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Monday, November 28, 2022

Understanding Marginal Income Tax BracketsBy any measure, the tax code is huge. It is over 2,000 pages long, and even longer with footnotes.1And almost weekly, the Internal Revenue Service publishes a 20- to 50-page bulletin about...

 

Monday, November 21, 2022

Silver Sneakers 101Once you turn 65, the world of Medicare opens to you, and you also gain access to its offshoot supplemental programs. You likely know about Part A, Part B, Medicare Advantage, and other sections, but you may not know...

 

Monday, November 14, 2022

Inflation and the Real Rate of ReturnThe real rate of return is an important personal finance concept to understand.It’s the rate of return on your investments after inflation. The real rate of return indicates whether you are...

 

Monday, November 7, 2022

The Utility of Sector InvestingThere is a growing popularity among individuals to broaden their investment strategy beyond conventional allocations and investment styles. Some see sector investing as a way to seek new opportunities for...

 

Tuesday, November 1, 2022

Getting a Head Start on College SavingsThe U.S. Department of Agriculture estimates the cost of raising a child to the age of 17 for a middle-income family will be about $285,000. That's approaching the median value of a new home in...

 

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Monday, October 24, 2022

Your Shifting Risk ToleranceWhen you created your investment strategy, your asset allocation should have reflected your goals, time horizon, and tolerance for risk.But over time, any of those three factors may have changed, and your...

 

Monday, October 17, 2022

The SECURE Act Starts the Clock on Inherited IRAsThe "Setting Every Community Up for Retirement Enhancement" Act (SECURE Act) made significant changes to IRAs inherited after January 1, 2020.For those who inherit IRAs after this date,...

 

Tuesday, October 11, 2022

Managing the Risk of Outliving Your Money"What is your greatest retirement fear?"If you ask some pre-retirees this question, "outliving my money" may be one of the top answers. In fact, 42% of workers say they fear outliving their...

 

Monday, October 3, 2022

Managing the Risk of Outliving Your Money"What is your greatest retirement fear?"If you ask some pre-retirees this question, "outliving my money" may be one of the top answers. In fact, 42% of workers say they fear outliving their...

 

Monday, September 26, 2022

Conquering Retirement Challenges for WomenWhen it comes to retirement, women may face unique obstacles that can make saving for retirement more challenging. Given that women typically live longer than men, retirement money for women...

 

Monday, September 19, 2022

Types of Stock Market AnalysisThere is no shortage of analysis for anyone interested in investing. A search for the term "stock market analysis" turned up over one billion results on Google and well over two billion on Yahoo.1The...

 

Monday, September 12, 2022

Retirement RealitiesExpectations vs. RealityPredicting exactly what your retirement will be like is about as possible as a meteorologist predicting the weather correctly every single time. In fact, few retirees find their financial...

 

Tuesday, September 6, 2022

Global vs. International: What’s The Difference?With international stock markets comprising about 44.1 percent of the world's capitalization as of 2021, a broad range of investment opportunities exist outside the borders of the U...

 

Monday, August 29, 2022

Do Our Biases Affect Our Financial Choices?Investors are routinely warned about allowing their emotions to influence their decisions. However, they are not often cautioned about their preconceptions and biases that may color their...

 

Monday, August 22, 2022

Managing an InheritanceInheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance...

 

Monday, August 15, 2022

Estate Management ChecklistDo you have a will?A will enables you to specify who you want to inherit your property and other assets. A will also enables you to name a guardian for your minor children.Do you have healthcare documents in...

 

Monday, August 8, 2022

Building Your LegacyCarve your name on hearts, not tombstones. A legacy is etched into the minds of others and the stories they share about you.1Shannon L. AlderThe desire to leave a legacy may be the height of altruism for it is a...

 

Monday, August 1, 2022

Building a Solid Financial FoundationWhen you read about money matters, you may see the phrase, “getting your financial house in order.” What exactly does that mean?To some, when your financial “house is in order...

 

Monday, July 25, 2022

Why Medicare Should Be Part of Your Retirement StrategyMedicare takes a little time to understand.As you approach age 65, familiarize yourself with its coverage options, costs, and limitations.Certain features of Medicare can affect...

 

Monday, July 18, 2022

Protecting Your Home Against Flood LossIn 2019, the average flood claim payout from the National Flood Insurance Program was $52,000.1The financial loss that comes with flooding can be devastating. Yet, many Americans are not protected...

 

Monday, July 11, 2022

Mutual Funds vs. ETFsThe growth of exchange-traded funds (ETFs) has been explosive. In 2005, there were less than 500; by the latter half of 2021, there were over 8,000 investing in a wide range of stocks, bonds, and other securities...

 

Tuesday, July 5, 2022

Important Birthdays Over 50Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last.When you are older,...

