Blog
5 Strategies for Managing Financial Stress During the Holidays
The holiday season is a time of joy and headaches, celebration, fatigue, and togetherness mixed with a few knock-down drag-out fights. On top of the emotional rollercoaster ride can come a big wallop of financial stress. From buying...
Read MoreCreating Your Perfect Retirement Recipe
Although achieving your financial goals is more challenging than following a step-by-step recipe, a few common ingredients and preparation methods may help improve your ability to manage financial resources. Here is one recipe for a...
Read More4 Thanksgiving Lessons for a Feast-Worthy Financial Plan
Thanksgiving is a holiday for spending time with loved ones, being grateful, and perhaps enjoying a bit of overindulgence. There are many financial lessons to be had in planning, preparing, and celebrating this annual feast.1 Here are...
Read More6 Scary Money Mistakes and How to Avoid Becoming a Financial Horror Story
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...
Read MoreRetirement Security Starts With Visualizing Your Future
Planning for your financial future and retirement looks much different now than in previous years. Some people must supplement their Social Security to have enough to maintain their desired lifestyle.
Read MoreShow All
Finding 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 MoreNavigating the 4 Phases of Retirement
Analysts suggest there are four designated phases of retirement that a person often experiences. Individuals may have to modify their strategies throughout the different phases to align with changing incomes and expenses.
Read MoreFootball, Finances, and Fumbles: What to Do When Life Calls an Audible
Are you a football fan? If so, you understand the significance of an audible call at the line of scrimmage and how sometimes you are also forced to call an audible in life. Modern football has evolved since the late 19th century when...
Read MoreA Financial Checklist for Life-Changing Events
Are you financially prepared for a life-changing event? Use this checklist as the first step to help you prepare for these events now or in the future.
Read MoreThree Massive and Often Hidden Costs of Divorce
Divorce, while an emotionally taxing experience, also comes with several financial implications that, if not properly managed, could result in long-lasting financial strain. Here are three key areas to focus on.
Read MoreBack-To-School Shopping List Why Not A Yearly Retirement List?
Shouldn’t every person have a Retirement List that they go through every year, much like a Back-To-School List? And knowing that the answer is yes, what should this Retirement List look like? Consider these items.
Read More10 Tips to Work Toward Financial Freedom
Financial freedom is essential to being financially secure and meeting your goals. Here are share ten tips to help you develop financial freedom.
Read MoreRetirement Re-education: Back to School Time for Retirement Planning
Retirement planning is a constantly evolving process. Now is the time to consider a ‘retirement re-education’ by reviewing your retirement plan and overall strategies to see if they still align with your greater plans and goals.
Read MoreTake a Swing at Investing Like a Golfer
Golfing and investing may not seem to share much common ground at first glance. But the more you think about it, a successful golfer and a successful investor share a number of traits such as patience, perseverance, attention to detail...
Read More3 Ways Planning For Retirement is Like Planning For Summer Break
For kids, teens, and college students, summer break often represents freedom from schedules, responsibilities, and all those other drains on your time. Retirement actually can provide a similar level of freedom, but only if you've...
Read MoreThe True Cost of Being a Teacher (Teacher Appreciation Day)
According to a study by the National School Supply and Equipment Association, 99.5% of teachers spend their own money on school supplies.[1] Being a teacher is a fulfilling job but one that comes with a lot of personal sacrifices,...
Read MoreRevive Your Resolve: How to Recommit to Your Goals and Resolutions
The start of the year has come and gone. You may find that the goals and resolutions you set at the start are no longer getting the attention they deserve. Whether you are feeling your motivation waning or feel like the goal is too far...
Read MoreStay Financially Focused: Money Lessons You Can Learn From Star Wars
May the Fourth Be With You! A long time ago, in a galaxy far, far away, Star Wars was born. Over the years, the movies have evolved into an "epic space opera" with a fan base that circles the globe. What makes the Star...
Read MoreMoney Matters: Financial Literacy For The Whole Family
Financial literacy is crucial, not only for adults but for everyone in the family. When you have a good foundation of financial literacy, you will have a greater understanding of money and prepare yourself for a brighter financial...
