Educational Articles


Year-End Gifting Q&A

As we approach year-end, take a look at what you should know about gifting to children and grandchildren.

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Top Ten Planning Considerations

Right now is an ideal time to re-evaluate your financial objectives and make sure you remain on track to achieve your goals. Here are the Top 10 planning considerations for you to take into account each year.

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Creating Your Paycheck In Retirement

Imagine you have saved during your professional career in a 401(k)/403(b)/457(b), IRA, Roth IRA and/ or Taxable/Brokerage Account. Additionally, you have Social Security and/or pension income that can be used to meet expenses in retirement. Which account(s) or income source(s) should you pull from and by how much when cash flow is needed in retirement?

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Behavioral Finance: Tips for Overcoming Irrational Financial Decisions

From the standpoint of traditional economic theory, this makes no sense. Traditional economics assumes we act rationally when making financial decisions and we always act in alignment with our own economic self-interest.

And yet, there is evidence that demonstrates how individual investors often act irrationally when it comes to personal finance.

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How Grandparents Can Help Grandchildren with College

As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades.

Helping to pay for a grandchild’s college education can bring great personal satisfaction and a beneficial way for grandparents to pass on wealth. So what are some ways to accomplish this goal?

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Common Questions About 529s And Saving For College

With the rising cost of college it’s smart to have a savings plan in place. Is a 529 plan right for you? We address the most commonly asked questions to help you make a decision on your educational savings plan.

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Blended Families and Financial Considerations

Getting remarried is an exciting and challenging time for couples, especially when there are children to consider. While you take the time to figure out living arrangements, family dynamics and schedules,don’t forget the financial aspects of a new marriage. A little legwork today can save many heartaches in the future. Some important considerations include the following.

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Long-Term Care Insurance Q&A: What Considerations Should Be Made When Buying Long-Term Care Insurance?

Q: Should I buy long-term care insurance to protect my assets and cover future expenses?
A: Long-term care insurance is often used to provide peace-of-mind, knowing the financial and non-financial caregiving decisions of an extended illness can be made with confidence.

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Required Minimum Distributions (RMDs)

A required minimum distribution, also referred to as an RMD or minimum required distribution, is an annual withdrawal the federal government requires be taken from traditional IRAs and employer-sponsored retirement plans once an investor reaches age 70½ (or in some cases, after retirement).

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2016 Post-Election Tax Implications

What changes will the election have on taxes? President-elect Trump outlined several proposed changes and ideas while on the campaign trail. While nothing is current tax law, with a Republican controlled congress, change is more than likely on the horizon.

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Kids and Money

Talking with kids about money can help them successfully transition to financial independence.

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The Cost of Health Care in Retirement

Understanding health care costs, how your health impacts lifetime health care expenses and how to prepare.

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Traditional 401(k) vs. Roth 401(k): What’s the difference and which one is right for you?

Retirement savings plans can be confusing. If you’re in the working world, chances are that your employer offers a 401(k) with two options: a traditional 401(k) option and a Roth 401(k) option. If you’re not sure which plan is right for you, let me explain …

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Common Questions About 529s & Saving For College

I remember it vividly. Sitting next to my wife as she received her first ultrasound explaining to the OB/GYN that she had felt a little nauseous the past few weeks. The doctor went on to explain that there were two reasons for this … TWO? As he zoomed in on two heartbeats, my wife began to glow and I became faint. I feel a bit guilty admitting this, but the first thought that came to mind was that we will be paying two college tuitions at once.

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Long-Term Care Policies Offer Security...For a Price

Medicare and standard health insurance can protect individuals from home-care, nursing-home or other care-related costs while recovering from surgery, an injury, an illness or another health issue. However, they don’t cover the long-term costs of such events.

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5 Compelling Reasons to Use a Corporate Fiduciary

Many important decisions regarding the transfer of your wealth are made when working with an estate planning attorney. However, one of the most critical decisions is often made with little or no regard for the consequences: this is the choice of a successor trustee for your trusts. For an estate planning attorney, a common response to the question of successor trustee is, "Oh, the kids can handle it. We don't want to pay any extra money to have someone else serve." This is not only short-sighted, but it can also create significant problems after your death.

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Life's Uncertain - Consider Disability Insurance

You never know when an injury or illness might affect your income-earning ability. To protect your family financially and give yourself peace of mind, assess your disability insurance coverage and determine whether you need to purchase an individual policy.

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School Funding Daze

When planning for a loved one’s education, it might make sense to combine college saving with estate planning. In this article, we examine three tax-advantaged saving options that, in addition to helping you save for educational expense, could also further your estate planning goals.

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Providing Loans to Family Members

When lending money to family members, ask yourself, “Is this transaction truly a loan?” If the IRS concludes that the transaction isn’t a bona fide loan, it will re-characterize it as a taxable gift. By formalizing the transaction and treating it as a loan, you can avoid negative tax consequences and have the necessary documentation to support a bad-debt deduction in the event the borrower defaults.

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