Blog
Welcome to our blog where we share insightful information and articles about financial planning, retirement planning, wealth management, and more.
529 Plans and Alternatives: Making an Educated Decision about Education Savings Options
Those that choose to invest in the education of a family member, friend or acquaintance are investing not only in that individual’s future, but also the future of society. It is an act of generosity, forward-thinking, and love....
Read MoreA Tough Times Survival Guide for Small Businesses
Small businesses may often find themselves struggling, and there are many situations in which business owners may find themselves weathering a storm and hoping to make it through. While the strength and fortitude of those who run small...
Read MoreHow to Stay Committed to Your Financial Goals
Setting healthy financial goals is critical. Even more important is staying committed to those financial goals.Keeping yourself committed to your goals may be difficult, especially when times may be financially tough. But by staying on...
Read MoreWhat Federal Government Employees Should Know About Retirement
Federal employees have different benefits than other workers, including an annuity (or pension) and the Thrift Savings Plan program. However, navigating these benefits may sometimes be a challenge. What should federal government...
Read More3 Tips for Preserving Wealth in Your Golden Years
After spending so much of your life saving for retirement, it may be challenging to transition from depositing funds to withdrawing them. You may wonder whether there is any way to maintain your lifestyle and preserve your wealth to...
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Life Insurance for the Self-Employed
Life Insurance for the Self-EmployedIf you're like most people, you bought life insurance to provide for your loved ones in the event of your death. But because you're self-employed, you may have an even greater need for life...
Read MoreHow Can We Make Tax Season Easier on CPAs?
Tax time is the busiest time of the year for most accountants, but as a client, you can take steps to make this time of year slightly easier on your CPA. When your accountant is less stressed, they have more energy to give your tax...
Read MoreThe Basics of the 401(k)
Thoughts from a financial professionalMost often, the first question a prospective employee will ask is about your company’s benefit program. And in my experience, the two most often-asked questions are about health insurance and...
Read More3 Reasons to Wait Until 70 to Claim Social Security Benefits
In a rush to file for Social Security benefits at age 62? Many people are - but slow down and do the math first.When it comes to claiming Social Security retirement benefits, you may want to consider waiting to start benefits when...
Read MoreStress-Free Home Closing Tips
If you’ve made it to your closing day, you’re well aware of how many speed bumps there are in the home buying process. Although we’re told to expect the unexpected, there are a few things that you can do as a buyer to...
Read MoreMaking the Most of Your Relationship with a Financial Professional
Heading to your first meeting with a new financial professional may be a lot like going on a blind date. Can you have anything in common? Can you click? Can you trust this other person with what's most important to you? A strong...
Read MoreThinking About Working in Retirement? Here's What to Consider
If you're thinking about working in retirement, you must consider a few things before making your decision. As you get older, the question of when to collect Social Security retirement benefits and how your monthly payment may be...
Read MoreCrossing the Bridge to a Satisfying Retirement
One of the more important—and hopefully enjoyable—events you will face in life is retirement. After spending many years building your career, you have likely accumulated a comfortable nest egg. If you have reached a point...
Read MoreBuying Insurance: What Savvy Consumers Should Know
You're ready to buy an insurance policy, but you feel a bit uneasy embarking into the insurance world. After all, the language can be technical, and you're wary of insurance agents throwing sales pitches at you. Whether you're buying...
Read More6 Ways Account View Paperless Forms Simplify Tax Time
Tax time can be stressful, and often means a lot of time and paperwork, but you can reduce some of the stress by going paperless with your tax documents. You can receive tax documents (and many additional mailings) electronically by...
Read More3 Financial Lessons We Can Learn from Past Presidents
In the U.S., the third Monday of each February marks President's Day—a holiday that's often marked with mattress and furniture sales and discounts on new cars. But aside from these budget-friendly purchasing opportunities, there...
Read More5 Valentine's Day Gifts that Grow in Value Over Time
Valentine's Day is one of the biggest holidays for romance and for lavishing gifts on that special someone in your life. While flowers and chocolates may be the most common gifts exchanged on that day, why not consider a gift that may...
Read MoreMore Money, More Responsibility and Strategic Financial Decisions
Strategic financial planning is important for everyone but especially for high-income earners that have their compensation tied directly to the success of the business. Executives and entrepreneurs both rely on accessing their wealth...
Read MoreEfficiency Rules: 3 Simple Steps for Improved Planning and Productivity
Do you wish that there was more time in a day? Do you want to have time to drink a cup of coffee in the morning, or get to the gym before or after work? Well, we can’t change how much time there is each day, but we can help you manage...
Read MoreImproving Your Financial Health is Not Very Hard
“Keep it Simple, Stupid” is a great approach to organizing your finances Some folks think financial planning is very difficult. While certain aspects are hard, such as constructing the right asset allocation to meet your...
