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Thursday, June 6, 2024

The SECURE Act of 2019 and the SECURE 2.0 Act, passed in December 2022, dramatically changed the rules governing the inheritance of IRA and retirement plan assets. Retirement savings account owners and their loved ones should...

Thursday, June 6, 2024

Mental health and finances are often intertwined. Financial challenges can trigger anxiety and depression, which when left untreated, can morph into severe mood disorders. On the other hand, mood disorders can lead to overspending or...

Thursday, June 6, 2024

Whether to invest a large amount all at once or over a short period of time (lump-sum investing), or to invest gradually over a longer period of time (periodic investing) is an investment strategy decision you’ll have to...

Thursday, June 6, 2024

Graduation is a time of anticipation, excitement, and eventually, financial anxiety. In most cases, you’ll have an education loan to repay, an impending job search, and the potentially overwhelming aspect of being an independent adult...

Thursday, May 9, 2024

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...

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Thursday, May 9, 2024

The Free Application for Federal Student Aid (FAFSA) is the means by which students obtain their fair share of the billions of dollars in Federal, state, and college financial aid to help defray the cost of college. The problems affecting..

Thursday, May 9, 2024

529 plans can be powerful college savings tools, but you need to understand how your plan works before you can take full advantage of it. Among other things, this means becoming familiar with the finer points of contributions and...

Thursday, May 9, 2024

Have you ever wondered how you would manage if you suddenly fell ill or were in a debilitating accident? What would you do if you’re unable to earn a living or financially take care of yourself and your loved ones? According to data...

Thursday, April 4, 2024

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...

Thursday, April 4, 2024

Working from home can certainly provide you with personal benefits, such as a flexible schedule and more family time. But increasing numbers of people are discovering the tax advantages as well. It’s no secret that you generally can’t...

Thursday, April 4, 2024

Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children...

Thursday, April 4, 2024

Have you ever wondered about retirement beyond the savings account? Your retirement should be more than just numbers on a statement. Go beyond financial planning and think about a holistic lifestyle. Here is a guide to help you prepare...

Thursday, April 4, 2024

One skill that doesn’t lose value even as you age is financial literacy. Seniors struggle with maintaining a fixed income essential for comfort and increasing medical needs. They’re also increasingly vulnerable to fraud, making them...

Wednesday, March 6, 2024

Buying insurance is about sharing or shifting risk, but you may think you’re covered for specific losses when, in fact, you’re not. Here are some common coverage gaps to consider when reviewing your own insurance coverage....

Wednesday, March 6, 2024

Business owners hire their children for sound reasons such as instilling a strong work ethic, teaching responsibility, encouraging entrepreneurship, reducing taxes, and saving for a college education. The Tax Cuts and Jobs Act of...

Wednesday, March 6, 2024

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital....

Wednesday, March 6, 2024

One reason for the establishment of the U.S. Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business...

Wednesday, March 6, 2024

What if you’re saving as much as you can, but still feel that your retirement savings goal is out of reach? As with many of life’s toughest challenges, it may help to focus less on the big picture and more on the details.

Friday, February 9, 2024

There are such things as good and bad retirement accounts, but which is which often depends on your situation. Take traditional and Roth IRAs, for example. They’re similar in a lot of ways, but one of them is probably going to...

Friday, February 9, 2024

There are a lot of articles aimed at people who realize as they grow closer to retirement, they will not be able to generate enough income in retirement to meet their needs. They include tips like: Delay retirement: 65 is just a number...

Friday, February 9, 2024

The 20s are a wild decade. One moment you’re graduating college, without a worry (just a bit of student debt) in the world, the next, you are hitting the big 3-0. There are two types of people in the world — those who get...

Friday, February 9, 2024

One of the questions we often get, particularly from newer investors or people who are moving into another stage of their investment lives, is “how can I gauge my risk tolerance?” Risk tolerance is an investment term...

Friday, February 9, 2024

The Covid-19 pandemic exposed how financially vulnerable many people are and forced us to rethink everything we once knew about money management. The impact of the coronavirus revealed the harsh truth of how unpredictable the future...

Wednesday, January 10, 2024

When your local weather forecaster tells you that it's going to rain, what do you do? That's easy--you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability...

Tuesday, January 2, 2024

You may have heard that IRAs and employer-sponsored plans [e.g., 401(k)s] are the best ways to invest for retirement. That's true for many people, but what if you've maxed out your contributions to those accounts and want to save more?...

Tuesday, January 2, 2024

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities...

