A New Investment Account for the Disabled

This summer, states have begun rolling out a new type of investment account that is tailored to help families take care of children and adults with special needs. The ABLE account is a tax-advantaged vehicle for individuals with disabilities that will allow families to save without jeopardizing government benefits such as Supplemental Security Income and Medicaid.  Congress passed legislation back in 2014 that allowed states to create these accounts that share some of the same characteristics as the 529 college savings plans. The First ABLE Accounts The first four states to launch ABLE...
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8 Things to Know About the New College Borrowing Season

Education FundMost families end up borrowing to cover college costs. More than 70 percent of college students rely on loans when pursuing a...
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Are You Caught in the Middle?

Many clients today are caught in the “sandwich generation” where they are caring for elderly parents as well as their children. An important thing for these caregivers to remember is to care for themselves! As in the safety discussion on an airplane, you put on your own oxygen mask first. You can’t help anyone else when you don’t have enough oxygen yourself. Financially, this means that you need to prioritize your retirement and make sure that you have a plan in place for the 25-30 years you might well live in retirement without significant salary deposits. This may result in funding less...
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Having Second Thoughts About Social Security Payments

Hello I Am RetiredMost people don’t have second thoughts about their decision to claim their Social Security benefits.  Ninety percent of...
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Protecting Yourself Financially During a Divorce

Protecting Yourself Financially During a DivorceWhen a marriage ends in divorce the finances of the former spouses will often take a hit. Making mistakes during the breakup can make the financial penalty for divorcing even worse.  Here are eight common mistakes to avoid when married couples part ways: 1. Waging war. Emotions can be raw when couples split up and that can lead to the temptation to seek...
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Politics and Your Portfolio

At a time when political issues are front and center, what is the best way to approach investing? Should you make changes to your portfolio to minimize political risk? The race to determine who will be the next President of the United States is on and will dominate U.S. news at least until November. There is, as always, significant uncertainty about the outcome. Through polling, voters have expressed unprecedented levels of negativity towards both candidates. In addition, the uncertainty is not limited to this side of the Atlantic. A few weeks ago our political allies in the United Kingdom...
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Eight Tips for Beginning Investors

Beginning Investors' Piggy BankOne of the best ways to become financially secure in retirement is to develop solid financial habits early in life. Appreciating the need to begin investing at the start of a career is critical, as is making sure debt doesn’t get out of control. Here are eight things that young Americans can do to increase their chances of a secure retirement. Financial Tip No. 1: Start Saving Early The power of...
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What to Do If Your Email Is Hacked

Checklist of what to do if your email is hackedA hacked e-mail account is more than an annoyance - it can lead to identity theft and financial losses. If a compromise occurs, it is vital to take these timely steps. While we encourage working with a computer professional to evaluate and correct shortcomings, below is a list of corrective and preventative recommendations: 1. Change your password The first, and the most important step, is to change...
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Don’t Be an Investing Homebody

Stock share When it comes to investing, too many Americans are homebodies; they prefer to invest exclusively in companies based in the United States. This pronounced bias towards homegrown companies, however, can prevent investors from discovering promising opportunities elsewhere. Investing exclusively at home means foregoing roughly 47 percent of all globally available stocks. Here are five things you should know about investing overseas. 1....
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An Important Factor in Cutting College Costs

Graduation studentsWhen parents save for college, they assume that they will need to cover four years of expenses to pay for a bachelor’s degree. However, statistics show that most college students take longer than the traditional eight semesters to graduate. Here are the latest graduation rates from the U.S. Department of Education: Four-Year Graduation Rates Public colleges and universities:  33...
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