5.12 million – Existing home sales in June 2022, down 14.2% from June 2021. Rising mortgage rates and general inflation have cut into purchasing power for homebuyers, while the national median existing-home price reached a record $416,000, up 13.4% from one year ago. A recent increase in homes on the market may help to ease

$24.2 trillion – Projected national debt at the end of 2022, equivalent to about 98% of gross domestic product (GDP). By 2032, the national debt, which represents the accumulation of past budget deficits, is projected to be $40.2 trillion, almost 110% of GDP — the largest percentage on record. Source: Congressional Budget Office, May 2022

Throughout your life, your financial needs will change and life insurance can help you meet some of those needs. But how much life insurance do you need? There are a number of approaches to help determine how much life insurance you should have. Here are three of those methods. Family Needs Approach With this approach,

21 – This is the average number of investment funds offered in 401(k) and profit-sharing plans in 2020 Source: Plan Sponsor Council of America, 2021 Created in 1996, National 401(k) Day has historically been celebrated on the Friday following Labor Day to shine a spotlight on this important employee benefit. Since the late 1990s, plans