Personal Finance

Thursday, June 15, 2017

When Marriage Ends in Divorce or Separation

The end of a marriage is also the beginning of a new financial life. Reconsidering your financial arrangements — whether or not your income will be reduced — should be a priority as you adjust to your new circumstances. The major issues demanding attention and resolution include the following.



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Wednesday, June 14, 2017

The Importance of "What If" Planning

There is a basic rule that applies to personal finance: plan ahead. But “what if” planning can provide security and preparedness when the unexpected occurs.



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Thursday, June 1, 2017

Maintaining Your Financial Records: The Importance of Being Organized

An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need to locate it relatively quickly.

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Thursday, April 6, 2017

There's Still Time to Contribute to an IRA for 2016

There's still time to make a regular IRA contribution for 2016! If you haven't filed your 2016 tax return, you have until your due date (not including extensions) to contribute up to $5,500 for 2016 ($6,500 if you were age 50 by December 31, 2016). For most taxpayers, the contribution deadline for 2016 is April 18, 2017.

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Wednesday, March 15, 2017

Retirement Readiness: Underestimating Your Retirement Cash Flow Can Have Severe Consequences

People preparing for retirement often think that investment returns are the biggest factor in retirement success. Returns are an important factor, but cash flow is the #1 driver of a retirement plan’s success.


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Tuesday, February 28, 2017

Do you make too much for Roth IRA Contributions? Consider a Backdoor Roth!

There are many clients who would like to make Roth IRA contributions, but their income exceeds the applicable income limits. Clients who earn too much money (see chart below) aren’t allowed to open Roth IRAs under current IRS rules.

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Tax-Managed Investing: How to Keep More of What You Earn

Designing and managing investment portfolios involves conducting research to select the best investments to meet each client’s needs. In this effort, it is natural to seek to maximize returns because this can improve the probability of meeting our clients investing goals. However, we all recognize that we cannot control the returns provided by the markets.

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