 

Monday, June 27, 2022

Personal Finance CalendarWrite down the major financial events you anticipate in the next few years. That will help guide a discussion about whether your portfolio reflects your short- and long-term goals.Update your personal net worth...

 

Monday, June 20, 2022

Retirement Questions That Have Nothing to Do With MoneyPreparing for retirement is not entirely financial.Your degree of happiness in your "second act" may depend on some factors that don't come with an obvious price tag. Here are some...

 

Monday, June 13, 2022

 

Tuesday, June 7, 2022

 

Tuesday, May 31, 2022

 

Monday, May 23, 2022

 

Monday, May 16, 2022

 

Monday, May 9, 2022

 

Monday, May 2, 2022

 

Monday, April 25, 2022

 

Tuesday, April 19, 2022

 

Monday, April 11, 2022

 

Tuesday, April 5, 2022

 

Monday, March 28, 2022

 

Monday, March 21, 2022

 

Tuesday, March 15, 2022

 

Monday, March 7, 2022

 

Monday, February 28, 2022

 

Tuesday, February 22, 2022

Budget Check Up: Tax Time Is the Right Time Every year, about 140 million households file their federal tax returns.1 For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage,...

 

Tuesday, February 15, 2022

Breaking Down the Parts of Medicare Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare, the traditional fee-for-service...

 

Monday, February 7, 2022

A Bucket Plan to Go with Your Bucket List John and Mary are nearing retirement and they have a lot of items on their bucket list. Longer life expectancies mean John and Mary may need to prepare for two or even three decades of...

 

Monday, January 31, 2022

The Most Overlooked Item of Any Home Improvement If you are like most homeowners, you love selecting the fixtures, fabrics, and paint colors of your home improvement project. But there is one very important item that you may...

 

Monday, January 24, 2022

 

Tuesday, January 18, 2022

What to Look for in an Extended-Care Policy Extended-care coverage can be complex. Here’s a list of questions to ask that may help you better understand the costs and benefits of these policies. What types of facilities are...

 

Monday, January 10, 2022

Why Regular Rebalancing Makes Sense Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too...

 

Monday, January 3, 2022

Rebalancing Your Portfolio Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of...

 

Monday, December 27, 2021

Inflation & Your Money “If the current annual inflation rate is only 1.4 percent,1 why do my bills seem like they're 10 percent higher than last year?” Many of us ask ourselves that question, and it illustrates the...

 

Monday, December 20, 2021

Estate Management Checklist Do you have a will? A will enables you to specify who you want to inherit your property and other assets. A will also enables you to name a guardian for your minor children. Do you have healthcare documents...

 

Monday, December 13, 2021

Starting a Roth IRA for a Teen Want to give your child or grandchild a financial head start? A Roth IRA might be a choice to consider. Read on to learn more about how doing this may benefit both of you. Rules for setting up a Roth IRA....

 

Monday, December 6, 2021

Saving Early & Letting Time Work For You As a young investor, you have a powerful ally on your side: time. When you start investing in your twenties or thirties for retirement, you can put it to work for you. The power of compounding....

 

Monday, November 29, 2021

Risk Perspective Risk is a factor in any investment decision that you make. Your tolerance for risk is something that you will want to consider when you make decisions alongside your trusted financial professional. Your risk tolerance...

 

Monday, November 22, 2021

Caring for Aging Parents Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 65 is growing. In the past decade, the population of Americans aged 65 and older has grown 35%, and is expected...

 

Monday, November 15, 2021

Retirement Seen Through Your Eyes How do you picture your future? Some see retirement as a time to start a new career. Others see it as a time to travel. Still others plan to spend more time with family and friends. With that in mind,...

 

Monday, November 8, 2021

A Checklist for When a Spouse or Parent Passes When you lose a spouse, partner, or parent, the grief can be overwhelming. In the midst of that grief, life goes on. There are arrangements to be made, things to be taken care of –...

 

Monday, November 1, 2021

Managing an Inheritance Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance that...

 

Monday, October 25, 2021

Managing Money as a Couple When you marry or simply share a household with someone, your life changes—and your approach to managing your money may change as well. The good news is it’s usually not so difficult. At some...

 

Monday, October 18, 2021

Tax Efficiency in Retirement Will you pay higher taxes in retirement? It’s possible. But that will largely depend on how you generate income. Will it be from working? Will it be from retirement plans? And if it does come from...

 

Tuesday, October 12, 2021

Retirement Plan Choices for Small Businesses As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees?...

 

Monday, October 4, 2021

Navigating Retirement Pitfalls Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Some classic financial missteps have been known to plague retirees, too. Calling...

 

Monday, September 27, 2021

Exploring the Federal Student Grant Program You may have heard of the Free Application for Federal Student Aid, or FAFSA, if you or someone you know has plans to attend a college, career school, or university. Last year, over 60% of...

