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.

Friday, February 23, 2024

Passing the Torch Business succession planning is a critical process that focuses on the smooth transition of a company's leadership and ownership from one generation to the next. This checklist serves as a valuable tool for business...

Friday, February 9, 2024

How They Could Increase Your Take-Home Pay As people settle into the New Year, some may notice a slightly larger paycheck deposited into their account. The Internal Revenue Service (IRS) implemented new federal income tax brackets,...

Friday, February 2, 2024

Empower individuals to make informed decisions about their coverage In the complex landscape of healthcare coverage, individuals often find themselves navigating the options of private and public health insurance. While public plans,...

Friday, January 26, 2024

Navigating Money Stress with a Financial Professional  Money worries may be one of the biggest sources of stress—from wondering how to pay for an unexpected expense to making retirement calculations when considering leaving...

Friday, January 19, 2024

Keep connected, develop good sleep hygiene and get in fiscal shape Aging is a natural process that everyone goes through, but how we age can be significantly influenced by our daily habits. Staying fit and healthy as we grow older is...

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Friday, January 12, 2024

As the year opens, probably the last thing on your mind is filing your taxes in spring. But if you start assembling the necessary documents and information now, you’ll experience less stress and be in a far better position come...

Friday, January 5, 2024

It’s not just about how much money you make, but how much you keep. Capital gains taxes might sound like a complex financial term reserved for Wall Street tycoons, but in reality, they touch most investors and many homeowners....

Friday, December 22, 2023

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over 12...

Thursday, December 14, 2023

People have been making New Year’s resolutions for at least 4,000 years, beginning with the Babylonians, who supposedly made promises to the gods. The idea of transforming our lives for the better, from one year to the next, is...

Friday, December 8, 2023

‘Tis the season for fun, family, and a lot of spending. Whether you plan to spend money on holiday gifts for the family, are planning a holiday event, or like to use the holiday season as your time for contributing to worthy...

Thursday, December 7, 2023

Charitable giving is an excellent way for businesses to help others while taking advantage of additional tax breaks. Billions of dollars are given each year in the U.S. to a wide range of charities providing valuable community services...

Friday, December 1, 2023

The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2023 tax year. Timing is everything Consider...

Monday, November 27, 2023

Giving Tuesday is a day to extend the goodwill that the holiday season may bring to help others. With so many in need, the holiday season is a reminder to help those less fortunate. Whether you want to donate your time or contribute...

Friday, November 10, 2023

Tax planning is a year-round effort, but don’t be caught doing nothing. Tax planning can be advantageous when done during the year and well in advance of year’s end. Opportunities exist for you to mitigate tax liability,...

Thursday, October 26, 2023

Managing money may seem stressful at times. Unexpected expenses, changes in employment, and changes in family or lifestyle may all lead to money issues. Making sure you have money saved up for the unexpected is crucial. Here are some...

Monday, October 16, 2023

Have you every wondered how estate planning might fit into your overall, future plans? Even if you are just starting to build your estate and do not need complex estate planning, here’s a quick look at some steps you should...

Monday, October 9, 2023

Over the last few decades, we have become extremely driven towards fighting and ending cancer for good since the National Cancer Act was put into place in 1971. This October is Breast Cancer awareness month– in the Unites States,...

Friday, October 6, 2023

Celebrated on the second Monday of October, Columbus Day marks the arrival of Christopher Columbus in the Americas in 1492, and countries throughout this region celebrate this holiday. People have been celebrating Columbus Day since...

Tuesday, October 3, 2023

Why and How Planning personal finances used to be the worry of the wealthy and their worry—usually preservation of wealth—was attended to by teams of trust officers and lawyers. Many of today’s middle class families...

Friday, September 29, 2023

In 2020, the average FICO score in the U.S. rose to 711, an eight-point increase from 2019.1 When it comes to having healthy credit, your score is the result of many factors. But what specifically goes into someone's credit report...

Monday, September 25, 2023

If you find yourself using most of your income on necessities with little money left over at the end of the month, you aren’t alone. The general rule of thumb is to spend no more than 50 percent of your earnings on essential...

Thursday, September 14, 2023

One of the main concerns about retirement is health care. As healthcare costs continue to rise, medical bills may quickly derail your retirement plan. The good news is when you turn 65, you will be able to apply for Medicare, which...

Monday, September 4, 2023

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...

Friday, August 25, 2023

For more than 150 years, American college football has maintained its top-dog status in the U.S. sporting arena. On November 6, 1869—a mere four years after the end of the American Civil War—players from Rutgers and...

Friday, August 25, 2023

Get packing, because summer isn’t over yet! These long weekend trip ideas are enjoyable for the whole family and will accommodate any last-minute plans. Annapolis, MD This historic harbor town is just south of Baltimore and...

Tuesday, August 8, 2023

William Shakespeare is arguably one of the greatest writers to have ever lived. For 500 years, he has been revered for his beautiful language, dramatic and comic plays with clever plot twists, and laugh-out-loud humor that seems to...

Thursday, August 3, 2023

Summer could be a great time to create a back-to-retirement list, too. It’s hard to believe, but soon Labor Day will be in the books. The weather will start to turn a little cooler, college football will return and the kids will...

Monday, July 31, 2023

Investing involves setting goals for the future and weighing the risks and potential rewards associated with a wide variety of investment opportunities. If you are a new investor, this might seem like an overwhelming task. But take...

Wednesday, July 26, 2023

Preferred securities have had a Jekyll and Hyde year so far in 2023. After starting off the year as one of the best performing asset classes, returns for the ICE BofA U.S. All Capital Securities Index since March, have lagged other...

Monday, May 29, 2023

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...

Monday, May 15, 2023

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...