Read MoreThe Principles of Financial Literacy
Financial literacy refers to the skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances. Financial literacy starts by building a basic understanding of 'money...
Read MoreStepping Up to the Plate: Four Baseball Money Lessons
Baseball and financial management can have more in common than meets the eye. Below, we discuss four key lessons that investors—and everyone else—can learn from America's favorite pastime. Diversification of Assets is...
Read MoreA Refresh for Your Finances
When spring rolls around, your thoughts might turn to organizing your closets or giving your floors a good deep clean. But how much thought have you given to cleaning up your finances? If the answer is “not much,” you might...
Read MoreLuck of the Investor: Making Your Own Luck on St. Patrick's Day
As Samuel Goldwyn once said, "The harder I work…the luckier I get!" 1 But when it comes to investing, luck may play a huge role in outcomes—no matter how hard you work.2 Below, we discuss some ways that luck may...
Read More6 Money Myths That Are Limiting Your Wealth
When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of...
Read MoreHow to Budget Your Time and Spend It Wisely
Your time is important. For some people, time is as important as money. While most people are concerned about spending their money wisely, few consider spending their time wisely. By budgeting your time, you may accomplish your goals...
Read More3 U.S. Presidents Who Still Influence Your Retirement Planning Today
Each year, Presidents' Day is celebrated on the third Monday in February, paying tribute to George Washington, Abraham Lincoln, and the other U.S. presidents who helped create this country and allowed it to thrive.But while the...
Read More4 Ways to Be Your Own Financial Valentine
Whether you're single, paired, or somewhere in between, Valentine's Day may present the perfect opportunity to show your bank account some love. Below are four tips and tricks to set you on the path toward becoming your own financial...
Read MoreRetirement Planning for Teachers 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 MoreYour Financial Fresh Start: 12 Resolutions in 12 Months
Change may be difficult, especially when you try to change your financial habits. The process might be easier if you take an incremental approach. Do you want to get on top of your finances this year? Are you looking for ways to...
Read MoreA Path to Setting and Reaching Your 2023 Goals
What if you focused on your system instead of just your goals?Setting goals for a new year can feel overwhelming. We all know that resolutions don’t last, but we also feel the energy that comes with a new year of...
Read MoreNew Year Financial Resolutions to Implement Now
When it comes to New Year's Resolutions that include financial goals, writing them down and being visible is essential to your success. After you’ve written down what your financial resolutions for the New Year are, tell others...
Read More3 Ways to Tackle Your Financial Goals
Though the New Year may bring with it a new opportunity to set and achieve financial goals, the thought of making sweeping changes to your budget and lifestyle may be overwhelming. What can you do to improve your odds of success in...
Read MoreNew Year, New Goals: Your Countdown to Financial Health
For many people, a new year provides a new start—and nothing says "new start" like a fresh new set of financial goals. But setting these goals is easier said than done. What steps should you take to get the most bang for your...
Read MoreYour 2022 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 2022 finances and turn an eye toward 2023. What can you do now to potentially improve and streamline...
Read MoreConsiderations for Your Charitable Giving
Points to think about as you contemplate giving to others and causes. Any endeavor worth undertaking, especially one that may affect others, deserves our careful consideration before we begin. When contemplating charitable giving, think...
Read MoreA Season of Giving: 5 Different Ways To Give During the Holidays
With the holidays here, now is the time to get into the giving spirit and help to change others' lives for the better. Whether you are looking to make a difference in a specific person's life or the life of many, there are many ways to...
Read MoreBudgeting for Teachers: A Learning Curve
If you are an educator, you know how important budgeting is. Whether you take a summer job to have a year-round income or rely on your school year to pay for bills, budgeting your money properly may help you to stay on track with your...
Read More#GivingTuesday: A Global Day for Giving Back
Consider whether a donor advised fund can help build a more generous world November brings us Thanksgiving – a day for simply giving thanks. The 11th month also brings us Black Friday and Cyber Monday – two days encouraging...
Read MoreCharitable Giving: Making a Positive Difference
There are countless benefits of charitable giving. Through generous donations, you can make a difference in your community and society. You may also feel happier and even save on your taxes. Here are some key things to need to know...
