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Tuesday, February 6, 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...

Tuesday, February 6, 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...

Tuesday, February 6, 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...

Tuesday, February 6, 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...

Tuesday, February 6, 2024

3 Key Differences Between Traditional and Roth IRAs You Need to Know  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....

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Tuesday, January 2, 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

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...

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 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

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?...

Friday, December 8, 2023

What is Retirement Healthcare Planning?  Retirement healthcare planning is a crucial move due to the substantial financial burden associated with healthcare in retirement. Proactive planning secures your financial well-being and...

Friday, December 8, 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...

Friday, December 8, 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...

Friday, December 8, 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.  A few words about...

Friday, December 8, 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...

Friday, November 10, 2023

The Importance of Financial Education in the Workplace   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...

Friday, November 10, 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...

Friday, November 10, 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...

Friday, November 10, 2023

Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your...

Friday, November 10, 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...

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...

Friday, September 8, 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....

Friday, September 8, 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...

Friday, September 8, 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,...

Friday, September 8, 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, 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. With a net worth...

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

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

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

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 versatility —...

Monday, July 3, 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...

Monday, July 3, 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...

Monday, July 3, 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 —...

Monday, July 3, 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...

Tuesday, June 20, 2023

As a Certified Financial Planner (CFP) professional, one of my top priorities is staying ahead of the curve and keeping my clients informed about potential tax law changes and the risks and opportunities that come with them. Estate tax...

Tuesday, June 6, 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,...

Tuesday, June 6, 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...

Tuesday, June 6, 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?

Tuesday, June 6, 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...

Friday, May 12, 2023

How a Mega Backdoor Roth WorksIf you’re a high-income earner and super saver, you may find the limits of the traditional Roth IRA too restrictive. However, there’s a legal loophole that may enable you...

Friday, May 12, 2023

Each day, employers are getting smart with how they compensate their employees. Stock plans are becoming more popular, especially for top management. The objective is to incentivize employees to remain with the company, thus creating a...

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. Moreover, their ability to provide for themselves or their...

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

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

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

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

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor. Portfolio An investment portfolio is a collection of investments owned by...

Monday, April 17, 2023

The landscape of youth and college athletics had a seismic shift on July 1, 2021, when the NCAA made it legal for athletes to generate income from their own likeness.

Monday, April 17, 2023

Around since the 1980s, Premium Financing is a strategy used by High-Net-Worth Individuals (HNWIs) to cover the expense of large life insurance premiums by taking out a third-party bank loan to pay for the policy’s premiums.

Monday, April 10, 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...

Monday, April 10, 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.

Monday, April 10, 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...

Monday, April 10, 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.

Monday, April 10, 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...

Monday, April 10, 2023

Surviving a Banking Crisis 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...

Tuesday, March 7, 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 ...

Tuesday, March 7, 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.

Tuesday, March 7, 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 ...

Tuesday, March 7, 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 ...

Tuesday, March 7, 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. You should also consider...

Tuesday, March 7, 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.

Monday, February 6, 2023

Health insurance can provide the security to help you save for your health-related needs. Understanding how it works is essential whether you are buying health insurance for the first time or looking to switch policies. When searching...

Monday, February 6, 2023

We all hope to live a long and healthy life, but the unfortunate reality is that we don't know when our time will come. That's why it's essential to have life insurance - so that your loved ones can be taken care of financially if...

Monday, February 6, 2023

Over the last few years, the importance of soft skills has risen exponentially. Employers have realized that while undoubtedly important, hard skills can only take an individual so far in their career path. Soft skills are the key to...

Monday, February 6, 2023

Have you received a bonus from your employer recently? Bonuses can affect your tax burden in various ways. Therefore, it's crucial to understand how they are taxed to plan accordingly. Bonuses Taxed High? Why? When it comes...

Monday, February 6, 2023

Tax filing procrastination can have serious consequences. It's estimated that more than a third of all Americans wait until the last minute to file their taxes. But if you're someone who waits too long and misses the deadline for...

Tuesday, January 3, 2023

The current generation of retirees faces a greater risk of running out of money during retirement than any previous generation. Most retirees estimate they will spend less after retirement, but that is not always the case. Some...

Tuesday, January 3, 2023

You may have heard the saying, "it's never too late to learn." Well, that is certainly true when it comes to retirement planning. Even if you are considering retirement, there is still time to make smart decisions to help ensure a...

Tuesday, January 3, 2023

January is often dubbed "divorce month" as it's the time when many couples call it quits. The reason for this surge in divorce filings is unclear, but experts speculate it could be due to the holidays (when people are not willing to...

Tuesday, January 3, 2023

Debt is something that no one ever wants to deal with, but unfortunately, it’s something that many people must face. When someone dies, their estate is passed on to the beneficiaries listed in their will. This may include assets...

Tuesday, January 3, 2023

As a responsible adult, you know that you need to have auto and home insurance. But that doesn't mean you have to break the bank to get it. In fact, you have many options to keep your rates low. On average, most homeowners pay...

