Despite The Song ‘Trust Fund Baby,’ Trusts Are Not Just For The Wealthy

Ed Sheeran’s “Trust Fund Baby” (a hit single recorded by the California boy band Why Don’t We) speaks derisively of inherited wealth. And true enough, the term “trust fund” does bring to mind legendary old money, with names like Vanderbilt, Rockefeller and Ford. Certainly, dynastic trusts exist, but they are very few and far between. There are many more families …

You Should Be Saving at Least 12% of Your Pay for Retirement. Here’s Why

To reach retirement in solid financial shape, you likely need to up your savings game today. Vanguard reports that the median 401(k) contribution of American workers is 6% of pay. After adding in the median company matching contribution, the total workers are setting aside falls just short of 10%. That may not be enough. Vanguard recommends a total contribution rate …

Money Lessons of America’s Founding Fathers

JACOB DAVIDSON – June 24, 2019 In theory, the founding fathers should be the ultimate financial role models. After all, they’re literally on the money. Warren Buffett might be every investor’s hero, but he can’t count his earnings without seeing the faces of Washington, Hamilton, Franklin, and Jefferson. And even John Adams, perhaps the most neglected of the founding fathers, …