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For What It’s Worth

 

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...

 

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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...