Resources

Paul Brahim, CFP®, AIFA®, Managing Director, Senior Vice President, and Financial Advisor at Wealth Enhancement Group was featured by GOBankingRates in “Retirement Savings: 7 Things to Do Once You Officially Hit Y

The stock market continues to defy expectations. Wall Street “experts” predicted that rising rates would cause another down year. Instead, corporate earnings have proven to be resilient, the jobs market is robust, and core inflation, despite volatile gas and food prices, is generally subsiding to normal levels. And stocks have done much better than many imagined.

I grew up playing soccer. Even to this day, I can still hear my coach shouting, “Easy ball! Easy ball!” I will never forget that, especially since it sounded even better coming from a former Zambian National player with an awesome accent.

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed in December 2019, and its “sequel,” the SECURE Act 2.0 was passed a few years later in December 2022. While the list of changes from these two pieces of legislation could warrant a short novel, let’s take some time to dissect a related issue I have been helping next-generation clients with.

For decades, the term “sandwich generation” has generally applied to adults (mostly women) taking care of their aging parents and minor children at the same time. But as baby boomers age out of the sandwich generation, their replacements, estimated to be about a quarter of U.S. adults, are facing new challenges. For one, Gen-Xers and millennials are beginning to take care of their (now aging) parents while still supporting adult kids — at home or otherwise — and, in some cases,