Not everyone with a trust fund has the last name of Clinton, Gates or
Trump. Creating a living trust fund for your children is a wise
investment and a practical financial tool that is not only for the
offspring of the rich and famous.
Some say that women make sound investment decisions, partly due to their ability to apply the philosophy of selecting good friends to the art of making good investment choices. Here are observations of what friendship and investing have in common.
In a recent Allstate poll, almost 30 percent of millennials said that their top financial
challenges are whittling away at student loan debt, which has
skyrocketed, and saving for major purchases such as a house. If you’re a millennial focusing on paying down debt, it’s important to start saving while your money has plenty of time to accumulate and multiply.
A significant portion of Americans are saving for retirement through
401(k) plans. The Investment Company Institute pegged this number at
about 53 million employees, with over $4.5 trillion invested through
401(k) plans. Despite its centrality as an investment tool, many
companies unwittingly participate in 401(k) plans that don’t provide the best return on investment.