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4 Costly 529 Plan Mistakes To Avoid
For many parents, 529 college savings accounts may be a way to invest for your child’s future while perhaps saving money on taxes in some states. Here are four of the costliest 529 mistakes you might make.
Read MoreWhy Women Need Life Insurance
Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance.
Read MoreWhy Insure Your Business?
Your business represents a substantial investment of your ideas, time, and money. Because your business faces a variety of risks and perils, it's important to look at insuring it for multiple reasons.
Read MoreContinuing to Work After Drawing Social Security? What Retirees Should Know
You may continue working while drawing Social Security retirement or survivor's benefits, and here's what you need to know.
Read MoreLife Insurance: How Much Is Enough?
Determining the appropriate amount of life insurance coverage for your family can be complicated. Rather than using an arbitrary formula, such as five to seven times your annual salary, you may want to conduct a need analysis. Here's how:
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Tax-Advantaged 529 Accounts - What Families Need To Consider
There are tax-advantaged accounts designed to help families set aside funds for future college costs. There are two types of tax-advantaged college savings programs: pre-paid tuition plans and college savings plans.
Read MoreInvest in Your Financial Education During Financial Literacy Month
Whether you’re interested in a quick refresher or seeking to learn something new, it may be worth the effort to brush up on some financial concepts that give you a broader knowledge base from which to make financial decisions.
Read MoreSpring-Cleaning for Your Finances
With spring’s arrival, you may be eager to jump into your list of spring-cleaning tasks for your home and yard. However, there is another area of your life that may need some tidying up—your finances.
Read More4 Female Financial Pioneers
For decades, women have been making their mark on the business world, overcoming struggles and adversity to be able to get the same recognition as their male counterparts. Here are a few of the most well-known financial female pioneers.
Read MoreThe ABC’s of Estate Planning
There is a common misconception that estate planning is something only the affluent need to do before they die. However, estate planning is important for everyone, regardless of income level or net worth.
Read MoreBlog: 9 Facts About Retirement
Here are nine things about retirement that might surprise you.
Read MoreCredit Education Month: 4 Ways to Boost Your Credit IQ
March is National Credit Education Month in the U.S. Whether you're a credit novice or well-versed in the art of the FICO score, below are four ways to potentially boost your credit IQ.
Read MoreEverything Older Workers Need to Know About Retiring
Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking.
Read MoreConsiderations for Charitable Giving
Any endeavor worth undertaking, especially one that may affect others, deserves our careful consideration before we begin.
Read More3 Estate Planning Tips for Small-Business Owners
For business owners, estate planning may seem like another task to do on a long to-do list. Having a solid estate and succession plan in place may be crucial to your business's long-term success.
Read MoreEmpower Your Loved One: Encourage Independence
Regardless of age, we all value our independence. It is important to plan for the future while encouraging your loved ones to remain independent for as long as possible.
Read MoreSteps to Protect Yourself From Identity Theft
Identity theft hits your finances, but also can affect your taxes too. Identity theft is one of the fastest growing crimes in the United States, with as many as 10% of Americans over age 16 becoming victims last year, according to a...
Read MoreMaking Spirits Bright During the Holidays
Most people associate the holidays with a time for giving, sharing heartwarming moments with loved ones, and embracing the overall high spirits of those around us. But for those who are not necessarily close with friends and relatives,...
Read MoreFour Tips to Keep in Mind About Charitable Giving
Charitable giving is a great way to support your community, make an impact for others, or leave a legacy while saving on taxes.
Read MoreFive Keys to Authentic Retirement Happiness
The ability to enjoy our golden years is the same as the ability to be happy People say things like, “When I retire, I am going to be happy,” or “When I don’t have to work anymore, I will be happy.” The...
Read MoreSuggestions for Staying Safe Online from the IRS
Tips to help children, teens and other vulnerable groups The Internal Revenue Service (IRS) is helping families, teens and senior citizens learn about the continued importance of protecting personal information in helping fight...
Read MoreEnd of Year Financial Planning
For some, it’s easy to put personal finances on the back burner during the last few months of the year. However, before the year comes to an end, it’s essential to review your finances. By doing so now, you can make the...
Read MoreYour 2021 Year-End Planning Checklist
It may be easy to forget we're nearing the end of the year. Even during the busy end of year rush, it's a good time to reevaluate your 2021 finances and turn an eye toward 2022. What can you do now to potentially improve and streamline...
Read MoreRetirement Mistakes to Fix Before the Holidays
Spend as much time fixing your mistakes as you do planning the holidays Here are a few of the top mistakes people make in trying to fund their retirement: No specific goal. Many people say something like, “I want to retire in my...
Read MoreSocial Security's Uncertain Future: What You Should Know
Social Security is a pay-as-you-go system, which means today's workers are paying taxes for the benefits received by today's retirees. However, demographic trends such as lower birth rates, higher retirement rates, and longer life...
Read MoreA Fall Financial Checklist
For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your...
Read More3 Ways To Improve Your Finances for Self-Improvement Month
September is self-improvement month and a great time to work on your financial health. When you think of self-improvement, you likely think of your health or career but may pay little attention to your finances. Getting your financial...
Read MoreEnd of Summer Yard Cleanup
As the summer comes to a close, it’s a good time to do a little end of season cleanup to prepare for the fall season just around the corner. Garden To get ready for any fall planting, clean out garden pots and dry out or preserve...
Read MoreAt Mid-Year, Keep Your January 1st Pledges
Amid the heat of mid-summer, do you remember your New Year’s resolutions regarding your personal financial planning? How are you coming with your to-do list? It seems like only yesterday that, in late 1999, the worry du jour was...
