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Thursday, April 18, 2024

If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in...

Tuesday, April 9, 2024

As high-net-worth (HNW) individuals approach their golden years, retirement planning often becomes a focal point of their financial strategies. One aspect of this planning that sometimes creates confusion or misinterpretation is the...

Thursday, April 4, 2024

Most American workers who earn wage income and pay Social Security taxes via withholding receive Social Security benefits at some point in retirement. While the Social Security Administration has tried to make the process easier to...

Thursday, March 28, 2024

Baseball and financial management can have more in common than meets the eye. Below, we discuss four key lessons that investors—and everyone else—can learn from America's favorite pastime. Diversification of Assets is...

Thursday, March 21, 2024

There are two things Americans have always looked forward to: going to the ballpark for the big game and retiring after a fulfilling career. Interestingly, baseball and retirement planning have several aspects in common. Taking the...

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Thursday, March 14, 2024

With an estimated $10 billion in annual spending, March Madness is big business—and big entertainment. In 2022, March Madness cost employers nearly $14 billion in lost productivity as employees carved time out of the...

Thursday, March 7, 2024

March Madness is upon us, and for basketball fans and investors alike, it's the most exciting time of the year. As the top college basketball teams prepare to tip off the Sweet 16 and the Elite 8 at the NCAA Tournament this weekend,...

Sunday, February 25, 2024

Retiring early as a couple is a goal shared by many, and if planned comprehensively, it may provide opportunities for travel, passion projects, and more quality time together.

Sunday, February 18, 2024

Wealth transfer is more than just a financial transaction; it's an opportunity for families to pass on their values, wisdom, and a legacy of love.

Sunday, February 11, 2024

Looking for ways to save "I love you" on Valentine's Day? Then you may want to consider opening a spousal individual retirement account (IRA).

Sunday, February 4, 2024

In the world of investing, risk and reward go hand-in-hand. To help manage risk and reward, investors often utilize a portfolio diversification strategy that mitigates risk while working toward accumulation across asset classes.

Sunday, January 21, 2024

While you never know your needs as you age, the first step is thinking about your financial situation and health today so you can plan for your later years.

Sunday, January 14, 2024

Financial wellness is a term that refers to the overall health and well-being of an individual's finances. In order to work toward financial wellness, it is essential to understand and manage the five key elements of personal finance.

Tuesday, January 9, 2024

As one approaches retirement, monitoring your financial situation by understanding your net worth and assessing the assets and resources needed to maintain a comfortable lifestyle throughout retirement is vital.

Tuesday, January 9, 2024

LPL Research’s Outlook 2024: A Turning Point provides insight and analysis into next year’s opportunities, challenges, and potential surprises. We understand that making progress toward long-term financial goals requires a strong plan...

Monday, January 1, 2024

Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation.

Tuesday, December 26, 2023

Whether you are just entering your golden years or are already several years in, setting goals to stay on track and maintain your health, happiness, and finances is essential. So why not use the New Year's holiday to turn these goals...

Monday, December 18, 2023

In the world of investing, the "holiday effect," as it is often referred to, is a phenomenon where stock prices see an increase right before a major holiday. There are many theories on why this may occur. It could be from trading...

Monday, December 11, 2023

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...

Monday, December 4, 2023

When it comes to your estate plan, you don’t just have it drafted and put away until it is time for your loved ones to manage your lifetime of affairs. As your world changes year by year, it is critical that you review your...

Monday, November 27, 2023

Tax planning preparations include small-business owners taking necessary measures to optimize their taxes by taking advantage of deductions and benefits. Here is a brief tax planning overview for small-business owners preparing for tax...

Monday, November 20, 2023

A 401(k) plan is one of the most popular and effective techniques for saving for your retirement. A company will automatically withdraw and contribute money from each paycheck to your 401(k) plan. Some employers will even match a...

Monday, November 13, 2023

A trust is a legal vehicle that protects your assets that contains instructions for your assets when you die or become incapacitated. When you set up a trust, you transfer assets from your name into your trust's name while you still...

