In your 20s, saving for retirement likely is far from top of mind. Even as you get married, have kids and move up in your career, it still may seem part of the distant future. But local financial professionals recommend making investing a priority—at every stage of life.
Twenty years ago, four friends formed a fiduciary wealth management firm out of a lone Clayton office. Today, that firm’s focus on doing right by its clients has helped it grow to seven locations around the nation and $24.7 billion in assets under management.
When you prepare for your retirement, the focus is making sure you’ll be taken care of. But, are you ready to take care of someone else—such as an aging loved one—during that time?
It’s a three-digit number that can affect your ability to buy a house, fund an education or even pay for groceries without the hassle of cash. No matter your net worth, knowing and maintaining your credit score is an important aspect of keeping your finances in order—but there are mistakes you may be making that can damage your rating.
It’s no secret that the cost of college in the U.S. is rising. Although amounts can vary widely, a four-year college education can be more than $150,000, according to CollegeBoard’s 2014 Trends in College Pricing report. That could be a major contributor to why grandparents are increasingly stepping up to help finance their grandchildren’s education: A recent study by Fidelity Investments shows that 53 percent of grandparents are saving, or plan to save for such costs, while 90 percent report that they would do so if asked. We spoke to Sean McClanahan, a VP at Fidelity and head of its Ladue office, about the study.
The Contemporary Art Museum will look a lot greener this summer, thanks to a 'living' installation that will transform the courtyard into an immersive green space. New York-based landscape architecture firm Nomad Studio is helming the project.
Are you ready to buy a new home in the new year? Before you place the 'for sale' sign in the yard and start house-hunting, take a look at what local real estate agents have to say about the outlook for the housing market in 2015.
Think for a few moments about your financial goals—they might include saving for a comfortable retirement, preparing for your children’s college education, purchasing a primary or second home, or leaving a legacy to the broader community. Everyone has goals like these, even though they can sometimes take a back seat to day-to-day concerns. A financial adviser’s job is to help you clarify those goals and turn them into a reality, says Brian King, wealth manager at Plancorp. “The goals are set by the clients, and it’s our job to discover them. We’re here to do a reality check, look at those goals and educate our clients about opportunities to achieve them.”
Elizabeth Marie DiLoreto & Jordan Keith Strope
To date, the Ebola virus has infected approximately 9,000 people and killed at least 4,500 in several West African countries. The numbers continue to rise exponentially. The Centers for Disease Control says in a worst-case scenario, the infected numbers could balloon to 1.4 million by mid-January.
Caring for an aging loved one can be a daunting task. And when that task becomes too difficult for family members, they often turn to a health-care provider. But how can a family determine the best type of long-term care for their relative?
A sluggish economy has hurt nonprofits since the recession—with cutbacks in government funding, a decrease in giving from both small and large donors, and increased demand, especially for nonprofits in the social services.
Despite an economic recession, the nation's net worth has increased by $23 trillion during the past 15 years, according to the Federal Reserve. And as Americans' financial assets grow, many may be asking themselves, Where should I invest my wealth?
Imagine 100 people who start working at age 25. “By age 65, 1 percent will be considered wealthy; 4 percent will have enough money saved for retirement; 3 percent will still be working; 63 percent will be dependent on Social Security, friends, relatives or charity; and 29 percent will be dead,” says Alan Skrainka, chief investment officer at Cornerstone Wealth Management and author of the book Principle Based Investing: A Sensible Guide to Investment Success. “That’s frightening stuff. So I’m on a mission, trying to save the world—one investor at a time.”
No matter the size of a donation, when someone gives money to charity, they have some level of confidence that it will be used for a specific purpose. And that expectation only grows with the size of the gift, particularly if there’s a donor agreement in place. The book, Abusing Donor Intent: The Robertson Family’s Epic Lawsuit Against Princeton University, was written by Doug White, director for the Master of Science in Fundraising Management program at Columbia University. In it, he digs into a high-profile case where the donors accused the university of misusing their charitable gift. We asked the author about the case, its implications, and steps donors should take before giving their hard-earned funds—no matter how noble the cause.
Perhaps you purchased the right painting at the right time. That is a possible outcome of investing in collectibles—and so is having a basement full of Beanie Babies.
Meghan Christina Blase and Charles Brian Flynn
You’ve worked hard building your career, raising your children and accumulating assets. Now, you’re entering into a second marriage…Should a prenuptial agreement be part of the equation to protect these important parts of your life?
In support of the expansive, publicly funded St. Louis County Library (SLCL)—which includes its headquarters and 19 branches—there is the SLCL Foundation, which works to fill in gaps in funding and other resources.