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Wednesday, February 21, 2024

Tax planning might be complex, but it's also essential—especially for high-net-worth families, where missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. And even in...

Monday, February 12, 2024

Wealth transfer is more than just a financial transaction; it's an opportunity for families to pass on their values, wisdom, and a legacy of love. Navigating this process requires careful consideration, open communication, and a shared...

Tuesday, February 6, 2024

Just as a winning team meticulously plans its Super Bowl plays, individuals and families may benefit from developing a comprehensive plan for their estate. Estate planning isn't just for the wealthy. Estate planning is a strategic move...

Wednesday, January 31, 2024

As high-net-worth individuals navigate the complexities of financial planning during their working years, one critical aspect often goes overlooked—long-term care. In 2021, the median monthly cost of a private room in a nursing...

Thursday, December 21, 2023

For high-net-worth individuals (HNWIs), implementing healthy financial behaviors is crucial to maintaining their assets and growing wealth. Regardless of having significant financial means, embracing healthy financial behaviors must...

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Thursday, December 21, 2023

Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to...

Thursday, December 21, 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...

Thursday, December 21, 2023

When you think of identity theft, you may think of unauthorized credit card payments or new lines of credit. However, tax identity theft is one of the most common types of identity theft — and it’s also the most common...

Monday, December 18, 2023

How To Give Stock as a Gift If you struggle to find a gift for the person who has everything—or want to do your holiday shopping without having to leave the house—consider giving stock as a gift. Doing so is easier than you...

Sunday, December 10, 2023

Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned income when you can't work. Why would you...

Tuesday, December 5, 2023

What would you do if you had unlimited funds to donate to charity? Would you focus on causes and organizations that make a difference locally or donate to international organizations? Are your donations providing immediate relief to...

Thursday, November 30, 2023

A 401(k) plan is one of the most popular and effective techniques for saving for your retirement. A company will automatically withdraw and contribute money from each paycheck to your 401(k) plan. Some employers will even match a...

Tuesday, November 21, 2023

Many women have been a caregiver while raising children. Still, now many are caring for a loved one out of necessity as the older family member can no longer care for themselves. The Transamerica Center for Retirement Studies report,...

Wednesday, November 15, 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...

Tuesday, November 7, 2023

High-net-worth (HNW) individuals have investable assets of a million dollars or more. Their substantial monetary resources often put them in a position to contribute monetarily and significantly improve society. The value of...

Thursday, October 26, 2023

Financial planning is an important part of securing your current lifestyle as well as preparing yourself for what you wish to do in your eventual retirement. And while this importance may look different during each stage of...

Friday, October 20, 2023

Women entrepreneurs face a unique set of hurdles when it comes to starting new businesses, particularly in a post-pandemic world. In 2021, women started about 40 percent of all new businesses, and this figure has remained fairly steady...

Wednesday, October 11, 2023

As cloud storage becomes more common, data security is an increasing concern. Companies and schools have been increasing their use of services like Google Drive for some time, and lots of individual users also store files on Dropbox,...

Tuesday, October 3, 2023

Businesses generally are illiquid, which can create problems if a business owner requires care in a long-term care facility. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number...

Wednesday, September 20, 2023

Question I made after-tax contributions to my 401(k). When I retire, can I roll that money into a Roth IRA tax-free? Answer Yes. After-tax funds can be segregated from other funds in the account and transferred directly to a Roth IRA....

Thursday, September 14, 2023

The business landscape is continually changing—technological advances, corporate downsizing, restructuring, and telecommuting have reshaped the marketplace.­ Although these improvements and modifications have a great impact...

Thursday, September 7, 2023

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his...

Monday, August 21, 2023

Few U.S. high schools have comprehensive personal finance programs, which means that some teens enter adulthood without a deep base of knowledge on topics like investing, budgeting, and consumer debt. Even those who feel they're fairly...

Sunday, August 13, 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...

Tuesday, August 8, 2023

Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to send your child to college. Or...

Monday, July 31, 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.PortfolioAn investment portfolio is a collection of investments owned by an...

Friday, July 21, 2023

Many people realize that the best way to stay in shape is to develop an appropriate fitness regimen and then stick with it. If you start a fitness program and drop out, you never give yourself a chance to become physically fit. In the...

Friday, July 14, 2023

Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are...

Monday, July 10, 2023

Working towards financial independence can often be a lifelong process. But for many, financial freedom may come far sooner—and include some fun along the way. What are the differences between financial independence and financial...

Friday, June 30, 2023

Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share...

Saturday, June 24, 2023

Your finances are probably one of the last places you want to experience fireworks—unless they are celebratory. With new year's resolutions firmly in the rearview mirror, the summer months allow you to revisit your financial...

