7 Social Security Strategies to Consider
As you age, the question of which Social Security strategies to use will likely come to mind click here to find out more. There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take Social Security retirement benefits. Some Social Security strategies may boost your monthly benefit amount, helping
What Business Owners Need to Know About Estate Planning
Regardless of the income your business generates, your age, or the number of employees, a business estate plan can help. One thing business owners need to know is a business estate plan can help ensure your business remains intact if something happens to you. Business owners need to know that business estate planning is something that every business owner should
Long-Term Care Tax Legislation: What You Need to Know
As our population ages, discussions about long-term care (LTC) and who pays for it are essential for many families and state governments. As a result, there has been some recent long-term care tax legislation. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number of activities of daily living
Understanding How Financial Literacy Impacts Financial Confidence
According to Webster’s Dictionary, financial literacy refers to skills and knowledge that allow individuals to make informed and effective decisions by understanding finances. Financial literacy starts with a basic understanding of ‘money matters’ to create a sense of economic well-being, self-trust, and financial confidence. Understanding that financial literacy impacts financial confidence includes: Save- Saving is preparing for the future through
5 Tax Filing Tips That Help Keep The IRS Auditor Away
Right now is a great time to evaluate your current tax situation and implement these tax filing tips to help keep the IRS tax auditor away. The first thing to evaluate is whether the correct amount of taxes are being withheld, your Required Minimum Distributions (RMDs) are on track, deductions are accurate, and if you are correctly listing charitable deductions
A Seasonal Checklist to Help Keep Your Finances On Track
Now that spring is upon us, it’s a great time to reevaluate your financial situation and make changes. While it may seem overwhelming to keep your finances on track and implement multiple financial actions at once, a seasonal approach may help. While some financial tasks are time-sensitive, others can be completed throughout the year. Whether you tackle one task each
2023 Tax Season Planning Tips
As you prepare to file your 2022 taxes, check into some of this tax season’s updated deductions. It’s common to miss out on deductions or opportunities you could take. Or your tax professional missed or wasn’t aware you could deduct. Spend some time today reading these 2023 tax season planning tips. Some common deductions could be incorrect payroll deductions on
10 Ways to Spring Clean Your Finances
While many are organizing their closets and cleaning out drawers and garages, use springtime to Spring clean your finances. Now is a great time to look at your finances so you can work toward financial independence. Here are ten ways to help you clean up your finances by cleaning out what isn’t working in your financial situation. 1. Freshen up
Financial Confidence or Luck? How Actions & Traits Help You Pursue Your Goals
Some people view financial confidence and building wealth as mere luck, but there is more to it than just being lucky. Building wealth doesn’t happen overnight or by chance, and there are no secrets or shortcuts to building wealth. Wealth isn’t bought or instantaneous unless you ‘get lucky’ and win the lottery; however, the odds of winning may not be
Women & Money: Closing The Gender Investing Gap
In the U.S., men are investing and accumulating wealth at a greater pace than women, fueling the gender investing gap. It is important that women accumulate enough retirement savings since women have a life expectancy of 80.2 years compared to men having a life expectancy of 74.5 years, according to WorldData.info. Below are five Issues and five ways to work