Read MoreThe Sandwich Generation: Juggling Family Responsibilities
At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs...
Read MoreSummer 2021 Travel Safety Tips
If we’ve learned anything from 2020, it’s that life can change at the drop of a hat. While many families had to forgo their travel plans last year, there are still plenty who are questioning whether or not a safe vacation...
Read MoreDo You Have FOMO When it Comes to Investing?
Fear-of-missing-out is a very real emotion – but it can derail your portfolio Every day we’re bombarded with reports of what’s hot and what’s not – fueling a fear-of-missing-out (FOMO) on some great...
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 MoreThe Basics of Financial Fitness
There’s a subjective uncertainty associated with financial wellness. Are you financially fit? And if so, how fit are you? While there is no clearly defined threshold for answering affirmatively, much less grading your level of...
Read MoreAnnuities and Market Risk: What You Need to Know
Market risk is something all investors may worry about, but those close to retirement have limited time to recover from market loss. If you are within ten years of retirement, now is a critical time for your portfolio to continue to...
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 MoreMedicare Options During Retirement
Medicare is available to virtually all U.S. citizens and legal residents 65 years of age and over who have previously worked and paid U.S. taxes or who are/were married to someone who did. And while this opens a host of healthcare...
Read MoreMore Money, More Responsibility and Strategic Financial Decisions
Strategic financial planning is important for everyone but especially for high-income earners that have their compensation tied directly to the success of the business. Executives and entrepreneurs both rely on accessing their wealth...
Read MoreIdentify Your Personal Retirement Goals
Ask yourself, "What will my golden years hold for me?" Is the answer a comfortable home near a golf course? Free time to spend with your grandchildren? Or even a cross-country journey or trip around the world? Whatever your answer may...
Read More529 Savings Plans: For Education Expenses and Estate Planning?
A 529 plan is a state-sponsored tax-advantaged plan designed for saving for future education expenses authorized by Section 529 of the Internal Revenue Code. If used for education, the assets grow tax-free. According to the College...
Read MoreLife Insurance: Adapting to Changing Needs
When Jennifer purchased her life insurance policy 10 years ago, she assumed that her life insurance planning was complete. She thought that if she just paid her premiums on time, she could sit back and not worry about life insurance...
Read MoreTax Related Identity Theft Crimes
Identity theft is a growing concern, impacting 14.4 million U.S. Consumers in 2019.[1] Armed with your Social Security number, a criminal can use that information to commit tax- and other financial-related crimes in your name. There...
Read MoreHow to Protect Your Wealth As You Get Older
As you get older and closer to retirement, your financial practices need to shift slightly as you transition from working and saving to relying on your nest egg. As you approach this stage of your life, you need to take steps to...
Read MoreWhat to Know About Roth IRA Conversions
A Roth IRA is a retirement savings vehicle like no other. Not only can account holders withdraw their contributions at any time without taxes or penalties, but also these accounts aren't subject to required minimum distributions...
Read MoreHow to Increase Your Financial Literacy
Unlike verbal literacy, financial literacy isn't often taught in schools—which means that many people may enter adulthood without having all the tools they need to make informed and effective financial decisions.1 Fortunately,...
Read MoreIs the Roth 401(k) an Option for You?
Taking a closer look at whether it might be appropriate for your situation Since it first became available in 2006, many employers have added the Roth 401(k) to their benefit packages as a retirement savings option. A Roth option is...
Read MoreRetirement Income Planning
For investors approaching retirement, it is important to begin thinking about retirement income planning. This involves a mindset shift from accumulating an investment portfolio designed for growth to creating a portfolio of retirement...
Read MoreA Checklist for Your Retirement Planning
Remember, it is never too early to start planning for your future The time to begin planning for your financial future is now. So, when it comes to preparing for retirement, the earlier you start, the better. Here are some steps to...
Read MoreHow Much Can You Contribute to a Traditional IRA for 2021?
Good news for retirement savers: The maximum amount that can be contributed to a traditional IRA remains the same as it was last year. In fact, the last time the limit was increased by $500 was in 2019 and that was the first increase...
Read MoreGameStop and a Modern-Day David vs. Goliath
Is this the new Occupy Wall Street movement with a massive sling shot? Wall Street bets against companies all the time, thinking that they are overvalued, destined to fail, or both. The reality is that at any given time, the big...
Read MoreWhat to Know About the American Rescue Plan
As the COVID-19 pandemic enters its second year, President Joe Biden has begun to outline details of the "American Rescue Plan," a $1.9 trillion relief plan designed to help stem the coronavirus pandemic while giving the U.S. economy...
Read MoreIRA vs. 401(k): What Savers Should Know
As of 2018, about 58 million Americans had a 401(k), while around one-third of households owned an individual retirement account (IRA).1, 2 Yet for as commonplace as these retirement accounts can be, the nuances of contributions are a...
Read MoreCOVID-19 Stimulus, Round Two: What Should You Know?
After months of intense debate, the House and Senate voted to pass a second COVID-19 economic stimulus bill and the President has signed it into law.1 At a total cost of $900 billion, this 5,600-page bill1 contains everything from...
Read MoreYour Retirement Planning: “Too Big to Fail”
Many of us remember the phrase “too big to fail” from the 2008 financial crisis and cringe now that its use has been resurrected during the coronavirus pandemic...
Read MoreCharitable Giving: How It Affects You Financially As Well As Personally
The holiday season is just around the corner and many charitable organizations are in desperate need of donations to help provide the vital services needed in the community. You are most often inundated with a number of charitable...
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