 

Tuesday, September 21, 2021

Diversification, Patience, and Consistency Regardless of how the markets may perform, consider making the following part of your investment philosophy: Diversification. The saying “don’t put all your eggs in one...

 

Monday, September 13, 2021

Retirement Realities Expectations vs. Reality Predicting exactly what your retirement will be like is about as possible as a meteorologist predicting the weather correctly every single time. In fact, few retirees find their financial...

 

Tuesday, September 7, 2021

Building Your Legacy Carve your name on hearts, not tombstones. A legacy is etched into the minds of others and the stories they share about you.1Shannon L. Alder The desire to leave a legacy may be the height of altruism for it is a...

 

Monday, August 30, 2021

Understanding Homeowner’s Insurance Purchasing homeowner’s insurance is not only critical for protecting your home, your personal property and against any potential liability, but if you have a mortgage, your lender will...

 

Monday, August 23, 2021

Will Power Only 45 percent of adults have a will or other estate documents in place, which may not be entirely surprising.1 No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once...

 

Monday, August 16, 2021

Where Will Your Retirement Money Come From? For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security Social Security is the government-administered...

 

Monday, August 9, 2021

What's So Great About a Rollover? Changing jobs can be a tumultuous experience. Even under the best of circumstances, making a career move requires a series of tough decisions, not the least of which is what to do with the funds in...

 

Monday, August 2, 2021

 

Monday, July 26, 2021

Prevent a Rift: Money Tips for Newlyweds Research suggests that 70% of married millennial couples argue about financial decisions more than any other topic. This could explain why some experts say financial problems are one of the top...

 

Monday, July 19, 2021

Password Protection Strategies We all know that the more complicated a password is, the better. They should include a mixture of numbers, punctuation marks and symbols, and uppercase and lowercase letters. Or should they? Recent...

 

Monday, July 12, 2021

Orchestrating Your Retirement Accounts An orchestra is merely a collection of instruments, each creating a unique sound. It is only when a conductor leads them that they produce the beautiful music imagined by the composer. The same...

 

Tuesday, July 6, 2021

Mutual Funds vs. ETFs The growth of exchange-traded funds (ETFs) has been explosive. In 2002, there were only 102; by 2020, there were over 7,000 investing in a wide range of stocks, bonds, and other securities and instruments.1 At...

 

Monday, June 28, 2021

Buying Auto Insurance For Teen Drivers Driving may be a rite of passage for teenagers, but for parents, having a teenage driver can be stressful and expensive. Your child will need auto insurance coverage as soon as they receive their...

 

Monday, June 21, 2021

The Anatomy of an Index Did you know that more than $11.2 trillion in assets are benchmarked to the Standard & Poor’s 500 Composite Index, including $4.6 trillion in index assets?1,2 The S&P 500 is ubiquitous – we see it on...

 

Monday, June 14, 2021

TIPS for Inflation In February 2018, Jerome Powell was appointed as Chair of the Board of Governors of the Federal Reserve System. He became the 16th chair to take over the helm of the world’s most influential central bank.1...

 

Monday, June 7, 2021

Pay Yourself First Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most-basic tenets of sound investing involves the...

 

Tuesday, June 1, 2021

Important Birthdays Over 50 Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last. When you are older...

 

Tuesday, May 25, 2021

Value vs. Growth Investing Looking at their recent track records doesn’t do much to settle the debate. Over the past decade, as a whole, value stocks have not performed as well as growth stocks. But looking at a larger body of...

 

Monday, May 17, 2021

Rebalancing Your Portfolio Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a...

 

Monday, May 10, 2021

What Is a Roth 401(k)? While many people are familiar with the benefits of traditional 401(k) plans, others are not as acquainted with Roth 401(k)s. Since January 1, 2006, employers have been allowed to offer workers access to Roth...

 

Tuesday, May 4, 2021

Traditional vs. Roth IRA Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 36.1 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by...

 

Tuesday, April 27, 2021

Four Really Good Reasons to Invest Forty-six percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹ Individuals may cite different reasons for not...

 

Monday, April 19, 2021

Estate Management Checklist Do you have a will? A will enables you to specify who you want to inherit your property and other assets. A will also enables you to name a guardian for your minor children. Do you have healthcare documents...

 

Monday, April 12, 2021

Tax Rules When Selling Your Home How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules....

 

Monday, April 5, 2021

When Should You Take Social Security The Social Security program allows you to start receiving benefits as soon as you reach age 62. The question is, should you? Monthly payments differ substantially depending on when you start...

 

Monday, March 29, 2021

Helpful Retirement Strategies for Women Preparing for retirement can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning...

 

Monday, March 22, 2021

Countering Counterfeit Currency Believe it or not, the agency responsible for protecting U.S. currency is the United States Secret Service. The agency was founded on July 5, 1865 as part of the Department of the Treasury to combat the...

