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Monday, June 10, 2024

Annuities are a well-kept secret in the small business financing world. Businesses can use these products in various ways, both to meet their own financial goals and to provide retirement benefits to owners and employees.

Monday, June 3, 2024

Remember, it is never too early to start planning for your future. The time to begin planning for your financial future is now. So, when it comes to preparing for retirement, the earlier you start, the better.

Monday, May 13, 2024

Navigating inflation as a small business owner isn’t easy, but you have options: Diversify your supply chain, prioritize your cash flow, and talk to a financial professional if needed. Learn more here.

Monday, May 13, 2024

Small business owners! As costs rise and interest rates increase, it's essential to weather the storm with resilience and strategic planning. Check out these tips to help your business navigate through times of inflation

Wednesday, May 8, 2024

Thinking about retirement can be both exciting and stressful. If you're unsure about when to start claiming your Social Security benefits, here are a few questions to help you decide if now is the time or if you should wait a bit longer.

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Monday, April 29, 2024

Don't fall for the misconception that seeking financial assistance indicates a lack of self-sufficiency. Working with a financial professional can be one of your greatest assets! Here are 10 ways a financial professional can help you.

Monday, March 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...

Monday, March 18, 2024

Yes, even if you are a business owner or self-employed, you can receive Social Security benefits as long as you have been paying Social Security tax each year. The Social Security Administration defines you as self-employed if you...

Monday, March 18, 2024

April marks Stress Awareness Month, which provides a great opportunity to shed light on a topic often overlooked in the world of high-net-worth investors, which is mental health. For anyone who is used to managing substantial wealth,...

Monday, March 18, 2024

April is Stress Awareness Month, and there's no better time to reflect on and address the stressors that may impact our lives. Financial stress is an interesting challenge for high-net-worth individuals and families since most...

Thursday, February 15, 2024

You are finally retired after a lifetime of hard work, juggling responsibilities, and managing stress.

Thursday, February 15, 2024

Technology continues to grow and evolve, allowing us to stay connected and perform many daily tasks from home. There is a drawback to technology, however. It often leaves us more vulnerable to scammers.

Thursday, February 15, 2024

Regardless of the stage of life, your credit score is an essential component of your financial health when you're in retirement. A consistently strong credit score can pave the way for greater confidence.

Thursday, February 15, 2024

Credit is one of the most important factors of life that impacts all businesses. Having solid credit is necessary for securing a small business loan.

Tuesday, January 30, 2024

In this article, we explore portfolio diversification by using concepts related to chocolate to make it more understandable – and palatable.  

Tuesday, January 30, 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. Retiring simultaneously can bring many benefits.

Tuesday, January 30, 2024

SECURE Act 2.0 features a host of potential changes for 2024, including adjustments to RMD rules, auto-enrollment retirement plans, changes to catch-up contribution rules, increased annuity options, and other new provisions.

Tuesday, January 30, 2024

Planning for early retirement is great, but planning for healthcare coverage at the same time is sometimes more difficult.

Monday, January 22, 2024

Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include: If you have income from working in retirement....

Monday, January 15, 2024

Premiums, deductibles, and coinsurance amounts for Original Medicare generally change every year. Here's a look at some of the costs that will apply in 2024. Medicare Part A (Hospital Insurance) costs for 2024 Premium for those who...

Monday, January 8, 2024

Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to...

Monday, January 1, 2024

The new year is fast approaching, and it is a good time for small business owners to make some financial resolutions to help lead them toward a solid financial path. Whether your business is just starting or you have been running it...

Tuesday, December 12, 2023

In 2024, LPL Research believes markets will make a definitive turn to a more recognizable place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is going down. The risk of a recession is...

Friday, November 17, 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...

Friday, November 17, 2023

Medicare policies are the health insurance benefits you have worked toward throughout your life, and having the proper policy is critical as you are likely to face more health problems as you age. While these policies can provide you...

Friday, November 17, 2023

The holidays are nearly upon us – a time of giving, goodwill to others, and embracing traditions. For many people, giving to a charity or organization that aligns with your values provides a sense of fulfillment. If you itemize...

Thursday, October 12, 2023

As we approach the last quarter of each year, it is a good time to plan for the next one. Year-end planning is especially important for existing retirees and those hoping to retire in the next few years. There are tax and income...

Thursday, October 12, 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...

Thursday, October 12, 2023

One of the more difficult conversations for family members to have is talking about estate planning. There are several reasons for this, including the reality of our own mortality and that of our loved ones. In some families, it is an...