Read MoreNewlyweds - Get a Financial Head Start
If you are newly married with no children, you may have a special opportunity to build your savings and investments. Financially, a married couple can be more than the sum of its parts. One spouse can work steadily, while the other...
Read MoreFour Actions to Take if You’re Retiring Next Year
Retirement is a major transition point – as you go from saver to spenderIt's common for people who are retiring to set their retirement date in either the springtime or the early summer. If you happen to be one of those lucky...
Read MorePrepping Early For Tax Day
As the year comes to a close, probably the last thing on your mind is filing your taxes in spring. But if you start assembling the necessary documents and information now, you’ll experience less stress and be in a far better...
Read MoreThe Resolutions You’ll Actually Want to Keep Up With This Year
New Year’s resolutions tend to come with a lot of hype, but sometimes little return. Our lives get busier, and the promises we made to ourselves at the beginning of the year can lose their luster. But putting that energy into...
Read MoreYour New Year’s (Financial) Resolutions
A resolution for every month to help you work towards financial independenceCleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a...
Read MoreWinter Driving
Along with snowmen, skating, and sledding, the winter months also bring the possibility of freezing rain, strong wind, ice, and blizzard conditions. When such weather is imminent, the National Weather Service may issue winter storm...
Read MoreA Look at Tax Planning for Retirement
After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount...
Read MoreVolunteering as a Family: There's Always Room for More
Volunteering as a family is a great way to spend some quality time together and help give back to those in need or assist your local community. No matter the age of your family members, there are plenty of volunteer opportunities to...
Read More3 Reasons to Schedule a Year-End Tax Planning Meeting With Your CPA
If you want to minimize your annual tax liability, optimize your deductions, and keep as much of your hard-earned money as you can, smart tax planning and good professional advice is essential.This is true whether your basic...
Read MoreA Year-End Wealth Planning Guide
As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:...
Read MoreChoosing a Retirement Plan for Your Business
You’re an entrepreneur and you’re not looking back. You’ve opened your own business, whether alone or with partners, and you’ve achieved success. Now you’re thinking about retirement, not just for you, but...
Read MoreHow to Beat the Daylight Savings Blues
It’s nearly that time of year again: turning the clocks back an hour and experiencing less sunlight. While it seems like there’s nothing you can do about this natural, yearly occurrence, you can! Don’t let the darker...
Read MoreAging Gracefully: 6 Healthy Ways to Enjoy Your Retirement
Retirement is an exciting time. You have worked hard all of your life and now get to take advantage of the fruits of that hard labor. While retirement is the perfect time to tackle to-do lists and all of the things you have always...
Read MoreTactical Asset Allocation in Today’s Market?
Wise investors alter their approaches as market cycles shift, from bull to bear to something in between. A consistent strategy can be far more risky than one that involves tactical shifts according to the season.Let’s say you...
Read MoreNew Cancellation for Federal Student Loans and Delayed Repayment to 2023
On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief.Federal student loan repayment was originally halted in March 2020 at...
Read MoreSimple Solutions for Down Payment Saving
The thought of putting thousands of dollars into a down payment for a home might bring out a lot of emotions: fear, dread, anxiety. Does any of that ring a bell?Saving for a down payment is no easy task, but it is totally achievable...
Read MoreA Teacher’s Guide to Financial Literacy
It is important to understand basic financial concepts in today's economic climate—from compound interest to the difference between a tax credit and a tax deduction. Unfortunately, 65% of Americans are financially illiterate and...
Read MoreEstablishing a Credit History
What is credit?When you say you want credit, you are probably asking for payment terms on a purchase. You are seeking to purchase goods or services today and forego all or a portion of the payment until a later date. You may or may not...
Read MoreAlzheimer’s Disease: Caring for Your Loved One
Alzheimer’s disease, the most common form of dementia, is generally diagnosed in people over 65 years old, causing memory loss, changes in mood and behavior, and the gradual inability to maintain independence in daily living...
Read More3 Common Financial Planning Fears and How To Conquer Them
If the thought of reviewing your finances with the help of a financial professional strikes more fear into your heart than giving a public speech, you are not alone—two in every three Americans report regularly feeling stressed...
Read MoreAre You Maximizing 401(k) Contributions?
Are You Maximizing 401(k) Contributions? The more money that you can save when you are working, the easier it should be for you to retire and enjoy your golden years. Unfortunately, Social Security may no longer provide a...
Read MoreWhy the 20 Percent Down Payment Isn’t Always the Best Option
The 20 percent down payment on a conventional loan is one of those “everybody knows” items, as in “everybody knows you have to put 20 percent down.” In reality, however, there are a variety of down payment...