 

Monday, March 15, 2021

Asset Allocation If you live in or have visited a big city, you’ve probably run into street vendors – people who sell everything from hot dogs to umbrellas – on the streets and sidewalks. Many of these entrepreneurs...

 

Tuesday, March 9, 2021

And the Executor Is U.S. Supreme Court Justice Warren Burger is famous for more than just his time on the bench. When he died in 1995, he left a 176-word will that gave no specific power to his executors.1 As a result, he reportedly...

 

Monday, March 1, 2021

What Is a Roth 401(k)? While many people are familiar with the benefits of traditional 401(k) plans, others are not as acquainted with Roth 401(k)s. Since January 1, 2006, employers have been allowed to offer workers access to Roth...

 

Monday, February 22, 2021

Inflation - Back to the Future Inflation sometimes seems like one of those afflictions of an era long since passed into the history books. While it’s true that double-digit inflation has been absent for the last 30 years or more,...

 

Tuesday, February 16, 2021

How the Federal Reserve Works Have you ever taken a close look at paper money? Each U.S. bill has the words “Federal Reserve Note” imprinted across the top. But many individuals may not know why the bill is issued by the...

 

Monday, February 8, 2021

Where Will Your Retirement Money Come From? For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security Social Security is the government-administered...

 

Monday, February 1, 2021

Problems with Probate Many of us hope to leave something behind for our loved ones when we pass away. But the probate process is complex. To understand how to better manage potential probate fees, let’s explore what probate is...

 

Monday, January 25, 2021

Important Birthdays Over 50 Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last. When you are older...

 

Tuesday, January 19, 2021

Value vs. Growth Investing Looking at their recent track records doesn’t do much to settle the debate. Over the past decade, as a whole, value stocks have not performed as well as growth stocks.1 But looking at a larger body of...

 

Monday, January 11, 2021

Catch-Up Contributions A recent survey found that 23% of people were very confident about having enough money to live comfortably through their retirement years. At the same time, 33% were not confident.1 Congress in 2001 passed a law...

 

Monday, January 4, 2021

Will Power Only 45 percent of adults have a will or other estate documents in place, which may not be entirely surprising.1 No one wants to be reminded of their own mortality or spend too much time thinking about what might happen once...

 

Monday, December 28, 2020

Social Security: Maximizing Benefits Most understand that waiting to claim Social Security benefits can result in higher monthly payments. However, many don’t know that there are other ways to maximize their benefits, some of...

 

Monday, December 21, 2020

When Heirs are Imperfect Passing your estate to an heir with credit problems or a gambling or alcohol addiction might not only lead to that wealth being squandered, but the inheritance could worsen the destructive behaviors. Of course,...

 

Monday, December 14, 2020

Five Most Overlooked Tax Deductions Who among us wants to pay the IRS more taxes than we have to?1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible....

 

Monday, December 7, 2020

Where Will Your Retirement Money Come From? For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security Social Security is the government-administered...

 

Monday, November 30, 2020

Social Security: The Elephant in the Room For most Americans, Social Security has represented nothing more than some unavoidable payroll deduction with the positively cryptic initials of “FICA” and “OASDI”...

 

Monday, November 23, 2020

Password Protection Strategies We all know that the more complicated a password is, the better. They should include a mixture of numbers, punctuation marks and symbols, and uppercase and lowercase letters. Or should they? Recent...

 

Monday, November 16, 2020

Prescription Drug Benefits Under Medicare (Part D) Medicare’s prescription drug benefit (Part D) is the part of Medicare that provides outpatient drug coverage. Part D is provided only through private insurance companies that...

 

Tuesday, November 10, 2020

Tax Rules When Selling Your Home How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules....

 

Tuesday, November 3, 2020

Orchestrating Your Retirement Accounts An orchestra is merely a collection of instruments, each creating a unique sound. It is only when a conductor leads them that they produce the beautiful music imagined by the composer. The same...

 

Tuesday, October 27, 2020

Social Security: The $64,000 Question One of the most common questions people ask about Social Security is when they should start taking benefits. This is the $64,000 question. Making the right decision for you can have a meaningful...

 

Monday, October 19, 2020

The A, B, C, & D of Medicare Breaking down the basics. Whether your 65th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical, as this government-sponsored program may play a role in...

 

Tuesday, October 13, 2020

Lesser Known Provisions of the SECURE Act The SECURE Act was passed into law in late 2019 and changed several aspects of retirement investing. These modifications included modifying the ability to stretch an Individual Retirement...

 

Tuesday, October 6, 2020

Inflation & Your Money “If the current annual inflation rate is only 2.3 percent,1 why do my bills seem like they're 10 percent higher than last year?” Many of us ask ourselves that question, and it illustrates the...

