Today, women control a third of household assets one major reason why wealth management is important. But by 2030, U.S. women are expected to control much of the assets that the baby boomer generation will pass to heirs; roughly 30 trillion in assets.
National Financial Freedom Day is observed each year on July 1ST. This holiday raises awareness about financial freedom and how it may improve your financial stability. Financial freedom is controlling one’s finances, covering expenses, and saving for future goals.
Insurance Awareness Day, recognized on June 28th, is a great time to review your insurance coverage and assess your risk. Insurance is a means of protecting your assets against premature liquidation and protecting yourself and your loved ones.
Helping your kids save for retirement starts with financial education and discussing the importance of saving for their future. But, besides financial education, there are strategies that you can implement for them at a young age. The strategies can help them get a head start on their retirement savings.
Credit cards may make it easy to cover a variety of expenses. Credit card use often helps increase one’s credit score if the balances are paid in full each month and on time. However, mismanaging credit or carrying balances over time can lower credit scores. It may be a risk to your financial future since lenders use credit scores to assess creditworthiness on loans.
Rising gas prices can impact consumers and the economy in many ways. For example, rising gas prices affect consumers at many places they purchase goods. If the places rely on gas, natural gas, or crude oil:
Now is a great time to review your life insurance policies and determine if you have enough coverage. Learn more about how life insurance is essential to financial planning. When someone we know passes, often, we are reminded how precious life is and how financial stability can rapidly change. In some instances, they did not have enough life insurance coverage.