Friday, November 3, 2023

As the year’s end approaches, High-Net-Worth Individuals (HNWIs) must prepare for one of the most critical monetary tasks: year-end tax planning. Due to the nature of their holdings and dynamic financial situation, HNWIs often...

Monday, October 23, 2023

October 2023 marks the 20th Cybersecurity Awareness Month—and cybercrime continues to evolve.1 Though you may not get as many emails promising bodily enhancements or asking you to keep some overseas funds in your checking account...

Tuesday, October 17, 2023

It is common for people to put off planning their estates. After all, no one wants to anticipate their death. In addition, many may believe that only the wealthy require estate planning or that all that is involved is tax planning,...

Tuesday, October 10, 2023

The S&P 500 lost 3.3% in the third quarter after sliding nearly 5% in September. Putting this into perspective, nothing really qualifies as out of the ordinary. Since 1950, the S&P 500 has historically declined in September 55% of the...

Monday, October 9, 2023

If you saved for retirement for a while, you might look forward to a break from financial responsibility for the remaining portion of your life. But striving for economic betterment should not end when you hit retirement. You may...

Monday, October 2, 2023

You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...

Tuesday, September 26, 2023

What are the ownership issues of life insurance? In estate planning, life insurance is purchased for several reasons: (1) to provide cash to the insured's family for daily living expenses, (2) to provide cash for potential death taxes...

Tuesday, September 19, 2023

Congratulations! You’re ready to buy a home. But before you start scouring the Multiple Listing Service (MLS), you need to secure a home loan. Use this guide to learn about some of the most common types of mortgages and which one...

Tuesday, September 12, 2023

What is a generation-skipping trust? By definition, a generation-skipping trust is any trust having beneficiaries who belong to two or more generations below the grantor (i.e., "skip" persons). More specifically, a generation-skipping...

Tuesday, September 5, 2023

Most people hate the thought of reading a life insurance policy (or any insurance policy, for that matter). However, if you can find the time and muster the patience, it's probably a good idea to read through your policy. If you do,...

Monday, August 21, 2023

In 2022, U.S. inflation hit a 40-year high, with prices for food, housing, gasoline, and other key staples increasing by nearly 10% over the previous year.1 During these uncertain times, stocks have continued a roller-coaster ride that...

Monday, August 14, 2023

If you've never engaged in financial planning and are unsure how to get started, this article is for you. A financial plan starts by evaluating your current financial situation and future expectations and can be created independently...

Tuesday, August 8, 2023

Do you know what arrangements you need to make when the time comes? What are the differences between elder law and estate planning? And what should you know before you begin to get your affairs in order?

Tuesday, August 1, 2023

Do you know the answer if your financial professional asks you what type of investor you are? While it may be challenging to classify yourself off the top of your head, knowing what type of investor you are might help you avoid making...

Tuesday, July 25, 2023

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...

Tuesday, July 18, 2023

Your goals and priorities will probably change as you plan to retire. Along with them, your insurance needs may change as well. Retirement is typically a good time to review the different parts of your insurance program and make any...

Tuesday, July 11, 2023

Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share...

Thursday, July 6, 2023

The Sandwich Generation: Caring for Parents and Children SimultaneouslyAs the U.S. population continues to age, the “sandwich generation” is caught in the middle, supporting both their parents and their children, whether...

Tuesday, June 27, 2023

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully.When you hit a certain age of your life, you may...

Tuesday, June 20, 2023

Low-risk, predictable returns for investors needing to preserve their capitalIn a rising interest rate environment, fixed-income investments become increasingly important for investors. Fixed-income investments such as bonds, Treasury...

Tuesday, June 13, 2023

Golfing and investing may not seem to share much common ground at first glance. But the more you think about it, a successful golfer and a successful investor share a number of traits such as patience, perseverance, attention to detail...

Friday, June 9, 2023

Every so often Washington likes to remind us how hard it can be to get things accomplished. The most recent example is the debt ceiling—the amount Congress can borrow to pay its bills.

Tuesday, June 6, 2023

Once you are in your 60s, you are likely to focus less on growing your retirement funds than answering, "When do I retire?" And once you crack open your nest egg, how should you allocate its contents? The answer often lies in a...