Read MoreFun Facts About Education Week
The public school system is a vital component of the American education system. Every November, during the week before Thanksgiving, we celebrate the country's teachers and staff and the education system as a whole. These are the...
Read MoreA Guide to Incorporating Philanthropy into Your Financial Planning
If you're considering giving back to society or a cause as part of your financial planning, there are many ways you can do so. You can make an impact while receiving tax benefits by including philanthropic giving as part of a holistic...
Read MoreA Year-End Wealth Planning Guide
As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:...
Read MoreThe Financial Planning Process: 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 have...
Read More8 Things Financial Planning Can Help You Address
Financial planning is unique for each person; no two financial plans look the same because everyone's life and personal goals are different. Regardless of what your goals are, financial planning can help you work towards achieving them...
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 Things to Know About College Planning and Financial Aid
Planning how to pay for the expenses of attending college or a technical school is essential, and there are ways to save to make secondary education more affordable. Here are three things to know about secondary education planning and...
Read MoreFiguring Out a 401(k) Strategy That Works for You
Everyone wants a comfortable retirement, but the road you take there will depend on your specific situation. When you invest, you assume a certain level of risk (but like everyone you’re hoping that your holdings will increase in...
Read MoreSimple Saving Ideas During Recessionary Times
After the Great Recession hit, far too many Americans found themselves without any savings to get through higher prices caused by inflation and the hardships of unemployment. Don’t let this happen to you. Getting into some simple...
Read MoreBalancing Work and Family
At one time, the typical American family looked like this: a breadwinner father who commuted a short distance to work and earned a very good living, and a stay-at-home mother who took care of the kids and family home with aplomb. Life...
Read More5 Ways to Practice Financial Self-Care
Smart self-care does not just mean spa days and movie nights: there are other therapeutic ways to reduce your mental and physical stresses, including how you manage your money. If your goal is to create healthier habits involving your...
Read MoreBig Week For Market Watchers
Last week was epic for market-watchers. A Federal Reserve (Fed) rate hike, a much anticipated gross domestic product (GDP) report, and the busiest week of earnings season got most of the headlines. There was even a surprise out of...
Read MoreA Retirement Income Roadmap for Women
More women are working and taking charge of their own retirement planning than ever before. What does retirement mean to you? Do you dream of traveling? Pursuing a hobby? Volunteering your time, or starting a new career or business?...
Read MoreTax-Advantaged Ways to Save for College
In the college savings game, all strategies aren't created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can...
Read MoreLessons from the Great Recession of 2007 - 2009
After the Great Recession from 2007 to 2009 hit, far too many Americans found themselves without any savings to get through the hardships of unemployment, falling house prices, dwindling 401(k)s and increased financial anxieties....
Read MoreSummer: Great Time to Teach Kids About Money
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 can see that money buys things. Therefore, it is important to begin...
Read MorePlanning Lessons for Educators - Addressing Your Financial Issues
Being an educator requires expertise and that you stay current on developments in your field. However, that level of ongoing attention can make it difficult to find the time to stay on top of issues that affect your finances, or to put...
Read More4 Critical Money Tips for New Graduates
As recent graduates enter the workforce, they may need to make some financial decisions to help them prepare for potential economic uncertainty such as inflation, rising real estate prices, and a volatile stock market. If planned...
Read MoreSaving Tips for Younger Adults
Today, younger adults face a variety of challenges in their pursuit of financial independence. Some of these challenges are similar to those faced by previous generations, while others are unique to the times. Here are five financial...
Read MoreReasons You Should Plan to Live Until You're 95
How long do you think you will live? How long does your money need to last? If you’re like most people, you get this age wrong.The consequence? Faulty retirement planning, overspending now and running out of money before you...
Read MoreFinancial Freedom vs. Financial Independence: Key Differences and How to Work Towards Both
Working towards financial independence can often be a lifelong process. But for many, financial freedom may come far sooner—and include some fun along the way. What are the differences between financial independence and financial...
