Hurricane Helene has left a trail of destruction in several states, prompting urgent warnings from officials about the potential rise of scams targeting vulnerable populations in the storm’s wake. With the pressure of recovery hanging heavily, people who have been affected by the hurricane find themselves at risk of exploitation by unscrupulous individuals looking to
Personal
As you approach the end of the fiscal year, discussions around Roth Individual Retirement Account (IRA) conversions often intensify. While this strategy offers the allure of tax-free growth in the future, it also poses notable challenges and potential financial pitfalls that require careful consideration. This article delves into the nuances of Roth conversions, examining their
In an era marked by market volatility and unpredictable economic outcomes, a few financial firms stand out for their unique philosophies and unwavering strategies. Heritage Investment Group, led by president Frederick MacLean, exemplifies a steadfast commitment to a long-term investment horizon that defies the conventional wisdom of market timing and stock picking. In a financial
Despite decades of advocacy for women’s equality in the workplace, significant disparities in the gender pay gap remain entrenched. A contributing factor to this stagnation is what researchers are analyzing as the “gender promotion gap.” Kelly Shue, a finance professor at the Yale School of Management, highlights that women face notably lower promotion rates compared
In an age where financial literacy is more critical than ever, the conversation around teaching kids about savings and investment must evolve. As a financial advisor and mother of three children aged 15, 12, and 11, I have witnessed first-hand the remarkable potential of introducing young people to the world of finance early on. Engaging
The death of a loved one is one of life’s most challenging experiences, and the subsequent financial burden can exacerbate the grief that families experience. Currently, Social Security beneficiaries who pass away have their surviving relatives eligible for a one-time death payment of merely $255. Instituted in 1954, this amount has remained stagnant for decades
In recent years, savers have enjoyed relatively high yields on cash equivalents, including savings accounts, certificates of deposit (CDs), and money market funds. However, with the Federal Reserve’s recent changes to its monetary policy—specifically, a recent cut in the benchmark interest rate—this trend is beginning to reverse. As rates continue to fall, it is crucial
In recent years, TikTok and other social media platforms have burgeoned into major sources of financial advice, particularly among younger generations such as Gen Z. Dubbed “FinTok,” this trend reflects a growing reliance on social media for financial insights. However, this reliance comes with significant risks, as evidenced by a report from Edelman Financial Engines,