Financial Planning Month
Financial Planning Month With 2023 winding down and the holiday season fast approaching, it may be time to pause and check the status of your financial situation. October is observed nationwide as Financial Planning Month and can be just the incentive you need to refresh your financial plan or consider having one put in place. […]
How to Manage Your Finances During & After a Divorce
How to Manage Your Finances During & After a Divorce Although it may be a necessary step for many, divorce brings about significant changes, particularly when it comes to finances. As assets are divided and new living arrangements are established, it’s crucial to have a clear plan in place. In this article, we’ll explore the […]
Family Financial Planning: Tips for All Life Stages
Family Financial Planning: Tips for All Life Stages A family financial plan is more than a ledger of income and expenses; it is a roadmap to prosperity that can resonate across generations. By charting your family’s financial goals, setting priorities, and establishing a framework for financial decisions, a family financial plan creates a solid foundation […]
5 Self-Employment Retirement Options to Consider
5 Self-Employment Retirement Options to Consider In the dynamic landscape of entrepreneurship, it can be easy for business owners to get lost in the whirlwind of building their ventures, often neglecting to secure their financial future. However, creating a robust retirement savings plan isn’t just a luxury; it’s a necessity for entrepreneurs looking to safeguard […]
RMD Discussion
RMD Discussion SECURE Act 2.0 and Required Minimum Distributions On December 29th, 2022, the Setting Every Community Up for Retirement (SECURE) Act 2.0 was signed into law by Congress. Its 92 new provisions were put in place to help strengthen the retirement system and provide increased opportunities for saving for retirement. Among the provisions adopted […]
What to Do After Losing a Spouse
What to Do After Losing a Spouse Losing a spouse is a difficult and emotional time – dealing with financial and estate matters may be the last thing on your mind. However, it is important to take care of these important tasks as soon as you are able, to help ensure that your financial future […]
How Often Should You Update Your Will?
How Often Should You Update Your Will? A will, also known as a last will and testament, is a legal document that outlines your wishes regarding the distribution of your assets and the guardianship of your dependents after your passing. It serves as a crucial tool for ensuring that your final wishes are honored, and […]
Can I Contribute to a 401(k) and an IRA?
Can I Contribute to a 401(k) and an IRA? When it comes to retirement savings, many individuals wonder if they can have both a 401(k) and an Individual Retirement Account (IRA). The good news is that, in most cases, you can have both types of accounts simultaneously. A 401(k) is an employer-sponsored retirement plan, while […]
What is a Backdoor Roth IRA? Everything You Need to Know
What is a Backdoor Roth IRA? Everything You Need to Know Saving for retirement is a crucial aspect of financial planning, but navigating the complexities of retirement accounts can be overwhelming, especially when income limits come into play. Fortunately, there’s a lesser-known strategy that can provide a loophole for high-income earners to contribute to a […]
How to Teach Kids About Money
How to Teach Kids About Money Teaching kids about money is crucial to equip them with the knowledge and skills to manage their finances effectively. It also helps them develop healthy financial habits and make informed decisions about their money in the future. Children who learn about money at an early age are more likely […]
