It’s easy to ignore what we don’t understand – including something like an Health Savings Account. But plenty of professionals leave money on the table by not making the most of these tax-advantaged accounts. Read more…
Myopic Loss Aversion
How often do you look at the stock market or check your investment portfolio? The Digital Age has made access to stock market data and real-time portfolio values increasingly easy. The problem with easier access to real-time market data is that investors can lose sight of the big picture as their Read more…
Compounded Annual Return vs. Average Annual Return
Compounded Annual Return Read more…
Timely Topic: What You Should Know About a Donor Advised Fund
As end-of-year tax planning draws to a close, there is still a small window of time to set up a Donor Advised Fund if you wish to make charitable donations in the next few years and take advantage of the tax benefit from charitable giving. Read more…
How to Pay for College without Breaking the Bank | Plancorp
Deciding how much to spend on your child’s college education? Given the sticker price, it’s one of the most significant financial decisions you’ll ever make. Parents who overspend on their kids’ higher education may end up having to work longer, live on less, sacrifice other important goals and Read more…
End-of-Year Tax Planning Tips
My first opportunity to vote in a presidential election was the year 2000. Bush v. Gore. Hanging chads. A month of legal battles until we had a President Elect. I always wondered whether another election would surpass that chaos. 20 years later I have my answer. Read more…
Stressed Out About Money? A Financial Therapist Might Help
If the financial crisis of 2008–2009 had a silver lining, it was the launch of an important new profession: the financial therapist. At the time, many families realized financial worth wasn’t their only concern. They also wanted to build healthier, happier relationships with their wealth. Read more…
3 Icebreakers For Difficult Conversations With Your Parents About Money
How do you approach difficult conversations about money with your parents? A survey from GoBankingRates found that 73 percent of adults have not had in-depth conversations about money with their parents, which comes as no surprise. Read more…
Medicare Open Enrollment Has Now Started
For Medicare recipients, the period from October 15 through December 7 is a designated time to evaluate coverage and make certain changes if better options are available. Among the changes permitted during this time are: Read more…
2021 Retirement Plan Limits
The IRS announced the new limits for 2021 retirement savings and the amount that 401(k) participants, or participants in similar employer sponsored plans can save is staying the same. Read more…
