Getting your affairs in order means all the pertinent information about yourself, your medical history, and your finances is documented and organized. Should the unthinkable happen and you pass away before it is expected, this will save your family from even more stress in the aftermath of your death. We have all heard horror stories… Continue reading Getting Your Affairs in Order [Checklist]
There is no better time to put a serious dent in your 401(k) savings than in your 30s. Sure, some of you may have young families to feed or you aren’t at peak earning potential yet, but the amount you save now provides a golden opportunity to accumulate a serious amount of retirement wealth. Keep… Continue reading 401(k) Maximization Strategies in Your 30s
Parenting is hard work, especially when you have to parent in unfamiliar ways. Today’s parents are dealing with issues generations past didn’t face, such as how to protect kids online. Previous generations certainly had their own fears, but, today, many of the issues facing our children result from the internet. Yesterday’s story of a pedophile… Continue reading How to Protect Kids Online
Just like that, we are headed into spring, which means it’s time for a financial checkup using our second quarter personal finance tips for 2022. Many Americans entered 2022 with big financial goals. According to the New York Life Wealth Watch survey:¹ When asked how they were feeling about their finances going into the new… Continue reading 12 Second Quarter Personal Finance Tips
Far too often, parents prioritize college savings over retirement savings. While many believe they are doing the right thing helping their children avoid financial misery, they fail to realize that prioritizing college savings over retirement leads to more than one generation struggling financially. It’s becoming more common for parents and grandparents to take out loans… Continue reading College Savings Mistakes to Avoid [What to Do Instead]
401(k) plans are a valuable tax-advantaged retirement savings tool for many Americans. With it often being the largest retirement asset investors own, it’s critical investors understand how to maximize savings so they earn and keep more to enjoy during retirement. The problem is many 401(k) myths keep investors from doing just that. They think they… Continue reading Are These 401(k) Myths Costing You Money?
With cybercrime on the rise, and the threat of it increasing as a form of warfare, it’s critical we do what we can to protect our personal data and bank accounts. At press time, Russia has invaded Ukraine, and they have already launched cyberattacks on Ukrainian banks and government websites. According to U.S. intelligence reports,… Continue reading 20 Cybersecurity Tips: Protect Yourself in 2022
Tax season is here, and there are a few changes you need to be aware of before you file your 2021 taxes. First of all, this year we all get a few extra days to file our tax returns. Instead of the typical April 15, 2022, deadline, this year it’s April 18 due to the… Continue reading Important Changes to Know before Filing 2021 Taxes
401(k) loans are attractive because you don’t need to have good credit, you enjoy low interest rates, and you pay interest to yourself instead of a creditor. However, if you don’t take time to understand the details, it may end up costing you more than you bargained for and hurt your retirement savings – especially… Continue reading What Happens If I Leave My Job with a 401(k) Loan?
College costs are rising, and many parents are worried about their children taking on student loan debt. And, many are likely weighing saving for retirement vs. college. A 2021 report by Student Loan Hero reports, “Americans owe over $1.71 trillion in student loan debt, spread out among about 44.7 million borrowers.”¹ Of 44.7 million borrowers,… Continue reading Saving for Retirement vs. College: Which Is the Best Choice?
