Raising Financially Sound Kids

The vast majority of children are destined for a financial future that differs little from that of their parents. Research has found that the financial future of younger generations can sometimes even be worse due to a combination of societal influence and last of intentional “fiscal training”.

You can change that.

Read more

The Boomerang Generation – Planning for the Unplanned

Nearly double the number of 25- to 35- year-old Millennials were living with their parents in 2016 than their Silent Generation counterparts in 1964.1 In fact, the percentage of 18- to 34-year-olds living in their parents’ home grew from 26.0% in 2005 to 34.1% only ten years later. Of this group, 1 in 4 are idle, meaning that they neither go to school nor work.2 These young adults are known as the “Boomerang Generation”. When they boomerang back to their parents’ home, it is often unplanned and can create financial, emotional, and relationship strain. But…with a bit of creative planning, the recipient of the boomerang can help their young adult without sacrificing their financial future.

Read more

Savings and Your Mental Health

Savings. Believe it or not, there are certainly many tangible benefits to saving money. In fact, being able to purchase the things that you want or need (now or in the future) is probably the number one reason that we save. But what if the intangible benefits of saving money may actually be more important than the simple act of adding extra zeroes to your bank account? For many, the act of saving itself can have a profound positive impact on their mental health.

Read more

What Makes for Successful Retirement?

handweightsRetirement can be a challenging and stressful time. But it doesn’t have to be! With a good plan fiscally and physically…and some good coaches to help, you can be very successful. The 21st Show guests Sharon C. Allen, president and
co-Founder of Sterling Wealth Management in Champaign, and Elizabeth Stine-Morrow, professor of educational psychology at the University of Illinois provide advice for financial planning, staying healthy, and thriving throughout your retirement years.

https://swmi.co/the21st-retirement