Blog

Tuesday, September 21, 2021

When it comes to a home emergency, most of us would prefer not to think about the risks of a potentially devastating event, such as a fire. But statistics show that these events do happen, and, what’s worse, many people are...

Tuesday, September 14, 2021

Help Your College Student “Make the Grade” As Melanie Marshall (a hypothetical case) prepares to head off to college, she’s looking forward to her newfound independence. Although Melanie will be on her own for the...

Friday, September 10, 2021

Sometimes a 401(k) loan makes sense, but there are a lot of considerations Tapping your tax-advantaged retirement savings seems like a desperate financial move (because it is), yet also a sound one in specific circumstances. Best know...

Tuesday, August 24, 2021

We are experiencing the biggest remote work experiment in history – but many are beginning to imagine life after lockdown. Amid unprecedented global job losses, concerns about transport infrastructure and the continuing need for...

Monday, August 16, 2021

The student loan landscape has changed dramatically since the beginning of the COVID-19 pandemic. From the suspension of interest payments on federal student loans to tax incentives for employers who pay their employees' student loans,...

Show All

Tuesday, August 10, 2021

Your financial professional 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...

Tuesday, August 3, 2021

In general, workers seem to begin preparing for retirement almost as soon as they get their first job. However, according to the 2021 Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), retirement...

Monday, July 19, 2021

The Child Tax Credit (CTC) was introduced through the Taxpayer Relief Act of 1997 and it was a $500-per-child nonrefundable credit to provide tax relief to families. And over the past 20+ years, there have been a dizzying number of...

Monday, July 19, 2021

In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012. Over the previous 12 months, the increase was 2.6%, the highest year-over-year inflation rate since...

Tuesday, July 13, 2021

Many adults have aging parents who are in need of living and health care assistance. There are a number of resources today that can help them grow old gracefully, either in their existing home or in a facility, along with multiple...

Tuesday, July 6, 2021

The COVID-19 pandemic has changed the way that Americans shop and travel, impacting our spending habits indefinitely. With stores, hotels, and restaurants trying to recover, many are choosing to purchase locally to help to support...

Tuesday, June 22, 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, June 15, 2021

Gifting, for many investors, is about the philanthropic support they want to give charities. Gifting to help make the world better by benefitting society is one reason many families choose to donate. The charitable giving tax deduction...

Sunday, June 6, 2021

As college costs keep rising, parents are looking for ways to provide funding for their child’s education and determine what institution will prevent them from taking on substantial debt. One college funding source is utilizing...

Tuesday, June 1, 2021

The term HENRY (High Earners Not Rich Yet) refers to individuals who have the potential to become wealthy in the future because of their income. These individuals or families earn between $250,000 and $500,000 per year and are between...

Thursday, April 29, 2021

Grandparents can often find themselves in a better financial position to save for their grandchildren's education than their own children are. The parents of prospective students may still be contending with competing priorities like...

Thursday, April 29, 2021

If you've been diagnosed with a chronic disease, you're not alone. According to the CDC, 6 in 10 adults in the U.S. have a chronic disease, while 4 in 10 live with two or more.1 With such a large percentage of the population affected...

Thursday, April 29, 2021

If you're a small business owner, many of the best practices employed by individual investors are also available to you (of course!), but you also have some additional options and factors to weigh while creating your investment plans....

Tuesday, April 27, 2021

Many have heard Social Security retirement benefits referred to as part of the "three-legged stool" of retirement: Social Security, a pension or defined benefit plan, and personal savings.1 The idea is that with these three sources of...

Tuesday, April 20, 2021

Financial feats that were once unheard of—from investing in cryptocurrency to instantly paying someone through an online payment system—have now become commonplace in many parts of the country. But these sophisticated tasks...

Tuesday, April 6, 2021

As your retirement draws closer, you will probably start to have lots of questions such as: How much Social Security will I receive? When should I retire? How will I know when to retire? Do I have enough saved? What will I need to do...

Tuesday, March 23, 2021

Once upon a time, investing in the stock market involved ticker tape and a lot of phone calls. Today, most investors reach no further than their pocket for up-to-the-minute market updates, portfolio valuations, trading capabilities,...

Tuesday, March 16, 2021

If you're like many Americans, you may have a few dents and dings on your credit report. As of 2020, around one in five adults has either a "fair" or "poor" credit score, which can impact their ability to qualify for a loan, rent an...

