Tips on Understanding Your Credit Report, and Fixing Any Errors You May Find Following are six of the key items that appear on a credit report, with tips on how to fix any errors you may find: Personal information - Is your name, Social Security number, address and other personal information accurate? If not, contact [...]
In order to prepare for the appointment with the financial advisor here's how to prepare. To properly prepare for your meeting, you should get organized in 2 categories: Questions Current statements Let's start with “Questions” first There are questions for you to consider and your questions for the financial advisor. Questions For You Organize your [...]
In these unprecedented times our attention is being pulled in so many directions that it’s sometimes hard to know what to prioritize. One financial matter that may need your attention is your life insurance used to protect your family and your income. With the all-time low interest rate environment that we are facing, insurance companies [...]
Divorce can be a complicated and challenging process in which details are easily overlooked. Protecting your financial health during this time is crucial, and no one should enter this process without a trusted attorney (specializing in divorce) on his or her side. Equally important is knowing the laws that shape divorce proceedings, and the impact [...]
Medicare contains many rules that beneficiaries and their caregivers are required to learn. Perhaps the best way to grasp the program's details is to review the major components of the Medicare program: Parts A, B, C, and D. Medicare Part A: Hospital Insurance This insurance is designed to help cover the following: Inpatient care [...]
As the saying goes, "Parents are people who carry pictures in their wallets -- where their money used to be." The U.S. Department of Agriculture estimates that the cost of raising a child born in 2015 through age 17 averages $233,610 for a typical middle-income family -- and that doesn't include the cost of college [...]
Home ownership is the cornerstone of the American Dream. But before you buy a home, consider a number of things. First, look at buying a home as a lifestyle investment and only secondly as a financial investment. Over time, buying a home can be a good way to build equity. But as recent history has [...]
The SECURE Act - Top 10 Key Provisions to Provide Retirement Savings Benefits for Employees and Employers Open Multiple Employer Plans / Pooled Employer Plans – The SECURE Act allows unrelated small employers to band together in “open” 401(k) multiple-employer plans (MEPs; also referred to as pooled employer plans (PEPs)). This reduces the costs and [...]
As a financial advisor, I experience highs and lows…and I’m not talking about the stock market. One of the areas I cherish most about what I get to do with my life is seeing people succeed financially and make progress towards their goals. That never gets old, it still fires me up! But I also [...]
New Contribution Limits for 401(k) Plans, Traditional and Roth IRA, and Pension Plans The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. For company retirement plans, the most recognized highlight is the 401(k) contribution limit increase to $19,500 for the new year. [...]