Read MoreWomen Have Different Financial Planning Worries
Women have special concerns about financial security that financial professionals might need to address. For one thing, they tend to live longer than men, so they may worry about paying for an extended old age. For another, women of all...
Read MoreWhen You Need Help - Community Resources and Programs for Older Individuals
Many programs and resources are available from your community to help you live independently at home. Some of these programs are funded either by your state government or by the federal government. Others are privately funded or are...
Read MoreInflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is...
Read MoreBusting Common Credit Myths
Anyone who has purchased a home or is currently looking to buy can tell you that credit score is one of the most important factors in securing a loan. It can affect a lot of other areas of your life, too, but it’s particularly important...
Read MoreTeaching Money Mindfulness to Your Children
At some point in a child's development, all parents wonder: how can I best teach my child the value of money? Parents who grew up in more modest circumstances than their own children can struggle to balance the desire to provide...
Read MoreRetirement Income Investing - Beyond Annuities
One of the challenges of investing during retirement is providing for annual income while balancing that need with other considerations, such as liquidity, how long you need your funds to last, your risk tolerance, and anticipated...
Read MoreThe Importance of Financial Independence for Adults with Disabilities
Disabilities may make it challenging to secure a job or stay financially stable. Here are some important reasons adults with disabilities may consider pursuing financial freedom and the potential benefits of taking charge of your finances.
Read MoreThe Low-Down on Low-Cal Ice Cream
When low-cal, high-protein ice cream brands such as Halo Top and Arctic Zero hit the market, sweet-toothed shoppers rejoiced—finally a way to eat the entire pint of ice cream and feel no guilt!
Read MoreCharitable Giving: Making a Positive Difference
There are countless benefits of charitable giving. Through generous donations, you can make a difference in your community and society. You may also feel happier and even save on your taxes. Here are some key things to need to know.
Read MoreCaught in the Middle: Sandwich Generation Stress and the Importance of Social Wellness
The "Sandwich Generation" wakes up every morning with a lot on their plates. They not only have to provide support for themselves and their own children but also help to take care of aging parents.
Read MoreInvestor Summer School: 3 Investing Moves to Make Before Summer is Over
Many investors still adhere to the old adage—"sell in May and go away"—while others remain fully invested even as the summer heat waves begin. What goes unsaid is that if your asset allocation accurately reflects your risk...
Read MoreAlzheimer’s Disease: Caring for Your Loved One
Alzheimer’s disease, the most common form of dementia, is generally diagnosed in people over 65 years old, causing memory loss, changes in mood and behavior, and the gradual inability to maintain independence in daily living...
Read MoreOpening a 529 College Savings Plan Is Better Late Than Never
If you wonder whether it’s too late to start saving for your child’s college education—the answer is no. Whether your child is a newborn or already starting college, a 529 account may provide some tax benefits. Here...
Read More3 Myths About Converting an IRA to a Roth IRA After Age 60
Suppose you have read or watched a story about converting an IRA to a Roth IRA after age 60. In that case, you may have seen this strategy portrayed negatively or only highlighting the benefits. This article will cover myths about...
Read MoreGone Fishin': 6 Fishing Lessons for Investors
While it may seem that fishing and investing are completely unrelated, believe it or not, there are some characteristics that make a person good at fishing that can also transfer to investing. Here are six fishing lessons you can apply...
Read MoreWhat Federal Government Employees Should Know About Retirement
Federal employees have different benefits than other workers, including an annuity (or pension) and the Thrift Savings Plan program. However, navigating these benefits may sometimes be a challenge. What should federal government...
Read MoreFour Things to Know Before You Take Social Security
Preparing for retirement may be an exciting and stressful time. While the idea of leaving the workforce and enjoying more leisure time may be appealing, the prospect of no longer receiving a regular paycheck might be intimidating for...
Read MoreMaking the Most of Your Relationship with a Financial Professional
Heading to your first meeting with a new financial professional may be a lot like going on a blind date. Can you have anything in common? Can you click? Can you trust this other person with what's most important to you? A strong...
Read MoreMaking the Most of Your Relationship with a Financial Professional
Heading to your first meeting with a new financial professional may be a lot like going on a blind date. Can you have anything in common? Can you click? Can you trust this other person with what's most important to you? A strong...
Read MoreInvest in Your Financial Education During Financial Literacy Month
April brings more than possible rain showers. It also marks Financial Literacy Month in the U.S. Whether you’re interested in a quick refresher or seeking to learn something new, it may be worth the effort to brush up on some...
Read MoreRetirement Plans and Estate Planning
When you die, what will happen to your retirement plan benefits? In general, your retirement plan benefits pass to the beneficiaries you designate on the plan beneficiary designation form. Your benefits will generally be subject to...
