Family

About 13 percent of all motorists, or one-in-eight drivers, do not have automobile insurance.[I] Having the misfortune of getting into an accident with an uninsured motorist may have serious financial consequences depending upon the state in which you reside and whether it is a “no-fault” or “tort” state. In no-fault states, the law does not […]

Getting a Head Start on College Savings The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little one’s college education to cost as much as […]

Pursuing your retirement dreams requires a bit of preparation. As you develop your vision for the future, make sure you avoid these retirement mistakes: Having No Strategy The biggest mistake is having no strategy at all. Yet, only 18% of Americans have a written retirement plan in place.[i] Without this framework, pursuing your retirement goals […]

The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can expect your little one’s college education to cost as much as $198,000.[i],[ii] But before you throw your hands […]

According to Giving USA 2018, Americans gave an estimated $410.02 billion to charity in 2017. That’s the first time that the amount has totaled more that $400 billion in the history of the report.[I] Americans give to charity for two main reasons: to support a cause or organization they care about or to leave a […]

  If you receive a letter from the IRS, don’t panic. Millions of letters are sent to taxpayers every year for a myriad of reasons. If you receive a letter from the IRS, here’s some advice:Don’t panic. Read the letter carefully. There will usually be an action that is requested of you and a corresponding […]

Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s financial future. Let’s review some of the forms this takes.                     Your workplace retirement plan. The worst non-decision is the failure to enroll. Not only do non-participants sacrifice […]

In a recent study, 35% of married couples described money issues as their primary source of stress. While there are many potential causes of such financial stress, in some cases the root may begin with habits formed early in the marriage.[I] Fortunately, couples may be able to head off many of the problems money can […]

Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their current, individual insurance coverage to determine if any changes are in order as well as consider new insurance coverage appropriate to their new life stage. Auto. The good news is that married drivers may be eligible for lower rates […]

  Three Key Questions to Answer Before Taking Social Security Social Security may be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source. When to Start? Should I Continue to […]

Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget. Here’s how it works: When policyholders buy term insurance, they buy coverage for a specific period and pay a specific price for that coverage. If the policyholder dies during that time, their beneficiaries receive the benefit […]

For many Americans, the assets in their Individual Retirement Account represent a significant portion of the wealth they hope to leave to their loved ones. You may have heard that creating a trust and naming it as the beneficiary of your IRA is a good way to direct how your assets are distributed after your […]

You may be able to take the credit if you are 65 years of age or older or if you retired on total and permanent disability and have taxable disability income. There are certain limits that your income cannot exceed. Claiming the Senior Tax Credit if You’re 65 Years or Older Based on your filing […]

For individuals who rent out their residential property for income, there are different tax rules that apply based on whether they used the property as a residence at any time over the course of the year. Residential rental property may include a single house, condominium, apartment, mobile home, vacation home, or similar property. These properties […]

It’s hard to be anything else when you are in an attitude of gratitude. A grateful mindset is an instant way to get positive and feel better. But just how do you do that? Here are some great tips to start now:   Make a commitment to gratitude. This is a daily practice; one you […]