Broker Check

Blog

Monday, February 26, 2024

A call to action for Generation X to improve their retirement readiness For many members of Generation X, those born between 1965 and 1980, a comfortable retirement may feel like an increasingly distant dream. Despite being in their...

Friday, December 22, 2023

Three science-backed avenues to retirement enrichment and fulfillment Retirement is often idealized as a serene period of well-deserved rest and leisure. Yet, while the respite from a career's demands is welcome, retirees soon find...

Thursday, December 21, 2023

New IRS limits aim to encourage adequate planning and boost participation. The prospect of retirement is a time that many look forward to, envisioning a period of relaxation and enjoyment after years of hard work. However, a recent...

Wednesday, December 13, 2023

While protecting your financial data has always been important, it grows even more critical as you start planning for retirement. From preserving your retirement savings to maintaining financial independence to avoiding stress, you...

Wednesday, November 29, 2023

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. The benefits of DAFs extend beyond their primary...

Show All

Wednesday, November 15, 2023

A good financial professional is necessary when it comes time to manage your portfolio and work toward your financial goals. Financial professionals may differ in their approach to certain financial products and goals. However, it is...

Wednesday, October 25, 2023

Signs are encouraging and the possibility seems more tangible than ever In the intricate world of economics, maneuvering the vast U.S. economy without causing disruptions is likened to steering a colossal ship through a tempestuous...

Wednesday, October 11, 2023

Tips to help your wealth have a legacy that lasts beyond a lifetime The allure of sudden wealth is enchanting. It's the narrative that has inspired countless rags-to-riches tales, propelling ordinary individuals into the financial...

Wednesday, September 20, 2023

For the first time ever, the United States has witnessed a concerning milestone in its financial landscape: our total credit card debt crossed the monumental threshold of $1 trillion dollars. During the second quarter, credit card...

Wednesday, September 13, 2023

You may sometimes hear the terms "estate planning" and "asset protection" used interchangeably. They actually have different meanings, and it's important to incorporate both strategies into future financial plans. Below, we discuss key...

Friday, September 8, 2023

September 8, 2023   Dear Clients and Colleagues,   Time flies when you are having fun.  September 8th marks the 3rd Anniversary of River’s Edge Wealth Partners.  Although we have been serving our clients and...

Wednesday, September 6, 2023

Planning for your financial future and retirement looks much different now than in previous years. Some people must supplement their Social Security to have enough to maintain their desired lifestyle. This means financial planning is...

Tuesday, August 29, 2023

Business Owners, Are You Doing Your Homework?  As a business owner, prudent financial management can help ensure your business remains healthy and stable. But what does good business financial management look like in practice?...

Tuesday, August 22, 2023

6 Ideas to Help You Get Your Finances in Order Do you consider yourself a high-net-worth individual (HNWI)? Most people tend not to categorize themselves or see themselves as anything more than a spouse, parent, sibling, neighbor, boss...

Tuesday, August 15, 2023

Navigating health insurance, retirement accounts and real estate Divorce, while an emotionally taxing experience, also comes with several financial implications that, if not properly managed, could result in long-lasting financial...

Tuesday, August 8, 2023

Home might be where a significant portion of your retirement assets reside In the pursuit of a prosperous retirement, investors often focus on building portfolios composed of stocks, bonds, and mutual funds. Yet, there's a significant...

Tuesday, August 1, 2023

Each year, the U.S. Department of Education distributes more than $150 billion in grants, loans, and work-study awards to millions of college students. With these financial aid programs, tuition, room and board, books, and other...

Tuesday, July 25, 2023

At first glance, multigenerational living arrangements may seem unusual, but they were once the rule, not the exception. In mid- to late-nineteenth-century America, the majority of elderly parents and grandparents lived with their...

Tuesday, July 18, 2023

Failing to raise the ceiling by June 1st could lead to short-term challengesThe debt ceiling, a crucial aspect of fiscal policy, has long been a subject of debate and concern within the United States. As the nation grapples with the...

Tuesday, July 11, 2023

With proactive planning and smart strategies, its impact can be mitigatedAs a retiree, one of the significant financial challenges you may encounter is inflation. The rising costs of goods and services can erode the purchasing power of...