Tuesday, May 30, 2023

If you are worried about being able to afford college costs for your children or teens, a 529 education plan might be one way to boost your savings.

Tuesday, May 16, 2023

Medicare will not cover all healthcare costs. While there are insurance options available that can help fill some of these gaps, individuals should be aware of the limitations of Medicare coverage and plan accordingly.

Tuesday, May 9, 2023

Deciding when to file for your Social Security payments is what most people focus on when it comes to Social Security, but there are some other benefits you may be missing out on that are worth investigating

Wednesday, May 3, 2023

Spring is often thought of as an uplifting time, marked by growth and renewed hope. Investors saw signs of such renewed hope in recent weeks, especially on the inflation front as several inflation measures showed signs of improvement.

Tuesday, May 2, 2023

For many people, the choice between building emergency savings and working towards their retirement goals is one of the biggest dilemmas they face. So, which should you focus on first?

Tuesday, April 25, 2023

As you age, the question of when to collect Social Security (SS) retirement benefits will likely come to mind. There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take...

Monday, April 17, 2023

When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of...

Tuesday, April 11, 2023

The SECURE 2.0 legislation included in the $1.7 trillion appropriations bill passed late last year builds on changes established by the original Setting Every Community Up for Retirement Enhancement Act (SECURE 1.0) enacted in 2019....

Wednesday, April 5, 2023

The financial markets’ resilient performance during March was striking, despite pockets of uncertainty surrounding the strength of the economy—and not to mention concerns over the durability of the banking system.

Monday, April 3, 2023

With the signing of the Omnibus Appropriations package into law, both employees and employers can take advantage of more than 90 new provisions aimed at creating opportunities to create or modify workplace retirement plans and...

Tuesday, March 28, 2023

Ah, Money. The word leaves you with a positive or a negative feeling when you hear it. The feeling we get from money, and investing, has deep roots inside our emotions, although we may not understand why. Behavioral science explains...

Tuesday, March 21, 2023

Why is Medicaid planning important?Aging is inevitable, and a gradual (or not so gradual) inability to function independently is a great concern for many people. While the prospect of entering a nursing home is a daunting one, equally...

Tuesday, March 14, 2023

Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you've diligently sa

Wednesday, March 8, 2023

March is Women’s History Month, a month-long celebration of female empowerment1. This effort includes advocating for better representation in the workforce, pay parity and improved work-life balance.

Wednesday, March 1, 2023

Financial markets have experienced quite a bit of change this year in just two short months.

Tuesday, February 28, 2023

Retirement is a major transition point – as you go from saver to spender It'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...

Tuesday, February 21, 2023

It has been a tumultuous year for the investing community, with interest rate hikes, rumors of a looming recession on the horizon, and a seemingly continuous rising inflation that has left the U.S. and global market reeling. From the...

Thursday, February 16, 2023

Entrepreneurs tend to be natural risk-takers but this doesn't mean committing to uncompensated risk. A wise entrepreneur considers their potential exposure before leaping into a new business venture, moving forward only on those...

Tuesday, February 7, 2023

The Super Bowl is more than just a game. It's an American holiday. As you prepare for this fun day, you may also want to think about how to create "big wins'' in your investment strategy. Get ready for Super Bowl Sunday by checking out...

Wednesday, February 1, 2023

Whether you’re one to set ambitious New Year’s resolutions or simply use the beginning of the year to reset on a few habits, there’s almost always some value in reflecting on the past year before looking ahead. The...

Tuesday, January 31, 2023

Identity theft runs rampant during tax seasonHere’s what to know and how you can help protect yourself.Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN)...

Tuesday, January 24, 2023

It’s more than just figuring out if you’re doing it to make a profitMillions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing -- no matter...

Tuesday, January 17, 2023

It's nice to own stocks, bonds, and other investments. Nice, that is, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are...

Thursday, January 5, 2023

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...

Wednesday, January 4, 2023

The beginning of a calendar year is a time when the previous year’s reflections transition to a new year’s hopes. Given the market’s instability during 2022 and a tough period for stocks and bonds, everyone is hoping for a fresh start.