Saturday, June 17, 2023

Whether you are an employee in corporate America or a small business owner, retirement is a part of life. For many, the thought of retiring and whether or not you are ready to take those first steps might be overwhelming or...

Saturday, June 10, 2023

As the U.S. population continues to age, the “sandwich generation” is caught in the middle, supporting both their parents and their children, whether financially, physically, or emotionally. This...

Saturday, June 3, 2023

Employer-sponsored retirement plans, such as 401(k) or 403(b) plans, have become an essential part of the benefits package offered by companies to attract and retain employees. One of the key features of these plans is the employer's...

Friday, May 26, 2023

For kids, teens, and college students, summer break often represents freedom from schedules, responsibilities, and all those other drains on your time. Retirement actually can provide a similar level of freedom, but only if you've...

Friday, May 19, 2023

For the owner of an interest in a small- to medium-sized business, such as a proprietorship, partnership, or corporation, the problem of an untimely death cannot be underscored too markedly.In the first place, the very viability of the...

Friday, May 12, 2023

Business succession planning — what is it? One of the important decisions a business owner must face is when and how to step out of the business — in other words, business succession planning. Do you expect to retire from...

Thursday, May 4, 2023

Keeping a lid on rising health care costs will likely remain at the forefront for organizations this year, for good reason. A confluence of factors – including widespread inflation, economic instability and increased health care...

Friday, April 28, 2023

In today's hyper-connected world, employees expect more than just a paycheck from their employers. They want to be part of something bigger, feel valued and appreciated, and work in an environment that fosters growth and development....

Thursday, April 20, 2023

The demands on medical practitioners today can seem overwhelming. It's no secret that health-care delivery is changing, and those changes are reflected in the financial issues that health-care professionals face every day. You must...

Thursday, April 13, 2023

Most competitive employee benefit packages provide retirement, vacation, health, vision, dental, basic life, and disability insurance benefits, yet business owners might also consider additional programs to grab the attention of...

Thursday, April 6, 2023

Employee benefits are an important part of any company's strategy to attract and retain top talent. As the workforce continues to evolve, employee benefit trends are also changing to meet the needs of employees. Here are five trends...

Thursday, March 23, 2023

Starting a company from scratch can be stressful, no matter how well-prepared you are. Many entrepreneurs can be vulnerable to burnout, which can quickly turn a dream business into a nightmare. What can business owners do to reduce...

Thursday, March 16, 2023

What is it? In today's competitive job market, an attractive employee benefit package can be a useful tool to help you recruit new employees and retain those who are crucial to your company's success. In addition, the tax benefits you...

Wednesday, March 15, 2023

The FDIC-seizure of Silicon Valley Bank is the second-largest US bank failure in history as it held $209 billion in assets at the time of its collapse. Even after adjusting for inflation, by assets it trails only Washington Mutual,...

Wednesday, March 15, 2023

Options for biz owners in the wake of the SVB and Signature Bank failuresAs a business owner, you may have heard about the recent failures of Silicon Valley Bank and Signature Bank. These two events highlight the importance of...

Thursday, March 9, 2023

The IRS has released the 2023 final version of its Publication 15-B (The Employer’s Tax Guide to Fringe Benefits).The “What’s New” section of the publication includes information on the 2023 business...

Thursday, March 2, 2023

When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of...

Thursday, February 23, 2023

On October 21st, the Internal Revenue Service (IRS) announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance...

Thursday, February 16, 2023

For all employers, offering retirement benefits can play a fundamental role in recruiting and retaining qualified employees. Yet, despite the obvious advantages that come with helping workers save for retirement, many not-for-profit...

Thursday, February 9, 2023

Lifetime income (LTI) strategies, such as target income payout funds or annuities within company-sponsored retirement plans, are designed to help investors plan for and manage their accumulated wealth after retirement. However, these...

Thursday, February 2, 2023

Retirement plan sponsors have incredibly important responsibilities to their plan participants—and even sponsors who rely on third-party administrators (TPAs) to administer their plans maintain this fiduciary duty. What should...

Thursday, January 26, 2023

Bank of America's Workplace Benefits Report recently revealed that a whopping 19 in 20 surveyed employers felt responsible for their employees' financial wellness.1 But because financial wellness is such a holistic concept,...

Thursday, January 19, 2023

State-mandated retirement plans result from legislation requiring employers to provide their employees with retirement savings opportunities. Businesses can comply with these laws by enrolling their employees into a state-sponsored...

