With the new tax reform, now is a good time to re-evaluate your current and future tax strategies. With the ultimate goal of increasing after-tax return, the focus here will be less on items like standard deductions, personal exemptions or child tax credits and more on investment tax toolsRead More
There are a lot of scams that prey on elderly people. Sadly, the most common perpetrators of elder financial abuse are family members. The elderly are very susceptible to abuse in the earliest stages of cognitive decline. In fact, the inability to handle financial affairs is often the first sign. This is true often before the cause of the dementia (such as Alzheimer’s) is even identified. If you find yourself in the position of having to help a loved oneRead More
What would you say if I told you that the company your financial advisor works for received revenue sharing payments of approximately $164,000,000 in 2012 from offering certain mutual funds, 529 plan programs, and insurance products? And that virtually all transactions related to these financial products involve product partners that pay revenue sharing to that company? The $164,000,000 spent on revenue sharing could have been added to your investment returns!!
As a result of a class-action lawsuit, the company now fullyRead More
How are we going to keep the skyrocketing price of college affordable for parents and students? Well, as of last week it just got a lot more difficult. The U.S. Senate failed to reach a compromise in their efforts to restore lower interest rates on student loans. The result? Congress was not able to send a bill to President Barack Obama for signature, and rates on subsidized Stafford loans doubled from 3.4% to 6.8%!
Student loans were a major componentRead More
With summer nuptials right around the corner, many couples will be receiving a ton of cash on their wedding day. As a newlywed myself (May 19, 2012), what to do with the influx of funds was an important consideration. The checks and cash rolled in from our wedding guests, and my wife and I had to decide what made the most sense for us financially. Every newlywed couple will have their own unique situation, but here are some wise thingsRead More