When is the Best Time to Take Social Security Benefits?
Many people struggle with identifying the optimal age for claiming their social security benefits. Read on to learn what factors come into play that will help you make the best decision!
Estate Tax vs. Inheritance Tax – Are They the Same?
Estate tax and inheritance tax sound like they may be the same thing. An estate is what you leave to your beneficiaries as an inheritance, right? But in reality these two taxes are not the same.
Benefits of Having a Systematic Savings Plan
A systematic savings plan is a process or system of automatically saving a portion of your income on a regular basis. Automatically having money moved to a savings account removes the temptation to divert funds to something less important.
Risk Capacity and Risk Tolerance – Is There a Difference?
Risk is an interesting concept when it comes to investing as it is dependent on the investor. Some investors feel the potential loss of investing does not outweigh the possibility of gain. For other investors, a potential of loss will sway their ability to select particular types of investments.
Common 401(k) Plan Questions and Answers
A 401(k) plan is a defined-contribution retirement account, which allows you to save a portion of your pre-tax salary to the plan. Your contribution is automatically deducted from your paycheck prior to your paycheck being taxed.
6 Money Habits to Teach Your Kids
Teaching kids to be financially savvy is a critical life skill. Money affects quality of life, relationships, marriages, children and what you can do for others. Remember, the more money you have, the more you can give to others and do good in the world!
3 Good Reasons Why You Should Hire a Financial Advisor
There’s a significant number of people out there who are financially savvy. And it’s understandable some of those individuals don’t think it’s worth it to hire a financial advisor. But there are a myriad of reasons why those people (and of course the less financially sophisticated folks) should hire a financial advisor.
Fiduciary Standard vs Suitability Rule – Choosing a Financial Advisor
Although the term fiduciary has been around for a very long time, most have not heard of it until recently. Despite the enhanced visibility of the term, many people still aren’t entirely clear about its definition, let alone how the term impacts their own financial situation or choosing a financial advisor.
Develop A Strategy to Minimize Taxes in Retirement
The goal is to not pay more taxes than you have to. It starts with you understanding how retirement income is taxed. Put together a strategy before retirement that will put you in the best position to minimize your taxes.
Pros and Cons of College Savings Alternatives
What is the best way for you to save for your child’s education? Learn about the different college savings alternatives to understand what is available to you.
Intergenerational Financial Planning
Intergenerational Financial Planning is a strategy that aims to integrate financial planning among generations. It’s where grandparents, parents, and children work together to maximize overall family wealth.
Financial Planner vs. Financial Advisor – What’s the Difference?
When looking at who’s who in the financial industry, it can be confusing. There are numerous job names, but it’s hard to know the differences among them. Read the article to learn more.