Personal Finance

Monday, August 14, 2017

Evaluating Your College Savings Withdrawal Strategy

Congratulations—your child has been accepted into college! As you prepare for this exciting transition, it is likely that you have been saving for some time, and now you are ready to start withdrawing from your college savings account(s). As you begin the process of developing an appropriate spend-down strategy, it is important that you consider how to distribute your assets in a tax-efficient manner while leveraging financial aid benefits and continuing to maximize current savings.



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Tuesday, August 1, 2017

Saving for Retirement and a Child’s Education at the Same Time

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. But take heartyou may be able to reach both goals if you make some smart choices now.



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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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