Articles

Published: Northwestern Mutual, September 22, 2021

How Much Does the Average 60-Year-Old Have in Retirement Savings?

By Marianne Hayes

Deciding to retire is a big life milestone. It marks the start of a new financial chapter, where you’ll transition from earning income to drawing down from your savings.

If you’re approaching the age of 60, you likely have retirement on your mind. Have you saved enough? Just how much does the average 60-year-old have in retirement savings? According to Federal Reserve data, for 55- to 64-year-olds, that number is little more than $408,000.

Published: Firstly.com, June 20, 2021

How a Daily Money Manager Can Help Your Parents With Money Issues

By Julie Ann Russell

Here's what this pro does and how to determine if your parents need a daily money manager.

Published: CNBC, February 6, 2020

This small profession aims to fill a gap in the financial services world

By Sarah O’Brien

When financial advisor Liz Miller took on a client whose spouse had recently died, she realized a piece of the survivor's financial life needed more attention than her wealth management services would provide.

That is, the client needed help with the basics of managing money because her late husband had handled everything.

Published: AARP.org, July 1, 2016

Need Help Managing Day-to-Day Finances? A daily money manager might fit the bill

By Lynnette Khalfani-Cox

Imagine having someone who makes sure your bills are paid on time, organizes your tax documents and hands them off to your accountant, and even follows up with your insurance company because you were supposed to be reimbursed for physical therapy.

Sounds too good to be true?

It turns out, you don't have to be wealthy to hire a trusted professional to take care of these kitchen-table money issues for you.

Engaging a daily money manager (also known as a DMM) can be a cost-effective way of making sure your financial life is in order.