Inflation Explained: What Is It and What Should You Do About It?
I imagine that you are both tired of hearing about inflation, while simultaneously wanting to know what is going on and how best to navigate it. The runaway inflation of the past year has definitely not been “transitory,” and is impacting many areas of our lives. If it feels like your dollar doesn’t go quite […]
Planning for Long-Term Care Part 2: The Economic Impact
Health matters, including long-term care, can cost hundreds of thousands of dollars in retirement. When the average American retires with $172,000, most retirement nest eggs just won’t come close to meeting those bills. This means that, regardless of how you decide to deal with the risk of long-term care costs, you need to have a […]
Planning for Long-Term Care Part 1: The Personal Impact
Did you know that 70% of Americans over the age of 65 will need long-term care? That’s a pretty astounding figure, and highlights just how important it is for us all to consider the possibility of extended care later in life – both for ourselves, and increasingly, for aging parents. It’s a sad fact that […]
How to Protect Yourself and Your Money from Cyber Crime
There is more than one way to lose money. Sure, it is easy to get caught up in the market volatility, especially following recent market losses and Russia’s unexpected and precarious invasion of Ukraine. But in an increasingly digital world, the breadth of opportunities for theft and fraud in cyberspace means that cyber crime is […]
The Unique Retirement Planning Issues Women Face
I believe that there is a disconnect between the way financial planning and investment management services have historically been provided to women, and how many women prefer to receive those services. Although all women cannot all be lumped into the same basket with the same needs, there are quite a few headwinds that many of […]
Roth vs Traditional: How to Choose the Right Individual Retirement Account
When it comes to retirement investment choices, there are several options that may or may not be available to you – depending on income and employment status. For the most part though, US citizens have the option to invest in one of two different types of Individual Retirement Accounts: a Roth or a Traditional. The […]
Navigating Life Changes: How to Deal with the Death of a Loved One
Losing a loved one is one of the most difficult and life-changing events that we will ever go through. And as awful as it is to consider, it will happen to all of us at some point in our lives. Though no one likes to even think about death, yet alone talk about it, preparation […]
Important Things Every Woman Should Know About Your 401(k)
Many employers offer retirement savings plans for their employees as an incentive to work there. A job that offers a retirement savings plan is a massive benefit to help you prepare for retirement. Even if the choices and regulations seem overwhelming, it is important to start somewhere. The most common type of employer-sponsored retirement plan […]
How to Mitigate Taxes Under Biden’s Proposed Tax Law Changes
Despite being in one of the lowest tax environments in history, I think it is safe to say that most Americans want to reduce their tax liability where they can and pay only what they owe. President Biden proposed sweeping tax law changes to tax rates and codes in April 2021 through the American Families […]
How to Use a Donor-Advised Fund to Minimize Taxes and Maximize Charitable Gifts
Being fortunate enough to use your financial resources to give charitably is a gift in itself. And if you are lucky enough to have reached this point in your financial journey, you have several options when considering how charitable giving fits into your financial plan. A donor-advised fund (“DAF”) can be part of a comprehensive […]