As the end of the year approaches, it’s time to consider strategies that could help you reduce your tax bill. Continue reading
Category Archives: Financial Planning
Women and Money: Taking Control of Your Finances
As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for your child’s college education. Or you might be concerned about planning for retirement. Whatever your circumstances may be, it’s important to have a clear understanding of your overall financial position. Continue reading
How Required Minimum Distributions May Effect Your Retirement Planning
Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and employer-sponsored retirement plans after you reach age 70½ (or, in some cases, after you retire). Continue reading
Should you Save for Retirement or your Child’s Education?
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? Continue reading
Financial Planning for New Parents
As you prepare for life with your new child, it’s time to prepare a new financial plan for your family or make any necessary changes to your existing plan. Continue reading
How to Save by Resetting Financial Goals at MidYear
The lazy days of summer are over and September brings new energy as everyone begins to focus on what needs to get done before the end of the year. It’s a time to take a fresh look at your financial health and recalibrate any items that need to be adjusted. Continue reading
Commonly Forgotten Travel Expenses
Heading out of town for fun, rest and relaxation? Thinking about renting your space out for vacationers? Don’t forget your sunscreen and make sure you have planned for the unexpected. Continue reading
What to Know When Receiving an Inheritance
If you’re the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you’ve inherited. You’ll need to evaluate your new financial position, learn to manage your sizable assets, and consider the tax consequences of your inheritance, among other issues. Continue reading
Retirement Confidence Improves for Workers but Declines for Retirees
In its 28th annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) discovered that 64% of today’s workers feel very or somewhat confident in having enough money to retire comfortably, up from 60% in 2017. And although far more retirees are very confident in their retirement prospects than workers (32% versus 17%, respectively), retiree confidence in their ability to meet basic expenses and medical expenses dropped from the previous year. Moreover, both workers and retirees question the role Social Security will play in future retiree income. Continue reading
Retirement Planning at All Stages of Life
Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. Whether you have just graduated and taken your first job, are starting a family, are enjoying your peak earning years, or are preparing to retire, your employer-sponsored retirement plan can play a key role in your financial strategies. Continue reading
