As a female entrepreneur, you may face different challenges than your male counterparts. For example, women were disproportionately affected by the COVID pandemic. They also tend to earn less than their male peers—largely in part because they are still responsible for the majority of the world's unpaid labor.
Over the last 20 years, the median-age for Americans (the median age is the point where exactly half the population is older and the other half is younger) has increased by about 3 ½ years. Today, the median age is 38.8 years. But just last year, the national median increased the most, as we saw the largest single year gain of 0.3 years in 2021.
You are not alone if you do not have access to a 401(k) retirement plan. Pew Research data reveals that 35% of private-sector employees do not work for an employer that offers a plan. Fortunately, other retirement savings options are available, some of which provide similar tax benefits as a 401(k).
Understanding and synthesizing your FERS retirement annuity and The Thrift Savings Program (TSP) options can be daunting. Here at Water Street Financial, we have vast experience and expertise educating our current and former Federal employee clients.
With the average price for private college tuition and fees hitting $43,750 for the 2021-2022 school year and public college attendees paying more than $28,000 per year, many parents are nervously anticipating what will happen after their child graduates high school.
