Financial decisionmaking decline in older adults

 A recent study confirms that seniors become more confident in their ability to make financial decisions at the same time that their financial knowledge and decision making skills are declining… an ominous combination. “Although episodic memory and financial literacy score decline at roughly the same rate after age 60, confidence in financial decision-making ability remains…

5 Steps to take before you retire

1. Make a financial plan that starts with a budget.2. Determine how much you can safely withdraw from savings.3. Identify which retirement sources to use when.4. Set your asset allocation.5. Figure out how to pay for medical costs.Get the details from Margaret Price, writing for Investors Business Daily at: http://www.investors.com/etfs-and-funds/retirement/dont-quit-your-job-before-taking-these-5-retirement-steps/     Source: Financial Planning for…

Understand Key Concepts: Return and Rate of Return

When evaluating investment options or assessing the performance of your current investments, two concepts are key: return and rate of return. In this podcast, we explain both and how to use them to get the most out of your investments. Listen | 4 min. 45 sec. https://www.finra.org/investors/podcasts/key-concepts-return-and-rate-return?utm_source=MM&utm_medium=email&utm_campaign=Investor%5FNews%5F053117%5FFINAL Source: Financial Planning for Women

Don’t be put off by high sticker price of private colleges

“Phillip Levine is breaking down a barrier: the well-founded fear among low-income and even middle-class families that an elite liberal arts college is out of the question.” Levine, a professor at Welleseley College, “designed a calculator to estimate how much an individual applicant will actually pay, after plugging in his or her family’s unique financial…