Blog
We write about and share relevant wealth management topics. We hope that our blog content will assist you in making informed financial planning decisions.
The Advantages and Challenges of Hybrid Work
With the right planning and strategy, it can be a win-win for everyoneThe COVID-19 pandemic brought about a significant shift in the way we work. Many organizations were forced to quickly adopt remote work arrangements to ensure...
Read MoreA New Financial Crisis or a Typical Bear Market?
Comparing 2008/09 with the current financial landscape offers guidanceThe 2023 global economy has been experiencing a period of turmoil, marked by aggressive responses from governments, regulators, and the biggest banks as the world...
Read MoreRetirement Planning for Teacher and Public School Workers
Many public school workers in different positions devote their lives to furthering the education of young people. The ability to enjoy a secure retirement is an objective that many teachers and their colleagues pursue years before they...
Read MoreLife Insurance: Business Applications
What is business life insurance?Life insurance is an important part of a business. It may be used as a funding mechanism for your buy-sell agreement and as business interruption insurance to pay the business for interruptions caused by...
Read MoreThe Gender Wealth Gap and How to Close It
Tips to create a more equitable future for ourselves and future generationsIt's no secret that there are unique financial challenges women face that their male counterparts may not. From the gender pay gap to biases to caregiving...
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Thinking About Emerging Markets This Year?
Sure there is plenty of growth potential, but there are also a lot of risksAfter a tumultuous couple of years, emerging markets equities appear to be bouncing back, offering a glimmer of hope for investors in 2023.Despite a slew of...
Read MoreSilicon Valley Bank Is the 2nd Largest Bank Failure
It will take some time, but the FDIC was designed for moments like thisThe FDIC-seizure of Silicon Valley Bank is the second-largest US bank failure in history as it held $209 billion in assets at the time of its collapse. Even after...
Read MorePlanning for Earned Income in Retirement
What is it?If you're like a lot of people, retirement won't be the world of gardening, golfing, traveling, and tennis you once envisioned. Rather, retirement will mean relaxing and working. Maybe you've retired from your "regular" job...
Read MoreDebt Ceiling Anxiety Should Not Worry Investors
The best course is to have a plan for what to do if markets take a sharp turn. Investor worries about the potential impact of a default on the value of government bonds are a growing concern in today's uncertain financial landscape....
Read MoreClose to Retirement? What to Know About the Secure Act 2.0
Are you getting close to retirement and trying to stay on top of any changes to the retirement laws that may impact your goals and strategy? With the Secure Act 2.0 now signed into law, there are numerous retirement-related provisions...
Read MoreWhy Exercise Is a Critical Component of a Healthy Lifestyle
When people talk about a healthy lifestyle, one of the first things that comes to mind is exercise. The thought of exercise may be daunting to some, but it is a crucial component of staying healthy and improving longevity. Luckily...
Read MoreHow to Create the Best Personal Finance Spreadsheet
Creating budgets isn’t always the most fun activity, but it can be easy to budget if you take the time to make a template that works for your needs. There are various financial trackers out there, but the most widely used (and...
Read MoreFinding Focus with Financial Planning: A Step-By-Step Guide
You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...
Read MoreHow to Teach Your Children Financial Wellness
Teaching children about financial wellness should start at an early age. Learning how making money, saving, and spending is related and the first step in teaching your child how to understand the value of money. Children learn from...
Read MoreWhat is Financial Wellness?
Financial wellness is living a healthy economic life for yourself and feeling good about your financial situation. It is also an essential part of taking care of yourself and those around you. Financial wellness can mean different...
Read MoreHow Our Financial Wellness Impacts Us
Financial wellness studies over the past few years indicate that investors desire financial wellness. The recent pandemic, economic and inflationary conditions, changes in work-life balance, and more responsibility for financial...
Read MoreEnd of Year Planning: Set Goals and Reduce Taxes
By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning,...
