
Letter from Mike Schroeder
PWM President Mike Schroeder on the significance of Baird's 100th anniversary.
Wealth management is about real life, helping you address head-on the issues that have major implications for your and your family's future. In this new Digest feature, we're taking questions from our readers about their most pressing wealth management decisions.
Families face a difficult decision when it comes to prioritizing financial goals. Most parents don't want to work for the rest of their lives, but they know how important a college education is – and how crippling student loans can be to a new graduate. Here are some tips for saving for both college and retirement simultaneously:
Because college costs typically occur well before spending for retirement, it might be tempting to want to address the most pressing savings issue first. While that strategy might work for those whose income is expected to rise substantially in the future, it's risky – for the years you're not saving for retirement, you're missing out on not only those savings, but potentially decades of compound interest those savings could be earning for you.
How to save for retirement and an education is not an easy question, and you – and your kids – might need to make some hard choices. Just remember that students have resources, such as loans, scholarships and grants, that aren't available to fund a retirement. If you approach retirement without proper savings, your only options are to continue working or to make changes to your lifestyle.
PWM President Mike Schroeder on the significance of Baird's 100th anniversary.
It's not so much the number of years as it is the successes we've helped our clients achieve.
Baird's Investment Strategy Team makes the case for caution and patience in the New Year.
Baird's Director of Advanced Planning considers how a divided Congress could affect your financial plans.
Advice for keeping the tax return preparation process simple and cost-effective.
Tips for women looking to maximize their Social Security benefits.
With donor-advised funds, you can respond to a natural disaster in a way that fits your broader financial plans.
No matter the size of your family or bank account, the conversation about estate planning needs to be had.