Navigating the Debt-Ceiling Drama
The ongoing debate surrounding the debt ceiling has reached a crescendo, capturing the attention of both the media and the American public. As Congress struggles to find common ground, many are left wondering how we arrived at this impasse and whether there is cause for concern. We aim to shed light on the situation and…Read More
Understanding FDIC Insurance
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC insurance, how it works, and what it covers. What Is FDIC Insurance? The FDIC is an…Read More
Catch-Up Contributions: How They Can Help Boost Retirement Savings
Retirement planning can be a daunting task, and for many individuals, it can be difficult to save enough money to ensure a comfortable retirement. According to a recent survey by the Employee Benefit Research Institute (EBRI), 27% of workers are not confident about having enough money to live comfortably through their retirement years, while only…Read More
The Double-Edged Sword of Technological Advancement: How AI and Other Innovations are Transforming the Workforce
The advent of new technology has long been a source of both excitement and apprehension. On the one hand, new technology can lead to significant advances in productivity, efficiency, and quality of life. On the other hand, it can also lead to job displacement, disruption of traditional industries, and other challenges. One of the most…Read More
Where do markets go from here?
The world is full of uncertainty and volatility, and nowhere is that more evident than in financial markets. The past few years have been marked by significant market swings, fueled by a variety of factors ranging from global economic conditions to geopolitical events. Against this backdrop, investors are left wondering where markets will go from…Read More
What if I get Audited by the IRS?
Audits by the Internal Revenue Service (IRS) are dreaded by taxpayers. The fear of an audit often stems from the misconception that the IRS conducts them frequently and that they are always punitive. However, the reality is that audits are rare, and they don’t always result in penalties. The IRS selects returns for audit using…Read More
Donating Appreciated Securities: A Tax-Savvy Strategy for Giving
If you’re looking for a tax-savvy way to give to charity, consider donating appreciated securities instead of cash. Not only can this strategy benefit your favorite organizations, but it can also provide you with significant tax advantages. What are Appreciated Securities? Appreciated securities are assets that have increased in value since you acquired them. These…Read More
Why should I add beneficiaries to my retirement account?
A beneficiary is a person or entity designated to receive the benefits or assets of an account or asset after the death of the account holder or asset owner. A beneficiary can be named on a variety of financial accounts, including life insurance policies, retirement accounts (such as IRAs and 401(k)s), and investment accounts, as…Read More
Serving as an executor of an estate
Serving as an executor of an estate can be a complex and overwhelming responsibility, but with the right guidance, it can also be a rewarding experience. The role of an executor is to manage and distribute the assets of a deceased person, known as the “decedent,” according to their will. In this article, we’ll outline…Read More
Should I buy or lease a car?
The automotive industry has faced numerous challenges in recent years, including the aftermath of the COVID-19 pandemic, geopolitical tensions such as Russia’s invasion of Ukraine, the growing popularity of electric vehicles, and fluctuating metal prices. As a result, financial planners are frequently asked by clients whether they should purchase a car through a loan or…Read More