Read More6 Ways to Minimize Your Tax Liability Throughout the Year
You don't need to wait until the end of the year to look for ways to minimize your tax liability. Tax planning should take place throughout the year to have you prepared well ahead of tax season. Here are six ways to minimize your tax...
Read MoreTax Planning for Income
You don't want to pay more in federal income tax than you have to. With that in mind, here are five things to consider when it comes to keeping more of your income.1. Postpone your income to minimize your current income tax liabilityBy...
Read More3 Tips to Manage Year-End Tax Liability
With the end of the tax year fast approaching, you may want to find ways to minimize your tax liability. Implementing one or more of the simple strategies discussed below may allow you to hold on to more of your earnings, potentially...
Read MoreKnow What You Are Worth Today to Map Out Your Financial Future
It does not matter how much money you have today; you still must know the details of what you are worth. Understanding your financial situation can help you develop a retirement plan, pay down debt, and live with financial independence.
Read MoreRetirement Legislation Awaits Further Action
Legislation that benefitS people with individual retirement accounts (IRAs) and workplace retirement plans is currently moving through Congress. The Securing a Strong Retirement Act of 2022 has passed almost unanimously in the house.
Read MoreIRS Increases 401(k) Limit By Record Amounts
On Oct 21, the IRS announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22.5K up from $20.5K for 2022. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments.
Read MorePersonal Deduction Planning
The trick to minimizing your federal income tax liability is to understand the rules and make the most of your tax planning opportunities. Personal deduction planning is one aspect of tax planning.
Read MoreFinancial Planning Strategies
Planning is the key to creating your best retirement. You need to plan, save, invest, and plan some more. And despite the naysayers suggesting that Social Security will be bankrupt, make sure you plan for it (or not).
Read MoreMutual Funds: Tax Planning
In order to help enhance the return on your investment in mutual funds, it's important for you to know how to determine income or gain from mutual funds, how to calculate your capital gains tax liability and when to buy or sell mutual funds
Read MoreA Fall Financial Checklist
It’s been said that planning is bringing the future into the present so you can do something about it now, and that’s especially true when it comes to your end-of-year finances.
Read MoreStudent Loan Debt Could Push Us to a Recession
How does the student loan crisis compare to the subprime mortgage crisis? Will the student loan crisis push us to another recession in 2022? What will Congress do?
Read MoreWhat Should Millennials Consider Doing With Their Money?
As the oldest millennials have reached their forties, this generation is purchasing homes, paying off student loans, and starting their families. These 30-to-40-year-olds represent a powerful economic force.
Read MoreBalancing a Retirement Portfolio with Asset Allocation
The combination of investments you choose is as important as the individual investments themselves. In fact, many experts argue that it's even more important since it accounts for most of the ups and downs of a portfolio's return.
Read MoreAll You Need To Know About Trusts
Set up trusts to minimize estate taxes, avoid probate, and seamlessly transfer your assets to your heirs.Simply put: A trust is a legal arrangement in which a certain amount of property or assets is held by a person or entity.
Read MoreStocks - An Introduction
A stock represents a share of ownership in a business. When you hold one or more shares of stock in a company, you actually own a piece of that company.
Read MoreSummer: Great Time to Teach Kids About Money
Teaching your kids now may be the best gift that you ever give them. A four- or five-year-old child may seem too young to grasp the concept of money management, but even at an early age, children waiting in a supermarket checkout line...
Read More4 Tips and Resources to Help Seniors During Periods of High Inflation and Market Volatility
4 Tips and Resources to Help Seniors During Periods of High Inflation and Market VolatilityIn 2022, U.S. inflation hit a 40-year high, with prices for food, housing, gasoline, and other key staples increasing by nearly 10% over the...
Read More3 Investing Lessons For Beginners You Won't Learn In School
3 Investing Lessons For Beginners You Won't Learn In SchoolTwenty-one U.S. states, including Kentucky, Texas, and Virginia, require public schools to provide high school students with financial literacy courses.1 But even among the...
