Featured Content

Thought Leadership

IRA Beneficiaries: Per Stirpes vs. Per Capita

Did you know that your IRA beneficiary supersedes your will? No matter how carefully you’ve crafted your last intentions in your will, an IRA beneficiary that was never updated after your divorce and remarriage can unwittingly bestow your former spouse with your IRA inheritance, while also disinheriting your new spouse and children. That’s why it’s important to update your beneficiaries after major life changes such as marriage, divorce, births, illness, domestic issues and deaths.

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.

Estimated Tax Payments

What a relief it is as individual taxpayers to get our pesky income tax return filed on July 15 (or sometime thereafter, on extension) and have the IRS leave us alone for another year, right? Well – maybe, depending on your income and income tax withholding on said income.

10 Ways to Celebrate Independence Day

I proudly served in the U.S. Army from 1991-1992 as a medic. You can read a story about my experience there at ThinkAdvisor (I’m #21). My time serving makes me appreciate being a U.S. citizen. So, while some of our typical holiday festivities might look a bit different this year for safety precautions, I hope

Graduating From the Workforce – Are You Emotionally Prepared?

Everyone at Parsec works diligently to prepare you financially for retirement by guiding you to financial security. This is our mission, and our success can only be measured in seeing you achieve that security. Most importantly, you have walked with us each step of the way as we explained and implemented the financial concepts needed

You Have a High School Senior – Now What?

The last years of high school are an exciting, stressful and scary time for students, from academic pressure to social and behavioral issues. They are adults in many ways, but still little kids in other ways. Having never parented a child through this stage before, my wife and I learned a lot in the process.

Content Archives

Featured Author

Michael Baughman

Michael Baughman

Michael is a Certified Financial Planner practitioner and a NAPFA-Registered Financial Advisor.

LEARN MORE

Our Long Form Thoughts

Parsec Financial Longevity Forum

A robust library of educational content provided by local experts on various aspects of aging well such as wills and estates, long-term care, nutrition, financial advice, planning for your legacy and more.

Stay Up To Date With Parsec

Sign up to join our mailing list and receive quarterly newsletters, whitepapers, news, and more right in your inbox.
Scroll to Top

Thanks for subscribing!

Thank you for subscribing to our email newsletter. We are excited to share with you our latest news, thought leadership, and more.