Tuesday, January 2, 2024

Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you're not participating in it, you should be. Once you're...

Tuesday, January 2, 2024

Your teen is becoming more independent, but still needs plenty of advice from you. With more money to spend and more opportunities to spend it, your teen can easily get into financial trouble. So before money burns a hole in your...

Monday, December 11, 2023

You're about to receive a distribution from your 401(k) plan, and you're considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble-free, there are some pitfalls you'll want to avoid...

Monday, December 11, 2023

When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes.

Monday, December 11, 2023

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached.

Monday, December 11, 2023

The holiday season should be a time of joy and celebration, but for many it includes added financial stress. The pressure to find the perfect gift, coupled with enticing holiday deals and effective marketing campaigns, could lead to...

Monday, December 11, 2023

Retirement healthcare planning is the process of strategizing and securing healthcare coverage and funds for medical expenses during retirement. It’s crucial because healthcare costs tend to rise with age, and without proper...

Monday, November 13, 2023

It’s the holiday season and there’s nothing more festive than fraudsters and scam artists coming out of their holes to steal money from you. But we’ve got you covered. The more you know about these potential holiday...

Monday, November 13, 2023

Some people live their entire lives with little or no assistance from family and friends, but today Americans are living longer than ever before. It's always better to be prepared.

Monday, November 13, 2023

Navigating the holiday season while keeping your finances intact is quite the challenge. Exploring these effective tips may go a long way to helping save you money during this festive period. From thoughtful gift-giving to strategic...

Monday, November 13, 2023

The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may...

Monday, November 13, 2023

Financial literacy may seem like a no-brainer, but statistics say otherwise. According to Annuity.org, more than 30% of Americans said they are just getting by in terms of their finances. This means that debt management, investment,...

Thursday, October 5, 2023

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to...

Thursday, October 5, 2023

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial...

Thursday, October 5, 2023

Open enrollment is the annual designated period where employees review, adjust, or select coverage plans to accommodate their evolving needs. This year's timeframe begins from November 1, 2023, to January 15, 2024.    ...

Thursday, October 5, 2023

Medicare is a healthcare program offering coverage to eligible individuals aged 65 and older and those with certain disabilities. It operates as a federal health insurance program, primarily funded through payroll taxes, providing...

Thursday, October 5, 2023

Since the beginning of our existence, humans have associated long life as a gift, a stroke of luck, or the result of good genetics. With advancements in technology that help enable medical breakthroughs and the increasing knowledge on...

Thursday, September 7, 2023

It's difficult to imagine functioning in today's world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a...

Thursday, September 7, 2023

The entertainment industry has always been a major influence on the U.S. and global economies. One of the biggest sporting events of the year, The Super Bowl, generates billions of dollars in economic activity. Super Bowl LVI, in 2022,...

Thursday, September 7, 2023

Real estate has been all the rage over the years as a safe and reliable investment, but does it live up to the hype? Discover the ups and downs of investing in real estate, shedding light on the potential drawbacks despite its apparent...

Thursday, September 7, 2023

Fixed rates provide stability. Understanding the concept of fixed rates is crucial for financial security. With payments that remain constant over an agreed period, loan borrowers are protected from interest rate fluctuations....

Thursday, August 3, 2023

Trust Basics  Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their...

Thursday, August 3, 2023

By now, you’ve already heard of ChatGPT and Google Bard by reading various online articles, seeing reports on the news and in general conversations with colleagues. Both inventions are essentially Artificial Intelligence (AI)...

Thursday, August 3, 2023

Many people view student loans as a necessary evil. Very few of us have the financial ability to save enough money to cover the entire cost of college for our children. The majority need to borrow money and take out loans. But where do...

Thursday, August 3, 2023

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement...

Thursday, August 3, 2023

Warren Buffett is often considered a man of great wisdom and unparalleled success in the world of investing. Buffett's journey is a testament to the power of knowledge, patience, and staying true to one's principles.

Saturday, July 1, 2023

By now the dust has settled on the recent debt ceiling crisis that plagued the government and distressed a few economic experts. The crisis, while scary and potentially fatal to the economy, is a healthy reminder about the importance...

Saturday, July 1, 2023

The summer season is in full force, and so is that temptation to go on a spending spree. Along with the pleasures of beach trips, barbecues, eating out at restaurants, and outdoor adventures comes a not-so-welcome guest —...