Thursday, October 12, 2023

The fourth quarter holidays are often seen as one of the prime times to take out your checkbook — not only do many charities put in extra efforts helping others this time of year, but donating is also a smart financial move....

Sunday, October 1, 2023

Growing old is simply one thing you can’t avoid. The goal is to enjoy your retirement years as you imagined after a lifetime of working. One aspect of growing old that young people may overlook is long-term care insurance...

Sunday, October 1, 2023

For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your spending...

Sunday, October 1, 2023

Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review. Do you have a will and powers of attorney for...

Sunday, October 1, 2023

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet...

Wednesday, September 27, 2023

The government is likely to shut down on October 1, as Congress has failed to agree on some type of funding legislation for the 2024 federal fiscal year. Lawmakers are supposed to pass 12 different spending bills to fund agencies...

Tuesday, August 22, 2023

Obtaining a life insurance policy is part of being an adult. But it’s also something that you can easily neglect, especially if you obtained it earlier in adulthood. You should review it when you reach these milestones.

Tuesday, August 22, 2023

Two in three American adults do not have an estate plan, which can protect your assets and ensure that they go to the right people. Here are seven crucial steps to take when beginning estate planning.

Tuesday, August 22, 2023

When you invest, you assume a certain level of risk. One of the most challenging aspects of investing involves matching your tolerance for risk with your investment objectives.

Tuesday, August 22, 2023

One of the main concerns about retirement is health care. As healthcare costs continue to rise, medical bills may derail your retirement plan. Though navigating Medicare is a little tricky, these tips can make the process less daunting.

Monday, August 14, 2023

As you near age 65, you may start to think about Medicare. How do you sort through your coverage options? When (and how) do you enroll? And what if you have other health insurance? Here is some information to help you when it's time to...

Wednesday, July 26, 2023

As a business owner, putting all your profits back into the business may be tempting. However, when it comes to saving and investing as a business owner, there are long-term paths you should consider. Here are some tips.

Wednesday, July 26, 2023

It's important for individuals to reconsider relying solely on Social Security benefits as a retirement plan. Here are five compelling reasons why you should not solely depend on Social Security as part of your retirement plan.

Wednesday, July 26, 2023

A successful investor maximizes gain and minimizes loss. There are no guarantees, and all investing involves risk, including the possible loss of principal. Here are six basic principles that may help you invest more successfully.

Wednesday, July 26, 2023

Kids and adults are going back to school, and paying for it can feel like climbing up an unending hill. The earlier you start saving, the easier it will be to pay for college. Here are some college planning tips.

Monday, July 3, 2023

Being a small business owner can be rewarding but also may bring a lot of stress. There are many paths to financial independence; here are a few directions to get you started.

Monday, July 3, 2023

While many factors may influence your financial situation, social influence is the component that is given the least attention. Learn more about the effects of some common social issues.

Monday, July 3, 2023

Members of the "sandwich generation" may feel stressed and overextended. There are steps you may take to mitigate these stresses and develop a strong action plan. Here are four tips.

Monday, July 3, 2023

In retirement, it is sometimes necessary to create new social connections and a new social network, especially if you relied on work for your socialization. Here are some benefits that social wellness may bring to your retirement. 

Monday, June 26, 2023

Despite progress, the pathway to financial access and stability is still rockyWhile the future seems brighter than ever for women entrepreneurs, a myriad of financial challenges continue to cast shadows over their journey. The...

Thursday, June 1, 2023

Having enough retirement income is a top concern for many Americans nearing or in retirement. Even though they may have saved consistently throughout the working years, they may be concerned that their retirement plans will succeed. A...

Thursday, June 1, 2023

In 2021, 44.7 million Americans are facing the burden of student loan debt. They owe more than $1.53 trillion in student loans. These alarming statistics prove the importance of saving for higher education. In the past, many...

Thursday, June 1, 2023

Estate planning helps disperse your assets according to your wishes. The effort may seem daunting at first, but estate planning does not have to be overly complicated. With the proper planning, you may find yourself resting a little...

Thursday, June 1, 2023

For kids, teens, and college students, summer break often represents freedom from schedules, responsibilities, and all those other drains on your time. Retirement actually can provide a similar level of freedom, but only if you've...

Monday, May 1, 2023

Memorial Day is a time to honor those who have given their lives to preserve the lives and freedom of many. This Memorial Day, why not show your appreciation for the service and sacrifice of those who have fallen.

Monday, May 1, 2023

Strategies Using Life InsuranceWhat is it?Life insurance is not only about protecting your survivors in the event of your death. Depending upon the type of policy you purchase, it can also enable you to meet specific life goals:...