Tuesday, July 4, 2023

Practical tips to embark on peaceful and confident adventures in retirementRetirees often have the time, freedom, and desire to explore new destinations and make the most of their golden years. With careful planning and attention to...

Thursday, June 29, 2023

As expected, the Federal Reserve (Fed) paused its rate-hiking cycle at its latest meeting earlier this month after 15 consecutive months of tightening. The Federal Open Market Committee (FOMC) unanimously voted to keep interest rates

Tuesday, June 27, 2023

What does the term "financial freedom" mean to you? For some, it means freedom from a particular workplace or industry. For others, it means the opportunity for an early retirement or the ability to start a long-desired business....

Tuesday, June 20, 2023

Members of the LGBTQ+ community face a broad range of financial challenges that heterosexual people do not need to deal with—and often are not even aware of. The media often portrays the "typical" gay couple as a high-earning...

Tuesday, June 6, 2023

Financial responsibility isn’t always easy to learn, but it’s an essential part of taking control of your finances and using your income to its fullest. This responsibility can lead to better spending tendencies that can,...

Wednesday, May 31, 2023

Retirement is a time that many of us look forward to our entire careers. It is the reward for a lifetime of work and the time to indulge in hobbies and enjoy much-needed vacations. While everyone looks forward to this seemingly-magical...

Tuesday, May 23, 2023

529 plans can be powerful college savings tools, but you need to understand how your plan works before you can take full advantage of it. Among other things, this means becoming familiar with the finer points of contributions and...

Tuesday, May 16, 2023

Managing expenses, saving, and investing wisely may bring financial confidence.A new study of the 76 largest cities in the United States has revealed that a $100,000-a-year salary, long considered a benchmark of financial success, may...

Tuesday, May 9, 2023

A will is an important document most people don’t want to think about, but it’s crucial to have in place to protect your assets and ensure your loved ones receive what you want them to.It can be wise to have a lawyer write...

Tuesday, May 2, 2023

The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2022. If you had earned income last year, you may be able to contribute up to $6,000 for 2022 ($7,000 for those age 50 or older by December...

Tuesday, April 25, 2023

The scale of the bank failures that have hit the U.S. financial system are, when looking at the total associated assets, on an alarmingly similar scale to those recorded in 2008 - albeit being caused by just two banks: Silicon Valley...

Wednesday, April 19, 2023

How should financial planners respond to client worries about Social Security’s future? Most Social Security experts assume that Congress will address the program’s financial problems sooner or later. But lately, later looks...

Tuesday, April 18, 2023

The income tax benefits offered by 529 plans make these plans attractive to parents (and others) who are saving for college or K-12 tuition. Qualified withdrawals from a 529 plan are tax free at the federal level, and some states also...

Tuesday, April 11, 2023

Once you are in your 60s, you are likely to focus less on growing your retirement funds than answering, "When do I retire?" And once you crack open your nest egg, how should you allocate its contents? The answer often lies in a...

Tuesday, April 4, 2023

OrganizationIndividuals who exercise regularly and focus on better health, developing their bodies, stamina, and mental clarity understand what it encompasses. There are steps that people take when they engage in physical fitness and...

Tuesday, March 28, 2023

A trust is a legal entity that you can set up and use to hold property for the benefit of one or more individuals (the trust beneficiaries). Every trust has one or more trustees charged with the responsibility of (1)...

Tuesday, March 21, 2023

So you are thinking about making a series of gifts protected from gift tax by the annual exclusion, or a large gift sheltered from gift tax by the applicable exclusion amount, but have concerns about losing access to the gifted...

Tuesday, March 14, 2023

Navigating Money Stress with a Financial ProfessionalMoney worries may be one of the biggest sources of stress—from wondering how to pay for an unexpected expense to making retirement calculations when considering leaving a job....

Tuesday, March 7, 2023

In the U.S., men are investing and accumulating wealth at a greater pace than women, fueling the gender investing gap. Closing the investing gap is essential so that women accumulate enough retirement assets for their entire lives. On...

Wednesday, March 1, 2023

In general terms, the bond market will rally when increases in the Consumer Price Index (CPI) (inflation) are small and the bond market will fall when increases in the CPI are large. The equity markets generally follow the same trend...

