How parents’ financial planning influences adult children

Michael S. Fischer •
ThinkAdvisor
Do You Need me to Taste Test it, Mum?

Twenty-seven percent of Americans are concerned about their parents’ financial security in retirement, and they are twice as likely to lack confidence in their own retirement prospects as those who are unworried about their parents, TIAA reported this week. This finding was based on an online survey conducted by KRC Research in February among 1,003

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The first five steps to building wealth

Eric Brotman •
Forbes
Portrait of successful businesswoman wearing elegant formal suit sitting on leather sofa relaxing after work at home

Build a risk management plan, including an emergency fund.  This is the first of a two-part series. When you’re looking into getting a loan, you’ll see options for homes, cars, businesses, and even vacations. What you won’t see is a loan for retirement. Retirement is the one expense in the world you cannot borrow for,

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Homeowners’ financial protection against natural disasters

Andrew Granato, Richard Rosen, and Alejandro Drexler •
Chicago Fed Letter
Man working at home

Over the past few years, many people in the U.S. have had to deal with damage to their homes from natural disasters, such as Hurricane Harvey. This article explains the different kinds of financial protection from natural catastrophes that homeowners can access from the private and public sectors. In 2017, Hurricane Harvey dumped over four

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The benefits of investing in real estate

Daniela Andreevska •
equities.com

Each type of investment comes with its advantages and disadvantages. Nevertheless, millions agree that real estate is the best type of investment as the pros clearly outnumber and exceed the cons. If you are considering whether you should diversify your investment portfolio with a couple of real estate properties, here are the most important benefits

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