Read MoreFourth of July Facts
Each year at the beginning of July, Americans don their red, white, and blue in celebration of the United States’ declaration of independence from England.While we might be able to take a guess at how much money Americans spend...
Read More3 Reasons It Is So Bad It is Good
Summer is finally here, but 2022 is still shaping up to be one of the worst years for investors ever. That’s the bad news, the good news is the year isn’t over yet and here are three reasons the bulls shouldn’t throw...
Read MoreThe Economy Is Slowing But Not Shrinking
Many pundits are issuing recession warnings and saying the economy is heading for a hard landing. Amid the cacophony of voices, we think the economy is slowing just like central bankers want but not shrinking. Further, we argue that a...
Read MorePlanning For Unexpected Costs Before You Retire
Your retirement planning needs to incorporate more than just investments Your open heart and your relatives can combine to threaten your retirement savings – savings you soon may need. Learn the true cost to your future...
Read MoreThe Buying vs. Renting a Home Dilemma in 2022
Think about what’s suitable for you – not what others think is suitable for youSpring is a time for fresh starts and, for some, a new home. Before you head out to open houses, your first question should be: Should I own a...
Read MoreFatherly Advice: Timeless Financial Tips Our Fathers Taught Us
Although many things have changed in the financial world over the past 20 years, some nuggets of financial advice are timeless. Here are a few tips that have remained constant for several generations.Always Spend Less Than You...
Read MoreDawn of a New Era for Core Bonds
Core bond investors have experienced the worst start to the year ever. However tough this year has been so far though (and it has been tough), the potential for future returns has improved meaningfully, in our view. Starting yields...
Read MoreIs An Annuity Appropriate for You?
Having enough retirement income is concerning for some Americans. Although consistent contributions into their retirement savings plans have occurred, many are concerned if their retirement plan will be successful. A successful...
Read More7 Health Appointments to Schedule in the New Year
Many people make resolutions to improve their health in the new year, but making healthy changes goes beyond exercise and diet; you should be staying on top of your medical visits too. Here are seven appointments that you should...
Read MoreYear-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with...
Read MoreRMD Roundup: A Few Key Updates About Required Minimum Distributions
As we approach the end of 2021, now might be a good time to take a closer look at a few developments surrounding required minimum distributions (RMDs). What Are RMDs? Once you reach age 72, you are required to take minimum...
Read MoreDress Up Your Home for the Holidays
Deck your home with a cohesive seasonal theme! Here are four fresh ideas to try. Silver palace with a pop Details: mirrors • glass • silver votives and trays • crystals Colors: silver • white • grays • pop...
Read MoreSocial Security Gets Massive 5.9% Raise in 2022
The largest cost-of-living-adjustment since 1982 impacts 90% of seniors On October 13, the Social Security Administration announced that Social Security and Supplemental Security Income benefits for tens of millions of Americans will...
Read MoreUnderstanding the Estate Planning Process
A well-structured estate plan can be invaluable to you and your family It is common for people to put off planning their estates. After all, no one wants to anticipate his or her own death. In addition, many people may believe that...
Read MoreMedicare Open Enrollment for 2022: What You Need to Know
Medicare Open Enrollment begins on October 15, 2021. There are new changes to Medicare for 2022 that may impact your coverage and services in addition to regular Medicare coverage for Americans who are ages 65 and older and younger...
Read MoreFill Your Fall Bucket List
Fall is a season full of opportunity. From embarking on a hay ride to taking in the foliage, there is no shortage of ways to get out in nature and make the most of all that autumn has to offer! Start off your fall bucket list with...
Read MoreProtecting Your Financial Information Online
More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet,...
Read MoreBoomers' Post-Pandemic Retirement Concerns
For many who are decades away from leaving the workforce, retirement may seem like an abstract concept. But once you've entered your late fifties—like the youngest Baby Boomers, turning 57 in 2021—retirement may begin to...