Thursday, February 16, 2023

Without credit, it may be difficult, even seemingly impossible, to participate in modern society. But some credit comes with high-interest rates, tricky terms, and other potential risks that could send you into excessive debt. What...

Thursday, February 9, 2023

You may have lost your job already, or it's something you're concerned about. Either way, the keys to surviving a job loss financially are to plan ahead, take stock of your income, and cut your expenses. Plan ahead if you haven't been...

Friday, February 3, 2023

How do you implement your spending plan? Once you have identified your budget goals and created a spending plan to meet them, you are ready to put your plan into action. Before you begin, though, here are some tips to avoid common...

Friday, January 27, 2023

In October of 2022, the Social Security Administration announced that Social Security and Supplemental Security Income (SSI) benefits for more than 70 million Americans will increase 8.7%.The adjustment will increase monthly Social...

Thursday, January 19, 2023

What are the tax consequences of business formation, in general? When starting a business, you must consider a number of factors. One very important factor is taxation. Although business tax planning is a complicated area, the first...

Thursday, January 12, 2023

Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning? What steps can you take now to help you be prepared...

Thursday, January 5, 2023

What is business tax planning?When starting a business, you must consider a number of tax-related issues. Although business tax planning is a complicated area, it is essential to understand three major topics: tax consequences when the...

Thursday, December 29, 2022

Please enjoy these Holiday Snippets as the River's Edge Wealth team shares some holiday and festive cheer from our office to your home!

Thursday, December 29, 2022

In late September 2022, the U.S. dollar hit a 20-year high in an index that measures its value against six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. At...

Thursday, December 22, 2022

Setting goals for a new year can feel overwhelming.  We all know that resolutions don’t last, but we also feel the energy that comes with a new year of possibilities. Here’s a clearer path for setting and reaching your...

Thursday, December 15, 2022

Spring cleaning doesn’t have to be a dreaded time of year. If you’ve added decluttering to your list of spring cleaning tasks, this seven-day challenge will get your home tidy and organized in no time—and with little...

Thursday, December 8, 2022

On October 18, 2022, the Internal Revenue Service (IRS) announced tax year 2023 adjustments for tax returns filed in 2024.From the IRS directly:“The tax items for tax year 2023 of greatest interest to most taxpayers include the...

Thursday, December 1, 2022

Long-term care insurance (LTCI) isn't for everyone. Not only is it expensive and sometimes hard to qualify for, but there's no guarantee you'll ever use the benefits. But if you decide not to buy LTCI, what are your alternatives? You...

Monday, November 28, 2022

State-mandated retirement plans result from legislation requiring employers to provide their employees with retirement savings opportunities. Businesses can comply with these laws by enrolling their employees into a state-sponsored...

Thursday, November 10, 2022

During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, or other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings...

Thursday, November 3, 2022

Anyone can be a victim of homeowner identity fraud, including wire, mortgage, and title insurance fraud. The financial implications can be damaging and long-lasting.Use these tips to protect yourself from being scammed and defrauded...

Thursday, October 27, 2022

If you hope to retire soon and are concerned about what the future may hold for your investments, you are not alone. Inflation has many retirees and soon-to-be retirees worried about outliving their savings and investments.1 What...

Friday, October 21, 2022

A trust is a legal vehicle that protects your assets that contains instructions for your assets when you die or become incapacitated. When you set up a trust, you transfer assets from your name into your trust's name while you still...

Friday, October 14, 2022

You may be familiar with the rules for putting money into a 401(k) plan. But are you familiar with the rules for taking your money out? Federal law limits the withdrawal options that a 401(k) plan can offer. But a 401(k) plan may offer...

Friday, October 7, 2022

Your open heart and your relatives can combine to threaten your retirement savings – savings you soon may need. Learn the true cost to your future before you write that well-intentioned check. If you’re close to joining the...

Friday, September 30, 2022

As women continue to work and earn money, become the main breadwinners, and run their own businesses, it's important to take measures to protect your lives, businesses, and simply the things you own. That's why asset protection...

