Social Security Miscalculation on TurboTax
If you filed your taxes this year using TurboTax and you receive Social Security benefits, it’s worth taking a moment to double-check your return. A recent software issue in TurboTax caused some Social Security income to be miscalculated — specifically how much was considered taxable. While not all users were impacted, this glitch could result […]
Spring Clean Your Finances
Disorganized finances can make it difficult to plan and set your goals. Following a pattern of established management guidelines can help you stay on-top of your financial situation throughout the year. Whether you need to overhaul your budget, assess your credit standing, or get a better handle on your investments, stick to these 8 daily […]
Teach Children About Money
Most parents can relate to the challenges of teaching their children about money—whether it’s explaining the difference between wants and needs, encouraging them to save, or helping them understand the value of a dollar. Learning about money doesn’t have to be complicated or fraught with conflict. Some of the best financial lessons come from everyday […]
Lessons in Buyer’s Remorse
We’ve all been there—you make a purchase, and then, almost immediately, doubt starts creeping in. Maybe you spent more than you intended, or perhaps the item doesn’t live up to your expectations. That sinking feeling? It’s called buyer’s remorse, and there are a variety of reasons why we experience it: The truth is, buyer’s remorse […]
Having the “Money Talk” with Aging Parents
Discussing finances with aging parents is never easy. As a result, many families simply delay these conversations or avoid them altogether. This can lead to unexpected financial surprises, misunderstandings, and even conflicts down the road. By talking openly about money, you ensure both their future and yours are secure, prevent potential disputes, and help in […]
Financial Conversation Tips for Couples
Communication about money is often fraught for couples, and bringing the topic up with your partner can be challenging. But discussing financial concerns, goals and habits is key to a strong relationship. And open communication about these topics can help you and your partner work as a team toward common financial goals. How to talk […]
What’s Your Financial “Why” for the New Year?
We believe with wealth comes an expansive list of financial opportunities: paying down debt, upgrading homes, maximizing retirement savings, or supporting future generations. The real question isn’t what’s possible, but what’s most important. This is where clarity and intentionality come into play. Financial planning, done properly, may help you make choices in alignment with your […]
7 Keys to Help Navigate Market Volatility
7 Keys to Help Navigate Market VolatilityMarket volatility may be unsettling, especially when you see your investments fluctuating day by day. However, staying calm and sticking to a well-thought-out strategy may help you navigate these turbulent times effectively. Here are some key steps to consider when dealing with market volatility: 1. Don’t Forget HistoryMarket downturns […]
Are You Following the Financial Herd?
Herd mentality is the tendency to follow the actions of a larger group, even when those actions might not be in one’s best interest. When it comes to finances, herd mentality may have significant implications for your investments and retirement planning. The first step to avoiding this common bias is understanding its prevalence. Second, is […]
5 Things You Didn’t Know About 529 Plans
When it comes to saving for your child’s education, 529 plans are a popular choice due to their tax advantages and flexibility. However, there are several lesser-known aspects of 529 plans that can help enhance your saving strategy. Here are five things you might not know about 529 plans: 1. You aren’t limited to the […]
