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.
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.
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.
Our society is going through an unprecedented churn in the labor market due in part to the COVID-19 pandemic but also because of the normalization of working from home. As many people search for an ideal work-life balance, it is important not to neglect the ultimate end goal, namely retirement, and even more important not to abandon the primary resource for helping to ensure a stable retirement, your 401(k).
When is the last time you thought about your homeowners and auto insurance?
Financial Advisor Scott Kittrell outlines 10 ways to manage the rising cost of healthcare.
Senior Financial Advisor Judson Meinhart explains the basics of health savings accounts (HSAs) and how it can benefit your retirement.
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.
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.
Life is uncertain. There are many things that are beyond our control.