May 22, 2023 In Financial Health When you have a bad day, do you head to Target? When you are bored, do you shop online? When you have cause for celebration, do you splurge on something new? These are all common ways to engage in retail therapy. The problem is that retail therapy is not… Continue reading 12 Tips to Quit Retail Therapy and Boost Your Finances
May 15, 2023 The original SECURE Act of 2019 extended the Required Minimum Distribution (RMDs) age from 70½ to 72 for retirement accounts. Now with the passing of the Omnibus Bill, SECURE Act 2.0 extends the RMD beginning date to age 73, starting in 2023. Not only does the new legislation push back the required… Continue reading How RMD Changes Protect Your Retirement Savings
Don’t Break the Bank: Tips for Planning Your Family Summer Vacation May 1, 2023 In Financial Health Now is the time to plan and save for a family summer vacation. If you wait too much longer, you’ll be too late. This is because Americans are still feeling the need for pent-up “revenge” travel following the… Continue reading Don’t Break the Bank: Tips for Planning Your Family Summer Vacation
April 17, 2023 401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement. However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an… Continue reading The High Cost of Raiding Your 401(k)
April 3, 2023 In Financial Health One of the most common financial mantras to building wealth is “pay yourself first,” but there isn’t much guidance on how to create a pay yourself first budget. That might be why so many Americans struggle with saving money. A 2023 Bankrate study found, “Nearly half (49 percent) of… Continue reading Build Wealth with a Pay Yourself First Budget
The Banking Crisis: What Investors Need to Know [Video Explanation] March 20, 2023 In Financial Health, Retirement Savings There’s a lot of concern about the banking industry following the collapse of the Silicon Valley Bank (SVB). So what happened and how does this affect the average 401(k) investor? Keep reading to find out. What Happened… Continue reading The Banking Crisis: What Investors Need to Know [Video Explanation]
March 13, 2023 In Financial Health When it comes to preparedness, we tend to focus on preparing for our financial futures. Unfortunately, this often includes providing our readers with tips for avoiding becoming the victim of cybercrimes. Victims of cybercrimes suffer personal and financial identity theft, stolen money, fraud, embezzlement – not to mention the… Continue reading Cyberattacks Are Increasing: How to Prepare
February 20, 2023 A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s. According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% last year, up from 1.9% in 2021.”¹ This represents the highest share of hardship withdrawals recorded by the financial services firm. Vanguard also recorded a… Continue reading 401(k) Hardship Withdrawals – What You Need to Know
February 6, 2023 In Financial Health It’s tax time, and there are a few changes you need to be aware of before you file your 2022 taxes. The IRS has warned taxpayers they should expect smaller refunds due to pandemic relief measures that have been allowed to expire. Don’t get caught off guard. Keep reading… Continue reading 7 IRS Changes to Know before Filing 2022 Taxes
January 30, 2023 In Financial Health When it comes to money habits, we can either form those that cause us to be saddled with debt and worried about our financial future or those that bring us financial freedom. The good news is that it is possible to break bad habits. It is also possible to… Continue reading 10 Money Habits to Build Wealth
