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Your one-stop resource for everything related to your financial well-being. 


Recent Posts

Teach Your Children How to Manage Money: A Guide By Age

As a nation, overall, we lack in financial literacy, or a strong understanding of money management and how to make money work for us. According to NerdWallet, the average U.S. household carries $129,579 of debt, with $15,355 of that on high-interest credit cards. This means the average U.S. household pays $6,658 in interest each year—9% of average household income! To make matters worse, paying debt causes us to sacrifice saving; only 41% of American households spend less than they earn in a year.1

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Don't Miss Out on Deducting Medical Expenses from Your Taxes

Now that it's tax time, of course you want to maximize your allowed deductions so you can minimize your tax bill. If you had the misfortune of paying large medical bills for yourself or dependents during the tax year, the Internal Revenue Service (IRS) allows U.S. taxpayers to deduct medical expenses that exceed 10% of your adjusted gross income (7.5% if you or your spouse is 65 years of age or older at some point during the tax year). Adjusted gross income is defined as your taxable income minus IRA contributions, student loan interest, and other deductions. If you need help with the math, CNN.com offers a calculator to help you figure out your adjusted gross income. 

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The Money Talk Every Family Must Have

When it comes to being a parent, it’s never too early to start having age-appropriate talks about money. With adolescents—saving and budgeting come to mind—but as adulthood approaches, talking to them about your plan for your finances both during life and death, is one of the most important conversations you can have. It gives you the opportunity to communicate with your kids  your long-term care wishes, how your estate will be handled, and ensures that your assets are distributed the way you prefer.

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Three Advantages of a Contributing to a Roth IRA

Whether you're new to the workforce and just getting started on your retirement planning course, or you've been at it for a while, either contributing to your company-sponsored 401(k) plan, and/or making regular contributions to a traditional individual retirement account (IRA) through a private brokerage firm, I'd like to talk a bit today about the advantages of contributing to a Roth IRA.      

A Roth IRA is essentially the same as a traditional IRA, except that instead of making pre-tax contributions, your contributions are made after taxes—you won't get an annual tax deduction like you do with a traditional IRA or 401(k) plan—giving you tax-free income once you retire and start making withdrawals. Not only does the government not touch your contributions, but your interest earnings can be withdrawn tax-fee as well.

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Saving For Retirement? Consider Your Rollover Options

If you've held multiple jobs that offered a 401(k) or retirement account and haven’t consolidated the funds into one account, you could be paying unnecessary fees and missing out on valuable investment options. 

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Estate Planning: A List of Must-Do’s

I’m sure when you woke up this morning, death was not something that crossed your mind. To think about “the end” is not how most people start their days, but unfortunately, the actions that should take place after the inevitable is something that should be discussed and carefully planned out.

Stop for a moment and think to yourself who would bear the burden if you were to die today. Are there certain responsibilities that your loved ones would suddenly have to take over? There are numerous questions that arise when you start to think about the  “what ifs” that come with life...and death.

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