Read MoreNatural Ways to Maintain Good Health This Fall
We all want to know the secret to staying healthy as the weather turns a colder leaf, and these are just some of the ways you can keep both your physical and mental well-being in check throughout the next few months. Make yourself a...
Read MoreBack to School Planning is So Different This Year
Rising college costs and inflationary pressures are hurting parents and kids Many parents are preparing to send children off to school this fall. While the checklists grow and the kids soak in the last few minutes of summer break,...
Read MoreCharitable Giving: Benefiting the Organizations You Want to Help
Giving away some of your money is a great way to support the people and organizations you love. But there are smart ways to do it, minimizing your taxes and avoiding pitfalls along the way. Once you have provided for your own...
Read MoreUnderstanding the Federal Gift Tax
In 2018, around one in every five new home purchasers got at least part of their down payment from a relative—and of the parents who have contributed to this down payment assistance, the average gift is $39,000.1 With the housing...
Read MoreWhat’s Next for the Real Estate Market and How Will It Impact Buyers?
We’ve all heard the outrageous stories of tumbledown houses selling for record-high prices, dozens of multiple offers within hours of a new listing hitting the MLS, and bonuses and incentives to sweeten the pot from...
Read MoreA 6.1% Bump in Social Security?
The news keeps getting better for Social Security recipients. It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2...
Read MoreInflation Varies According to Your Age & Spending
The headline Consumer Price Index is important only as a general gauge What will inflation be in the coming years? The real answer is that it varies according to your age and spending patterns. Inflation could wallop someone with kids...
Read MoreOil Prices Hit Six-Year High
On July 6, oil prices reached a six-year high of $76.98 a barrel. This benchmark came as the Organization of the Petroleum Exporting Countries (OPEC) and allies failed to reach an agreement regarding an increase in production.1 This...
Read MoreHealthcare and the Sandwich Generation
Members of the "Sandwich Generation"—or adults who have at least one parent over age 65 and at least one child who still requires financial support—often find themselves torn between their dual caregiving responsibilities.1...
Read MoreInheritance Planning Can Help Avoid Headaches
Your advisor can help ensure you leave your estate in the best possible way Families inherit money and sometimes make the right moves investing and spending. Inheritances can also ignite disruption, divorce and a host of bad behavior...
Read MoreA COLA with Your Social Security?
If there is a "silver lining" to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022.Preliminary estimates call for a 4.7% cost-of-living increase (COLA) in Social...
Read MoreAre You Ready for the Second Act of the Secure Act?
Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the second version of the SECURE Act, or SECURE Act 2.0. As the bill moves from the House of Representatives to the Senate, many...
Read MoreTravel Tips That Save
Americans seem to be traveling more than ever before and are doing so by either flying the friendly skies or sailing the seven seas. While more of us may be flying high or traveling the high seas, most of us would like to avoid the...
Read MoreABCs of Investing for College
Invest early. Invest often. Invest for growth. These are the basic principles of saving for your child’s college education. The earlier you begin a savings program, the more time you have to benefit from the power of compound...
Read MoreKeeping an Eye on Inflation
Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.” The most recent reading on consumer prices put inflation back into the conversation. The...
Read MoreMaintaining the Investment You Made in Your Home
For many Americans, the home is the single biggest purchase made during their lifetime.[1] As a result, it's important to do everything possible to keep it in good condition. Even moderate or short-term neglect can be dangerous, as...
Read MoreTop 5 Tips for Making Sound Financial Decisions
Everyone needs to make smart financial decisions that steer them toward financial independence. When people thrive financially, they may feel less financial stress, leading them to accomplish short and long-term financial goals. Here...
Read MoreGrill Cleaning Basics
Nothing beats the smell of firing up the grill in the summertime, but if you don’t take proper care of the equipment, you could end up in a dangerous situation. Follow these tips to ensure that both you—and your...
Read MoreAre Early Retirement and Pension Buyout Offers a Good Deal for You?
