More Americans aging into retirement are still paying down mortgages. Over the past three decades, the share of homeowners ages 65 to 79 with a mortgage rose from 24% to 41%.
"Private equity kind of always gets what it wants in Congress, but I think it's a bad idea. It's illiquid, the fees are very high. Private equity funds, for the most part, don't beat the stock market."
Nearly 25% of older Gen X and young boomer workers laid off in the past decade haven't found new jobs, with 11% taking pay cuts.
Spending hours at work while having a newborn at home, even with nanny support, can be challenging. Many new parents may choose to focus on family instead.
I pursued law solely because I saw it as a practical, respectable career, but I didn't love it. Before starting my first job, I came across the financial independence early retirement (FIRE) movement, and I saw it as a way out.
A trust is a legal arrangement where assets are managed by a trustee for the benefit of a beneficiary. They are popular estate planning tools to ensure financial security, control asset distribution, and potentially reduce taxes.