 

Wednesday, September 30, 2020

Retirement Realities Expectations vs. Reality Predicting exactly what your retirement will be like is about as possible as a meteorologist predicting the weather correctly every single time. In fact, few retirees find their financial...

 

Wednesday, September 23, 2020

Social Security: Maximizing Benefits Most understand that waiting to claim Social Security benefits can result in higher monthly payments. However, many don’t know that there are other ways to maximize their benefits, some of...

 

Wednesday, September 16, 2020

When Should You Take Social Security The Social Security program allows you to start receiving benefits as soon as you reach age 62. The question is, should you? Monthly payments differ substantially depending on when you start...

 

Wednesday, September 9, 2020

Countdown to College As a parent, of course you want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the...

 

Wednesday, September 2, 2020

And the Executor Is U.S. Supreme Court Justice Warren Burger is famous for more than just his time on the bench. When he died in 1995, he left a 176-word will that gave no specific power to his executors.1 As a result, he reportedly...

 

Wednesday, August 26, 2020

Three Key Questions to Answer Before Taking Social Security Social Security is a critical component of the retirement financial strategy for many Americans, so before you begin taking it, you should consider three important questions....

 

Wednesday, August 19, 2020

IRA Withdrawals that Escape the 10% Tax Penalty The reason withdrawals from an Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a...

 

Wednesday, August 12, 2020

Fallen Tree Damage—Who Pays? As a homeowner, are you responsible for the damage caused by a tree on your property that hits your neighbor’s home or other insured structure, such as a garage or shed? In most cases, the...

 

Wednesday, August 5, 2020

Is a SEP-IRA Right for Your Business? If you're like many small business owners, running your own business is an all-consuming endeavor. In the face of everyday demands, choosing a retirement plan for your business can become a...

 

Wednesday, July 29, 2020

Certain Uncertainties in Retirement The uncertainties we face in retirement can erode our sense of confidence, potentially undermining our outlook during those years. Indeed, according to the 2017 Retirement Confidence Survey by the...

 

Tuesday, July 21, 2020

Four Really Good Reasons to Invest Forty-six percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹ Individuals may cite different reasons for not...

 

Wednesday, July 15, 2020

TIPS for Inflation In February 2018, Jerome Powell was appointed as Chair of the Board of Governors of the Federal Reserve System. He became the 16th chair to take over the helm of the world’s most influential central bank.1...

 

Wednesday, July 8, 2020

Do Your Kids Know The Value of a Silver Spoon? You taught them how to read and how to ride a bike, but have you taught your children how to manage money? One study households with student loan debt showed that the average amount owed...

 

Tuesday, June 30, 2020

Important Birthdays Over 50 Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last. When you are older...

 

Wednesday, June 24, 2020

How to Make the Tax Code Work for You By April 19, 2019, 137 million taxpayers had dutifully filed their federal income tax returns.1 And they all made decisions about deductions and credits – whether they realized it. When you...

 

Wednesday, June 17, 2020

Healthy Body, Healthy Pocketbook Many people have a clear vision of what their ideal retirement looks like. Some desire vacation homes in tropical destinations, while others plan to spend quality time with their grandchildren and...

 

Wednesday, June 10, 2020

9 Facts About Retirement Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of...

 

Wednesday, June 3, 2020

“Dirty Dozen” Tax Scams to Watch For Every year the Internal Revenue Service (IRS) releases its list of tax scams, spotlighting the myriad ways that people try to separate you from your money.¹ The “Dirty...

 

Wednesday, May 27, 2020

Password Protection Strategies We all know that the more complicated a password is, the better. They should include a mixture of numbers, punctuation marks and symbols, and upper- and lower-case letters. Or should they? Recent research...

 

Wednesday, May 20, 2020

Prevent a Rift: Money Tips for Newlyweds In a recent study, 88% of millennials admitted that financial decisions are a source of tension in their relationship with a spouse or partner. This could help explain why some experts say...

 

Wednesday, May 13, 2020

How Women Can Prepare For Retirement When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s...

 

Wednesday, May 6, 2020

Social Security Benefits: How Much Will I Receive Next to “When should I claim Social Security benefits?”, one of the more common questions people have is “How much will I receive?” Calculating your potential...

 

Wednesday, April 29, 2020

The Anatomy of an Index Did you know that more than $9.9 trillion in assets are benchmarked to the Standard & Poor’s 500 Composite Index, including $3.4 trillion in index assets?1,2 The S&P 500 is ubiquitous – we see it on...

 

Wednesday, April 22, 2020

Mortgages in Retirement Anyone who has gone through the process of mapping out their retirement knows there can be a lot to keep in mind. Saving, investing, anticipating medical costs, and making sure you have enough tucked away for...

