Financial, Wealth and Retirement
News and Information


Helping You Make Sense of the
Economy and Market

November 25, 2021

Thanks and Giving: How You Make a Difference on Giving Tuesday

Giving Tuesday is a day to extend the goodwill that the holiday season may bring to help others. With so many in need, the holiday season is a reminder to help those less fortunate. Whether you want to donate your time or contribute funds to your favorite cause, there are many ways to celebrate the day. Here are some ways ...

Read More
November 24, 2021

Carving Out Time to Support Small Business Saturday

American Express created Small Business Saturday in 2010 to provide small businesses with a holiday season boost on the heels of Black Friday. The day comes after one of the biggest shopping sales events and serves as a reminder to spend some of your holiday funds with local shops. Those shops may on your support to stay in business. Check ...

Read More
November 14, 2021

Business Loans to Children: What Parents Should Know

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 history or collateral. And, on their part, many parents want to help their children succeed in starting independent businesses. Although many parent-child loans go smoothly, if a ...

Read More
November 4, 2021

Many Reasons to be Thankful

The past year and a half have tested all of us, but overall, the economy continues to strengthen, COVID-19 trends are greatly improving, and this still relatively young bull market is alive and well. As the leaves turn colors and begin to fall to the ground, there are many reasons to be thankful. The economy slowed considerably in the third ...

Read More
November 3, 2021

Can You Spot the Scam? Common Financial Fraud Warning Signs

Many people are familiar with the scammers who promise to pay millions of dollars in exchange for briefly holding funds in your bank account or those who offer to enhance certain body parts risk-free. Today's scammers are clever at making their offers seem legitimate. How can you spot scams before they happen? We discuss the five biggest red flags of ...

Read More
October 29, 2021

The Most Common Tax Tips before Year End

Tax planning can be advantageous when done during the year and well in advance of year’s end. Opportunities exist for you to mitigate tax liability, which may leave more income for you and/or your family. Generally, people put off tax planning because paying income taxes is an obligation. So, this “negative” view can cause frustration. It is often simpler to ...

Read More
October 26, 2021

Protecting Your Financial Information Online

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet, understanding how to protect your privacy can help mitigate your exposure to risk.   Here are some ways to help you safeguard your information:   Read privacy policies. Before ...

Read More
October 18, 2021

Resources for Women-Owned Small Businesses

Small businesses face many problems related to their size, capital, and capability, and for women-owned small businesses, the challenge is sometimes even greater. The good news is there are many professional organizations out there that understand the challenges that women-owned small businesses face and have positioned themselves as resources to help provide assistance. Below are a few resources women-owned small ...

Read More
October 8, 2021

Advancing Tax Proposals Put Corporations and High-Income Individuals in Spotlight

On Saturday, September 25, 2021, the House Budget Committee voted to advance a $3.5 trillion spending package to the House floor for debate. The House Ways and Means Committee and the Joint Committee on Taxation had previously released summaries of proposed tax changes intended to help fund the spending package. Many of these provisions focus specifically on businesses and high-income ...

Read More
October 8, 2021

Alternative Savings Options: When You Already Have A Knack for Budgeting and Saving

If you've moved beyond basic financial advice—live below your means and set aside funds for a rainy day—you may be wondering what to actually do with these rainy-day funds. With inflation on the rise, keeping excess cash in a checking or savings account could erode your purchasing power over time.1 What should you do to put these extra funds to use? Below, learn ...

Read More
October 3, 2021

A Fall Financial Checklist

For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your spending after the summer’s over to see what lies ahead. These tips can help you make simple, sensible choices and take action ...

Read More
September 30, 2021

Long-Term Care: Exploring Your Options

Have you ever thought about what would happen if you or a family member were no longer able to live independently? What if your elderly parents were no longer able to drive or perform basic activities of daily living, such as bathing or toileting? Would you or another family member be able to provide the care that your loved one ...