Tuesday, March 9, 2021

Most people who decide to purchase stocks, bonds, mutual funds, or other investment vehicles do so understanding that there are risks associated with investing, but believing that the potential growth they may realize over time...

Tuesday, March 2, 2021

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, and...

Tuesday, February 23, 2021

Assessing Your Retirement Resources How resourceful can you be during your retirement? Determining where your retirement money will come from is an integral part of planning for retirement. Most people draw on three main sources of...

Tuesday, February 16, 2021

In 2020, the government gave taxpayers an automatic six-month extension due to the coronavirus. Individuals who were affected by the damaging wildfires were also given additional time to meet most tax deadlines. However, in 2021, the...

Tuesday, February 9, 2021

Seventy-two is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from IRAs and employer-sponsored retirement plans (previously,...

Tuesday, February 2, 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...

Tuesday, January 26, 2021

Tax identity theft is when someone steals your Social Security Number, files a tax return with your number, and directs a refund to their own bank account. In other cases, this type of identity theft may involve a scam artist calling...

Tuesday, January 19, 2021

Just about every success story involves the influence of one (or more) mentors along the way. Mentorship can provide benefits to both the mentor and mentee, helping build long-term relationships while developing leadership skills and...

Tuesday, January 12, 2021

New Year's is traditionally the time to review your life and make resolutions for change. In addition to thinking about working out, eating healthy, and meeting personal and professional goals, you should also think about your finances...

Tuesday, January 5, 2021

In an increasingly paper-free society, organizing your financial documents can still be a challenge. No matter how simple or complex your financial picture might be, it takes some thought-out organization to keep your tax documents,...

Tuesday, December 15, 2020

With the holiday season just around the corner, you may be ready to get a jump on your holiday shopping. Unfortunately, for many, holiday shopping easily gets out of control. When you are in the giving spirit, you may find yourself...

Tuesday, December 8, 2020

A business plan is critical when you're getting ready to launch a business. It helps you stay organized on the path to your goal, while also helping you to hone in on key concerns such as funding objectives and marketing plans. At the...

Tuesday, December 1, 2020

Charitable giving is a way for affluent individuals spread their money around and to benefit causes that are near and dear to their hearts. Yet, for those who fall into the high net worth category, it is critical to structure...

Tuesday, December 1, 2020

Responsible giving doesn't only involve making sure to help those in need, but also ensuring that you perform your proper research by evaluating the charity. Proper evaluation will help you to make sure that your funds are being used...

Tuesday, November 24, 2020

Nearly one in three U.S. adults serves as the primary caregiver to a relative or other close loved one.1 With respite facilities throughout the country closed or operating on restricted hours as a result of the COVID-19 pandemic, many...

Sunday, November 15, 2020

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...

Tuesday, November 10, 2020

Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do...

Friday, November 6, 2020

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,...

Monday, November 2, 2020

The world's events always affect the markets, and making smart investment choices requires you to look at what's happening around the world. But what about during an election year? How should you invest while the country is deciding...

Tuesday, October 27, 2020

If you've been wondering how to optimize your finances and ensure your money continues to work for you, a financial professional may be able to help. But the thought of turning over your most sensitive financial information to a...

Tuesday, October 20, 2020

What will happen to your Facebook account when you die? What about all your photos shared on social media, your texts with loved ones, or documents on cloud-storage systems? In just the two-year period from 2012 to 2014, humans...

Tuesday, October 13, 2020

As the threat of the coronavirus swept through the nation in March, many businesses sent their workers home, and now, as fall looms around the corner, many people are continuing to work from home. If you're working home longer than...

Tuesday, October 6, 2020

Financial planning is an important part of securing your current lifestyle as well as preparing yourself for what you wish to do in your eventual retirement. And while this importance may look different during each stage of your life,...

Tuesday, September 15, 2020

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...

Tuesday, September 8, 2020

Teachers don't just punch a time clock and log hours at their jobs. Instead, they invest a lot of time and make a significant emotional commitment to shaping the lives of their students, and often, this causes their professional life...

Tuesday, September 8, 2020

The ability to enjoy a secure retirement is an objective that many teachers and their colleagues pursue years before they leave their jobs. Many public school workers, in different positions, devote their lives to furthering the...

