning: The Ultimate Endless Summer Adventure
If you're like some, you may have spent large parts of your working life missing the carefree summer days of your childhood. That is, of course, assuming you had a happy childhood. If not, try to imagine how it might be if your...
Read MoreThree Types of Insurance You Need Even on a Budget
Insurance is designed to provide coverage for some of life's biggest disasters—fire, floods, car crashes, disability, and death. But when you're on a tight budget, paying even a few extra dollars a month for an insurance policy you may...
Read MoreWhy High Earners Need Life Insurance Too: Helping Your Family and Preserving Your Finances
There are several ways high-net-worth individuals can benefit from life insurance. It is a vehicle that could provide loved ones with an income stream, it can be used as an investment strategy, it may help to lower your estate tax...
Read MoreRaising Savers: Teaching Your Kids How to Avoid Learning Financial Responsibility the Hard Way
Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your own...
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High Income, High Debt: 10 Ways High Earners Can Prevent a Credit Crisis
A personal credit crisis is something many people fear, as it can lead to financial ruin and burden an individual with immense debt. Fortunately, steps can be taken to avoid such a crisis, even for high earners who may seem financially...
Read MoreA Refresh for Your Finances
When spring rolls around, your thoughts might turn to organizing your closets or giving your floors a good deep clean. But how much thought have you given to cleaning up your finances? If the answer is “not much,” you might...
Read MoreFull-Time Work and Side Hustles: Benefits and Challenges
An increasing number of full-time workers seek to increase their income through working a side hustle, which is employment in addition to a full-time job. In this article, we'll delve into the benefits of this trend, essential tips for...
Read MoreHow to Plan for a Healthy Retirement
Planning for retirement often involves focusing on your finances and ensuring that you not only will have enough to sustain you during your retirement but adequate funds to do the things you enjoy doing. While this strategy is a...
Read More2024 Contribution Limits: What’s New?
Life today is expensive, and contributing to a retirement plan is more beneficial than ever. Recently, the IRS announced it was raising the contribution limit for 401(k)s to $23,000 for 2024, up from $22,500.
Read MoreRetirement Planning: Do We Stay or Do We Go?
As we sail into the golden years, the familiar shores of our longstanding homes beckon with the comfort of decades' worth of cherished memories.
Read MoreLPL FINANCIAL RESEARCH MIDYEAR OUTLOOK 2023: THE PATH TOWARD STABILITY
Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change.
Read MoreConducting a Midyear Financial Checkup
Just like a routine health checkup can ensure your physical health, a financial checkup can help you evaluate how your finances are doing so you can make any necessary adjustments.
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