Are You On Track To Reach Your Financial Goals?

Reach your financial goals

Many people set financial goals at the beginning of each year. A new year feels like a fresh start, and it’s a great time to get honest with yourself about your finances. But have you checked in on those goals lately? October is Financial Planning Month. It’s hard to believe that we’re already more than […]

How To Avoid Online Scams

Cyber Security

As America ages, we are seeing a significant rise in fraudulent financial exploitation or financial abuse against the older generation. Criminals have discovered that the elderly are a particularly productive path to easy ill-gotten gains. Some research sources estimate that these crimes defraud victims of an annual loss of more than $36 billion.

Working in Retirement: Pros, Cons and The Effect on Your Savings and RMDs

Working in Retirement

Working during retirement has become more common.  A study conducted by United Income found that the number of “retirement-age” Americans has doubled since 1985, and that 20% of people aged 65 and older are either working or looking for work. Many older Americans are choosing to work in retirement for a variety of reasons.  People […]

How to Talk to your Adult Children About Financial Planning

Talking to your adult children about financial planning

Broaching the topic of personal finance with your adult children may be difficult and could require a tactful approach. However, these conversations are important to have. Your children may believe they have a handle on their finances, which may be true, but many parents have important information they need to share with their children, such […]

Understanding The Difference Between Tax-Deferred, Taxable and Retirement/Savings Plan Accounts

Understanding The Difference Between Tax-Deferred, Taxable and Retirement/Savings Plan Accounts

When faced with the array of accounts for retirement savings, it is important to understand the differences between (1) tax-deferred accounts, (2) taxable accounts, and (3) retirement and savings plans which offer tax advantages. For your situation, the ideal tax-optimization strategy may be to maximize contributions to tax-deferred, taxable, and retirement savings plans. We explore […]

Understanding Medicare Costs – Key Factors to Consider

Understanding Medicare Costs - Key Factors to Consider

If you’re thinking about retirement, you may have wondered how much Medicare will cost and how far it will go to cover your healthcare costs. Many people underestimate the costs of Medicare and overestimate what would be included in your coverage. Healthcare costs often increase as you age, so it’s important to plan carefully so […]

The Impact of Inflation on The Consumer’s Buying Power

The Impact of Inflation

Inflation is a hot topic these days. The Federal Reserve Bank has said that it anticipates that the current elevated inflation levels will prove to be transitory — or not long-lasting. On the other hand, many in the financial community are afraid that we are headed into a longer period of high inflation. They are […]

The Impact Spending Can have on Your Retirement

The Impact Spending Can have on Your Retirement

Common financial advice about retiring often focuses on how much we should be saving in order to live comfortably once we stop working. You may have heard tips about how to save extra money for retirement, such as sticking to a budget, delaying impulse purchases and logging your spending. Saving is important, but the truth is that your spending […]

Planning for College for a Child or Grandchild

Planning for College for a Child or Grandchild It is no secret that paying for college is expensive, and the costs keep rising every year. Many parents and grandparents want to help as much as they can when it comes to easing the burden of higher education expenses for their children and grandchildren, and doing so can help their loved […]

A Look at Bonds

A bond is issued by governments, municipalities, and corporations to raise money and is essentially a loan from the buyer to the issuer of the bond. An investor who buys a bond is lending the issuer money for a period of time in exchange for interest paid periodically and then a repayment of the principal […]