Category: Financial Planning

After the dust settles on your divorce, it’s time to update your estate plan. You may have different long-term plans as a single person than you did when you were married. Plus, the composition of your assets may have changed from when you originally devised your estate plan during your marriage. Here’s some information to […]

People whose finances are too tight for proper retirement savings may find some added relief during tax season. One of the tax credits many people overlook is the Savings Contribution Credit, which the Internal Revenue Service makes available to low or moderate-income individuals and families. With a qualified retirement plan or IRA, the credit reduces […]

The Financial Independence, Retire Early (FIRE) movement is a hot trend among Millennials. The idea is to make money fast, save it and grow it quickly to retire as early as possible. This approach requires sacrifices. FIRE advocates recommend living a minimalist lifestyle so they can save up to three-quarters of their regular income. Even […]

The college season has begun. People are busy moving into dorms and are excited for another school year.  Do not forget to review insurance coverages and how the policies may affect the student living away from home. Times have changed. It’s not unusual for today’s college students to have an arsenal of valuable high-tech tools […]

From a financial perspective, women have come a long way in recent years. They currently possess about $10 trillion of the country’s wealth. What’s more, it’s estimated that females will control about two-thirds of overall U.S. wealth by 2030. However, on average, women still earn only 84% of what men make. So, strides are still […]

If you’ve reached an age when you really want to start working on your estate plan, one arrangement to consider is a revocable living trust. Perhaps you’ve heard of one, but you’re fuzzy on the details. Here are the basics. You create a revocable living trust while you’re alive and can cancel it at any […]