Thursday, January 12, 2023

At one time, the only way you could join your company's 401(k) plan, 403(b) plan, or 457(b) plan was to put pen to paper and sign yourself up by filling out the appropriate forms. Now, though, in an effort to help participants increase...

Thursday, January 5, 2023

Have you ever considered bankrolling your adult child’s business? Many young entrepreneurs seek parental assistance in launching their companies, especially if they encounter difficulty securing bank loans due to a lack of credit...

Thursday, December 29, 2022

As a small business owner, you know that a qualified plan can make a big difference in your ability to attract and retain desirable workers. At the same time, you may or may not be aware that sponsoring a qualified plan requires the...

Friday, December 23, 2022

You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...

Sunday, December 18, 2022

As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:1....

Friday, December 9, 2022

Market downturns could be a good time to adjust your fund portfolio to minimize the tax bite. Here’s how to calculate the best ways to do that – now and in the future.Taxable accounts you hold longer than a year incur...

Friday, December 2, 2022

Pension plans are still offered at many types of employers today. A pension plan is an employer-sponsored retirement savings plan the employer contributes toward to fund their employees' future retirement.There are two types of pension...

Tuesday, November 29, 2022

What are charitable remainder and charitable lead trusts?Charitable remainder and charitable lead trusts are special types of trusts into which you transfer assets, retain either a present or future economic benefit for yourself or...

Tuesday, November 22, 2022

Are you a spender, a saver, or somewhere in between? Do you view your money with an "easy come, easy go" attitude or focus on saving all you can, "making hay while the sun shines"? Your overall financial philosophy doesn't just affect...

Tuesday, November 15, 2022

You have worked hard to build up your assets and you’re probably wondering: what happens to my savings if I’m affected by a long-term care event? It’s a topic that is worth examining in detail. First, let’s define long-term care.

Tuesday, November 8, 2022

National Veteran and Military Families Month is one of the most recently created celebratory months, put in action by former President Trump starting in November 2020. While various service members are honored throughout the year, this...

Tuesday, November 1, 2022

A trust is a legal vehicle that protects your assets that contains instructions for your assets when you die or become incapacitated. When you set up a trust, you transfer assets from your name into your trust's name while you still...

Wednesday, October 26, 2022

If you have a child, you may want to read the recent analysis from the Brookings Institute which details just how expensive raising kids can be. It’s downright frightening.According to the Brookings Institute analysis, the...

Wednesday, October 19, 2022

What is cash flow analysis? Analyzing cash flow is a simple process that helps you avoid the problems of a cash shortage. A cash crunch doesn't necessarily mean you are broke, but it is a situation you should avoid if possible. Cash...

Tuesday, October 11, 2022

The S&P 500 does best when one party controls Congress and the WH tooThe 2022 Midterm Elections will feature hundreds of hotly contested races at the state and local level and will decide whether the Democrats maintain...

Friday, September 23, 2022

A lot of 401(k) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding these four mistakes is a good start for getting more out of your 401(k).There is...

Friday, September 16, 2022

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? The truth is, saving for your retirement and your child's education at the same time can be a challenge....

Friday, September 9, 2022

Retirement is an exciting time. You have worked hard all of your life and now get to take advantage of the fruits of that hard labor. While retirement is the perfect time to tackle to-do lists and all of the things you have always...

Friday, September 2, 2022

Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed...

Monday, August 22, 2022

A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic...

Sunday, August 14, 2022

We’ve all heard this advice before: if you want to save money, you need to cut back on spending. However, it’s not always so easy. Identifying senseless spending in the following areas can help you save more each month. But don’t fret...

Monday, August 8, 2022

Poor money management can lead to debt, stress, and dependency on others. Fortunately, good money management skills can make it easier for you to accomplish your personal goals. Become familiar with the basics of planning now, and your...

Monday, August 1, 2022

Setting investment goals means defining your dreams for the future. When you're setting goals, it's best to be as specific as possible. For instance, you know you want to retire, but when? You know you want to send your child to college...

Monday, July 25, 2022

There may be financial benefits available to those whose disabilities leave them unable to hold down a job. However, these benefits may come with strict rules and regulations, such as limits on the assets a disabled person may own.

Monday, July 18, 2022

Being caught between two generations of loved ones who require care can be both financially and emotionally draining, but there are ways to reduce the pressure. Here are three financial planning challenges the sandwich generation can face.

Monday, July 11, 2022

July is Independent Retailer Month, which is the perfect time to show your support for locally owned businesses that rely primarily on community support. Independent retailers are essential to communities as they are more likely to put mone

Monday, July 4, 2022

The key for many people in the sandwich generation is to provide guidance and support to their parents without derailing their own life and long-term goals. Here are some tips that may help.