Monday, May 1, 2023

For business owners, the thought of retiring and whether or not you are ready to take those first steps might be overwhelming or intimidating. If you're a business owner, take a look at our checklist for more information.

Monday, May 1, 2023

Many retirees underestimate their expenses, get bored without a daily grind and panic over market corrections. Especially when the media is shouting about bank failures, historically high inflation numbers, and a ballooning national debt.

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. The ability of the market

Saturday, April 1, 2023

Everyone needs to have some level of financial literacy to help manage their finances. However, financial literacy becomes even more crucial when you're a business owner. You need to become familiar with common terminology and business...

Saturday, April 1, 2023

Planning for retirement is exciting, but it may come with a bit of stress. If you worked hard all your life, now might be the time to relax and enjoy the fruits of your labor. One of the things that you may need to consider is when it...

Saturday, April 1, 2023

Could you be losing money because of simple monetary mistakes? Avoid these money-wasting habits in 2023 to have more cash when you need it—or save it for a rainy day. Failing to budgetConventional wisdom says to follow the...

Saturday, April 1, 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, March 13, 2023

The most common question we hear from clients today is “Tell us what’s going on with the markets?”  While we could likely write a doctoral dissertation on that question alone spanning the last 2 decades to explain what has us here today, th

Wednesday, March 1, 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...

Wednesday, March 1, 2023

Spring can be a fantastic time to refresh your retirement plan and savings habits. With 2023 bringing increased limits for 401(k)s, individual retirement accounts (IRAs), Health Savings Accounts (HSAs), and other tax-advantaged...

Wednesday, March 1, 2023

If you're a business owner, you are likely the Chief Everything Officer at work and have many responsibilities. A business owner's situation is unique since they are asset-rich and cash-poor since their wealth is in their...

Wednesday, March 1, 2023

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...

Thursday, February 2, 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...

Wednesday, February 1, 2023

As the year has still just begun, 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...

Wednesday, February 1, 2023

Are you getting close to retirement and trying to stay on top of any changes to the retirement laws that may impact your goals and strategy? With the Secure Act 2.0 now signed into law, there are numerous retirement-related provisions...

Wednesday, February 1, 2023

Whether you’re just starting your career or are planning to retire this year, it’s never too soon or too late to start preparing for your retirement. What this entails may be different from person to person, but there are a...

Wednesday, February 1, 2023

Hopefully, you’re planning to give all of your loved ones plenty of affection this Valentine's Day. But what if you weren’t around? To make sure everyone is fully protected when you’re gone, you need an estate plan....

Sunday, January 1, 2023

Do you find yourself making resolutions, and then a month in, you already slipped up? New Year’s resolutions seem all well and good when making them, but it’s another thing to actually stick to them throughout the year....

Sunday, January 1, 2023

Shifts in tax brackets as well as the standard deduction slated for 2024 On October 18, 2022, the Internal Revenue Service (IRS) announced tax year 2023 adjustments for tax returns filed in 2024.From the IRS directly:“The tax...

Sunday, January 1, 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...

Sunday, January 1, 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...

Thursday, December 1, 2022

Just as every snowflake is unique, so is every person's retirement plan. Though there are some general strategies that can be helpful—contribute at least 10% of your salary; have at least one year's salary saved for retirement by...

Thursday, December 1, 2022

If you struggle to find a gift for the person who has everything—or want to do your holiday shopping without having to leave the house—consider giving stock as a gift. Doing so is easier than you think, and it may offer a...

Thursday, December 1, 2022

For many investors, this year has been a wild ride—with interest rate increases, a crypto implosion, and whipsawing values in the major market indices. It might be tough to catch one's breath and look ahead to next year. But the...

Tuesday, November 29, 2022

Through charitable giving, you can support causes or organizations you believe in and lock in tax benefits simultaneously. Whether you’re new to charitable giving or a veteran, there are several strategies you should keep in mind...

Friday, November 18, 2022

A 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...

Monday, November 7, 2022

People are always wondering what they can do to help local veterans; in reality, there are more opportunities available than you may think.Participate in a local event.       In many parts of the country,...

Thursday, November 3, 2022

For many of us, a new year is an opportunity for fresh starts and discovering the best versions of ourselves, but some things—like tax contributions and retirement deadlines—don't change much, if at all. And with that shiny...

Friday, October 28, 2022

Those turning 65 this year have a 7 in 10 chance of needing long-term care (LTC) at some point.1 With the cost of a private room in a nursing home now topping $100,000 per year, the thought of paying this — or for a loved...

