Bad Money Habits to Break in 2018

Bad Money Habits to Break in 2018

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior.   #1: Lending money to family & friends. You may know someone who […]

The Major Retirement Planning Mistakes

The Major Retirement Planning Mistakes

Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees.      Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance […]

Your 2018 Financial To-Do List

Your 2018 Financial To-Do List

What financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. Here are a few that might prove convenient: […]

Year-End Charitable Gifting

Year-End Charitable Gifting

Are you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to the charity and to you.   To deduct charitable donations, you must itemize them on I.R.S. Schedule A. So, you need to […]

Avoiding the Money Pitfalls of Past Generations

Avoiding the Money Pitfalls of Past Generations

You have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that.       Live below your means and refrain from living on margin. How much do you save per month? Generations ago, Americans routinely saved 10% or more of what they made, either depositing […]

Retirement Plan Contribution Limits Rise for 2018

Retirement Plan Contribution Limits Rise for 2018

You will able to put a little more into your workplace retirement account in 2018. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans thanks to inflation and made other adjustments worth noting.   Contribution limits for 401(k)s are rising by $500. This is the first increase […]

Enjoy the Rally, But Prepare for the Retreat

Enjoy the Rally, But Prepare for the Retreat

Will the current bull market run for another year? How about another two or three years? Some investors will confidently say “yes” to both questions. Optimism abounds on Wall Street: the major indices climb more than they retreat, and they have attained new peaks. On average, the S&P 500 has gained nearly 15% a year […]

The Republican Tax Reform Plan

The Republican Tax Reform Plan

Major changes may be ahead for federal tax law. At the start of November, House Republicans rolled out their plan for sweeping tax reforms. Negotiations may greatly alter the content of the bill, but here are the proposed adjustments, and who may and may not benefit from them if they become law.     The corporate […]

Understanding Inherited IRAs

Understanding Inherited IRAs

At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future.     Who was the original IRA owner? If the original owner was your spouse, you have a fundamental choice to make. You can roll over your […]