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Tuesday, May 7, 2024

Insurance is designed to provide coverage for some of life's biggest disasters—fire, floods, car crashes, disability, and death. But when you're on a tight budget, paying even a few extra dollars a month for an insurance policy you may...

Tuesday, May 7, 2024

There is one thing that we will most likely all do one day: regardless of your status in society, position at work, or whether you are tall or short, you may pass down assets to loved ones. When that day arrives, an estate plan is...

Tuesday, May 7, 2024

When it comes to planning for retirement, you may feel as though you've already explored all your options. From traditional and Roth IRAs to 401(k) plans, pensions, and even health savings accounts (HSAs), there are all sorts of...

Tuesday, May 7, 2024

The terms "rich" and "wealthy" are often used interchangeably. But are they really the same? As the saying goes, "Money talks, but wealth whispers." Here are some of the differences between being rich and being wealthy in terms of...

Monday, April 8, 2024

Election years create a certain level of uncertainty regarding your finances and investments. Here are a few things to keep in mind to help you preserve your financial interests as an election approaches.

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Monday, April 8, 2024

Whether the economy is idling in a soft landing or experiencing the crisis of a hard landing, it is critical that you are prepared for such an event and manage your finances carefully in the grips of economic uncertainty.

Tuesday, April 2, 2024

As a parent, one of the most significant concerns is ensuring that your children have the financial resources they need to pursue higher education. With college tuition costs continuously rising, it's no surprise that many parents...

Tuesday, April 2, 2024

To maintain good physical health, most people must exercise regularly, eat a balanced diet, and keep stress to a minimum. Achieving financial wellness is no different. It requires careful planning, smart decision-making, and consistent...

Tuesday, April 2, 2024

Growing a business is impressive, but it takes more than just turning a profit to build wealth: It requires a mind shift from short-term gains to long-term prosperity. A business owner must focus on the company's financial confidence...

Tuesday, April 2, 2024

A common piece of standard life insurance advice is to get it as early as possible — and there are good reasons why. If you're young and in relatively good health, purchasing a term life insurance policy is usually much cheaper than it...

Tuesday, March 12, 2024

If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in...

Tuesday, March 12, 2024

Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your...

Tuesday, March 12, 2024

Financial literacy is essential for your personal financial health and even more crucial for the financial health of your small business. Being a small business owner comes with many responsibilities, one of which is maintaining the...

Tuesday, March 12, 2024

April marks Stress Awareness Month, which provides a great opportunity to shed light on a topic often overlooked in the world of high-net-worth investors, which is mental health. For anyone who is used to managing substantial wealth,...

Wednesday, February 28, 2024

If you have a 529 education savings plan, it can now be converted to a Roth IRA. Both plans are funded by after-tax money. Initially, the money put into a 529 plan had to be used toward education expenses. If, for whatever reason, the...

Wednesday, February 28, 2024

Understanding the implications of CPI and PPI is crucial for investors In the ever-evolving world of finance, staying abreast of economic indicators is crucial for investors looking to make informed decisions. One such key indicator is...

Wednesday, February 28, 2024

A perspective shift occurs in the wealth landscape; many now recognize health as the new wealth. Healthcare, long-term care (LTC) insurance, and other wealth-related financial instruments have become essential considerations for HNW...

Wednesday, February 28, 2024

Regardless of the stage of life, your credit score is an essential component of your financial health when you're in retirement. A consistently strong credit score can pave the way for greater confidence, easy loan access, and lower...

Tuesday, January 23, 2024

In times of market volatility, when inflation is increasing, the Federal Reserve will raise interest rates to help to cool the inflation spike. During this period, people are anxious and keep a tight grip on their wallets. In time, the...

Tuesday, January 23, 2024

An increasing number of full-time workers seek to increase their income through working a side hustle, which is employment in addition to a full-time job. In this article, we'll delve into the benefits of this trend, essential tips for...

Tuesday, January 23, 2024

Planning for retirement often involves focusing on your finances and ensuring that you not only will have enough to sustain you during your retirement but adequate funds to do the things you enjoy doing. While this strategy is a...

Tuesday, January 23, 2024

Planning for early retirement is great, but planning for healthcare coverage at the same time is sometimes more difficult. Healthcare costs are high, and finding ways to bridge the gap between the age you retire and the time you are...

Friday, December 22, 2023

Tax identity theft is a serious type of fraud that affects individuals of all ages and stages of life. To steal a person's tax identity, a scammer uses that person's Social Security number and other personal and financial information...