Saturday, July 1, 2023

There’s never one way to become wealthy, but there are consistent habits among self-made wealthy people that may put you in a position to achieve financial gains. No matter your level of expertise, following these habits may...

Saturday, July 1, 2023

Inflation is the reduction of the purchasing power of a currency over time. The dollar is certainly not as impactful as it was 10 years ago because of inflation. With the recent struggles of the American economy, all we hear about is...

Wednesday, June 7, 2023

Millennials and Gen Z have taken the gig economy to a new level. Most individuals between the ages of 25-40 have one or more side hustles. But baby boomers and Gen Xers are not far behind. According to Zippia, the average age of...

Wednesday, June 7, 2023

No one wants to think about anything going wrong on one of the biggest days of their lives. But, like all discussions about insurance begin: What if? Considering the average cost of a wedding in 2022 was $30,000, it may be...

Wednesday, June 7, 2023

A recent survey by Zippia revealed that almost three-quarters of US companies are using or planning to use a hybrid model. Hybrid work refers to a combination of remote and in-person work and for the foreseeable future, it’s here...

Wednesday, June 7, 2023

Building a successful brand in a world that has become excessively competitive can seem insurmountable. Gen Z and younger millennials have found it easy to adjust to the changing dynamics of branding. But for the older generations,...

Wednesday, May 3, 2023

529 Plans account for more than 30% of all education savings plans and are the most popular of their kind. 529 Plans can be used to finance higher education expenses such as tuition, fees, and room & board for post-secondary education.

Wednesday, May 3, 2023

As of 2021, over 55 million Americans were living with a mental health condition, according to the National Institute of Mental Health (NIMH). While mental health and disability are closely linked, disability insurance doesn't...

Wednesday, May 3, 2023

Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, establishing a budget may help you keep track of how you spend your money and help you reach your financial goals...

Wednesday, May 3, 2023

The disability insurance landscape has experienced drastic changes in the last few years. The changes have led to new opportunities, as well as challenges for insurers. As the industry evolves, some issues will dominate the...

Wednesday, May 3, 2023

Nobody likes to imagine the worst, but what would happen if you become disabled and can no longer work? For most people, this could mean they no longer have a source of income.

Wednesday, May 3, 2023

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor.

Thursday, April 6, 2023

The recent news of the banking crisis affecting SVB, Signature Bank, Silvergate Capital Corp., and Credit Suisse has dominated the headlines. Banking crises have been going on since the dawn of modern banking and continue to remain a...

Thursday, April 6, 2023

The tax refund increased by over 15% in 2022 from the 2021 average. Many families rely on this refund each year for their financial situation. However, those same families may now find that the size of their refund is not as large as...

Thursday, April 6, 2023

According to Statista, direct payments through apps account for more than 45% of the total peer-to-peer (P2P) payments market. Despite the growth, most people don't understand the tax implications of these payments.

Thursday, April 6, 2023

According to the SBA (Small Business Administration), there are over 33 million small businesses in the United States. Out of this, almost 1 million start-ups close annually. The primary reason for their failure is poor financial ...

Thursday, April 6, 2023

We celebrate Financial Literacy Month with our theme for 2023: It's Never Too Late. Check out how not giving up can lead to some wonderful things.

Thursday, April 6, 2023

There are many decisions and choices that need to be made when starting a new job. One of the most important is to know your paycheck. This includes understanding the taxes taken out, contributions that can be made and other factors...

Thursday, March 9, 2023

As Dave Ramsey puts it, "There's always something coming in a few months that will cost money. So be prepared." Creating a financial emergency plan is essential for any individual or family.

Thursday, March 9, 2023

Stocks and bonds are two important components of financial portfolios. They both represent different types of investments, and understanding their differences is essential to making informed investment decisions.

Thursday, March 9, 2023

Understanding a company's financial performance is essential for informed investment decisions. To do so, investors need to access and analyze the company earnings report. But what is an earnings report, and what kind of information can ...

Thursday, March 9, 2023

Every March 8th, the world celebrates International Women’s Day. Celebrations and themes differ between organizations, but the message is always the same. All people, from all walks of life, will take the time to honor the women in their...

Thursday, March 9, 2023

Just like the dawning of a new day is unavoidable, so is the onset of a bear market. Most investors dread the idea of a bear market, as it often signifies a downward trend in the stock market which can spell disaster for their investments.

Thursday, March 9, 2023

Estate planning is an integral component of any good financial plan. Without this planning, you can leave your loved ones without the resources they need to take care of themselves or their family in case something unexpected happens to...