Tuesday, January 3, 2023

Home Alone Nearly one-third of all seniors live by themselves, according to the U.S. Census Bureau. That's close to 14 million seniors aging alone. This suits some seniors just fine, however it’s vital for seniors living...

Friday, December 2, 2022

It's never too early to start planning for retirement. The journey of financial independence begins now, and your decisions today will shape your retirement life. If you are a retiree, you have the potential to benefit from several...

Friday, December 2, 2022

Most people don't think about long-term care until they or a loved one needs it. Long-term care is a type of care that includes personal and medical care services for people with chronic illnesses or disabilities. Long-term care...

Friday, December 2, 2022

Estate Planning may seem intimidating, but it’s a necessary step in your financial planning process to protect your loved ones. Depending on the amount of your assets and other factors such as ownership in a business, estate...

Friday, December 2, 2022

There is no doubt that a global recession would have significant impact on businesses and individuals worldwide. During the Covid-19 pandemic, the United States reported the highest unemployment rate since the Great Depression. Many...

Friday, December 2, 2022

Career success isn’t a matter of luck. The Glassdoor website shares these tips, backed by science, for getting to the top: Walk tall Research suggests that taller men and women have an advantage in the workplace. You...

Friday, December 2, 2022

The end of the year is a time for reflection and goal setting. It's also a great time to do financial housekeeping and ensure you're on track for a successful year ahead. After all, planning can save you a lot of money and stress down...

Tuesday, November 1, 2022

Being in debt can be a stressful experience. It can feel like you’re barely scraping enough money together to cover your monthly expenses and save a few extra bucks just in case something unforeseen comes along. Since most people...

Tuesday, November 1, 2022

The relationship between mid-term elections and the stock markets have been well documented since 1946. This year’s mid-terms are expected to sway the current 50/50 split in the Senate to either side with 35 senate seats up for...

Tuesday, November 1, 2022

Imposter syndrome—the feeling that you’re not as talented as you think you are—is a common affliction that can hold you back in your career. To overcome the insecurity, follow this advice from the Inside Higher Ed...

Tuesday, November 1, 2022

A Heritage of Social Investing One thing that might surprise you about Socially Responsible Investing (SRI), also called Impact Investing, is that it isn’t a recent phenomenon – not even close. In the 18th century the...

Tuesday, November 1, 2022

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

Tuesday, November 1, 2022

Thanksgiving is a holiday that surrounds two of the most beloved ideas. Food and family. Whether you’ve been visiting grandma’s house for the last 15 years or you’re hosting for the first time, the same Thanksgiving...

Monday, October 3, 2022

Medicare is a health insurance program of the United States government that subsidizes healthcare services. People of retirement age (65 and up), younger people who meet certain health criteria, and those with particular conditions are...

Monday, October 3, 2022

There is a time each year, usually in the fall, when individuals can enroll in health insurance, make changes to their existing plan, or drop their coverage altogether. This time is known as the open enrollment period.  Open...

Monday, October 3, 2022

Starting a new career is always difficult, but the challenges can be even more daunting when you’re over 50. Don’t be discouraged, though. AARP has some advice for getting hired when you’re no longer a spring chicken: 

Monday, October 3, 2022

The Federal Reserve authorized another massive increase in interest rates, signaling that further rate hikes are anticipated in the coming months as it seeks to cool off runaway prices. On Wednesday, September 21st, the Federal...

Monday, October 3, 2022

The World Health Organization reports that breast cancer is still one of the two most frequent kinds of cancer worldwide, and it accounts for 5% of all cancer-related fatalities each year. In any given year, more than 265,000 people in...

Monday, October 3, 2022

By now, you know that on August 24th, President Biden announced that the U.S. Government plans on forgiving $10,000 in student loan debt to those who qualify. But what are the qualifications? The U.S. Department of Education has...

Friday, September 9, 2022

There’s nothing exciting about life insurance. But it’s not meant to get you hyped up. It’s meant to take care of you and your loved ones. Life insurance is designed to protect your income in the unfortunate event of...

Friday, September 9, 2022

The emails begin pouring in at the beginning of August when you’re not even thinking about the impending school year. Before you know it, you’re getting a list of items that your child needs to start their school year off...

Friday, September 9, 2022

The pandemic has influenced all our lives in different ways, some tragic, but also some that have made us rethink our needs and goals. Some of us have decided they want a new type of career; some have devoted more of their lives to...

Friday, September 9, 2022

While the professional pundits debate when or if an economic recession is imminent, it may be a good idea to ensure you’re prepared, nonetheless. It doesn’t hurt your bottom line to take a step back and self-evaluate. Learn...

Friday, September 9, 2022

As your kids or grandkids start college this fall, remember that grades aren’t the only thing to pay attention to. Stay on top of your physical and mental health as you ease into college life with this advice from the Chapman...

Friday, September 9, 2022

They say success depends not on what you know but who you know. Skills and experience are important but knowing the right set of people can definitely help you advance and thrive in your career. GQ recommends surrounding yourself with...