Winning the lottery can be a dream come true, but it often ends up being a short-lived one — about 70% of lottery winners go broke within just a few years.
But there’s a silver lining in the financial lessons lotto winners learn the hard way. By identifying common challenges that their stories highlight, we can forgo the need to learn similar lessons the hard way ourselves.
Here are five things we can all learn from lottery winners:
Read MoreWe all know the scene: A grieving family gathers in a room for the reading of their relative’s will. It lists who inherits what, and perhaps some detailed instructions for the funeral.
Would you be surprised to learn that this common scene is an unrealistic portrayal of how wills work in estate planning? In fact, misconceptions like this have led many people astray when deciding what to put in their will.
So what is or isn't actually included in a will? Let’s cover five things that shouldn’t go into your will and why.
Read MoreIf you have an annuity or are considering adding one to your retirement plan, it can be hard to get a simple explanation of how they work and what they can do for you.
You can always reach out if you have questions about whether annuities are right for you.
Read MoreAs this trend continues, more parents are providing financial support that they didn’t plan for. In addition to the impact this can have on their own finances, many are unsure how to navigate support in a way that encourages independence.
How can parents help set their children up for success as adults while balancing their financial planning needs?
Read MoreThere are several reasons why someone would hold off on retiring — and not all are financial. Learn about the main reasons people postpone their retirement and how to help ensure you retire without regretting it.
Read MoreIt's hard to find any good news about finance these days. Market forecasters are starting to use the dreaded “r” word to describe the economy and headline after headline is doom and gloom.
A healthy wealth mindset can help you keep your eye on the prize even when the market flinches.
Read More