Thursday, September 22, 2022

If you direct your own 401(k) plan investments, you'll need to consider the investment objectives, the risk and return characteristics, and the performance over time of each investment option offered by your plan in order to make sound...

Thursday, September 15, 2022

Health insurance is one of the most important benefits a company can offer to its employees. A good health insurance plan that balances quality and cost can help you attract and retain qualified employees. However, many small employers...

Monday, September 12, 2022

The month of August is when many parents are preparing to send children back to school this fall. While the checklists grow and the kids soak in the last few minutes of summer break, it’s important to remember college planning...

Friday, September 9, 2022

🎉 Another year, another great reason to celebrate! We’re celebrating our 2nd anniversary and couldn’t be more grateful for your support. Here’s to many more years! 🎉 Please follow us @RiversEdgeWP on Facebook, LinkedIn and Twitter.

Wednesday, September 7, 2022

On my 100th day with @RiversEdgeWealthPartners, I reflect on life post pandemic and feel very fortunate to have the opportunity to bring Wall Street to Main Street in my role as River’s Edge Chief Operating Officer...

Thursday, September 1, 2022

Your retirement is the reward after years of hard work and saving. You might dream of traveling, want to invest in a vacation home, or want to take up a new hobby. For an enjoyable retirement, saving is critical. Take charge of your...

Friday, August 26, 2022

How can cash value life insurance be used to fund your child's college education?The purpose of life insurance is to provide a sum of money (the death benefit) at the death of the insured. When you use life insurance as part of your...

Friday, August 19, 2022

In the language of life insurance, a beneficiary is the recipient of the policy’s proceeds when the named insured dies. The owner of a life insurance policy has a great deal of flexibility in naming beneficiaries and,...

Friday, August 12, 2022

Look at any of the most successful people in the world and you’ll find that the one common denominator is how much they stick to their morning routines. Many consider this to be the foundation for a successful and productive day,...

Friday, August 5, 2022

Few life changes are of more consequence than a divorce. In addition to the financial and emotional difficulties, you'll face special concerns about your insurance coverage. Planning for these changes should begin long before the...

Friday, July 29, 2022

The concerns of lack of preparation for retirement are even more significant for women. Several factors are driving gender inequality in retirement. Consulting with a financial professional who understands these issues may help women...

Friday, July 22, 2022

With the wide variety of stocks in the market, figuring out which ones you want to invest in can be a challenging task. Many investors feel it's useful to have a system for finding stocks that might be worth buying, deciding what price...

Friday, July 15, 2022

For retirees and seniors on a fixed income, the true costs of inflation and market volatility can be much higher—potentially jeopardizing a comfortable retirement. Though Social Security's annual inflation adjustment is likely to be...

Friday, July 8, 2022

Teaching your children the fundamentals of money management early on may help them build a financially independent future. Check out these suggestions for introducing your little one to the world of finance.

Friday, July 1, 2022

Economies and markets are cyclical. "Boom and bust" cycles may last anywhere from a few months to a few years or longer. Follow these tips to try avoiding the stress of the boom-bust cycle while remaining confident in your goals.

Friday, June 24, 2022

When the mercury rises, it can be tempting to retreat into the air-conditioned indoors. However, running your A/C at full blast day after day can wreak havoc on your summer energy bills. Below are five more budget-friendly ways you and...

Friday, June 17, 2022

While it may seem that fishing and investing are completely unrelated, believe it or not, there are some characteristics that make a person good at fishing that can also transfer to investing. Here are six fishing lessons you can apply...

Friday, June 10, 2022

While those in the LGBTQ+ community have previously struggled to pursue higher education, there are now many financial aid opportunities to consider. With college expenses continually rising year after year, having financial aid to...

Friday, June 3, 2022

The fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and potatoes to housing and gasoline. But behind the headline number that’s been widely...

Friday, May 27, 2022

HSAs can be particularly beneficial to those who are young and healthy A Health Savings Account (HSA) can be a good alternative to traditional health care, especially for those who are young and healthy. With an HSA, you put money away...

Friday, May 20, 2022

If you're avoiding looking at your 401(k) balance during periods of market volatility, you're not alone. While the S&P 500 has historically produced an average annual return of 11%, recent market downturns may be impacting your...