Tuesday, August 25, 2020

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 help you achieve your overall objectives: Review your current...

Tuesday, August 18, 2020

Open enrollment season is one of the shortest—in most cases, employees have only a few weeks to research their options and make a decision on things like their 401(k) contributions, health and dental insurance, disability...

Tuesday, August 11, 2020

The abrupt end to the 2019-2020 school year in many parts of the U.S. left parents and students alike struggling to establish healthy routines. As many students prepare to head back to the classroom (or the remote classroom) this fall,...

Tuesday, August 4, 2020

As temperatures start to heat up and the days get longer, summer fun can kick into gear. Looking for things to do this summer? Then, check out this list of fun and relaxing summertime ideas. Be a tourist in your own area You don't have...

Tuesday, July 28, 2020

Sending a child to college for the first time can be a stressful transition for any parent. Even though your child is legally an adult (or almost an adult) by the time they head out on their own, a parent's worries about health, safety...

Tuesday, July 21, 2020

Most people don’t prepare to invest and that’s a big mistake Waking up early in the morning before the sun is up and heading to the gym comes hard. Once your workout ends, though, you often begin the day with the payoff of...

Tuesday, July 14, 2020

Financial goals are essential. Setting them will help you to obtain the things you want out of life as well as live the lifestyle you desire, both during your working years and in your retirement. But obtaining these goals isn't always...

Tuesday, July 7, 2020

With the coronavirus shutting done educational institutions and moving classes online, the face of education across the country has changed. While the focus has been primarily on completing the educational requirements to get K through...

Tuesday, June 23, 2020

Whether you're a first-time home buyer or are re-entering the real estate market after a hiatus, it's important to educate yourself on the most up-to-date tips and tricks for purchasing a home. Doing so can help save you thousands or...

Tuesday, June 16, 2020

Being a healthcare worker can be a stressful and tiring job at the best of times, but in the face of vast uncertainty and fear around the coronavirus, this profession has become even harder. If you are a healthcare worker on the front...

Tuesday, June 9, 2020

Although the COVID-19 pandemic has put somewhat of a damper on the Spring 2020 homebuying season, many prospective buyers can take advantage of a slower market and lower interest rates to snap up the perfect property. But before you...

Tuesday, June 2, 2020

The arrival of spring flowers often means one thing — the home-buying season is here. But with the COVID-19 pandemic in full swing in early March 2020 and many parts of the U.S. still under shelter-in-place orders through...

Tuesday, May 26, 2020

If you are self-employed or own a small business and you haven't established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future. Tax advantages A retirement plan...

Tuesday, May 19, 2020

Even if you're not one of the 36 percent of Americans whose mental health has been affected by the coronavirus pandemic, it's important to be proactive when it comes to maintaining a positive emotional state during these turbulent...

Monday, May 11, 2020

Nurses have always been heroes, tirelessly taking care of others while often putting their own health at risk. However, while dealing with the coronavirus, their role has become even more significant. Nurses are on the front lines of...

Tuesday, April 28, 2020

This year, Teacher's Appreciation Week runs from May 4 to May 8, but rather than being in the classroom, most teachers will be at home, navigating their calling outside the classroom. When the coronavirus hit the United States,...

Tuesday, April 28, 2020

April is National Financial Literacy Month – an entire month dedicated to underscoring the importance of learning, establishing and maintaining healthy financial habits. But ask yourself this: what have you learned about anything...

Tuesday, April 21, 2020

“Life is 10% what happens to you and 90% how you respond to it.” — Lou Holtz, Hall of Fame football coach As the battle against the COVID-19 pandemic continues, how we respond to it will determine how we beat it....

Tuesday, April 14, 2020

When you die, what will happen to your retirement plan benefits? In general, your retirement plan benefits pass to the beneficiaries you designate on the plan beneficiary designation form. Your benefits will generally be subject to...

Monday, April 13, 2020

The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes by 90 days, giving individuals and businesses another 3 months to file and then pay the government what they owe. What Should You Do?...

Tuesday, April 7, 2020

It is almost impossible to predict when, how severe or for how long flu season will be from one year to the next. But the Center for Disease control (CDC) has estimated that the economic impact of the flu is a staggering $87 billion...

