June 19, 2017 Health Savings Accounts: FAQ's
Thanks to their flexibility and tax benefits, health savings accounts (HSAs) are emerging as a popular savings method for covering current out-of-pocket health care costs, as well as qualified medical expenses in retirement. Changes in the health care marketplace, rising medical costs, and the tax advantages that accounts offer make them an attractive planning tool for many individuals covered by high-deductible health plans (HDHPs).Read more
May 17, 2017 Protecting Your Personal Email Account
Your personal e-mail account is a potential treasure trove for cyber criminals, as it likely contains communications between you and your financial advisor, as well as e-mails from other financial institutions and organizations you do business with. A clever thief could potentially use that information to impersonate you and steal your hard-earned money or even your identity.Read more
March 22, 2017 Kiddie Tax
The IRS’s kiddie tax rules limit parents’ ability to transfer investment assets to a minor child in order to take advantage of the child’s lower marginal tax bracket.Read more
March 22, 2017 Who Moved My Wealth?
We are in the midst of a significant intergenerational transfer of wealth, as trillions of dollars are being passed from aging parents to their baby-boomer children. But there is a second, significant movement of money that no one is talking about. That wealth won’t go to the heirs but rather to the health care system—specifically, caregivers, assisted living facilities, and nursing homes.Read more
Jan. 24, 2017 Buying Insurance: What Savvy Customers Should Know
You're ready to buy an insurance policy, but you feel a bit uneasy embarking into the insurance world. After all, the language can be technical, and you're wary of insurance agents throwing sales pitches at you. Whether you're buying an auto policy, a homeowners policy, a life insurance policy, or some other type of policy, here are some general tips to help you tread the insurance waters.Read more
Jan. 24, 2017 Test Your Knowledge of Financial Basics
How well do you understand personal finance? The following brief quiz can help you gauge your knowledge of a few basics. In the answer section, you'll find details to help you learn more.
41% of American households do not have enough money in a liquid savings vehicle to cover a $2,000 expense.Read more