Friday, December 22, 2023

As one approaches retirement, monitoring your financial situation by understanding your net worth and assessing the assets and resources needed to maintain a comfortable lifestyle throughout retirement is vital. This article explores...

Friday, December 22, 2023

Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include: If you have income from working in retirement....

Friday, December 22, 2023

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

Tuesday, November 21, 2023

Proper financial planning includes forecasting future Social Security benefits In a welcome development for millions of Americans relying on Social Security, the Social Security Administration has recently announced a substantial...

Tuesday, November 21, 2023

The Christmas season is an excellent time of the year to review your financial planning strategy. Our finances are top of mind as most of us are monitoring our spending as the holiday and new year approaches. We can look back over the...

Tuesday, November 21, 2023

 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...

Tuesday, November 21, 2023

For many, retirement is the phase of life to kick back, relax, and enjoy the fruits of years of working and saving. However, financial decisions before and during retirement can significantly influence our quality of life and tax...

Saturday, October 21, 2023

Signs are encouraging and the possibility seems more tangible than ever In the intricate world of economics, maneuvering the vast U.S. economy without causing disruptions is likened to steering a colossal ship through a tempestuous...

Saturday, October 21, 2023

Having a desire to give and a philanthropic mindset are both important qualities to possess in modern society. With so many economic and social challenges in society, contributions to charities and philanthropy efforts are needed now...

Saturday, October 21, 2023

More than 16.5 million veterans live in America, as reported by the U.S. Census. Along with the veterans’ need for long-term care, the aging general population has increased demand for long-term care, creating pressure on...

Saturday, October 21, 2023

As we approach the last quarter of each year, it is a good time to plan for the next one. Year-end planning is especially important for existing retirees and those hoping to retire in the next few years. There are tax and income...

Saturday, October 21, 2023

Retiring from the military is a profound accomplishment. For many, this retirement will provide you with positive things, including the time and geographic stability you need to start a new career or simply enjoy leisure activities...

Sunday, October 1, 2023

Key principles for a confident journey when investing at market peaks. The Dow Jones Industrial Average (DJIA) is an index of 30 very-large, blue-chip U.S. companies. The most recent all-time-high...

Sunday, October 1, 2023

If you're paying attention to the news, you've probably come across story after story on the health of Social Security. And depending on the actuarial assumptions used and the political slant, Social Security has been described as...

Sunday, October 1, 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. That's where financial planning...

Sunday, October 1, 2023

What does "coordination with government benefits" mean? In the context of long-term nursing home care, a number of governmental (and governmentally regulated) programs and tools exist to help you pay for this care. Medicare, Medicaid,...

Friday, September 29, 2023

Like anyone else, you want a life insurance policy that meets your needs and budget. But how do you find the right policy when there are so many to choose from and many of them seem so similar? The key is knowing how to compare...

Friday, September 22, 2023

Have you ever made a purchase that has thrown your monthly budget off-kilter? Or maybe you’ve put financial restrictions on yourself that push you away from spending on things that bring you joy.

Friday, September 8, 2023

Every year, around 3 million Americans are required to evacuate their homes due to a natural disaster.1 What's more, this figure does not include the millions of other individuals who are temporarily displaced as a result of fire...

Friday, September 1, 2023

What is it? A gift is a voluntary transfer of money or property from one person to another person or entity (such as a trust) where the person making the gift receives either nothing or a lesser amount of money or property in return....

Wednesday, August 16, 2023

Like anyone else, you want a life insurance policy that meets your needs and budget. But how do you find the right policy when there are so many to choose from and many of them seem so similar? The key is knowing how to compare policies...

Wednesday, August 16, 2023

Placing money in your budget for splurges is important, but setting aside too little or too much can set you off the path of your financial goals. Here’s your guide to budgeting for the occasional splurge.

Wednesday, August 16, 2023

Every year, around 3 million Americans are required to evacuate their homes due to a natural disaster.1 What's more, this figure does not include the millions of other individuals who are temporarily displaced as a result of fire, flood

Wednesday, August 16, 2023

A gift is a voluntary transfer of money or property from one person to another person or entity (such as a trust) where the person making the gift receives either nothing or a lesser amount of money or property in return...

Monday, July 10, 2023

Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning? What steps can you take now to help you be prepared...

Monday, July 10, 2023

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...