Friday, May 13, 2022

Housing prices have increased every single month for the past 12-years The housing market has been frustrating for buyers and a boon for sellers, but there are signs that those frustrations might be easing – depending on where...

Friday, May 6, 2022

On April 6, the U.S. Department of Education announced a record sixth extension for federal student loan repayment, interest, and collections, through August 31, 2022.1 The fifth payment pause was set to end on April 30, 2022. The six...

Friday, April 29, 2022

The early days of COVID brought a new sense of urgency to shopping for certain items. Toilet paper, pasta and bread flew off the shelves as people stocked up on vital supplies. Then came the must-have purchases to help with the tedium...

Friday, April 22, 2022

Market timing is a “strategy” of deciding when to buy and sell stocks by attempting to predict which way and when stocks will move. Let’s look at an example and the data to determine why market timing is unwise....

Friday, April 15, 2022

The great enforced global experiment in working from home is coming to an end, as vaccines, the Omicron variant and new therapeutic drugs bring the COVID-19 crisis under control. But a voluntary experiment has begun, as organizations...

Friday, April 8, 2022

Five Common Financial Questions: What is the Most Suitable Answer? At every stage of life, you may have financial questions that you don’t know the answers to. But not every question has a definite right or wrong answer because...

Friday, April 1, 2022

Legendary investor Warren Buffett is famous for his long-term perspective. He has said that he likes to make investments he would be comfortable holding even if the market shut down for 10 years. Investing with an eye toward the long...

Friday, March 25, 2022

With spring’s arrival, you may be eager to jump into your list of spring-cleaning tasks for your home and yard. However, there is another area of your life that may need some tidying up—your finances. Even if you keep up...

Monday, March 21, 2022

Who is Doing Your Taxes? Are They Qualified? Make sure they can certify your tax returns and have the right credentials Tax season looms, but who will prepare your return? If you don’t do your own, then make sure your preparer...

Friday, March 18, 2022

Ten financial tips for single women in order to live life on their terms Women’s History Month has its origins as a national celebration in 1981 when Congress passed and authorized a resolution and requested the President to...

Friday, March 11, 2022

As we approach tax day 2022, you may be expecting to receive a tax refund. While you may have a temptation to spend your tax return, other options may be more beneficial to your financial situation. Your tax refund is for overpayment...

Thursday, March 3, 2022

Considering the high levels of uncertainty, what should investors do? Buy on Fear, Sell on Greed? Legendary investor Warren Buffet is a big proponent of this strategy. When others are greedy—typically when prices are boiling...

Friday, February 25, 2022

For business owners, estate planning may seem like another task to do on a long to-do list. Having a solid estate and succession plan in place may be crucial to your business's long-term success. If you are incapable of making business...

Friday, February 18, 2022

Many people care for a loved one out of necessity as their family members can no longer care for themselves. More than one in ten people in the United States also care for an adult, spending about three hours each day on caregiving...

Friday, February 11, 2022

Whether you dream of a travel-filled retirement or would prefer to relax and enjoy spending more time at home, you are probably wondering what you might consider to make your golden years as stress-free as possible. For those who spent...

Friday, February 4, 2022

"Two can live as cheaply as one" is a common saying with some truth behind it—a single parent can pay just as much in housing and tuition costs as someone who is partnered with children.1 This means that single parents need...

Friday, January 28, 2022

But take a look at your investment policy statement before you do anything How this January 2022 market turbulence affects you depends upon how old you are. For people in or near retirement, it is scary – yet there are ways to...

Friday, January 21, 2022

For some investors, it might be tempting to tap into your 401(k) to help pay down debts, purchase a home or take a once-in-a-lifetime vacation. However, doing so may seriously cost you, both now and in the future. Here are some...

Friday, January 14, 2022

Although it's not hard to find doom-and-gloom articles that bemoan many Americans' lack of preparation for retirement, these don't tell the whole story. One in three adults save for retirement outside their 401(k) in a traditional or...

Friday, January 7, 2022

During Dec. 2021, many of those with federal student loans were preparing to resume payments in Jan. 2022 after a nearly two-year hiatus. On Dec. 22, President Biden provided a much-anticipated reprieve, extending the pause on student...