Friday, October 21, 2022

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet,...

Friday, October 21, 2022

The S&P 500 does best when one party controls Congress and the WH tooThe 2022 Midterm Elections will feature hundreds of hotly contested races at the state and local level and will decide whether the Democrats maintain...

Friday, October 14, 2022

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...

Friday, October 7, 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...

Friday, September 30, 2022

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge....

Friday, September 23, 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...

Friday, September 16, 2022

Life insurance is essential in providing for beneficiaries upon your death, but it can also offer other tax advantages you may not know. For this reason, whole life insurance, also called cash value life insurance, is often used as a...

Friday, September 9, 2022

Matching your tolerance for risk with your investment objectives Everyone 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...

Friday, August 26, 2022

Whether you've been investing for years or just made your first stock purchase, you may find that the more you learn, the more you realize you don't know. From capital gains taxes to dividends, how well do you know investing? Test your...

Friday, August 19, 2022

Because inflation could reduce your purchasing power over time, you'll probably need to contribute more to your retirement plan than you think. What seems like a healthy amount now is likely to feel smaller and smaller over time.All...

Friday, August 12, 2022

The Stock Market has been trying to teach these lessons forever…. The real value of a bear market may be that it gives investors, who are temporarily frozen within its grip, the opportunity to learn or relearn important lessons...

Friday, July 29, 2022

If you're avoiding looking at your 401(k) balance during periods of market volatility, you're not alone. While the S&P 500 has historically produced an average annual return of 11%, recent market downturns may be impacting your...

Friday, July 22, 2022

It's essential to know the critical ages regarding taking Social Security that may impact the amount of your benefits. Getting the most out of your Social Security retirement benefits can be the difference of thousands of dollars over...

Friday, July 8, 2022

A bear market is a prolonged period of price declines in securities, an index such as the S&P 500, or the overall stock market of usually 20% or more from a recent high. Bear markets can also signal economic downturns such as a...

Monday, June 27, 2022

On the 4th of July, families gather for BBQs, communities watch parades together, and fireworks adorn the sky. These festivities mark the day in 1776 when delegates from the 13 original colonies adopted the Declaration of Independence...

Friday, June 24, 2022

If you have always thought estate planning was just for those nearing retirement or already retired, think again. If you own a home, it is important to have a plan in place. Without a will or other arrangements that allow your home to...

Friday, June 17, 2022

For investors approaching retirement, it is important to begin thinking about retirement income planning. This involves a mindset shift from accumulating an investment portfolio designed for growth to creating a portfolio of retirement...

Friday, June 10, 2022

In late 2019, SECURE Act was passed as a way to help Americans save more for their retirement. In March 2022, the SECURE Act 2.0 has passed in the U.S. House of Representatives and aims to improve the goals of the original SECURE Act....

Thursday, June 2, 2022

Medicare is available to virtually all U.S. citizens and legal residents 65 years of age and over who have previously worked and paid U.S. taxes or who are/were married to someone who did. And while this opens a host of healthcare...

Thursday, May 26, 2022

Memorial Day is a federal holiday for remembering people who died in our country’s armed forces. Observed every year on the last Monday of May, Memorial Day is celebrated in lots of ways. Regardless of how you are celebrating,...

Tuesday, May 24, 2022

What is Tax Loss Harvesting? When investments in taxable accounts do not perform as hoped and actually lose value, investors may be able to take advantage of tax benefits to help offset their losses. The concept of tax loss harvesting...

Wednesday, May 18, 2022

Small business owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise....

Friday, May 13, 2022

A Roth IRA conversion involves repositioning traditional IRA or qualified employer-sponsored retirement plan assets into a Roth IRA. One reason people convert traditional IRAs or other retirement accounts into Roth IRAs is so they...

Wednesday, May 11, 2022

May is Military Appreciation Month and the perfect time to express your gratitude to military members for their service. Whether you come from a military family or are just looking to show your appreciation for those who have served, there

Thursday, April 21, 2022

Social Security Retirement benefits are one thing that people know of, but often what they know isn't always accurate. First, the Social Security Trust Fund was created in 1939 as part of Old Age and Survivors Insurance by the Social Securi

Monday, April 4, 2022

As we approach tax day 2022, you may be expecting to receive a tax refund. While you may have a temptation to spend your tax return, other options may be more beneficial to your financial situation. Your tax refund is for overpayment of you

Tuesday, February 15, 2022

How do you picture your future? Some see retirement as a time to start a new career. Others see it as a time to travel. Still others plan to spend more time with family and friends. With that in mind, here are some things to consider.