Read MoreHow To Measure Your Portfolio in Uncertain Times
Too often during uncertain times, we inadvertently compare ourselves to the people around us – and that may lead us to make financial mistakes. In his book Predictably Irrational: The Hidden Forces That Shape Our Decisions, Dan...
Read MoreThere's Still Time to Contribute to an IRA for 2021
Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2021. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2021 ($7,000 if you were...
Read MoreEight Key Facts to Know About Social Security
A whopping 70 percent of adults in their 20s through 50s fear that the Social Security program might be reduced or eliminated by the time they retire and don’t know what to expect.1 It's important for all adults to be...
Read MoreHow to Help Your Children with Their Debt
Parenthood is full of highs and lows. If you have children, you probably know firsthand what it feels like to be in debt. Because you know how debt feels and you love your children, you probably want to step in and relieve them of...
Read MoreTax Prep Checklist: Everything You Need to Be Ready for Tax Season
Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...
Read MoreFocusing on Your Finances
While most people find the notion of creating a budget about as appealing as cleaning out closets, most would agree that the result—a well-crafted and useful budget—is worth the work Two financial...
Read MoreFour New Year's Resolutions for Current Retirees
The New Year is the time to make resolutions, and for those who are retired, those resolutions may look a little different than they did in past years. Whether you are looking to improve your health, or your finances, below are a few...
Read MoreRMD Roundup: A Few Key Updates About Required Minimum Distributions
As we approach the end of 2021, now might be a good time to take a closer look at a few developments surrounding required minimum distributions (RMDs). What Are RMDs? Once you reach age 72, you are required to take minimum...
Read MoreOutlook 2022: Passing the Baton
LPL Research Outlook 2022: Passing the Baton is designed to help you navigate the risks and opportunities over the rest of 2021 and beyond.
Read MoreWhat Physicians Should Know About Choosing a Financial Professional
As a group, physicians are among the highest-earning professionals out there—and this specialized and life-saving career comes with some specific financial needs. Because of this, physicians should seek out a financial...
Read MoreYear-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with...
Read MoreEstate Planning Challenges for Unmarried Couples
It seems that state and federal laws governing estate planning may be running behind the growing trend of couples living together outside of marriage. For these unmarried partners, more creative estate planning strategies could be the...
Read More8 Tips to Stay on Track with Your Holiday Budgeting
It’s hard to believe we are already approaching the end of another year, and holiday season will soon be here. Since holiday spending doesn’t include just gifting, it’s essential to set your budget now. You may...
Read MoreClearing the Air on 401(K) Hardship Withdrawals
When it comes to 401(k) plans, some people may find themselves a bit confused about the 10% Federal income tax penalty for withdrawals prior to age 59½ and hardship withdrawals from a 401(k) plan. The Internal Revenue Service...
Read MoreFinancial Professional or Accountant? Four Key Ways They Differ
Whether you're launching a new business, looking for a second opinion on your retirement plan, or just need some extra help with your taxes, you may be wondering whether it's time to contact an accountant or financial professional....
Read MoreSurviving the Holiday Season Debt-Free
With the holiday season just around the corner, you may be ready to get a jump on your holiday shopping. Unfortunately, for many, holiday shopping easily gets out of control. When you are in the giving spirit, you may find yourself...
Read MoreWomen and Retirement: Closing the Gender Pay & Retirement Savings Gap
Today’s women are more educated and have more significant job opportunities compared to previous generations. Despite more women in the workforce than ever before, women still experience considerable pay disparity compared to...
Read MoreShould Your Family Have a Family Business Constitution?
Constitutions don't just set down fundamental rules and processes for countries; they can also set rules down for families—especially families with businesses. Having certain processes and governing principles put to writing can...
Read More2021 Year-End Planning for Retirees
For some, 2021 has flown by—and as we approach the last quarter of the year, it's a good time to begin planning for the next one. Year-end planning is especially important for retirees and those hoping to retire in 2021 or 2022....
Read MoreSave More Every Month with These Smart Strategies
Save More Every Month with These Smart Strategies Saving money can be difficult, even when you stick to a budget. It’s easy to feel like you’re not getting anywhere. You wish you could save more, but where do you start? At...
Read More7 Common Retirement Planning Moves
Have you ever wondered if the money in your investment accounts will last through retirement? Here are some steps that go beyond the basics of using tax-advantaged funds and making regular contributions. Review your portfolio - Conduct...
Read MoreHow Financial Planning Helps You Work Towards Your Self-Improvement Goals
Many self-improvement goals focus on stability and personal growth — and financial goals are often no different. From buying your first home to saving for retirement, planning your finances can also help you work toward your...
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