Current warning signs might point to a future downturn for the stock market. As an investor, it’s important to keep a close eye on the stock market indicators. Currently, the indicators are showing a concerning trend that investors should pay attention to. The stock market has seen a rally in big tech stocks after their … Read more
The vast majority of Americans need long-term care. According to the U.S. Department of Health and Human Services, 70% of people over age 65 may need some long-term care during their lives.1 Unfortunately, planning for long-term care may be confusing. To safeguard your finances, try to avoid these expensive mistakes. 1. Don’t Assume You Don’t … Read more
When it comes to financial planning, people often think of financial professionals as people who assist with strategies for retirement planning. That is one aspect of their job; however, financial planning and working with a financial professional can benefit anybody who experiences life-changing events, including getting a new job, marriage, debt repayment plans, buying a … Read more
In a 6 to 3 vote, the Supreme Court struck down the Biden administration’s student loan forgiveness plan denying a chance for at least 43 million eligible participants to eliminate up to $20,000 of their debt. Despite new actions announced by the White House in a continued fight to provide debt relief and support to … Read more
Question: I made after-tax contributions to my 401(k). When I retire, can I roll that money into a Roth IRA tax-free? Answer…yes. After-tax funds can be segregated from other funds in the account and transferred directly to a Roth IRA. In fact, it would be a mistake not to. (Don’t confuse after-tax contributions to a … Read more
If you’re in search of a way to reduce your tax bill and give back to the community, a donor advised fund may be worth considering. Also known as a DAF, a donor advised fund is a charitable investment strategy you can use to support charities that are important to you, while receiving tax-advantages. You … Read more
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 options available in the mortgage marketplace, and a 20 percent down payment may not be the best choice … Read more
Investing involves setting goals for the future and weighing the risks and potential rewards associated with a wide variety of investment opportunities. If you are a new investor, this might seem like an overwhelming task. But take heart. Becoming familiar with a few basic concepts could help you have more confidence in your investing decisions. … Read more
A 2022 Gallup Poll found that 58% of all adult Americans own stock. The top 1% owns more than half the total amount invested among those who own stock. 1 Making investing possible for your children, nieces, nephews and other loved ones may be the key to improving their financial future and getting them off … Read more
Just like the adage about the cobbler’s children going without shoes, many financial professionals who recommend succession plans for their clients lack a succession plan for themselves. A recent white paper by the Financial Planning Association revealed that 27% have a succession plan. This situation may leave heirs and business associates scrambling to put the … Read more