Monday, May 8, 2023

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...

Monday, May 1, 2023

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...

Wednesday, March 29, 2023

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...

Monday, March 20, 2023

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...

Tuesday, March 14, 2023

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...

Friday, March 10, 2023

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...

Thursday, March 2, 2023

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....

Thursday, February 2, 2023

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...

Tuesday, January 31, 2023

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...

Thursday, January 26, 2023

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...

Thursday, January 19, 2023

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...

Wednesday, January 11, 2023

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...

Wednesday, January 4, 2023

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...

Thursday, December 29, 2022

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...

Thursday, December 15, 2022

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,...

Thursday, December 8, 2022

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...

Thursday, December 1, 2022

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...

Tuesday, November 29, 2022

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...

Tuesday, November 8, 2022

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.

Thursday, November 3, 2022

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.

Monday, October 31, 2022

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.

Friday, October 21, 2022

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.

Wednesday, September 28, 2022

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).

Tuesday, September 20, 2022

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

Tuesday, September 6, 2022

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.

Friday, August 19, 2022

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?

Friday, August 12, 2022

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.

Tuesday, August 9, 2022

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.

Friday, July 29, 2022

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.

Thursday, July 28, 2022

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.

Friday, July 22, 2022

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...

Thursday, July 14, 2022

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...

Thursday, July 7, 2022

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...

Friday, July 1, 2022

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...

Wednesday, June 22, 2022

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...

Tuesday, June 7, 2022

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...

Friday, May 27, 2022

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...

Friday, May 27, 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...

Friday, May 27, 2022

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...

Thursday, May 26, 2022

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...

Wednesday, May 18, 2022

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...

Monday, May 16, 2022

Thursday, May 12, 2022

Monday, May 9, 2022

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Thursday, May 5, 2022

Saturday, April 30, 2022

Wednesday, April 20, 2022

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Wednesday, April 13, 2022

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Wednesday, April 13, 2022

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Thursday, March 31, 2022

Thursday, March 31, 2022

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Friday, March 11, 2022

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Wednesday, February 16, 2022

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Monday, January 31, 2022

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Thursday, January 27, 2022

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Tuesday, January 4, 2022

Thursday, December 23, 2021

Friday, December 10, 2021

Friday, December 10, 2021

Wednesday, November 24, 2021

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...

Wednesday, November 24, 2021

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...

Monday, November 15, 2021

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...

Friday, November 5, 2021

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...

Monday, November 1, 2021

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...

Monday, October 18, 2021

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...

Saturday, October 9, 2021

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...

Friday, October 8, 2021

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...

Tuesday, September 28, 2021

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,...

Tuesday, September 21, 2021

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...

Tuesday, August 24, 2021

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...

Monday, August 23, 2021

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,...

Sunday, August 15, 2021

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...

Tuesday, August 10, 2021

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...

Tuesday, August 3, 2021

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...

Monday, July 26, 2021

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...

Tuesday, July 20, 2021

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...

Wednesday, July 14, 2021

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...

Tuesday, July 6, 2021

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...

Thursday, July 1, 2021

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...

Monday, June 21, 2021

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...

Wednesday, June 16, 2021

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...

Wednesday, June 9, 2021

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...

Sunday, June 6, 2021

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...

Wednesday, June 2, 2021

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...

Thursday, May 27, 2021

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...

Tuesday, May 25, 2021

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...

Saturday, May 22, 2021

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...

Monday, May 10, 2021

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...

Wednesday, May 5, 2021

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...

Saturday, May 1, 2021

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...

Tuesday, April 27, 2021

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...

Tuesday, April 20, 2021

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...

Tuesday, April 13, 2021

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...

Monday, April 5, 2021

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...

Tuesday, March 30, 2021

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...

Monday, March 22, 2021

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...

Monday, March 15, 2021

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...

Sunday, March 14, 2021

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...

Wednesday, March 3, 2021

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...

Tuesday, February 16, 2021

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...

Monday, February 8, 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...

Saturday, January 30, 2021

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...

Tuesday, January 19, 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...

Monday, January 4, 2021

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:...

Monday, December 28, 2020

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...

Monday, December 21, 2020

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...

Wednesday, December 9, 2020

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...

Tuesday, December 1, 2020

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...

Tuesday, November 24, 2020

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...

Tuesday, November 17, 2020

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...

Friday, November 13, 2020

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...

Saturday, November 7, 2020

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,...

Saturday, October 31, 2020

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...

Monday, October 19, 2020

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...

Thursday, October 15, 2020

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...

Thursday, October 8, 2020

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,...

Tuesday, October 6, 2020

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...

Friday, October 2, 2020

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...

Tuesday, September 29, 2020

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...

Wednesday, September 23, 2020

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...

Monday, September 14, 2020

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...

Tuesday, September 8, 2020

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...

Friday, September 4, 2020

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...

Monday, August 31, 2020

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....

Thursday, August 27, 2020

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...

Tuesday, August 18, 2020

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...

Monday, August 10, 2020

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...

Tuesday, August 4, 2020

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...

Monday, July 27, 2020

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...

Wednesday, July 22, 2020

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...

Friday, July 10, 2020

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....

Tuesday, July 7, 2020

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...

Wednesday, July 1, 2020

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...

Tuesday, June 23, 2020

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...

Monday, June 15, 2020

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...

Monday, June 8, 2020

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...

Monday, May 25, 2020

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,...

Thursday, May 14, 2020

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....

Friday, May 8, 2020

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...

Monday, May 4, 2020

Any endeavor worth undertaking, especially one that may affect others, deserves our careful consideration before we begin. When contemplating charitable giving,...

Friday, February 28, 2020

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...