 

Thursday, April 16, 2020

Rebalancing Your Portfolio Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a...

 

Tuesday, April 7, 2020

Pullbacks, Corrections, and Bear Markets The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower....

 

Tuesday, March 31, 2020

What Do Your Taxes Pay For? Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money. In 2017, as in recent years, Americans spent more on taxes than on groceries,...

 

Monday, March 23, 2020

Creative Ways to Motivate Your Employees The common thread that runs through all small businesses, from professional services to manufacturing, is that a motivated workforce is central to the business’s success. Here are some...

 

Tuesday, March 17, 2020

Budgeting After a Divorce Full Size Version Download the Worksheet

 

Thursday, March 12, 2020

Four Reasons Millennials Need an Estate Strategy You’re young, have little in savings, and might not have anyone relying on you, financially. So, why do you need to think about estate management?1 Here are four great reasons:...

 

Friday, March 6, 2020

The SECURE Act The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to...

 

Monday, March 2, 2020

Asset Allocation If you live in or have visited a big city, you’ve probably run into street vendors – people who sell everything from hot dogs to umbrellas – on the streets and sidewalks. Many of these entrepreneurs...

 

Monday, February 24, 2020

A Decision Not Made Is Still a Decision Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, “Almost any decision...

 

Friday, February 14, 2020

Budget Check Up: Tax Time Is the Right Time Every year, about 140 million households file their federal tax returns.1 For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage,...

 

Thursday, February 6, 2020

The Lowdown on Those Free Credit Scores The Fair and Accurate Credit Transaction Act of 2003 provided individuals with valuable rights to the credit information that companies keep on them, but did you know the credit score provided to...

 

Thursday, January 30, 2020

Buying vs. Leasing a Car Some people approach buying a car like they approach marriage, “‘til death do us part.” Others prefer to keep their options open, trading in every few years for the latest make and model, the...

 

Wednesday, January 22, 2020

Four Steps to Valuing an Estate Determining the value of an estate is a fundamental first step in estate management and a critical requirement for settling a decedent’s estate.1 How to Assess the Value of an Estate Select the...

 

Thursday, January 16, 2020

A Brief Guide To Condo Insurance The ownership structure of a condominium unit is different from that of a single family house. Here’s what you need to know when purchasing insurance for your condo.1 Understand the Master Policy...

 

Thursday, January 9, 2020

5 Benefits of Working in Retirement In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to...

 

Thursday, January 2, 2020

The Three Keys to a Great Password

 

Friday, December 27, 2019

A Penny Saved is Two Pennies Earned This modern twist on the Ben Franklin maxim reflects the multiplicity of taxes to which earnings are subject in today’s world.¹ Finding ways to manage expenses is one of the cornerstones...

 

Thursday, December 19, 2019

Understanding Long-Term Care Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy. The U.S. Department of Health and Human...

 

Tuesday, December 10, 2019

Caring for Aging Parents Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 60 is growing. The United Nations estimates that by 2050 the number of people aged 60 and older will have more...

 

Wednesday, December 4, 2019

Debt Stress The average American household with debt owes $132,158. And credit card debt accounts for $15,675 of that.¹ Little wonder that money worries are a major cause of stress. The Link Between Stress and Health Humans have...

 

Monday, November 25, 2019

All Muni Bonds Are Not Created Equal The city of Detroit emerged from bankruptcy in 2014. Still, its previous inability to pay investors left some questioning their long-held assumption about the relative safety of municipal bonds...

 

Wednesday, November 20, 2019

Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 33.2 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 22.5 million...

 

Thursday, November 14, 2019

Financial Aid for Students 101 Preparing for college while still in high school can be difficult for even the most academically minded student. These days, you need to excel in the classroom, make sure you’re involved in...

 

Wednesday, November 6, 2019

Eight Mistakes That Can Upend Your Retirement Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy: Yes,...

 

Monday, October 28, 2019

Critical Estate Documents Financial Documents Joint Ownership Durable Power of Attorney Living Trust What does it do? Enables you to own property jointly with another person Authorizes someone to handle legal and financial decisions if...

 

Wednesday, October 23, 2019

Please Leave Home Without It Concerns over identity theft continue to grow, especially with the news of data breaches at major companies and financial institutions. Unfortunately, you have little control over when a company is hacked,...

 

Wednesday, October 16, 2019

Social Security: Five Facts You Need to Know Social Security can be complicated and, as a result, many individuals don’t have a full understanding of the choices they may have. Here are five facts about Social Security that are...

 

Wednesday, October 9, 2019

Getting a Head Start on College Savings The U.S. Department of Agriculture estimates a middle-income family with a child born today can expect to spend about $285,000 to raise that child to the age of 17.¹ That’s roughly...

