WealthStep » General Education

How intergenerational living reduces loneliness and enhances well-being in retirement

4 months ago

4 months ago 85

Intergenerational living is on the rise, and some say it could be the key to aging gracefully. According to census data, the number of people living with multiple generations quadrupled between 1971 and 2021, to 59.7 million. For many of them, the intergenerational arrangement saves money and improves their quality of life. Some experts also hope it will cure the loneliness that tends to plague older folks. Why are intergenerational…

Q2 2024 Quarterly Context Video

By WealthStep in General Education, News, Quarterly Thoughts, Video

4 months ago

4 months ago 438

Stock markets continue up, bonds are flat, rates remain unchanged, inflation is cooling, and the recession-avoiding soft-landing appears to be happening… so far. That plus a review of key retirement planning basics and more in this quarter’s Quarterly Context webinar …Watch to stay relaxed by staying informed, and remain current about things that actually matter to staying focused on your long-term goals and strategy.

How pre-retirees can plan ahead for the long-term care reality

By WealthStep in General Education, Investor Behavior

7 months ago

7 months ago 271

The U.S. population is aging. By 2034, all baby boomers will be older than 70 and older adults will outnumber children for the first time in U.S. history, according to Census data. With age comes a greater risk for chronic diseases and conditions—yet most adults are not facing this reality head-on. People tend to worry about how a market downturn would affect their retirement savings. But considering that 70% of…

Q1 2024 Quarterly Context Video

By WealthStep in General Education, News, Quarterly Thoughts, Video

8 months ago

8 months ago 642

Is there still a chance of a recession? Inflation has small a surprise uptick, Fed interest rates remained unchanged, causing bond to wobble since investors were hoping rates would fall. Stock markets, especially many of the biggest stocks performed well yet again. However, some mega-cap stocks cooled, it wouldn’t be surprising if more volatility were on the horizon. That and more, plus a general key retirement planning review and more…

What the evolution of wealth management means for Generation X and retirement

By WealthStep in Financial Tips, General Education, Investor Behavior

8 months ago

8 months ago 759

A recent financial literacy study from Investopedia shows Generation X (or Gen X) is invested in—and concerned about—retirement. Currently between 44 and 59 years old in 2024, Gen Xers recognize that it’s time to get serious about retirement savings. The study showed the top 3 worries for Gen Xers are retirement (21%), followed by saving money (13%) and digital currency (13%). The recent climate of inflation, rising cost of living…

To lower your tax bill, avoid these 9 common tax-planning mistakes

By WealthStep in Financial Tips, General Education

9 months ago

9 months ago 224

If you think your tax bill is too high, you’re not alone. Two-thirds of Americans feel like they spend too much on federal taxes—and that’s before tacking on property or state taxes. What if you could avoid some of the pains of tax season? From tax-deferred investing to charitable deductions and income deferrals, Americans have a wealth of options to lower their tax burdens. Whether you’re not getting the most…

Mastering longevity: Financial planning strategies for your health and your wealth

By WealthStep in Financial Tips, General Education, Investor Behavior

10 months ago

10 months ago 270

The so-called “sandwich generation” is squished between their aging parents and adult children, like a piece of lettuce. That’s how some are now referring to Gen Xers (born roughly between 1965 and 1980). Between work demands, running a home, and responsibilities to both your parents and your children, midlife is often a time of “peak busyness”. The upside of this stressful time is, it often serves as motivation. The weight…

Q4 2023 Quarterly Context Video

By WealthStep in Financial Tips, General Education, Investor Behavior, News, Quarterly Thoughts, Video

11 months ago

11 months ago 693

Stock and bond markets came out better than expected in 2023 despite rate hikes, wars and collapsed banks, the chance of recession is dropping but still exists, markets may be more tepid in 2024, bonds got a boost at the end of the year. That plus a general key retirement planning review and more in this quarter’s Quarterly Context webinar …Watch to stay relaxed by staying informed, and remain current…

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