Read MoreTips to Shape Up Your Fiscal Fitness this Summer
Many people realize that the best way to stay in shape is to develop an appropriate fitness regimen and then stick with it. If you start a fitness program and drop out, you never give yourself a chance to become physically fit. In the...
Read More10 Easy Financial Planning Steps for Beginners
If you've never engaged in financial planning and are unsure how to get started, this article is for you. A financial plan starts by evaluating your current financial situation and future expectations and can be created independently...
Read MoreRequired Distributions: Changes You Need to Know
The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 changed the rules for taking distributions from retirement accounts inherited after 2019. The so-called 10-year rule generally requires inherited accounts...
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 MoreOptions for Financing Your Business
Using many years of experience and industry know-how to establish a business is a goal held by many would-be entrepreneurs. In fact, finding a location, formulating a business plan, and hanging the “Open” sign might be one...
Read MoreA Small Business Quiz
Small businesses are part of the backbone of the U.S. economy, providing jobs, services, products, and stability for millions of families. But how much do you really know about small businesses? Test your knowledge with our...
Read MoreWhat Dentists Should Know About Retirement Planning
The average dentist doesn't retire until nearly age 70—around 7 years later than the national average retirement age.1 Though the dental profession can be a lucrative one, many dentists don't have the traditional 401(k) option,...
Read MoreFinancial Planning at Every Age
In 2013, a Gallup poll found that only about one in every three U.S. households maintained a budget.1 A 2021 survey of 1,000 Americans found that 80% now say they have a budget.2 Americans are budgeting more due to the pandemic....
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. Planning for the disposition...
Read MoreA Teacher’s Guide to Financial Literacy
It is important to understand basic financial concepts in today's economic climate—from compound interest to the difference between a tax credit and a tax deduction. Unfortunately, 65% of Americans are financially illiterate and...
Read MoreAlternatives for College Funding
A Primer Although we all know that “time flies,” it seems to move particularly fast as we watch our children grow. Yet, in considering a college future for a newborn, it is understandable that parents might procrastinate,...
Read MorePlan, Prevent, and Protect
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...
Read MorePersonal Money Management
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...
Read MoreThe Advantages & Disadvantages of 401(k) Loans
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...
Read MoreFive workplace trends will shape life after lockdown
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...
Read MoreChanges to Student Loans and Payments in 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,...
Read MoreInheritance Planning Can Help Avoid Headaches
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...
Read MoreHow Are Workers Preparing for Retirement?
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...
Read MoreRising Inflation: Where Will It Go from Here?
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...
Read MoreAre You Aware of the Child Tax Credit Changes?
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...
Read MoreCARING FOR AGING PARENTS
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...
Read MoreBuy Local and Support Small Businesses This Summer
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...
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 MoreDonor-Advised Funds: A Solution to Gifting with Tax Benefits
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...
Read MoreCollege Planning Isn’t Just About How to Pay for College
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...
Read MoreHENRYs with Limited Wealth-Building Potential – Are You One of Them?
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...
Read MoreWhat Should Grandparents Know About 529 Savings Accounts?
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...
Read MorePreserving Your Wealth through a Chronic Disease
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...
Read More5 Investment Considerations for Small Business Owners
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....
Read MoreThe 3 Components of Social Security
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...
Read MoreThree Key Components of Financial Literacy
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...
Read MoreKey Considerations as You Start Receiving Social Security Benefits
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...
Read MoreAll online, all the time? Technology brings new benefits to hiring a property manager.
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,...
Read MoreFour Key Ways to Build Your Credit
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...
Read MoreHow Financial Asset Management May Help Investors Stay the Course
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...
Read MoreHow Much Do You Know About Credit?
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...
Read MoreAssessing Your Retirement Resources
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...
Read MoreTips for Tax Preparation
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...
Read MoreOptimizing Required Minimum Distributions
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,...
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 MoreTax Identity Theft Awareness - Protecting Yourself from Tax Identity Theft
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...
Read MoreThree Main Benefits of Being a Mentor
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...
Read MoreNew Year's Resolutions to Get Your Finances in Order
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...
Read MoreTips for Organizing Your Financial Documents
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,...