Thursday, June 2, 2022

Thinking of a future without ourselves in it, is not the most pleasant of thoughts…however, it is necessary to do so for the financial future of your family. Keep reading to learn the basic facts of life insurance.

Wednesday, June 1, 2022

College is expensive for many people. The average tuition and fees at a college or university for the 2019 to 2020 academic year at a four-year institution was $9,4001. This may include the cost of tuition, books, and housing. For some...

Wednesday, June 1, 2022

Alzheimer’s disease, the most common form of dementia, is generally diagnosed in people over 65 years old, causing memory loss, changes in mood and behavior, and the gradual inability to maintain independence in daily living activities.

Wednesday, June 1, 2022

Going on vacation doesn’t mean you have to throw your workout routine and money out the window. See the world, workout, save money, and start hiking! Never Hiked? Follow these simple steps to get started.

Wednesday, June 1, 2022

If you're getting ready to buy a home, there are a few key steps you can take to prepare your finances for this major lifestyle shift. Here we discuss three things you can do to make the transition to homeownership as smooth as possible.

Tuesday, May 3, 2022

Tuesday, May 3, 2022

Tuesday, May 3, 2022

Tuesday, May 3, 2022

Monday, March 28, 2022

Monday, March 28, 2022

Monday, March 28, 2022

Monday, March 28, 2022

Thursday, March 10, 2022

Wednesday, March 9, 2022

Wednesday, March 9, 2022

Wednesday, March 9, 2022

Tuesday, March 1, 2022

Friday, February 18, 2022

The first challenge when facing a bear market is recognizing it Every investor knows that his or her portfolio is at least partially at the mercy of the market itself, with overall market conditions playing a huge role in general gains...

Friday, February 11, 2022

Smart investors can cushion market corrections with proper diversification About halfway through January of 2022, NASDAQ closed in correction territory (on January 19th, NASDAQ closed down 10% from its recent high on November 29th), as...

Tuesday, February 1, 2022

Tuesday, February 1, 2022

Monday, January 10, 2022

Monday, January 10, 2022

Monday, January 10, 2022

Monday, December 13, 2021

Monday, December 13, 2021

Monday, December 13, 2021

Tuesday, November 23, 2021

Regardless of size, companies can benefit when the community in which they do business thrives. For entrepreneurs, giving back to the community may be more than just a charitable act; it can also make good business sense. If you have...

Tuesday, November 23, 2021

Retirement is not what you retire from, but what you retire to When you plan for retirement, an exciting new phase of life, double-check your expectations. They may not match the reality. Baby boomers, currently in their 50s and 60s,...

Friday, November 12, 2021

KEY POINTS The 4% rule, a popular strategy to gauge withdrawals from one’s retirement portfolio, won’t work as well in coming decades due to lower projected stock and bond returns, according to a Morningstar paper published...

Thursday, November 11, 2021

We all read and hear about various special deals, “doorbusters,” price cuts, and early opening hours on Black Friday. We also read and hear about the Cyber Monday deals. These sales days offer retailers a big chance to...

Thursday, November 11, 2021

Reviewing your benefit choices will maximize your employment benefits Open enrollment for employee benefits kicks off this month. While you plan your Thanksgiving menu, review your benefit choices. Even if little changed in your life...

Friday, October 29, 2021

Social Security Gets Massive 5.9% Raise in 2022 The largest cost-of-living-adjustment since 1982 impacts 90% of seniors On October 13th, the Social Security Administration announced that Social Security and Supplemental Security Income...

Friday, October 29, 2021

What Veterans Should Know About Retirement Planning Veterans' retirement benefits are among some of the most generous out there, in large part due to the risks and sacrifices that come from military service. But navigating this array...

Friday, October 29, 2021

Your 2021 Year-End Planning Checklist It may be easy to forget we're nearing the end of the year. Even during the busy end of year rush, it's a good time to reevaluate your 2021 finances and turn an eye toward 2022. What can you do now...

Sunday, September 19, 2021

“Field of Dreams” is a 1989 baseball movie inspired by W.P. Kinsella’s 1982 novel “Shoeless Joe.” Starring Kevin Costner, James Earl Jones, Ray Liotta, Amy Madigan and Burt Lancaster, it is about a famer...

Thursday, September 16, 2021

“Field of Dreams” is a 1989 baseball movie inspired by W.P. Kinsella’s 1982 novel “Shoeless Joe.” Starring Kevin Costner, James Earl Jones, Ray Liotta, Amy Madigan and Burt Lancaster, it is about a famer...