General Insights

Undoubtedly, you’ve heard speculation about future tax increases due to increased government spending during the pandemic. Such predictions have more people considering Roth IRAs since money that goes into these accounts has already been taxed, earnings grow tax-free, and qualified withdrawals are not taxed. If you’ve never had a Roth, here are some things to…

If you’re a newcomer to the complex Medicare system, or will be soon, it’s wise to research potential options and pitfalls to prevent future regrets. As a starting point, here are a few mistakes to avoid: Missing Part B deadlines. If you’re already receiving Social Security benefits at 65, you’ll automatically be enrolled in Part…

While it’s natural to look ahead to a leisurely retirement, it’s prudent to prepare for expenses that catch many retirees by surprise. In a recent survey, nearly one-third of retirees reported they faced at least four unforeseen expenses during retirement. Some of the most common include: Inflation: Inflation rates have been low since the 2008-2009…

You have worked hard, managed your finances well, and invested wisely to protect your future and care for your family. It’s crucial not to lessen your vigilance when it comes to your estate. Unfortunately, the Tax Cuts and Jobs Act (TCJA) passed in 2017 has lulled some individuals into a false sense of security. In…

Like so many areas, social media cyber-attacks are on the rise, both on individual accounts and wider platform hacks. While you can’t prevent a large, headline-making hack, you can take practical steps like these to protect your own information: Always use complex passwords on your social media accounts and update them frequently. When filling out…

With almost two months of the new year elapsed, it’s a good time to look at how well your recent behavior aligns with your financial goals. If there’s room for improvement, you might consider applying one of these savings strategies. Try a financial fast. Just as intermittent fasting from food has become popular among dieters…

When you were a child, you dreamed about what you’d do when you grew up. If you’re middle aged, you may be dreaming about what you’ll do when you retire. Retirement looks different today than it once did, with second careers becoming more and more popular. According to a Federal Reserve Board study, one third…

Thursday has been designated World Cancer Day to encourage prevention, early detection, and treatment. In that light, today’s article addresses paying for cancer treatment while on Medicare. Cancer is one of the costliest medical conditions to treat. While typical cancer drugs can cost $10,000 per month, some run many times that. And the single greatest…

Because marriage is a 50/50 partnership, both spouses should be involved in retirement planning – even if only one works outside the home. Working spouses can show appreciation for stay-at-home partners, many of whom selflessly left jobs to care for family members, by helping them build a secure future. Here are a few things to…

Most of us recognize the importance of creating a thorough, well-reasoned estate plan. But we may not give adequate thought to choosing an executor to carry out the provisions of our wills. It’s all too easy to default to a relative without objectively weighing their qualifications or the challenges they may face. Because of the…