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Saving for retirement is never easy, but with a little assistance it doesn’t have to be the difficult journey that many make it out to be. In the 2016 American Century National Survey of Plan Participants, more than 80% of retirement plan participants replied that they would like their employer to give somewhere between, “a slight nudge” and “a kick in the pants” to save more for retirement. Nine in ten participants said it would be at least somewhat important to tell their younger selves to save more.
There are a number of benefits for both the employee and employer…
Opening an account for a child can be more than just a significant financial gesture; it can also serve as a valuable financial learning tool for the beneficiary as he or she grows older. Three types of accounts commonly opened for or on behalf of a child are UGMA Accounts, Coverdell Education Savings Accounts and 529 Plans. They each differ in terms of contribution and participation limits, taxability, control, and investment options. Each one has its advantages and disadvantages to the donor and the child. Below is a brief summary of each.
By:
Chris Briscoe, Vice President and Wealth Advisor, CFP®, Girard, a Univest Wealth Division August 3, 2016
The Information Age has altered the landscape of our financial world bringing with it the boundless expansion of mobile device capabilities which are readily available at our fingertips. As smartphone technology becomes an even bigger part of our day-to-day lives, it is important to know how to take advantage of the financial abilities these tools grants us.
Whether it’s tracking your spending to operate within a realistic budget or scouring for sales promotions and coupons, classic saving tactics are made easier when properly utilizing your smartphone. With sound savings habits in place, you may have additional funds available to invest…
The generation of the Internet age is one of the largest and most diverse in the U.S. Although Millennials have been defined by a relationship to technology, the generation has been steadily redefining adulthood. Millennials have adapted and endured in a post-recession economy, their social and global values have inspired change in the labor market, and now one-third of Millennials are living in a parent’s home.
For the first time in the Modern Era, this is the most common living arrangement for 18 to 34-year-olds. This new normal has not come without its challenges. Many are saddled with…
