Financially Savvy Resolutions for the New Year – 2025
As the festive holidays come to an end, we look forward to the New Year. Welcome to 2025, the year in which setting financial goals will guide you toward reaching financial freedom. While everyone’s definition of financial freedom is unique, there are a few objectives that can give you a solid foundation for the New […]
Navigating the New Year: What’s Ahead for the Economy in 2025?
As we inch closer to the end of 2024, we all deserve to stop and take a deep breath. For many, this year has been filled with stress and anxiety. I think most of us are ready to close our eyes and wake up in 2025. When brainstorming ideas for this end-of-year blog, we began […]
Understanding Roth Conversions and How They Could Benefit You
As Financial Advisors, we are often asked questions that arise after clients see a video on social media, read an intriguing headline or news article, or overhear a conversation about an investment related topic. One of those hot topics that has been coming up regularly has been around Roth IRA conversions or “backdoor Roth IRAs”. […]
Helping Your Children Learn to Handle Money
When did you start earning money and what was your job? My first paying job was babysitting children. I had taken the babysitting course at the local Y, earned my certificate, and let neighborhood parents know I was available. From there I moved on to a summer in the tobacco fields of the Connecticut River […]
7 Things to Consider About Joint Bank Accounts
A joint bank account is an account that two or more people share. The key feature of joint accounts is that each person named on the account has the ability to access and manage the funds independently. There are several types of joint accounts, including: Things to Check with Your Bank When Someone Dies Losing […]
When to Collect Social Security Benefits?
A common question asked when planning for your retirement is “what age should I take my Social Security benefits?” I think there is a better question to ask yourself which is “do I want to have more money earlier or later in retirement?” Timing does matter in retirement. Once you put a little thought into […]
Year-End Tax Planning Strategies
It is important to plan for taxes year-round in order to be adequately prepared to file your tax return the following April. However, this is especially true towards the end of the calendar year when it is time to make sure your ducks are in a row. This blog will highlight some areas that are […]
The Psychology of Saving: Behavioral Finance Hacks for Your Retirement Fund
Planning for retirement can feel like a daunting task, especially when so much of your income already goes toward current needs and goals. Yet, understanding the psychology behind your spending and saving behaviors can help you make smarter decisions to boost your retirement funds. While traditional savings methods can be effective, blending them with behavioral […]
Key Medicare Information 2024
Medicare vs. Medicaid- Both Government sponsored health insurance Premiums: Deductibles: Coinsurances: What’s covered? A few examples: Options: When to sign up: Important things to know:
The Role of Insurance in Financial Planning: What Clients Should Consider
Many do not generally relate insurance to financial planning, it can have a huge effect on your financial well-being. Insurance plays a huge role in your overall financial picture and it is extremely important to make sure you are not only covered, but that the amount of coverage fits your individualized needs. While insurance can […]