 

Tuesday, October 1, 2019

Catch-Up Contributions A recent survey found that 23% of people were very confident about having enough money to live comfortably through their retirement years. At the same time, 33% were not confident.1 Congress in 2001 passed a law...

 

Tuesday, September 24, 2019

A Taxing Story: Capital Gains and Losses Chris Rock once remarked, “You don’t pay taxes – they take taxes.”1 That applies not only to income, but also to capital gains. Capital gains result when an individual...

 

Friday, September 20, 2019

A Brief History of Estate Taxes Tip: Regardless of your net worth, it’s critical to understand your choices when developing an estate strategy. Federal estate taxes have been a source of funding for the federal government almost...

 

Wednesday, September 18, 2019

9 Facts About Retirement Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of...

 

Sunday, March 3, 2019

The goal of financial advising is to help your clients develop financial plans that help them meet their life goals. There is not a one-size-fits-all approach to financial planning. Financial advice and wealth management should be...

 

Saturday, February 16, 2019

If you’re like most everyone else, estate planning is probably nowhere to be found on your to-do list. You’re relatively young and healthy. You go to the doctor every year for your physical exam. You exercise regularly, and...

 

Friday, February 8, 2019

Until recently, it seemed that the world of finance and financial advising had missed the women’s liberation movement entirely. Matters of money were still considered to be reserved for men, and women were taught to marry well...

 

Saturday, February 2, 2019

The good news for people who want to manage their own finance is that there is an extraordinary amount of information available online about a wide variety of investments. The bad news is that there is an extraordinary amount of...

 

Thursday, July 19, 2018

The Trump administration’s new tax reform bill was signed into law in December of 2017, representing the first major tax change in over 30 years. The changes are significant and are likely to affect nearly everyone in some...

 

Thursday, July 5, 2018

Started in 1996, 529 plans provide tax incentives for those saving for post-secondary education. The plan allows funds saved to be used at any eligible education institution, which typically includes colleges, universities, vocational...

 

Thursday, June 21, 2018

Health insurance used to be a fairly simple process. But today, whether obtaining health insurance privately or through an employer, we’re being offered a variety of insurance plans with varying benefit levels, making the choice...

 

Thursday, June 7, 2018

The U.S is considered the most generous country in the world, with two-thirds of Americans giving to charities annually. And this number continues to grow, with giving levels increasing every year since 2009. In 2016, an estimated $390...

 

Thursday, May 24, 2018

Credit Management in the 21st Century In today’s world, good credit is a necessity. Today, our credit score affects much more than our ability to buy a house or finance a car. Our credit score can also affect our insurance...

 

Thursday, May 10, 2018

 

Thursday, April 26, 2018

 

Thursday, April 12, 2018

Remember way back to your first paycheck. The moment you open the envelope anticipating the windfall when all your hard work pays off. Then, like a swift kick to your gut, realty hits. Your takeaway earnings are almost always way lower...

 

Thursday, March 29, 2018

Accumulating wealth turns out to be a double-edged sword for business owners. It certainly has its privileges, but it also comes with additional risk exposures. In a 2011 Zogby survey, 92 percent of people with a high new worth...

 

Thursday, March 15, 2018

Inheritances are a complicated thing. Not only are there often strings attached in the eyes of the government, unexpected taxes, and complicated bequeathments, but there are also potential conflicts within families. And not to mention...

 

Thursday, March 1, 2018

The decision making process for single parents begins with the traditional question of determining how much life insurance is the right amount. The simple answer to how much life insurance is enough is quite simple. It depends. So, the...

 

Thursday, February 15, 2018

Congratulations Newlyweds! Your fresh union symbolizes a new beginning facing the world. But before the glow of wedded bliss wears, it’s crucial to talk about finances. Financial planning for newly married couples is a must, but...

 

Tuesday, February 6, 2018

In light of Friday’s dramatic drop in the Dow Industrials and the other broad indices in the US many retail investors are concerned and looking for guidance. People have become very comfortable with the bull market in equities...

 

Thursday, February 1, 2018

Many people, who have achieved success and wealth through their business, have done so with their intellectual capital. What exactly is intellectual capital? This is the sum of the business’ hidden assets, such as its human...

 

Thursday, January 18, 2018

 

Thursday, January 4, 2018

We’re all familiar with fitness fanatics, raving about life changing workouts guaranteed to get you into tip top shape. While there is a new fitness craze in the air, it’s time to exercise your wallet. Financial Fitness is...

 

Thursday, December 21, 2017

I don’t know about you, but for me every paycheck is like a mini Christmas that ends nearly immediately when reality sets in. Bills, rent and saving for retirement makes every payday a budgeting reality. So in these times,...

 

Thursday, December 7, 2017

As if business owners didn’t have enough to contend in managing their business and personal finances, there is one particular aspect of their financial lives that is often neglected until it’s too late, and that is the...

