Blog

 

Thursday, September 10, 2020

Rest and relaxation are likely the first two words that come to mind when you think about retirement living. Afterall, traveling and spending more time with family are some of the most enjoyable perks of retirement. While these are...

Thursday, August 27, 2020

Children learn from their parents in multiple ways. They learn by observing, following an example, and receiving feedback or advice. However, many children often learn by experimenting and making mistakes—a natural part of...

Thursday, August 13, 2020

Typically, you must be over 59 ½, to withdraw funds from your retirement plan without paying an early withdrawal penalty. But, the government has relaxed the rules a bit to help Americans during the coronavirus pandemic. The...

Thursday, July 23, 2020

Roth IRAs and traditional IRAs are popular individual retirement arrangements that have similar and different benefits. Traditional IRAs offer tax-deferred savings. Roth IRAs offer tax-free growth and tax-free distributions provided...

Thursday, July 9, 2020

Our post-COVID economy is not making retirement planning easier. Thanks to stock market volatility and an uncertain economy, millions of job losses, and the threat of the pandemic spreading—many Americans are facing tough...

Show All

Monday, June 29, 2020

The Week on Wall StreetA jump in COVID-19 cases dampened investor enthusiasm last week, sending stock prices lower on worries that rising infections could derail the economic recovery. The Dow Jones Industrial Average slumped 3.31%,...

Thursday, June 25, 2020

When you retire, you’ll finally have the freedom to be your own boss, to live where you want, and to do what you want. But, believe it or not, transitioning into retirement can be stressful. We recommend you consider retirement...

Monday, June 22, 2020

The Week on Wall StreetStocks moved higher last week on news of more Federal Reserve market support and diminished concerns that new COVID-19 cases might lead to another economic shutdown. The Dow Jones Industrial Average rose 1.04%,...

Monday, June 15, 2020

The Week on Wall StreetInvestor sentiment turned negative last week, amid an increasing number of COVID-19 cases in states where reopening has been underway as well as a subdued economic forecast from the Federal Reserve. The Dow Jones...

Thursday, June 11, 2020

These tips apply to single retirees regardless of what’s going on in the world. Loneliness and isolation are often experienced by retirees leaving the workforce. But, until more is known about this virus, below are tips for...

Monday, June 8, 2020

The Week on Wall StreetA positive jobs report sent stocks soaring last Friday, capping a solid week as evidence of a global economic recovery outweighed concerns over civil unrest and tensions with China.The Dow Jones Industrial...

Monday, June 1, 2020

The Week on Wall StreetThe shortened week, which began with a powerful two-day rally of trading, was enough to drive the markets into another week of solid gains. The Dow Jones Industrial Average rose 3.75%, while the Standard &...

Monday, June 1, 2020

As we know, college students who finance their education with student loans can expect to be saddled with debt for years to come. Facing that debt is a deterrent for teens who want higher education but can’t afford it on their...

Tuesday, May 26, 2020

The Week on Wall StreetUpbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week.The Dow Jones Industrial Average rose 3.29%, while...

Monday, May 18, 2020

The Week on Wall StreetStocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell's unsettling comments on the economy and signs of renewed tensions with China.The Dow Jones Industrial Average fell 2.65%,...

Thursday, May 14, 2020

If something happened to you tomorrow—where would that leave your minor children? That’s a heart-stopping question, and we mean for it to be. Here are a few more: Who will they live with? Is there enough money for their...

Thursday, May 14, 2020

If something happened to you tomorrow—where would that leave your minor children? That’s a heart-stopping question, and we mean for it to be. Here are a few more: Who will they live with? Is there enough money for their...

Monday, May 11, 2020

The Week on Wall StreetDespite a historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings, both here and abroad.The Dow Jones Industrial Average gained 2...

Monday, May 4, 2020

The Week on Wall StreetStock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their economic lockdowns. The Dow Jones Industrial Average...

Monday, April 27, 2020

The Week on Wall StreetStock prices bounced around last week as investors reacted to wild swings in the price of oil and reports that called into question the efficacy of two potential virus treatments.The Dow Jones Industrial Average...

Thursday, April 23, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in late 2019, providing many different ways to help Americans save for retirement. But, one not-so-helpful provision is the elimination of the stretch IRA...

Monday, April 20, 2020

The Week on Wall StreetStock prices pushed higher last week as news of a White House plan to reopen the economy and reports of a potential COVID-19 treatment helped the market overcome weak economic data and an ugly start to the...