In today’s economy, offers of an early retirement buyout for a current employee or a pension buyout directed at a former employee are becoming common as companies look for ways to cut costs. Many large employers are offering...
Read MoreDoes a Guaranteed Income Stream in Retirement Make Sense for You?
Everyone’s retirement cash flow situation is different. Some people are prepared with enough retirement savings to last their lifetime, others are not. Still, others are unsure about the ‘ups and downs’ that can...
Read MoreA Quick Look at Life Insurance Needs
Have you ever wondered how much life insurance is “enough”? One general rule of thumb says that you should buy an amount equal to five to seven times your annual income. Sure, it may be a reasonable guideline, but this...
Read MoreDoes the 60/40 Asset-Allocation-Pie Make Sense?
No allocation can cure the ill effects of stampeding in and out of markets The magic asset allocation number so often touted is a 60/40 split between stocks and bonds. This is supposed to give you the growth potential of equities and...
Read MoreThe Great Wealth Transfer: Is Your Family Prepared?
Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are...
Read MoreTest Your Investment IQ With Our Five-Question Quiz
Whether you've been investing for years or just made your first stock purchase, you may find that the more you learn, the more you realize you don't know. From capital gains taxes to dividends, how well do you know investing? Test your...
Read MoreA Brief History and How to Look at Social Security
Is it about getting the money back or minimizing the risk of bad outcomes? Although Social Security did not come into existence until 1935, it can trace its roots back to the first national pension program for soldiers that was passed...
Read MoreTips to Keep Emotions and Investing Separate
Reducing your emotions can give you a better chance for investing success Money is always an emotional subject, but often when our emotions get involved with our investments we will make wrong decisions. And that can be a costly...
Read MoreContribute to an IRA Before the May 17 Deadline
Taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions made to their Individual Retirement Account made through May 17, 2021 (the U.S. Department of the Treasury is delaying the April 15...
Read MoreCreating an Income Plan While in Retirement
Taking money out of retirement without a plan is a recipe for trouble You‘ve saved for years. Now that you are retired, did you create an income plan from your savings? The financial industry and media constantly talk about the...
Read MoreFacing Down the Fear of Running out of Money
Tips to avoid one of the biggest retirement worries that all of us will face Retirement is a major milestone that brings many life changes. One thing that doesn't change for most people: the fear of running out of money. In fact, one...
Read MoreHow to Request a Federal Income Tax Extension
With so many tax provisions tweaked in 2020—from the CARES Act in March to the Consolidated Appropriation Act in December—some taxpayers may find it challenging to get everything together in time to file their taxes by the...
Read MoreA Checklist Comparing Traditional and Roth IRAs
Understanding the differences between Individual Retirement Accounts Currently, there are two popular Individual Retirement Accounts (IRAs) that you might consider: the traditional IRA and the Roth IRA. While both are long-term savings...
Read MorePunxsutawney Phil and the Shadow of 2021
Winter might be six weeks longer, but spring clean your investments now Punxsutawney Phil – arguably the most famous groundhog of all time – saw his shadow in 2021, predicting another six weeks of winter this year. But...
Read MoreThe Importance of Financial Wellness
Financial wellness, like physical wellness, isn’t something you should ignore. Instead, it's a critical concept for anyone who wants to be knowledgeable and confident about their finances, and in fact, financial wellness is so...
Read MoreThe New IRS Tax Rates and Deductions for 2021
Although a year away, your 2021 tax planning should have already started. Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October and a there...
Read MoreYour 2021 New Year’s (Financial) Resolutions
Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a month-by-month to-do list to cultivate better financial health. January:...
Read MoreCommon Retirement Investment Mistakes
Only one-in-four Americans (27%) feel very confident that they will have enough money to live comfortably when they retire, according to the 2020 Retirement Confidence Survey Summary Report.1 While the number is up slightly from the...
Read MoreKey Tax Deadlines for 2021
While the 2020 tax year saw some significant changes to filing deadlines due to the effects of the global pandemic, the 2021 tax season seems to be set to be on track with normal filing deadlines. With the pandemic still in sight, it...