Monday, April 6, 2020

In late March 2020, as the number of novel coronavirus cases in the U.S. surged past 100,000, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law.1 The CARES Act provides around $2.2 trillion in aid to...

Thursday, April 2, 2020

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett The battle with COVID-19 rages on, and the...

Monday, March 30, 2020

The United States has more cases of the coronavirus than any other country, and in an attempt to stop the spread of this disease, states have closed schools and businesses throughout the country. These unprecedented shutdowns have...

Tuesday, March 24, 2020

These days, having a credit card is practically a necessity, even when you are retired. It's hard to do things like buy airline tickets, rent a car, or place an order online without one. And, while monitoring your credit card use is...

Tuesday, March 10, 2020

Many retirees today are redefining the “golden years.” Forget about endless days of leisure. Retirees seek adventure, travel, and new business pursuits. While these changes may redefine retirement, will retirees be able to...

Wednesday, March 4, 2020

During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, or other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings...

Tuesday, March 3, 2020

Diet books. Fitness apps. Live-streamed exercise classes. They all tell you the same thing: Maintaining good physical health requires discipline and adherence to a few simple habits, such as eating wisely, getting enough sleep, and...

Monday, February 24, 2020

Here are the facts. Generally speaking, women earn less than men, live longer than men, and often take time out of the workforce to have children and/or to care for an aging parent or sick loved one. The potential consequence of these...

Tuesday, February 18, 2020

Married couples often decide together that one spouse should be the primary breadwinner while the other stays home to take care of family members. Although this often works out well for childrearing or eldercare responsibilities in the...

Tuesday, February 11, 2020

Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. Here are some considerations to keep in mind if you are...

Tuesday, February 4, 2020

What is it? Marriage is an important step in anyone's life and brings many challenges with it. One of those challenges is the management of your finances as a couple. The money decisions that you make now as a couple can have a lasting...

Wednesday, January 29, 2020

As Enacted on December 20, 2019 · Prepared for LPL by Davis & Harman LLP Top 10 Key Provisions Open Multiple Employer Plans / Pooled Employer Plans – The SECURE Act allows unrelated small employers to band together in...

Tuesday, January 28, 2020

Sometimes, even highly-compensated individuals may find it difficult to achieve long-term success when it comes to managing their personal finances. Although they may attain a comfortable level of income, their focus may be on career...

Tuesday, January 21, 2020

Since most people finance their home purchases, buying a home usually involves applying for a mortgage. Here is some basic information to help guide you through the process. Mortgage prequalification vs. preapproval Before applying for...

Tuesday, January 14, 2020

If you don't have a financial plan, that question may be hard to answer. To achieve financial wellness, you need to define your goals and set a time frame for reaching them. The following steps can help you take control of your...

Tuesday, January 7, 2020

At some point in your life, you probably have heard about the importance of developing a budget. But, why is a budget so important? Perhaps you simply spend what you must and save whatever’s left over. Or, perhaps you spend all...

Tuesday, December 31, 2019

You've worked long and hard for years, saving diligently through your employer-sponsored retirement savings plan. Now, with retirement on the horizon, it's time to begin thinking about how to tap your plan assets for income. But hold...

Tuesday, December 17, 2019

Conventional wisdom says that life insurance is sold, not purchased. In other words, some people are reluctant to discuss the importance of owning life insurance, and others are simply unaware of the need to have life insurance....

Tuesday, December 10, 2019

Tax planning can be more advantageous when done during the year and well in advance of year’s end. Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family. Generally,...

Tuesday, December 3, 2019

Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the...

Tuesday, November 26, 2019

Thanksgiving is a day for “giving - thanks”. Both “Thanks” and “Giving” are in the title of this awesome American holiday. (It doesn’t say anything about turkey or football, but those are some...

Tuesday, November 19, 2019

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it? But that's what...

Tuesday, November 12, 2019

There are several ways you might consider gifting money to your loved ones. In 2017, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) in cash, investments, and/or property to each of...

Tuesday, November 5, 2019

Retirement income is different than what you're used during a full-time career. You'll have a new set of concerns, but you'll also have a decent amount of freedom to make your money behave the way you want. Here are nine of the most...

Tuesday, October 29, 2019

A major issue in estate planning is who to name as beneficiaries on life insurance policies, pension plan accounts, IRAs, and annuities. This important decision often doesn't take into account the substantial estate and income tax...