The most common natural disaster in the United States? Flooding. And it’s also the most costly, according to FEMA, where one inch of water can amount to $25,000 in damage. Specifically, one natural disaster that has the potential to bring flood damage is a hurricane. According to the National Oceanic...
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Are parents paying their adult children’s bills, even despite them being employed? Short answer: Yes. According to a 2017 survey of 800 millennials by Instamotor, close to a quarter reported their parents paying at least one of their bills. Each person surveyed was employed - working at least 35 hours...
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Knowing where we spend our money is the most important step for knowing where to begin with saving. So, where does our money go? The 2018 Mid-Year Consumer Expenditure Report from the Bureau of Labor Statistics (BLS) looked at the average spending of surveyed participants between July 2017 and June...
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A new study highlights how our age might affect our well-being during and after a recession. When a recession occurs, which age group of consumers is most affected both during and after it? Does it affect the well-being of every age group similarly or are some affected more severely? These...
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How are adults 65 and older spending their time? The U.S. Bureau of Labor Statistics found that in 2018 adults in this age group are primarily sleeping and watching TV, with little socialization. Specifically, the report shows that adults 65+ are sleeping almost 10 hours per day, watching TV for...
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Saving for retirement is not a “set it and forget it” type of approach. It helps to review your plan annually to make sure it’s still relevant to your lifestyle and spending habits. If you’ve already been setting funds aside, but still have a few years until you put the...
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You know those times when you have a million places to be and things to do, and then remember you still need to go grocery shopping? Grocery delivery services are becoming more popular for helping to save you time. While there is value in getting groceries brought directly to your...
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The phrase ‘Nursing Home’ does not have to be part of your vocabulary as soon as you might think. Did you know there are options to stay in your home well after retirement and late into your “aging” years? Through a design concept called Universal Design, you can make changes...
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This month’s Employee Feature is Konstantin Bystritsky, CFP® Wealth Manager at DWM. Konstantin brings more than 13 years of experience in the financial services industry, including being part of a team at Fidelity managing more than 450 high-net-worth client relationships. His experience includes creating financial plans for accumulations, preservation and transferring...
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Retirement expenses are not the same for every person and can look a lot of different ways. Where travel might be on one person’s list to include in retirement spending, eating out multiple times per week might be on another’s list. But often times, the expenses that unexpectedly pop-up are...
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