Read MoreGetting a Jump on January Tax Season
From pandemic-related stimulus payments to job losses and furloughs, for many taxpayers, next spring's tax season may be more complex than usual. With the end of 2020 rapidly approaching, you should take some time to review your tax...
Read MoreContributing to a Charity When You Have More Time Than Money to Give
If giving to charity is important to you but you have more time than money, you may wonder whether your donation of manpower will be as valuable as cash. For many charities, the answer is an unequivocal yes. Below are some tips and...
Read MoreIRS Makes 2021 IRA Cost-of-Living-Adjustments
Understanding the income ranges and contribution limits for next year Tax law places limits on the dollar amount of contributions that you can make to Individual Retirement Accounts and by law, the IRS is required to adjust these...
Read MoreIRS Makes Annual Inflation Adjustments for 2021
Adjustments for deductions, tax rate schedules and 60 other tax provisions The Internal Revenue Service announced annual inflation adjustments for the 2021 tax year for more than 60 tax provisions, including standard deductions and the...
Read MoreThinking About Social Security Benefits at 62?
Social Security is an asset that is taken for granted by many folks. If you are tempted to take Social Security early, when first eligible at age 62, think again: your check will be lower if you don’t wait until what’s...
Read MoreEnd of Year Deadlines Checklist
2020 has been one of the most unprecedented years in recent history, but some things—like tax contributions and retirement deadlines—don't change much, if at all. And with the uncertainty surrounding just about everything,...
Read MoreHow to Balance Fun With Savings
As you start your career and work toward advancement, you are likely to hear all kinds of advice about the importance of saving and investing for the future. A healthy savings account and the right investments can help you get through...
Read More4 Common 401(k) Mistakes to Avoid
While there is no one-size fits all, avoiding these mistakes is a good start: A lot of 401(k) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding...
Read More5 Benefits of Enrolling in Medicare Advantage
Medicare part C, or better known as Medicare Advantage, is a policy offered through private insurance companies that provides medical and hospital coverage. Those who are already enrolled in Medicare parts A and B, are automatically...
Read MoreProtecting Your Financial Information Online
More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet,...
Read MoreManaging Risk With Diversification
When you first considered investing, it probably seemed like a good idea to focus heavily on what worked best for you from the beginning. If stocks from a particular company brought you high yields, why not double up on your original...
Read MorePut Savings (and Yourself) First with a Budget
Americans, it seems, are spenders. Personal savings rates are low and many people spend beyond their means. If you're among those Americans who can't seem to save, it might be time to create a budget. Getting Started Setting up a...
Read More4 Financial Planning Essentials to Ease Your Retirement Fears
When it comes to planning for retirement, it's easy to get overwhelmed. Putting together a financial strategy can be complicated at any time of life, what with changing regulations, ups and downs in the market, and disagreements...
Read More5 Problems to Solve Before You Retire
Retirement should be a reward for years of hard work, and you don't want to have to pinch every penny. You should be able to do the things you couldn't when you were punching a clock every day. You should be able to look forward to...
Read MoreAvoid Playing Politics with Your Portfolio
It can be tempting to rely on political headlines or pending legislation to time your market entry or exit points. However, letting politics drive your investment decisions can be a costly mistake. Learn more about what helps market...
Read MoreNational Life Insurance Awareness Month
Should you really consider getting life insurance when you are close to 60? September is National Life Insurance Awareness month. And while most of us likely recognize that life insurance provides us peace of mind and security, there...
Read More3 Steps to Build Your Savings
The fallout of the COVID-19 pandemic has made the need for a healthy savings account clearer than ever. Even before the pandemic, the U.S. Federal Reserve estimated that nearly 40 percent of Americans didn't have enough set aside to...
Read MorePerspective on the Second Fastest Bear Recovery
Starting with the last week in July and for the first three weeks of August, investors celebrated that the S&P 500 had advanced for four consecutive weeks, culminating with it passing its pre-COVID peak from February 19 on August 17....
