Tax-Efficient Investing: It’s Not What You Make, It’s What You Keep

The beat goes on for the second longest bull market in history.  For the eighth consecutive quarter, the S&P 500 Index notched a positive return.  Small U.S.

Eight Tips for a Successful Retirement

Are you contemplating retiring soon?

Retiring takes considerable planning, but here are some tips to get you started on the process:

Estate Planning – An Important Part of Your Financial Life

According to USA Today, nearly two-thirds of Americans don’t even have a will, perhaps the simplest estate plan. Moreover, estate planning is more than just creating a will, it involves other important documents such as powers of attorney (POAs), advance healthcare directives, and trusts, in some cases. 

Assisting Aging Parents

Caring for aging parents is an increasingly common responsibility, even for those who still have young children at home.  Nearly ten million adult children (over age 50) are currently taking care of an aging parent, according to Metlife. For many people, it’s an important concern, but planning for it can make things easier once the need arises.  Fortunately, there are plenty of resources available to assist both the elderly and their caregivers.

Shockingly Low Percentage of Americans Confident About Their Future Retirement

Are you very confident that you will end up enjoying a comfortable retirement?  If so, you’re in the minority. Only 18% of Americans are very confident about their future retirement prospects.

Interest Rates on the Rise: What Does This Mean for the Stock Market?

The Federal Reserve (Fed) raised interest rates for the second time this year.  The Fed’s policy-setting committee raised the interest rate at which banks lend overnight funds to other banks by 0.25% to a range of 1.00% to 1.25%.  The markets were widely anticipating the increase, with the move signaling Fed optimism about the overall health of the U.S. economy.  While indications of an improving economic landscape are usually celebrated by Wall Street, many investors continue to worry about the effects of future interest rate hikes on stocks and bonds.

How Lifestyle Inflation Is Affecting Your Savings

You may have heard the phrase “lifestyle inflation,” or seen articles about families making well over six figure incomes and still living paycheck to paycheck.  This phenomenon is also known as “lifestyle creep” and refers to the tendency to let spending rise as income rises.

Financial Planning at Fifty

Your 50th birthday provides new opportunities to secure your financial future. For example, it gives you access to the “catch-up” provisions that allow you to contribute extra amounts to retirement accounts each year, which are not available to younger earners.

15 Ways to Cut Your Vacation Costs

Are you ready for the summer vacation season?

Part of preparing for a vacation is knowing how to save money on your travel. Here are 15 ideas to get you started:

Tips for Buying a Home

Are you planning to buy a home this year?  As shown in the chart below, the rate of home buying dropped during the Great Recession but has picked up pace in the last few years.