The stereotype of the ambition less adult child living in their parents’ basement is firmly entrenched in American culture. A less predictable scenario is the married college graduate with two children and an established career who still relies on their parents to help pay bills. Yet this is a reality for nearly half of parents from the baby boomer generation.
In 2022, more than 2.4 million people became the victims of financial fraud, losing a total of nearly $8.8 billion, according to the Federal TradeCommission. People of all ages lost money, but the amount was highest for people over 50, and it increased in correlation with the victims’ ages. In other words—and not surprisingly—as we age, we are more likely to be taken advantage of financially.
As the U.S. debt ceiling takes over the headlines, this article explains the most likely result from Congress and what investors should know to prepare.
Two recent bank closures have put investors on high alert and sent markets scrambling. In this edition of Market Thoughts, learn what happened, what CAPTRUST is watching for next, and how this is different from the bank bailouts of 2008.
In this article, we discuss how to encourage your spouse to take part in financial decisions.
In this article, we discuss digital assets, and what role they play in estate planning.
Almost 60 years ago, Columbia Pictures released Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb, a dark comedy satirizing the Cold War détente between the U.S. and the Soviet Union.
In the 1980s, a popular children’s book series called Choose Your Own Adventure allowed young readers to become a character in the story and make decisions at specific plot points to determine how the adventure would unfold. Sometimes, the reader’s decisions created a best-case scenario, one in which they saved the day or solved the case. Other sets of decisions led to less rosy outcomes, such as falling from a cliff or being captured by an enemy.