 

Thursday, November 23, 2017

30 is a divisive number. To the young, it’s the time when you’re thrust into full blown adulthood, whether you’re ready or not. To the young at heart, 30 may be considered the early years before your true confidence...

 

Thursday, October 26, 2017

Nearly every day, we’re told that saving is the key to financial success. But for many, living paycheck to paycheck isn’t just unavoidable but a reality faced every month. But there is hope, and there are many easy to use...

 

Thursday, October 12, 2017

Smart-phones are less of an option these days and more of an extension of everyday life. Your phone is there for you when you need to know the weather, connect with your friends and colleagues, and when you just have to post that...

 

Thursday, September 28, 2017

You’re 25 and feeling alive. You’re settling into life after university, paying off your debts and slowly figuring how to “adult”. But with the responsibility of bills, rent, and even keeping up social...

 

Thursday, September 14, 2017

If you’re just starting to take charge of your financial future, it can be stressful approaching financial planning with confidence. Do you ever talk to your bank or financial manager and think that they’re speaking a...

 

Thursday, August 31, 2017

Remember your mid-twenties when retirement seemed like a lifetime away, and living paycheck to paycheck was not only the norm, but your reality. ‘If only I knew then what I know now’ can be heard echoing throughout offices...

 

Thursday, August 17, 2017

It is no secret that the typical American is working long hours with little respite compared to other countries with large economies. Full-time employees report an average work week of 47 hours and four out of 10 American workers say...

 

Thursday, August 3, 2017

Have you ever stopped to wonder why 60 is considered retirement age? Some public services - like the police force in certain countries - require you to stop working at 60. For most, retirement age, which traditionally varies from 60 -...

 

Thursday, July 20, 2017

For some people, getting an auto insurance quote is a lot like spinning a roulette wheel; you don’t know what will come up, and each time you spin it (getting quotes from different companies) it’s always different. Worse,...

 

Thursday, July 6, 2017

When people warn you that having kids is expensive, it’s no joke. From diapers to food, braces to sports activities the costs add up quick. For a middle-income family in the U.S. raising a child up until age 18, costs an...

 

Thursday, June 22, 2017

Summer’s finally here. The sun is out, it’s warm, the days are longer, and your worries seem just a little bit further away. But, folks, I’m sorry to say, sometimes storms roll in on the sunniest of days. And if...

 

Thursday, June 8, 2017

If you’ve ever played the Game of Life board game, it becomes clear that compressed into the colorful path there are various stages of life. Each stage holds its own major financial challenges as well as prospective profits in...

 

Thursday, May 11, 2017

Without fail as Tax Day approaches every year, the mind whirls while you check boxes and fill in numbers about everything you could have, should have, would have done to save more money on taxes. Could you have saved more? Invested...

 

Thursday, April 27, 2017

Vacation season is almost upon us and, for many Americans who haven’t traveled abroad in several years, their vacations have been years in planning. However, even the best laid plans can quickly come unraveled if you don’t...

 

Thursday, April 13, 2017

The term beneficiary crops up every now and again. Usually you’ll see it on an insurance form or hear about it in relation to a will, but despite the nonchalance we toss the term around with, beneficiaries are incredibly...

 

Monday, March 13, 2017

After the ball drops on New Year’s Eve, we dig up our hopes and dreams and make some resolutions. Getting back in the gym, losing weight, and eating clean, are usually at the top of the list, but what about your finances? The...

 

Monday, February 27, 2017

The tax code, with all of its hundreds of pages of regulations, stipulations, and loopholes always leave something be learned. Not only is the U.S. Internal Revenue Code massive, different write-offs and deductions occur at different...

 

Monday, February 13, 2017

Roses are red, violets are blue, Valentine’s Day can be cheap, hooray for you! Right after New Year’s the red, pink, and white move in to the shopping aisles to serve as a perpetual reminder that Valentine’s Day is...

 

Wednesday, January 25, 2017

You think back fondly on those halcyon collegiate days--studying in the quad, late-night pizza, tailgating for the big tailgating game, dorm living, tossing your graduation cap in the air...beyond the lifelong friends and the parties...

 

Tuesday, October 18, 2016

The annual meeting is rescheduled to sometime later this quarter and the family reunion is sometime next summer, but like certain holidays and your birthday you know you can always count on a few specific dates. It’s reassuring....

 

Tuesday, October 18, 2016

There comes a point in life where you want to begin sharing or gifting all the things you’ve collected over the years—stories, wisdom, financial wealth. And unlike the Ancient Egyptians believed, you cannot take your...

 

Tuesday, September 20, 2016

Here’s a thought: retirement doesn’t mean the end. It doesn’t mean an end of self-importance or purpose, it just means a new chapter—a paradigm shift of what life is beyond long days and meetings and bosses....