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How To Prioritize Travel and its Associated Expenses

Do you like to travel? Are you already looking forward to your next big trip? Do you spend more time planning your vacations than planning your finances? If so, you’re not alone. Recent surveys suggest that many Americans devote more time each year to planning their vacations than planning their finances.

Education Savings: There’s No Time Like The Present

College saving is a topic near and dear to my heart, as we have a 17-year-old who is currently undergoing the college exploration process. It seems like just yesterday that we dropped him off for his first day of kindergarten. He looked so small walking into that big school with his little turtle backpack on. My wife and I both had tears in our eyes. Now he is towering over us at 6 feet, 2 inches tall, constantly eating and never gaining weight.

Hidden Costs of College

Congratulations! You have four years of tuition, room and board stashed away in your 529 plan, and your child hasn’t even graduated from high school yet. Now you can breathe easily, right? Well … maybe, maybe not.

Roth or Traditional IRA? - Parsec Financial

IRA Contribution Rules

The maximum contribution for 2022 individual retirement account contributions is $6,000 ($7,000 if aged 50 and over). There are income limits which determine whether you can deduct your Traditional IRA contribution or if you qualify to make a Roth IRA contribution.

A Financial Guide to Divorce

It is critical to prepare for divorce by making sure you have the resources in place to navigate the process successfully. It begins with establishing a strong support network, one that provides you with the emotional support necessary to accept your new reality and navigate the ups and downs of the divorce process. For legal support, we recommend you engage a quality divorce attorney, one who is not only skilled in divorce, but a good communicator focused on your best interest. We also believe it makes sense to engage a financial advisor with expertise in divorce. He or she can provide invaluable technical support as you pursue an equitable settlement and plan for financial security in the future.