Rich’s Recommended Reading

Gen Z includes anyone born between 1997 and 2012. Described as the most diverse generation, Gen Z grew up with technology that previous generations did not. Although Gen Z is notable for using their devices and social media excessively, they are tech-savvy, ambitious,...

In December 2022, Congress passed the SECURE 2.0 Act. It introduced two new rules relating to 529 plans and student debt that will take effect in 2024.  The first provision allows for tax- and penalty-free rollovers from a 529 plan to a Roth IRA. The second provision...

As we near the halfway mark of the year, this is an ideal time to conduct a midyear financial planning review so you can assess your progress, make necessary adjustments, and ensure that you are on track to achieve your financial goals. This checklist of topics to...

What is a 529 Plan? A 529 Plan is a tax-advantaged savings plan designed to help you save in advance to pay for college expenses like tuition, books and campus housing. These plans are either “prepaid” which is school-specific, or “savings” plans which are more...

With tax season approaching, many of us are busy gathering the appropriate documents, meeting with CPAs, and ensuring that relevant tax deadlines are met. But amid all the hustle and bustle, taxpayers also need to keep an eye on the risks—especially tax season scams....

Stephen King once said: “Books are a uniquely portable magic.” Many of our readers must agree because we’ve received numerous requests to publish a list of favorite books selected by Capital Group investment professionals during our monthly webinars. So, here you have...

Caring for aging parents can be a difficult planning aspect to balance. If you are among the “sandwich generation,” you may be trying to support your aging parents as well as your own children. Today, individuals are living longer than before, so it is better to be...

As we close out this year and look ahead to 2023, multiple questions may arise. As citizens, as workers, and as family members, we want to know: will we have a recession, and what will that mean for my loved ones and me? As investors, we watch the markets after a...

Illness and death are unfortunate and unpredictable realities. However, as little as people like to consider being incapacitated or dying, creating a will and estate plan is vital to make sure that your wishes are carried out. The process of creating a will and estate...

Each year, the incidence of identity theft rises, but did you know that cybercriminals actually prey on some groups of people more often than others? Who are these more vulnerable victims? Why are they more likely to be the targets of cyberscams? Group 1: Social Media...

HOW TO HELP A NEW COLLEGE STUDENT PREPARE FOR SUCCESS The first semester of college is an exciting time, and the perfect moment to pass along financial tips for your new college student. Oftentimes, it’s the first chance young people have to leave the nest, spread...

Are you trying to imagine what 5,000 vinyl records looks like?  Picture a small, local record store, with walls and shelves covered and filled with cases upon cases of records, and you might be imagining something close to that number!  The story of how I inherited...

Now is The Time to Strengthen Your Finances and Finalize Your Retirement Plans While it’s true that it’s better to begin saving earlier rather than later, it’s not too late to start building wealth in your 50s. In this decade of life, there are still smart moves you...

We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes. Everyone wants financial security. But women often face unique obstacles that can affect their ability to achieve it. Let's look at...

Life insurance has long been recognized as a useful way to provide for your heirs and loved ones when you die. Naming your policy's beneficiaries should be a relatively straightforward task. However, there are several situations that can easily lead to unintended and...