Read MoreSurviving the Holiday Season Debt-Free
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...
Read MoreWho to Ask When You Need to Help With a Business Plan?
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...
Read MoreHow to Structure Charitable Giving Throughout Your Lifetime
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...
Read MoreHow to Evaluate a Charity and Whether to Donate
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...
Read MoreCoping With Caregiving in the Time of COVID
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...
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...
Read MorePrepare for Long-Term Care Before the Need
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...
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 MoreInvesting in an Election Year
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...
Read MoreWhat to Know About Working With a Financial Professional
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...
Read MoreEstate planning for your digital assets
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...
Read MoreWhat to Do If You're Working From Home Longer Than Expected
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...
Read MoreWhat Gen Xers, Millennials, and Baby Boomers Need to Know About Financial Planning?
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,...
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 MoreRetirement Planning for Teachers and Public School Workers
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...
Read MoreHow to Strike a Work-Life Balance: Tips for Teachers in Stressful Times
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...
Read MoreA Checklist for Your Retirement Planning
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...
Read MorePreparing For Your Next 401(k) Open Enrollment
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...
Read MoreBack to School: Getting Your Financial House in Order
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,...
Read MoreMaximize Your Summer Fun With These Ideas
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...
Read MoreWhat It's Like To Send a Child to College
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...
Read MorePlanning Your Exercise & Your Financial Fitness
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...
Read MoreHow to Develop a Money Mindset That Aligns with Your Goals
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...
Read MorePaying for College and the Impact of COVID-19
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...
Read MoreThree Things to Know Before Buying a Home
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...
Read MoreHealthcare Workers: How to Keep Your Head Up During Scary Times
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...
Read MoreThree Tips to Help You Save for Your First Home
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...
Read MoreNavigating the Path to Homeownership After COVID-19
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...
Read MoreRetirement Plans for Small Businesses
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...
Read MoreMaintaining Your Mental Health in the Time of Coronavirus
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...
Read MoreHappy Nurses Week: A Look at Nursing in the Time of the Coronavirus
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...
Read MoreHappy Teacher's Appreciation Day to Teachers Navigating Their Calling Outside the Classroom
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,...
Read MoreApril is Financial Literacy Month
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...
Read MoreHow We Respond Matters
“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....
Read MoreRetirement Plans and Estate Planning
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...
Read MoreThe April 15th Tax Deadline is Now July 15th
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?...
Read MoreWhy Do Less than Half of Us Get the Flu Shot?
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...
Read MoreRetirement Assistance Within the CARES Act
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...
Read MoreWhen It Rains Gold, Reach for A Bucket
“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...
Read MoreWhat Is in the $2 Trillion Relief Package?
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...
Read MoreDebt Should Retire When You Do
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...
Read MoreCountdown to Retirement: Strategies for Saving in Your 50s
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...
Read MoreConverting Savings to Retirement Income
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...
Read MoreThe Financial Fitness Challenge: Tips for Strengthening Your Financial Health
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...
Read MoreIncome Inequality and Its Impact on Women's Retirement
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...
Read MoreRetirement Planning Considerations for a Stay-at-Home Spouse
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...
Read MoreMarriage and Money: Finding a Happy Balance
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...
Read MoreMoney Issues That Concern Married Couples
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...
Read MoreSetting Every Community Up for Retirement Enhancement (SECURE) Act
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...
Read MoreSeven Steps to Your Financial Future
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...
Read MoreApplying for a Mortgage
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...
Read MoreAre You Financially Fit?
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...
Read MoreSix Ways a Budget Can Help Boost Savings
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...
Read MoreSix Steps to Consider Before Tapping Your Retirement Savings Plan
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...
Read MoreBuying Life Insurance: What Kind and How Much?
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....
Read MoreHelpful Tax Tips before Year End
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,...
Read MoreCharitable Giving
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...
Read MoreThanksgiving
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...
Read MoreInvesting for Major Financial Goals
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...
Read MoreWhat's the Best Way to Give Money to Children and Grandchildren?
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...
Read More9 Ways To Earn Retirement Income
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...
Read MoreNaming Beneficiaries: What You Need to Know
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...
Read More