Friday, December 31, 2021

If you have trouble keeping your New Year’s resolutions, you may benefit from taking a more scientific approach. In the late 1970s, researchers studying the experiences of smokers to learn why some were able to quit on their own...

Friday, December 24, 2021

Sometimes we get so caught up taking care of our work, family, and friends that we forget to take care of ourselves. By taking daily mental breaks, you will perform better mentally and physically in your daily responsibilities by...

Friday, December 17, 2021

With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with...

Friday, December 10, 2021

Simple steps to help you bounce back from challenging situations Building and sustaining a business is not a task for the faint of heart. As anyone who has launched a business from the ground up knows, transforming an idea into a...

Friday, December 3, 2021

By the last few months of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax...

Friday, November 26, 2021

A record number of tourists and business travelers visited a country other than their own in 2017, and this year is already on pace to exceed that tally. One thing you definitely need when traveling abroad besides a passport is local...

Friday, November 19, 2021

Small business owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise....

Friday, November 12, 2021

Learn from the great givers and let your financial professional be your sounding board Giving away some of your money is a great way to support the people and organizations you love. But there are smart ways to do it, minimizing your...

Friday, November 5, 2021

Reviewing your benefit choices will maximize your employment benefits Open enrollment for employee benefits kicks off this month. While you plan your Thanksgiving menu, review your benefit choices. Even if little changed in your life...

Friday, October 29, 2021

In 2013, a Gallup poll found that only about one in every three U.S. households maintained a budget.1 A 2021 survey of 1,000 Americans found that 80% now say they have a budget.2 Americans are budgeting more due to the pandemic....

Friday, October 22, 2021

As a group, physicians are among the highest-earning professionals out there—and this specialized and life-saving career comes with some specific financial needs. Because of this, physicians should seek out a financial...

Friday, October 15, 2021

When it comes to planning for retirement, it's easy to get overwhelmed. Putting together a financial strategy can be complicated at any time of life, what with changing regulations, ups and downs in the market, and disagreements...

Friday, October 8, 2021

Retirement savings are supposed to last through your lifetime. That’s the plan, of course. But with the average life expectancy of women roughly five more years than it is for men — 81.1 years vs. 76.1 years⁠1 — the...

Tuesday, October 5, 2021

Five tips to finding a financial professional that fits you and your family The financial professional you pick to manage your assets and advise you on key financial decisions may affect your retirement and other major financial goals...

Friday, September 24, 2021

How much student loan debt is too much? Kate Padgett-Walsh, associate professor of philosophy at Iowa State University Student debt is too much when it threatens the physical and mental health of young borrowers. Today’s college...

Wednesday, September 22, 2021

529 plans can be a great way to save for college, but they're not the only way. When you're investing for a major goal like education, it makes sense to be familiar with all of your options. Mutual funds Mutual funds are an option to...

Tuesday, September 14, 2021

Imagine your reaction to the following scene: You return home from work one night to find your teenage daughter running gleefully about with a letter in her hand. When you calm her down, she tells you that she has just been accepted to...

Tuesday, September 7, 2021

Originally published by WealthManagement.com: Diverse Communities Are Getting Wealthier, Bringing Unique Planning Priorities. Research shows different priorities and values among diverse demographic groups when it comes to wealth...

Wednesday, September 1, 2021

Many college students are looking forward to getting back to campus to continue their higher education and resume their normal life post-pandemic. Whether you're a first-year student or well-versed in college life, understanding...

Tuesday, August 24, 2021

Fear-of-missing-out is a very real emotion – but it can derail your portfolio Every day we’re bombarded with reports of what’s hot and what’s not – fueling a fear-of-missing-out (FOMO) on some great...

Tuesday, August 17, 2021

Most people who decide to purchase stocks, bonds, mutual funds, or other investment vehicles do so understanding that there are risks associated with investing, but believing that the potential growth they may realize over time...

Monday, August 9, 2021

Some retirees put all their money into bonds, only to suffer from the impact of years of inflation. If you get a 4% return and inflation is 3% annually, your real return is only about 1% — not counting any fees or taxes....

Thursday, August 5, 2021

Since July is Medicare’s birthday month, there is no better time to discuss what Medicare is and how it may benefit you. At its core, Medicare is a federal health insurance program for Americans who are ages 65 and older and...