Read More
September 20, 2021

Things to Consider Before Buying a Franchise

There are nearly three-quarters of a million franchise businesses in the U.S, employing more than 8 million workers.1 Though franchises may take away much of the hassle and up-front cost of starting a business, essentially providing a "business in a box," there are also some special considerations to mull over before purchasing a franchise. Below, we discuss just a few of ...

Read More
September 13, 2021

Financial Considerations for Working Parents

Nine of every 10 U.S. families with children have at least one working parent.1 Though working parents make up one of the largest demographic groups in the country, they face many challenges—from the cost of childcare to inconvenient scheduling issues. There are a few steps working parents may wish to take to smooth the path ahead, both financially and logistically. Read ...

Read More
September 7, 2021

Choosing the Right 401(k) for Your Employees & Your Business

Implementing a 401(k) plan for your employees is good business. It means you're thinking strategically, that you care for your employees, and are focused on the long-term health of your company. Implementing a retirement plan: Can help you attract and retain top talent. May make you eligible for tax credits.1 Can allow you to deduct contributions to employee 401(k)s as ...

Read More
August 31, 2021

Life Insurance

Changing Times, Changing Needs When Judy purchased her life insurance policy 10 years ago, she thought her insurance planning was complete. She assumed that if she paid her premiums on time, she could sit back and not think about life insurance anymore. Judy’s life insurance may help to protect her loved ones from future uncertainties, but her policy should not ...

Read More
August 12, 2021

Starting a Business with a Friend: Do’s and Don’ts

It is estimated that about 40 percent of business founders were friends before they became business partners.[1] But while starting a business with a friend can be a great way to secure your financial future, it can also put new and challenging pressures on your friendship. Below are some tips and tricks to help you maintain best business practices while growing your relationship ...

Read More
August 6, 2021

Six Months and Counting

Six months and counting. That is the current monthly winning streak for the S&P 500 Index. To take that a step further, this key equity benchmark has posted gains in 13 of the last 16 months—dating back to the March 2020 low. With stocks nearly at a double from those lows, it has indeed been hard to quibble about what ...

Read More
August 6, 2021

Federal Student Loan Interest Rates Set to Increase for 2021-2022

After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.1 The interest rates on federal student loans are reset each year after the May auction of the 10-year Treasury note. The rates apply to new federal student loans issued on or after July 1, 2021, ...

Read More
August 4, 2021

Taxpayer Appreciation Day—Recognizing Taxpayers’ Contributions

Though U.S. taxpayers received an extra month to file and pay their federal income taxes in 2021, some are still smarting from having to write a check to the IRS.[1] For many, it can be tough to make the connection between those hard-earned dollars going out the window and the roads, services, and even technological advances that are made possible through ...

Read More
August 2, 2021

Begin Investing While Young

There’s a simple word that has profound implications for savings and investing: compounding. Like a snowball that grows as it rolls down a hill, compounding provides the potential for your money to grow, reinvesting your investment earnings. It is a basic model for growth potential, and the more you invest, the greater the opportunities to create long-term value. Let’s take ...

Read More
July 30, 2021

Changes to Medicare in 2021: What Recipients Should Know

For many people, turning 65 provides one of the keys to retirement: access to affordable healthcare. Whether you're enrolling in the Medicare program for the first time or have been a Medicare enrollee for years, it's important to stay on top of current offerings, costs, and enrollment dates so that you can select the plan that best fits your needs. ...

Read More
July 16, 2021

How Small Businesses Can Stay Competitive

Launching a small business can be an all-consuming prospect. Even after you start to feel as though you have gotten into a groove you could find yourself facing unforeseen challenges—from a new competitor to supply chain issues. Fortunately, there are a few things you can do to try and remain competitive regardless of what is being thrown at you. Read ...

Read More
July 6, 2021

Investing in Your Vacation

Why do most avoid this important investment? Why do so many of us not use our vacation days?  Salespeople talk about “leaving money on the table.”  Well, employees leave vacation on the table. And the cost to us is significant. In fact, Americans leave 429 million vacation hours on this proverbial table, according to a report from Forbes. And USA ...

