Making Your Kids Money Savvy

Kids as young as age three or four can grasp a general sense of the value of money. There are many ways you can help them understand it more fully as they mature. “Money doesn’t grow on trees” Your parents may have said this to you. Okay, so if money doesn’t grow on trees, where does it “grow?” While every child...

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Voya Cares For Special Needs Planning

Caregivers for loved ones with special needs know that providing support is a lifelong commitment. Having financial safety nets in place is critical, and often complicated. You might think that naming a special needs loved one as a beneficiary to your IRA or life insurance policy is a smart strategy. While this may seem like a good move, you could...

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Robo+LIVE—Investment Advice the Way You Want It

The ABA Retirement Funds Program gives you access to two investment advisory services offered through Voya Retirement Advisors (VRA), and powered by Financial Engines. When you need some investment guidance, it’s helpful to have choices depending on how hands-on you want to be with your decisions. That’s where Robo+LIVE comes in. This hybrid approach to financial advice combines the convenience of...

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Will You Be Able to Pay for Life’s Surprises?

Life is full of surprises. Sometimes, those surprises cost money. An emergency fund can help you minimize the financial stress when the unexpected happens. Here are a few common life events that can put a financial strain on your family: Job instability or loss If your job goes away, your daily living expenses stay right where they are. An emergency fund that...

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Are You Avoiding Detours on the Retirement Income Road?

To celebrate his 30th birthday, Kevin drove across the state to visit his grandmother. He wanted to take the fastest route but then he saw a road sign that read, “This way to the world’s largest ball of twine.” He veered off to investigate. Then he took another detour to check out a hubcap museum. He had to call...

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Financial Planning Assistance is Here!

Do you have confidence in your financial plan? Do you even have a plan? The latest Retirement Confidence Survey from the Employee Benefits Research Institute1 confirms that American workers today are not very confident about their retirement readiness. If you are nodding your head in agreement as you read these stats, we have some good news. New planning resources can boost your...

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Living longer, living fuller, living happier

How long do you expect to live? When Social Security started in the 1930s, the average life expectancy at birth was just 58 for men and 62 for women. Today, more and more people are living into their 80s and 90s with a chance to reinvent retirement. Technology—including social media—and the sharing economy are giving retirees unprecedented opportunities to create...

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Removing some of the mystery from Medicare

Q: What is Medicare and who is eligible for it? A: Medicare is a health insurance program run by the federal government. It provides benefits to American citizens and permanent legal residents aged 65 and older, or people who have a qualifying disability or illness. Q: How does Medicare work? A: Medicare pays a portion of the cost of health care but...

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New Year, New Resolution for Retirement Savings Planning

Remember the way simple word problems helped you grasp abstract mathematics when you were in grade school? The same principle applies to retirement planning: Steven spends $5 per day on an extra-large coffee during his morning break at work. If he works five days a week, with 20 days off per year, how much does Steven spend annually on his...

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How Are Millennials Coping with Student Loan Debt?

The U.S. Department of Education estimates as many as 42.3 million Americans carry some form of student debt, totaling $1.33 trillion in federal student loans. Millennials pay on average $351 a month toward that debt, and their median monthly payment is $203, according to the Federal Reserve. Moreover, seven in ten of today’s graduates leave college in debt. It is little...

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