Tuesday, July 27, 2021

To accumulate wealth, people may choose to invest their money into various types of investments. Investing creates opportunities that otherwise would be difficult to manage due to the consistency of contributing to the investment....

Tuesday, July 20, 2021

LPL Research Midyear Outlook 2021: Picking Up Speed is designed to help you navigate the risks and opportunities over the rest of 2021 and beyond. While the speed can be exhilarating as economic growth accelerates, it can also be...

Tuesday, July 13, 2021

These simple steps might save you a great deal of money and heartache We all make mistakes, and through them, we learn. But when it comes to finances, trial-and-error may not be the most suitable approach for you. Maybe you’re...

Tuesday, July 6, 2021

Markets, economists and policymakers have been fretting about inflation for months, worried that the trillions of dollars being spent in recent and future government stimulus programs could overheat the economy and send prices soaring...

Wednesday, June 30, 2021

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. When you hit a certain age of your life, you...

Sunday, June 20, 2021

If 2020 made you fantasize about a trip as soon as travel restrictions were lifted—and you’re still waiting—you aren’t alone. Although 2021 was poised to be a comeback year, it is shaping up to be another...

Tuesday, June 15, 2021

Whether you are single, married, or in a domestic partnership, you likely face unique circumstances when it comes to your financial health. In fact, nearly two-thirds of the LGBT community say they’ve experienced financial...

Friday, June 4, 2021

It is human nature to seek advice when things aren't going well or when an unforeseen event occurs. Often, people seek financial advice from a professional only when the stock market and their investments are experiencing turbulent...

Sunday, May 30, 2021

The coronavirus pandemic has motivated financial professionals to take full advantage of technology. Many of them are pairing various tech solutions with their unique human touch to help clients work towards their financial well-being....

Thursday, May 27, 2021

There is perhaps nothing more appealing for a homeowner than refinancing one’s mortgage to a lower rate. The possibility of lowering monthly payments, month-after-month, year-after-month, holds immediate and long-term appeal....

Monday, May 17, 2021

Teaching children about financial wellness should start at an early age. Learning how making money, saving, and spending is related and the first step in teaching your child how to understand the value of money. Children learn from...

Monday, May 10, 2021

Unbeknownst to many investors, companies have the option of offering their employees a new different type of tax-advantaged retirement plan: the Roth 401(k). Not all sponsors of traditional 401(k)s have adopted the Roth feature, but it...

Monday, May 3, 2021

Did you make a New Year’s resolution at the start of the year? For 2021, many Americans are making the resolution to adopt healthy habits – concerning their bodies, minds and finances. As the following Statista Survey shows...

Monday, April 26, 2021

We’ve all been there: scratching our heads wondering what to do with all the retirement savings accounts. Too many choices can be overwhelming, until you step back and realize that there are actually only three questions. Once...

Monday, April 19, 2021

Financial feats that were once unheard of—from investing in cryptocurrency to instantly paying someone through an online payment system—have now become commonplace in many parts of the country. But these sophisticated tasks...

Sunday, April 11, 2021

A recent survey revealed that four out of every 10 Americans don't believe they'll ever be able to afford to retire.1 But this pervasive belief may be too pessimistic. Even if your retirement account balances are behind schedule, there...

Monday, April 5, 2021

Everyone needs to make smart financial decisions that steer them toward financial independence. When people thrive financially, they may feel less financial stress, leading them to accomplish short and long-term financial goals. Here...

Wednesday, March 31, 2021

With so much going on in the world today—from a global pandemic through economic hardship—it comes as no surprise that many people have recently found themselves under heavy financial stress. Whether it is due to the loss...

Monday, March 29, 2021

If retirement is on your horizon, you may not expect to be able to withdraw any funds from your 401(k), 403(b), or other tax-deferred plan until you reach age 59.5—unless you want to pay a 10 percent penalty.[1] However, one...

Monday, March 15, 2021

In 2014, almost one-third of baby boomers had nothing saved for retirement. For those who did save, the median was around $200,000. This is a far cry less than the $1 million experts recommend for a 30-year retirement plan. Luckily,...

