by SDP Team | Feb 1, 2024 | Money in A Growing Family
The average American owes $59,580 in debt. Of that $59,580, $41,830 is from mortgage debt, $5,640 is from student loans, and $5,470 is from auto loans. Little wonder that money worries can be a major cause of stress.1 The Link Between Stress and Health Humans have an...
by SDP Team | Feb 1, 2024 | Money in A Growing Family
Who among us wants to pay the IRS more taxes than we have to? While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the five most overlooked opportunities to manage...
by SDP Team | Feb 1, 2024 | Money in A Growing Family
Thirty-nine percent of Americans do not own any stocks or stock-related investments, according to a recent Gallup poll.¹ Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the...
by SDP Team | Feb 1, 2024 | Money in A Growing Family
One study estimates the average cost of raising a child to the age of 17 for a middle-income family is about $310,605. As a point of comparison, the median home price in the U.S. was $417,700 at the end of 2023.1,2 If you want to add the cost of education to that...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Age 50 At age 50, workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions. Those who participate in 401(k), 403(b), and 457 plans can contribute an additional $7,500 per year in...
