Retirement Income Planning 101
When it comes to retirement and retirement income, you probably know that saving for it as early as possible is essential. This way, you can tap into the power of compound interest and build a healthy nest egg for your future. You may also know that delaying retirement is often a good option, especially if you’re in reasonably good health
How to Prepare for Tax Season
Tax season is fast approaching! If you’re hiring a Certified Public Accountant (CPA), accountant, or other tax professional to handle your taxes, you still have to do some work. It’s your responsibility to gather certain documents so that your tax pro has everything they need to file your return. After all, they won’t be able to perform their job unless
Financial Aid Awareness Month Tips and Ideas
February is Financial Aid Awareness Month. Its purpose is to provide important information to students and their families about financial aid. If you have children or grandchildren who plan to attain higher education after high school, now is the perfect time to increase your knowledge about the college funding process. Here are some ways to help you get started: #1- Complete
Protect Your Loved Ones with Life Insurance
This Valentine’s Day, you owe it to yourself to show your loved ones just how much they mean to you. By investing in life insurance, you can protect your loved ones. At its core, life insurance helps protect your family from financial hardship in the event you unexpectedly pass away. It’s essential if you’re the breadwinner and your loved ones
How the New President May Affect Your Finances
In honor of President’s Day on February 15th, it may be a good idea to discuss with your financial professional how our new president, Joe Biden, may affect your finances, taxes, and retirement. Meeting with your financial professional will enable you to prepare accordingly for the next four years and beyond. Here’s a brief overview of what Biden has in
Financial Wellness- How Do You score?
If you do a Google search for financial wellness, you will find many definitions or explanations. Financial wellness doesn’t have just one meaning because it means something different to each person. Financial wellness is a broad term that encompasses these key areas: Taking control of your money before it controls you. Determining how safe your money is. Planning what to
What You Need to Know: 2021 Social Security Benefit Changes.
The Social Security Administration has again approved a cost-of-living adjustment (COLA) for the Social Security benefit starting in January 2021. The increase of 1.3 percent is calculated based on the year-over-year rate of inflation and will increase the average American worker’s benefit by about $20 per month. The determination for the Social Security benefit increase uses a formula calculating the
Charitable Giving Deductions in 2020
Before 2020 comes to an end, you may want to consider charitable giving deductions. December 1st is the National Day of Giving. It’s the perfect time to give back to charities and individuals you value. Not only can giving back allow you to feel good, giving back comes with a variety of financial and tax benefits. Here are a few
2021 Financial Goal Setting Tips
There is no better time for financial goal setting than at the start of a new year. Financial goals allow you to create a plan, track your progress, and hold yourself accountable. Financial goals may be just what you need to help you achieve a stable and enjoyable lifestyle. Now that 2021 is near, it is a good idea to
How to Deal with Post-Election Volatility
With the election over, you may be concerned about post-election volatility as we enter 2021. Regardless of politics, short-term stock market results can vary depending on factors, including gridlock in the House and Senate and a newly elected future President Biden, who will take office in January 2021. Some stock market analysts view a Democratic President and a Republican-controlled U.S.