Monday, March 8, 2021

Women play a central role in establishing and preserving family wealth -- whether nurturing the values of children, fulfilling charitable goals, or making investment decisions that affect the financial security of themselves or their...

Monday, February 22, 2021

As a physician, you've devoted a lot of time to educating yourself, building a career, and providing top notch care that enriches your patients lives, and in the midst of all that, it can be easy to overlook your finances. To ensure...

Monday, February 15, 2021

Ultimately, the goal of investing is to try to make as much money as possible, and of course, you don't want to let taxes eat into your gains. Tax aware investing helps you minimize the effect of taxes on your investment portfolio....

Monday, February 1, 2021

Whether buying car insurance for the first time or reviewing your current policy, consumers need to understand the different types of automobile insurance coverage. Auto insurance policies consist of a variety of different elements,...

Thursday, January 28, 2021

A few personal finance tips so that your married future will be bright Young adults born between 1981 and 1996, the Millennial Generation, face a variety of challenges in their quest for financial security – especially those...

Sunday, January 17, 2021

For investors approaching retirement, it is important to begin thinking about retirement income planning. This involves a mindset shift from accumulating an investment portfolio designed for growth to creating a portfolio of retirement...

Sunday, January 10, 2021

There are two types of mutual fund capital gains – short-term and long-term. Simply stated, if a mutual fund (not the mutual fund investor), has held a stock for more than one year, then the profit from a sale is treated as a...

Monday, January 4, 2021

New Year's is traditionally the time to review your life and make resolutions for change. In addition to thinking about working out, eating healthy, and meeting personal and professional goals, you should also think about your finances...

Monday, December 28, 2020

Will your 2021 benefits include telehealth and mental health services? As we approach the end of the year, employees and employers are both wrestling with changes to employee benefits for 2021. While every year always brings about...

Monday, December 21, 2020

Last year, the average American spent nearly $1,000 per person on holiday gifts, up from about $885 per person in 2018.1 Though the COVID-19 pandemic continues to weigh on the retail sector (and many Americans' bank accounts), some...

Monday, December 7, 2020

Want to be your own boss? Ready to turn your hobby into a career? Got a great idea and thinking about launching a business? If you've answered yes to any of these questions, you are ready to become an entrepreneur. This can be an...

Monday, November 30, 2020

As the holidays approach, many children start to make wish lists, but unfortunately, not all children have someone to give them gifts. Luckily, there are many charities that help get holiday gifts and joy to children. If you're...

Monday, November 23, 2020

The holiday season is just a short time away, which means the shopping season is about to be in full swing. Shopping for holiday gifts is stressful but also a little fun, especially when you think bout the joy you will bring to those...

Monday, November 9, 2020

Health savings accounts (HSAs) offer tax savings for account holders—contributions are tax-free going in, tax-free coming out (with some exceptions, discussed below), and investment gains are tax-free as well. For high net-worth...

Monday, November 2, 2020

Regardless of which phase of the business life-cycle you’re in, you can get SMART about setting goals to motivate yourself, move forward to grow your business, and track your success. SMART goal setting for small business owners...

Monday, October 26, 2020

A key goal of investing for retirement is making sure you save enough to make your money last throughout your lifetime. On this score, women may need to save more than men. The current life expectancy of a female at birth is roughly 81...

Monday, October 19, 2020

As the end of the year approaches, it's time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax...

Monday, October 12, 2020

Similar to taking care of your personal health by proactively incorporating healthy habits and annual checkups, you can also take control of your financial health when you are proactive and engaged in managing your finances. And also...

Monday, October 5, 2020

Divorce lawyers, marriage counselors and the U.S. court systems are bracing for a surge in divorce filings once quarantine restrictions are lifted. And while it might be months or years until we begin to fully understand the true...

Friday, September 25, 2020

Small business owners are different from the average hourly employee in a lot of ways. One often- overlooked difference is how they plan for retirement. Although small business owners may offer a classic 401(k) for their workers along...

Tuesday, July 28, 2020

With the coronavirus shutting down educational institutions and moving classes online, the face of education across the country has changed. While the focus has been primarily on completing the educational requirements to get K...

Sonoma Theme JavaScript