Monday, April 13, 2020

The Week on Wall StreetThe stock market staged a broad rally this week, buoyed by the prospect that COVID-19's grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses.The Dow Jones...

Monday, April 6, 2020

The Week on Wall StreetModest declines in stock prices this week masked the volatile inter- and intraday price swings as investors digested poor economic data and a warning from the president that the worst days of the COVID-19...

Thursday, April 2, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act delivers some impressive features for small businesses and their employees moving forward. If you fall into either category, here’s what you need to know...

Monday, March 30, 2020

An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a $2 trillion aid package improved investor sentiment and drove a strong rally in stock prices. The Dow Jones...

Monday, March 23, 2020

The Week on Wall StreetThe stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy...

Thursday, March 19, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in December 2019, implementing extensive changes to retirement planning and saving. Two of those changes impact traditional IRA contributions and required...

Monday, March 16, 2020

The Week on Wall StreetMarkets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices.The Dow Jones Industrial Average fell 10...

Thursday, March 12, 2020

Anyone who’s tried to get a loan or credit card understands the importance of a good credit score. If you are a college student or a young adult, this can be tricky. You have your whole life to build a great credit history, yet...

Monday, March 9, 2020

The Week on Wall StreetHeightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week.The Dow Jones Industrial...

Monday, March 2, 2020

The Week on Wall StreetStocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.The selloff became a correction for the U.S. markets. The S&P...

Thursday, February 27, 2020

From increasing deductibles and premiums, to new plans and plans that are no longer available, there are many Medicare changes in 2020. Most people are familiar with Medicare Parts A, B, and D. Part A covers hospital stays, skilled...

Monday, February 24, 2020

The Week on Wall StreetTraders paid close attention to coronavirus developments and earnings last week, while wondering how the former might eventually impact the latter. Concern over updated infection numbers moderated risk appetite.A...

Tuesday, February 18, 2020

The Week on Wall StreetDaily headlines about the coronavirus had little impact on stock market averages last week. Earnings and mergers had more influence. All three Wall Street benchmarks improved. The Nasdaq Composite rose 2.21%,...

Thursday, February 13, 2020

Do you dream of retirement and the days when you can relax and travel? You’ve worked the majority of your life, maybe raised a family, and your desire of travel and seeing the sites got lost in life’s shuffle. Well,...

Monday, February 10, 2020

The Week on Wall StreetStocks advanced four days out of five during the past market week, erasing the losses of the week before. The Nasdaq Composite surged 4.04%, the S&P 500 3.17%, and the Dow Jones Industrial Average 3.00%. Foreign...

Monday, February 3, 2020

The Week on Wall StreetStock benchmarks declined for a second straight week as coronavirus news tempered risk appetite.The S&P 500 fell 2.14% on the week. The Nasdaq Composite dipped 1.76%, and the Dow Jones Industrial Average, 2.55%....

Monday, January 27, 2020

The Week on Wall StreetStock prices fell last week as investors considered the potential health and economic risks of the flu-like coronavirus.Foreign stock markets, as tracked by the broad MSCI EAFE index, fell 1.03% for the week....

Thursday, January 23, 2020

Are you one of many Americans who look forward to income tax refunds this time of year? Lots of people do and even count on that money to help with their finances. But you should be aware of fraudulent activity that can affect that...

Tuesday, January 21, 2020

The Week on Wall StreetTraders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement...

Tuesday, January 14, 2020

The Week on Wall StreetThe market had a choppy five days, with traders reacting to geopolitical developments and weaker-than-expected jobs data. Even so, the three major U.S. equity indices posted weekly gains and continued their...

Thursday, January 9, 2020

The year 2020 marks a historic precedent in terms of Social Security payments. For the first time since trust funds were established in 1983, Social Security payments will exceed more in this year than the funds accumulate. While this...

Monday, January 6, 2020

The Week on Wall Street Stocks descended from record highs Friday, as traders reacted to a U.S. drone strike that killed Iran's top military officer. Oil prices rose more than 3% following the breaking news.[1] Wall Street benchmarks...

Thursday, December 26, 2019

There are several monumental milestones we look forward to in life. Growing up, getting married, having a baby, finding our dream job…and then enjoying our golden years. Retirement should be everything you dream of, and more! So...

Thursday, December 12, 2019

Spousal benefits for Social Security are allowed for current and ex-spouses (provided you were married for more than ten years before divorce). The amount you’re entitled to depends on a few factors, such as the work history of...