Tuesday, December 27, 2022

If one of your New Year's resolutions involves enhancing and expanding your investment portfolio, look no further. In a true New Year's Eve countdown tradition, ask yourself these 10 questions to help review your investment plans...

Monday, December 19, 2022

We all know the feeling of giving a gift so special and perfect that it’s better than any gift you could ever receive. There is something inherently powerful about giving, and, while right now might be prime time for gift-giving,...

Tuesday, December 13, 2022

As inflation soars, you can now save a lot more for your retirementOn October 21st, the Internal Revenue Service (IRS) announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from...

Tuesday, December 6, 2022

The average U.S. income tax rate stands at just over 13%—and if you're like many taxpayers, you're always looking for new tips and tricks to help reduce this percentage.1There are a number of different tax planning moves you can...

Tuesday, November 29, 2022

A list of things to consider as you think about year-end charitable donations With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the...

Tuesday, November 15, 2022

Whether you're a veteran or just starting out in the military, planning and preparing your estate is of vital importance. Why is estate planning so critical?Because, at your death, you leave behind the people you love and all your...

Wednesday, November 2, 2022

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:...

Wednesday, November 2, 2022

Black Friday and Cyber Monday are two of the greatest days to score deals for holiday shopping. Unfortunately, with amazing deals plentiful, some scammers use these days to take advantage of shoppers looking for the greatest bargains...

Wednesday, November 2, 2022

October is now behind us and it has delivered on its track record as a historically favorable month for stocks, offering some respite for investors as major equity indices rose for the month.

Tuesday, October 25, 2022

With the cost of long-term care (LTC) increasing year over year, considering how the costs of long-term LTC will impact your financial plan is essential. According to insurance company Genworth, the price of LTC services increased...

Tuesday, October 18, 2022

With a few simple actions, you can ensure your estate planning is effectiveWhether your estate plan is simple or complex, there are many details, which are often overlooked, that can undermine your plan’s effectiveness. Are you...

Tuesday, October 11, 2022

You don't need to wait until the end of the year to look for ways to minimize your tax liability. Tax planning should take place throughout the year to have you prepared well ahead of tax season. Here are six ways to minimize your tax...

Wednesday, October 5, 2022

We understand how difficult it is to stay invested during these bouts of market volatility. But markets have already priced in a lot of bad news, and I think we are closer to the end of this negative cycle than the beginning.

Tuesday, October 4, 2022

No matter where you are in life, you may have at least a few financial goals. Perhaps you want to buy a house, save for your child’s college education, or retire early. Regardless of what your goals are, financial planning can...

Tuesday, September 27, 2022

When investing, particularly for long-term goals, there are two concepts you will likely hear about over and over again — diversification and asset allocation.Diversification helps limit exposure to loss in any one investment or...

Tuesday, September 20, 2022

When it comes to investing, having fewer investments might help streamline your portfolio to manage stress better. Here are some benefits of a simple portfolio and some ways to help you create one.The Benefits of SimplicityUnless you...

Tuesday, September 13, 2022

Matching your tolerance for risk with your investment objectivesEveryone wants a comfortable retirement, but the road you take there will depend on your specific situation. When you invest, you assume a certain level of risk (but like...

Wednesday, September 7, 2022

When it comes to stock market performance, August was “the best of times, and the worst of times.”

Tuesday, September 6, 2022

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a...

Tuesday, August 30, 2022

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor.PortfolioAn investment portfolio is a collection of investments owned by an...

Tuesday, August 23, 2022

When it comes to creating your own monthly budget, sometimes planning is easier than the practice. Keeping track of finances can be tricky, but, with a few guidelines and time, you can take charge of your bank account once and for all...

Thursday, August 18, 2022

Why do so many people never obtain the financial independence that they desire? Often it's because they just don't take that first step — getting started. Besides procrastination, other excuses people make are that investing is...

Tuesday, August 9, 2022

 In golf, as in finances, there are a few rules of thumb that may improve your game: keep a level head, avoid traps, practice before trying something new and stay the course. Applying lessons from the golf course to your financial...