Read More
June 20, 2021

Umbrella Policies: Extra Coverage and Peace

Additional insurance to protect your assets and future Why doesn’t anyone ever tell you not to buy an umbrella liability policy? It seems like additional overall security for pennies. Sure, you can spend pennies paying for something you don’t need or will never use, but isn’t that the argument against all insurance? Let’s run some numbers and see if this ...

Read More
June 15, 2021

HENRYs with Limited Wealth-Building Potential – Are You One of Them?

The term HENRY (High Earners Not Rich Yet) refers to individuals who have the potential to become wealthy in the future because of their income. These individuals or families earn between $250,000 and $500,000 per year and are between 25 and 45 years of age (Gen Z, Millennials, and Gen X). Despite their income, after paying their living costs, taxes, ...

Read More
June 9, 2021

Maintaining the Investment You Made in Your Home

For many Americans, the home is the single biggest purchase made during their lifetime.[1] As a result, it's important to do everything possible to keep it in good condition. Even moderate or short-term neglect can be dangerous, as small problems can quickly snowball into larger and more expensive ones. But homes don't come with an instruction manual, and it can be ...

Read More
June 8, 2021

Gearing Up for Summer

As we move into June, a path to normalcy is coming quickly with stadiums allowing full capacity, restaurants filling up, and summer vacations in full swing. Meanwhile, the U.S. economy continues to recover remarkably quickly and the stock market is near all-time highs. Although there are many positives, a lot of this good news could very well be priced into ...

Read More
May 28, 2021

How to Teach Your Children Financial Wellness

Teaching children about financial wellness should start at an early age. Learning how making money, saving, and spending is related and the first step in teaching your child how to understand the value of money. Children learn from parents, mentors, and even their friends. Ensure you provide them with basic tools for financial wellness. Here are a few ways to ...

Read More
May 27, 2021

For The 99.5% Act

In March 2021, Senator Bernie Sanders (VT) sponsored a new bill called the “For the 99.5% Act” proposing new and revised estate, gift, and tax rates aimed at the wealthiest 0.5% of Americans.1 The bill is complex, but we've attempted to anticipate your questions and cover the most meaningful points here. Question 1: Who will be affected? (or “Who are the ...

Read More
May 24, 2021

Traditional IRAs versus Roth IRAs

Understanding the contribution, age, and income rules in 2021 Currently, there are two popular Individual Retirement Accounts (IRAs) vying for your attention: the traditional IRA and the Roth IRA. While both are long-term savings vehicles with tax benefits, each has different rules concerning contributions, age, and income that may change from one year to the next. Contributions Perhaps the biggest ...

Read More
May 20, 2021

How to Stay Committed to Your Financial Goals

Setting healthy financial goals is critical. Even more important is staying committed to those financial goals. Keeping yourself committed to your goals may be difficult, especially when times may be financially tough. But by staying on track and focused on your goals, you are more likely to get the long-term outcome you seek. Below are a few simple tips that ...

Read More
May 10, 2021

5 Investment Considerations for Small Business Owners

If you're a small business owner, many of the best practices employed by individual investors are also available to you (of course!), but you also have some additional options and factors to weigh while creating your investment plans. We've outlined five key differences for your consideration: 1. Diversifying outside your own industry Small business owners often develop a tendency to ...

Read More
April 30, 2021

4 Reasons to Consider a Life Insurance Policy

Buying a life insurance policy is something that many people push off, sometimes until it is too late. For many people, the thought of buying life insurance means thinking about their death, which is something that most people wish to avoid. Life insurance is not about death, but instead about the future and security of your loved ones. If you ...

Read More
April 16, 2021

Key Benefits of a Financial Advisor

Whether you've been wondering about boosting your investments' rates of return or are concerned that your financial affairs are a bit too complicated for your next of kin to handle, it may be time to seek advice from a financial professional. Financial professionals help their clients create strategies to develop their wealth, from optimizing their taxes to setting retirement savings ...

Read More
 

Every day is one day closer to your dream.
What are you waiting for?