Thursday, November 28, 2019

Traditionally, November is the time of year people reflect on things they’re thankful for. You may see gratitude challenges on social media encouraging you to list something that you’re grateful for every day for the month....

Thursday, November 14, 2019

In case the SECURE Act passes Congress, we could be facing the elimination of the stretch IRA. But, there are a few maneuvers people can make to continue to protect their wealth and pass it down to their children. The proposed...

Tuesday, October 22, 2019

What do you really know about your future spouse? Are they a spender or a saver? Do you both have the same goals? Do they want to buy a house or rent, and which would you prefer? How much debt do you both bring to the table? How about...

Thursday, October 10, 2019

From basic activities to the bucket lists of the rich and famous, adult summer camps are designed with everyone in mind. Adults can have fun, learn new skills and hobbies, visit places they’ve never been and forge new friendships...

Thursday, September 26, 2019

When looking for a new home and especially if you’re relocating, a lot of questions come into play. Do you want to be close to your job? What’s the best school district for the kids? Two-story with a pool or sprawling...

Tuesday, September 17, 2019

Medicare parts A and B provide basic healthcare coverage for Americans 65 and older, but as we know, that coverage does not pay all the bills. Hospital stays or major illnesses can bring about ridiculously large deductibles, co-pays,...

Thursday, September 12, 2019

Okay, so now you’re retired! What are you going to do? If you are like many Americans, perhaps you plan to embark on your dream of traveling across the globe. But, as exciting as this can be, there are a few things you need to...

Thursday, August 22, 2019

Most Americans have heard of 401(k) retirement plans. These are typically employer-sponsored plans that allow pre-tax contributions by the employee along with employer contribution or a profit-sharing feature. However, if you are a...

Thursday, August 8, 2019

Prenups and trusts are two distinct tools that offer protection in the event of a divorce. Now, no one wants to think about divorce when you’re getting married. But, in the same breath and especially if you already have children,...

Thursday, July 25, 2019

So, you made it to retirement! Life is smooth sailing from here on out, right? This is the era of your life you’ve been diligently working towards since you got your first job. Now you have exited the stage of 9 to 5 employment,...

Thursday, July 11, 2019

The IRS allows individuals aged 50 and older to make catch-up contributions to retirement plans. These are set amounts you can contribute above and beyond the annual contribution or elective deferral amount your plan allows each year....

Thursday, June 27, 2019

Retirement is something many adults look forward to most of their lives. They work and raise their children and dutifully sock away income for retirement, anticipating one day living out the dream of their golden years. However,...

Thursday, June 13, 2019

Did you know the IRS has provisions to their 10 percent early-withdrawal rule for IRAs? Yes, it’s true! You don’t have to pay that penalty if you withdraw funds for specific reasons before you turn 59 ½ years old. Of...

Thursday, May 23, 2019

These days, many of us are more aware of the benefits of exercise than older generations were. Seriously, how many of your Baby-Boomer (1946-1964) or Silent Generation (born before 1945) parents and grandparents went jogging regularly,...

Thursday, May 9, 2019

Most parents are a source of stability for their children throughout their lives. But, as time goes on, roles begin to shift, and often, parents are the ones who need assistance. This is a difficult transition, especially if the adult...

Thursday, April 25, 2019

Teenagers have a lot on their minds these days. Getting summer jobs, buying their first car, social media stress, peer pressure, SAT scores, college credits, retirement. Wait—retirement? It’s safe to say that retirement is...

Thursday, April 11, 2019

Whether you’re new to Medicare or have been with the program for a while, it’s important to know how it works and what options are available to you. The federal insurance program has undergone many changes over the years,...

Thursday, March 28, 2019

Depending on where you live and how your contributions stack up at the end of the year, you may be able to claim a tax credit if you contribute to a 529 plan. If you’re considering opening one to save for your child’s (or...

Thursday, March 14, 2019

There are many investors who play the game of market timing. Perhaps they enjoy trying to time their exit from the S & P “just right” to avoid losses. Or, maybe they believe avoiding those losses is better than missing out...

Thursday, February 28, 2019

Saving for your retirement can be tricky business and taking distributions from your retirement accounts can be even trickier. You must understand how required minimum distributions (RMDs) work so when you reach the age of 70 ½,...