Wednesday, August 3, 2022

Last week was epic for market-watchers. A Fed rate hike, a much-anticipated GDP report, and the busiest week of earnings season got most of the headlines.

Tuesday, July 26, 2022

The need for regular saving and investing spans many life stages. Through the years, your goals will change and your strategies will shift, but don’t be alarmed. You’re just progressing through the normal stages of life,...

Tuesday, July 19, 2022

Working towards financial independence can often be a lifelong process. But for many, financial freedom may come far sooner—and include some fun along the way. What are the differences between financial independence and financial...

Thursday, July 14, 2022

Like many people, you may associate Social Security retirement benefits with a key part of their name: retirement. However, you may continue working while drawing Social Security retirement or survivor's benefits, and in many cases,...

Thursday, July 7, 2022

Both stock and bond markets have been challenging this year, but it’s important to focus on what this tends to mean looking forward.

Tuesday, July 5, 2022

For many who are decades away from leaving the workforce, retirement may seem like an abstract concept. But once you've entered your late fifties—like the youngest Baby Boomers, turning 57 in 2021—retirement may begin to...

Tuesday, June 28, 2022

Thursday, June 23, 2022

Wednesday, June 15, 2022

Wednesday, June 1, 2022

College is expensive for many people. The average tuition and fees at a college or university for the 2019 to 2020 academic year at a four-year institution was $9,4001. This may include the cost of tuition, books, and housing. For some...

Wednesday, June 1, 2022

While we wait uncomfortably to see if the S&P 500 can hold its recent lows, it is somewhat reassuring to know that bear markets that are not accompanied by recessions tend to be milder.

Friday, May 27, 2022

Sunday, May 22, 2022

Wednesday, May 4, 2022

Wednesday, May 4, 2022

As we move into spring and leave behind the last signs of a long winter, many worries from a chilly start to the year for markets, unfortunately, are still with us.

Monday, April 25, 2022

Sunday, April 24, 2022

Sunday, April 17, 2022

Sunday, April 10, 2022

Saturday, April 2, 2022

Tuesday, March 29, 2022

Tuesday, March 22, 2022

Tuesday, March 8, 2022

Tuesday, March 1, 2022

Tuesday, February 22, 2022

Tuesday, February 15, 2022

Tuesday, February 8, 2022

Tuesday, February 1, 2022

Tuesday, January 25, 2022

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.

Tuesday, January 18, 2022

Tuesday, January 11, 2022

Tuesday, January 4, 2022

Tuesday, December 28, 2021

A well-crafted business plan can be a blueprint for entrepreneurial confidence. This multifaceted tool is as important to established business owners looking to grow their companies as it is to budding entrepreneurs. A business plan...

Tuesday, December 21, 2021

With the holidays here, now is the time to get into the giving spirit and help to change others' lives for the better. Whether you are looking to make a difference in a specific person's life or the life of many, there are many ways to...

Tuesday, December 14, 2021

Responsible investing is widely understood as the integration of environmental, social and governance factors – hence the ESG acronym – into investment processes and decision-making. ESG factors cover a wide spectrum of...

Tuesday, December 7, 2021

You probably spend more time planning your holiday gathering than preparing for your golden years. As a result, you make basic mistakes in trying to fund your retirement. Here are a few of the top mistakes people make to screw up this...

Monday, November 29, 2021

A well-structured estate plan can be invaluable to you and your family It is common for people to put off planning their estates. After all, no one wants to anticipate his or her own death. In addition, many people may believe that...

Tuesday, November 23, 2021

American Express created Small Business Saturday in 2010 to provide small businesses with a holiday season boost on the heels of Black Friday. The day comes after one of the biggest shopping sales events and serves as a reminder to...

Tuesday, November 16, 2021

Members of the military have a lot of special financial challenges that most people don't encounter. However, they have access to many benefits, tax breaks and legal protections that can make a huge difference in their families'...

Thursday, October 28, 2021

Today, many people find themselves bombarded by a constant stream of financial news from television, radio, and the Internet. Yet, does all this “information age” data really help you manage your finances any better now...