Monday, July 10, 2023

Tax credit vs. tax deductionA tax credit is more valuable than a tax deduction of the same amount. Why? A tax credit reduces any taxes owed on a dollar-for-dollar basis, whereas a tax deduction simply reduces the total income on which...

Monday, July 10, 2023

TIPS FOR KEEPING YOUR EMOTIONS IN CHECK, THE ONE QUESTION YOUR FINANCIAL PROFESSIONAL SHOULD ASK & WISE WORDS FROM THE ORACLE OF OMAHAMoney is always an emotional subject and when our emotions get involved with our investments we often...

Wednesday, June 28, 2023

A life insurance policy is part of financial planning. Life insurance is there to help ease the financial trauma that comes with the loss of a spouse, parent, or partner. As you encounter different events in your life, you may need to...

Friday, June 23, 2023

Only about 25% of Americans aged 60 and over have access to a defined-benefit plan, also known as a pension.1 Firefighters are in the small group of Americans who have the option of an employer-sponsored pension plan, but this may not...

Thursday, June 22, 2023

While each generation comes with its own array of financial challenges, the sandwich generation often feels a tight financial squeeze. Follow these six tips to get your retirement on track while still prioritizing your family. 

Thursday, June 22, 2023

Generation Z, the youngest working generation, is thought of as being uninterested in the future. However, recent research has shown that this stereotype may not be accurate, as many Gen Z individuals are excelling at saving for retirement

Thursday, June 22, 2023

After spending so much of your life saving for retirement, it may be challenging to transition from depositing funds to withdrawing them. Here are three tips that may help you preserve wealth after retirement...

Thursday, June 22, 2023

Before you spend that newfound inheritance, or give away any money or assets, or leave your job, you should do a cash flow analysis and determine your net worth as a first step toward planning your financial strategy.

Monday, June 12, 2023

Annuities often get a bad rap as insurance products – and often rightly so Life insurance buys financial protection against your premature death. Here’s the how-to on another insurance that can protect you from living too...

Thursday, June 8, 2023

The press – not Wall Street – is most concerned about the June 1st deadline The debt ceiling refers to a legislative limit imposed by the U.S. government on the amount of debt that can be issued to fund its activities. It...

Thursday, June 8, 2023

Government employees, such as teachers, firefighters, police, and others, often consider working after their eligible retirement age when presented with a DROPs offer. A DROP program is a tax-advantaged retirement plan that provides...

Thursday, June 8, 2023

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully.When you hit a certain age of your life, you may...

Thursday, June 8, 2023

Financial freedom is a state of being in control of one's finances, covering expenses easily, and saving for future goals. Financial freedom enables you to choose how you spend or interact with your money and have the choice to decide...

Wednesday, June 7, 2023

It wasn’t long ago when an individual went to college, got an education, and embarked on one career that usually lasted a lifetime. Many companies provided on-the-job training, and little emphasis was put on the idea of going...

Friday, April 14, 2023

Medicaid planning serves to accomplish a number of goals: (1) qualifying for Medicaid, (2) exchanging "countable" assets for exempt assets, (3) preserving assets (including the family home) for loved ones, and (4) protecting the healthy...

Friday, April 14, 2023

For some officers, relying on the police pension may not be enough to retire comfortably and confidently. Here are four financial planning tips for police officers that take into account their special retirement benefits.

Wednesday, April 12, 2023

Often, financial problems or worries may impact your mental wellbeing, especially if you’re anxious or depressed about your situation. Below, we take a look at some examples and how to get treat them.

Tuesday, April 11, 2023

The ability to enjoy a secure retirement is an objective that many teachers and their colleagues pursue years before they leave their jobs. Eventually, each must consider life beyond their career and the benefits they may receive...

Thursday, March 16, 2023

Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed income to your survivors, provide for your children's education, pay off your mortgage, and simplify the transfer of assets....

Tuesday, March 14, 2023

Optimizing your Social Security retirement benefits means getting the best return possible on each dollar you've contributed to the system. However, if you make wise decisions regarding when you retire and how much you earn, you can...

Monday, March 13, 2023

Financial literacy isn't often taught in schools—which means that many people may enter adulthood without having all the tools they need to make informed and effective financial decisions...

Wednesday, March 1, 2023

Section 529 plans are popular education savings vehicles. To choose the type of 529 plan that's right for you, it's important to understand how 529 savings plans and 529 prepaid tuition plans work and the differences between them...