Thursday, February 14, 2019

If you haven’t started already—you had better get moving, especially if you don’t want to file an extension on reporting your income taxes for 2018. Below are dates and other important items to help you complete any...

Thursday, January 24, 2019

It’s that time of year again—the time when you should take stock of your retirement portfolio to ensure you’re on the right track to retire comfortably. Below are four tips to help you build more wealth in your...

Thursday, January 10, 2019

We want it all. We want that house on the rolling hill behind the white picket fence. Or maybe some of us want the penthouse on or around Park Avenue. How about that fast, sporty car? Frequent vacations to foreign lands? More time to...

Thursday, December 27, 2018

The Tax and Jobs Cut Act presented sweeping changes, introducing benefits to all classes of Americans. Below are some of the most important tax law provisions you should be aware of as we enter the 2018 tax reporting season. Some of...

Thursday, December 13, 2018

Health savings accounts (HSAs) are highly underrated and underused, in our opinion. Many people don’t understand the significant impact these accounts have on offsetting retirement income, as well as the long-term investing...

Thursday, November 29, 2018

Baby boomers are still bouncing back from the 2008 financial crisis, along with being victims of the switch from defined benefit pension plans to 401(k)s, which ultimately led to insufficient contributions and proper growth in their...

Thursday, November 8, 2018

Getting divorced is never easy. Dividing assets is not fun. And, one of the largest assets many married couples have is their 401(k)—which can be tricky to divide because the rules for doing so are complex. The division of these...

Thursday, October 25, 2018

Tax season is right around the corner, which means many people are seeking ways to reduce their tax liability. In the past, charitable donations were a popular avenue to make this happen. However, with the new tax law provisions,...

Thursday, October 11, 2018

Prepping Your Financial House for Income Tax Season It may only be October, but tax season is just around the corner. Time flies when you’re having fun (and even when you’re not!), but don’t let April 15 sneak up on...

Thursday, September 27, 2018

If you plan to pay for your child’s college education, chances are you know what a 529 plan is. What you may not know is that you can also use a Roth IRA for college savings. There are significant pros and cons of each savings...

Thursday, September 13, 2018

Roth IRAs are a powerful investing tool many individuals favor to save for retirement. Thanks to the Tax and Jobs Act of 2017, the income limits for eligibility have been expanded, allowing more savers to own and convert to Roth IRAs....

Thursday, August 23, 2018

The Tax and Jobs Act of 2017 delivered some pretty significant changes regarding Roth IRA conversions. The Roth IRA as an investing vehicle is attractive thanks to the tax advantaged savings it provides. The fact that funds could be...

Thursday, August 9, 2018

There are quite a number of savvy individuals in the financial world who are well-equipped to help you navigate your own financial realm. Some of these professionals have carved out a selective niche, others enjoy diving into your...

Thursday, July 26, 2018

The term “financial professional” is a broad designation that encompasses a certain class of people who are qualified to oversee your finances. Simple definition, right? But, what’s complex for some is determining why...

Thursday, July 12, 2018

While we are all aware that we must continue paying income taxes when we retire, some people fail to fully calculate those pesky little (or big) expenses into their budgets. Especially without a trusted wealth planner or savvy CPA on...

Thursday, June 21, 2018

Chances are you cleverly crafted your estate. You worked hard to ensure your wills and trusts were set up properly to suit your personal needs in the now, as well as the desires for your heirs when you pass. Because it can be a...

Thursday, June 7, 2018

In a world of ever-changing healthcare options (or lack thereof), navigating Medicare is confusing for most. If you plan to work past the age of 65, you should clearly understand how Medicare works and enroll when required to. There...

Thursday, May 24, 2018

There are many tax reforms that have come into play in 2018 since the Tax Cut and Jobs Act of 2017 (TCJA) took effect. Perhaps a few of the most exciting are provisions regarding 529 education savings accounts (ESAs). ESAs are an...

Thursday, May 10, 2018

Many divorces are complicated and so is understanding how Social Security benefits work after divorce. Except, it’s actually pretty cut and dry: By law, those benefits are not included in the settlement. The fact that Social...

Thursday, April 26, 2018

There are many different ways financial professionals advise you to create a retirement budget. In fact, experts recommend helpful lists that contain from 5 to about 100 categories (seriously) that you can use to find your magic number...

Thursday, April 12, 2018

Have you ever heard of second quarter financial resolutions? Maybe you have and maybe you haven’t, but either way, we’re going to explain. Because, remember those New Year’s resolutions you made a few months ago? You...