As summer gives way to fall, many of you are busy sending your children off to their first day of college or high school. After years of homework and extracurricular activity, you may look back with pride on the time and energy that your family has invested in their growth and learning. At the same … Read More
College Savings Basics: 529 Plans & Maximizing School Aid
These days, the total average cost of higher education exceeds $140,000 per child at private four-year colleges.(1) The cost can even exceed $70,000-$75,000 a year at select schools and continues to grow exponentially. But there are several ways young students and their families can save to prepare … Read More
6 Ways High Earners Derail Their Investment Plans
Earning a good income should make building wealth easier. Still, high incomes never guarantee high rates of savings. In addition, some folks manage to grow their assets with fairly modest earnings because they understand how to manage money wisely. It's a fact that 14.7 percent of U.S. households … Read More
Use Your 401(k) as a Retirement Savings Plan, Not a Piggy Bank
With the enactment of the Revenue Act of 1978 the modern day 401(k) retirement plan was born. After a modest beginning, employer sponsored retirement plans have become a major factor in how we save. So much so that, for many Americans, the employer sponsored 401(k) plan is the only place they are … Read More
Family & Finances: Planning In Your 30s and 40s
At Magellan Financial we believe in the power of planning. We also know that most people don’t start seriously considering an investment plan until they enter the fifth decade of life. It is much easier to envision retirement, a concept that is hard to grasp when you are in your 30s or 40s, once … Read More