Financial Planning

Jul 24, 2024

A trust fund is an estate planning tool that is a legal entity that holds property or assets for a person or organization.

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Jul 22, 2024

A Roth IRA can become a valuable savings tool in the pursuit of future goals.

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Jul 05, 2024

We've heard of "pension maximization." What is it?

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Jul 02, 2024

Anyone with earned income can open and contribute to a traditional IRA.

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Jun 28, 2024

The short answer is yes — most retirement plans allow you to roll your plan funds over into an IRA after you've left your employer's service.

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Jun 25, 2024

Yes. Unless you absolutely cannot afford to set aside any dollars whatsoever, you should contribute to your employer's 401(k) plan.

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Jun 25, 2024

Did you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA?

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Jun 24, 2024

Digital assets now are a major cause of problems settling and distributing estates. You need to carefully consider and incorporate your digital life in the estate plan.

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Jun 17, 2024

Optimizing your HSA can be a smart addition to your well-thought-out retirement plan.

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Jun 04, 2024

The SECURE Act of 2019 dramatically changed the rules governing the inheritance of IRA and retirement plan assets.

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May 28, 2024

The IRS has announced relief and guidance for certain RMDs from inherited retirement accounts for 2024.

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May 23, 2024

Compare your Medicare options and help reduce out-of-pocket costs.

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Jan 11, 2024

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Jul 26, 2024

Mutual funds are pooled investments managed by professional money managers.

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Jun 13, 2024

The world of investing has changed significantly over the last few decades and continues to change rapidly. One of the biggest ways that the investment landscape has evolved is through fractional ownership.

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Jun 11, 2024

Cryptocurrency — often simply called crypto — has become so entrenched that the Internal Revenue Service asks a question about cryptocurrency on Form 1040, and Super Bowl ads have featured pitches for crypto platforms.

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Jun 05, 2024

When investing, particularly for long-term goals, there are two concepts you will likely hear about over and over again — diversification and asset allocation.

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Jul 16, 2024

Named after Section 529 of the Internal Revenue Code (IRC), these plans were originally designed to cover postsecondary education costs.

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Jul 15, 2024

The type of plan you choose will depend primarily on the type of college you think the beneficiary might attend.

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Jul 15, 2024

Section 529 of the Internal Revenue Code provides that any individual, regardless of age, can be a designated beneficiary of a 529 plan. However, states can impose more restrictive requirements.

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May 29, 2024

On May 29, many states and financial institutions hold promotional events to raise awareness of some of the best 529 plans for college savings.

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Jan 05, 2024

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Jul 12, 2024

The maximum Social Security retirement benefit depends on the age at which retirees begin collecting and their earnings history, among other factors.

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Jul 12, 2024

While waiting until 70 offers the highest monthly payment, it isn’t an all-or-nothing proposition.

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Jun 21, 2024

Social Security is complex, and the details are often misunderstood even by those who are already receiving benefits. It's important to understand some of the basic rules and options and how they might affect your financial future.

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Jun 20, 2024

Social Security benefits are a major source of retirement income for most people.

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Jun 18, 2024

The Social Security system is based on a simple premise: Throughout your career, you pay a portion of your earnings into a trust fund by paying Social Security or self-employment taxes.

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Jan 05, 2024

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Jul 08, 2024

Here's what everyone should know about collecting life insurance when someone dies.

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Jul 05, 2024

Your chances of requiring some sort of long-term care increase as you age, and long-term care insurance (LTCI) can help you cover your long-term care expenses.

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Jul 02, 2024

Here is some information to help you when it's time to make decisions about Medicare.

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Jun 28, 2024

The longer you live, the greater the chances you'll need some form of long-term care.

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Jun 18, 2024

Are health insurance premiums taking too big of a bite out of your budget? If so, you may be interested in an alternative to traditional health insurance.

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Jun 17, 2024

The health-care reform legislation enacted in 2010 included new Medicare-related taxes that first took effect in 2013. These new taxes target high-income individuals and families. Here are the basics.

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Jun 14, 2024

Included in the Affordable Care Act (ACA) is the creation of a Health Insurance Exchange or Marketplace through which individuals and families can compare health insurance policies and purchase coverage. The ACA also provides premium tax credits and cost-sharing subsidies to help reduce the cost of premiums and out-of-pocket expenses for health coverage.

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Jun 13, 2024

One of the main reasons we buy life insurance is so that when we die, our loved ones will have enough money to pay off our remaining debts and final expenses. We also purchase life insurance to provide for our loved ones' future living expenses, at least for a while.

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Jan 05, 2024

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Jul 12, 2024

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning.

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Jun 25, 2024

Your insurance needs will obviously depend in part on the type of business you operate. However, all business owners should consider at least three types of insurance.

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Jun 10, 2024

A simplified employee pension (SEP) is a written plan that allows small-business owners to make retirement contributions to traditional IRAs (SEP-IRAs) set up for themselves and for each eligible employee.

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Jun 07, 2024

Over the past few decades, legislators have introduced a number of simplified alternatives to the traditional 401(k) to help encourage more business owners to adopt these potentially valuable retirement benefit programs.

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Jun 06, 2024

If you're self-employed or own a small business, you've probably considered establishing a retirement plan. Here is some information to better understand Individual 401(k) Plans.

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Jun 05, 2024

A 403(b) plan is an employer-sponsored retirement plan for certain employees of public schools, tax-exempt [501(c)(3)] organizations, and churches.

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Jun 03, 2024

When developing a succession plan for your business, you must make many decisions.The key is to pick the best plan for your circumstances and objectives, and to seek help from financial and legal advisors to carry out this plan.

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May 31, 2024

Keeping good business records will not only help you stay in business but may also help you increase profits.

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