Endowments Per Full-Time Student The 2022 NACUBO-TIAA Study of Endowments (NTSE) results provide a wealth of data for understanding university wealth. A table I’ve been spending time with is one that gives the fiscal 2022 endowment value per full-time-equivalent student. The table provides endowment data on 635 institutions, drawn from the 678 institutions that reported data […]
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The Secure Act’s 10-Year Rule for IRA Heirs The Setting Every Community Up for Retirement Enhancement (Secure) Act fundamentally changed the rules governing distributions from inherited retirement accounts. Inheriting an IRA or 401(k) under the new administration could create several adverse tax consequences for the beneficiary—and it’s never too early to take actions designed to ensure the
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The Ten Critical Ages for Retirement Planning Each type of retirement benefit has a different eligibility age. Your age plays a significant role in how much you can expect to receive from Social Security and what you need to do to avoid retirement account penalties. Key Milestones for Retirement: 49 — Max out retirement accounts:
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Need Cash for Supplemental Income? Consider a Reverse Mortgage If you’re 62 or older – and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses – you may consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to
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HSA Just Might Be the Holy Grail of Savings Accounts Pre-tax contributions, tax-free withdrawals, and tax-free gains = the Holy Grail of savings opportunities. If you estimate yourself at the 25% tax bracket when you retire, and you put $60,000 into a savings account, you lose $15,000 to taxes; but if you put it in
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[vc_row][vc_column][vc_column_text] Enyi Kanu Named to Top 100 Global Leaders in Finance wealthRx Advisor Network founder Enyi Kanu was recently named to the Global Conference on Finance and Insurance’s (GCIF) Top 100 Global Leaders in Finance at their annual conference in Las Vegas, Nevada. GCIF awarded renowned thought leaders for their valuable insights on the challenges
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The Future of Your Health Care Using Telehealth Services 2021 could be the pivotal year for how businesses operate moving forward. Will they offer employees a work from home option, will Zoom meetings be standard procedure, will telehealth replace typical doctor visits? The answers are still being worked out, but it’s worth exploring now so
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How Your Health and Wealth are Connected There’s much to be said for taking care of your health, and you should make caring for your wealth part of your focus, too, as it directly correlates. In fact, the American Journal of Public Health confirms that Americans at lower income levels are less healthy than those
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The Costs of Retirement and Ways to Minimize Them The 2019 Employee Wellness survey by PwC found that 73% of Millennials, 70% of Generation X, and 61% of Baby Boomers think health care costs will adversely affect their retirement. If a healthy 65-year-old couple retiring in 2019 expected to spend more than $387,000 for retirement health
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Multi-Generational Wealth Planning Strategies “Shirtsleeves to shirtsleeves in three generations.” The saying is true, and the cycle is real. As the expression indicates, after the buying, the building, and the selling, there’s rarely anything left of a family’s wealth for the fourth generation. Multi-generational planning focuses on breaking that cycle by allowing your heirs to
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