Financial advisory can an ambiguous industry, therefore you may not receive the same value from your professional financial advisor as your neighbor. The difference can sometimes be staggering. In addition, the industry has gone through tremendous changes over the...

What to Consider The Covid-19 pandemic has led to a radical shift in the way the Fed handles inflation and the economy in general. For instance, in August 2020, the Federal Reserve announced that it was willing to let the inflation rate go higher than normal to offer...

What are the keys to prepare to grow wealthy together? When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well. The good news is that it is usually not so difficult. At some...

Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s. The salary deferral...

What you need to know. When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these withdrawals are called Required Minimum Distributions (RMDs).1 Generally, these...

Prescription drug coverage is an important part of any comprehensive health insurance plan. However, as drug prices increase, many health insurance companies are putting more restrictions on the items they will and will not cover. This means even if you enrolled in a...

Why do so many people choose them over traditional IRAs? The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it...

The last year has seen a lot of changes in the insurance industry, courtesy of the COVID-19 pandemic. More specifically, the extended-care policies have been affected with most people now finding it difficult to qualify. The most affected group is the high-risk...

Even the most seasoned investors are prone to their influence. Investors are routinely warned about allowing their emotions to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial...

When you read about money matters, you will sometimes see the phrase, “getting your financial house in order.” What exactly does that mean? When your financial “house is in order,” it means it is built on a solid foundation. It means that you have six fundamental...