Read MoreHas COVID Changed How You Think About Spending?
Four simple steps to align your spending with exactly what you value The COVID-19 pandemic has changed our lives in unprecedented ways. Many of us have been forced to stay at home more and adjust our spending habits. Some have even...
Read MoreMaking Sense of the Payroll Tax Executive Order
Why you need to be careful not to start spending your payroll tax money: After negotiations for another stimulus bill stalled for two weeks, President Trump issued an executive order suspending the collection of Social Security payroll...
Read More3 Tips for Planning Your Retirement Income
If you've been diligently saving for your retirement, you may often find yourself wondering when you can afford to set an official retirement date. The answer to this question can often depend on how much monthly or annual income your...
Read MoreCOVID Forcing Some Colleges to Close Forever
College savings tips – because the costs of college are not going down. As if the country needed another divisive topic, the debate about reopening schools this fall is splitting communities, educators and families. According to a...
Read MoreCharitable Giving: Good for Your Heart and Your 1040
It may be better to give than to receive, but it may be even better to give and see your generosity rewarded. Charitable giving can play a valuable role in your financial and tax strategies. A well-planned gift to charity could provide...
Read MoreA Mid-Year Financial Review Can Pay Off at Year End
Today, many people find themselves inundated by a constant stream of financial news from television, radio, and the Internet. Yet, does all this “information age” data really help you manage your finances any better than in...
Read MoreHow to Survive the Dog Days of Summer
It often seems as if summer lasts from Easter to Halloween. But we typically see the hottest of the hot days (the “dog days” of summer) in late July and August. And this raises some concern for keeping safe and cool....
Read MoreLearn Money Mindfulness
Money matters are complex and even scary. How you choose to approach finances mentally is key to mastering them. Financial advisors call this “money mindfulness." And it’s a mentality that can be worked on while we’re spending more time...
Read More3 Make-Your-Money-Last Tips for Retirees
After all of those years of saving, investing and planning it's finally time to retire. But what is it that those who successfully planned for the long term do to ensure their funds last for the duration of their retirement? We like to...
Read MoreExtending Tax Season Is Extending Scam Season
Tips for recognizing the telltale signs of an IRS scam and how to report it The Treasury Department and the Internal Revenue Service extended the federal income tax filing deadline from April 15, 2020, to July 15, 2020. That means that...
Read MoreThink Twice Before Speculating on a COVID-19 Cure
As hundreds of companies race to develop vaccines and drug therapies that could help end the COVID-19 pandemic, news reports on successful or failed trials affect individual stock prices and can trigger swings in the broader market...
Read MoreUsing Trusts to Manage Wealth: What Investors Should Know
Whether you manage a trust for someone else, are the beneficiary of a trust, or are thinking of creating a trust, you probably have some questions about the "best practices" of trust management. A well-managed trust can help preserve...
Read MoreThe Inflationary Impact of COVID-19 Stimulus
Should you worry about inflation, deflation, hyperinflation or stagflation? The coronavirus outbreak, which was first detected in China, has infected millions of people in hundreds of countries and has left global governments,...
Read More9 Facts About Retirement
Tip: Nearly 70% of workers expect to work for pay in retirement, but only 26% of retirees actually have done so. Retirement can have many meanings. For some, it will be a time to travel and spend time with family members....
Read MoreTen Things You Must Know About Medicare
Heading into your retirement years brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll, what to enroll in and what coverage will be best for you can be daunting. To...
Read MoreConsiderations for Charitable Giving
Any endeavor worth undertaking, especially one that may affect others, deserves our careful consideration before we begin. When contemplating charitable giving,...
Read MoreWhat You Need to Know About the Secure Act
The largest overhaul to retirement plans since 2006 is complicated The Setting Every Community Up for Retirement Enhancement Act of 2019 – the SECURE Act – passed the House of Representatives earlier this year and was...
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