Tax Moves to Consider in Summer

Now is a Good Time to Think About a Few Financial Matters   Consider making tax moves earlier rather than later. If you own a business, earn significant investment income, are recently married or divorced, or have a Flexible Savings Account (FSA), you may want to work on your...

Helping Your Parents Manage Financial Tasks

How can you make things easier on them later in life?   Worldwide, the number of people aged 60 and older is growing. By 2050, this demographic will be more than twice as large as it was in 2015.¹ Some of these seniors could face a financial test. Will...

Long-Term Investing Truths

Key lessons for retirement savers.  You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others, you glean along the way.    First and foremost, you learn to shut out much of the “noise.”...

Why Medicare Should Be Part of Your Retirement Planning

The premiums and coverage vary, and you must realize the differences.   Medicare takes a little time to understand. As you approach age 65, familiarize yourself with its coverage options and their costs and limitations. Certain features of Medicare can affect health care costs and coverage. Some retirees may...

IRA Withdrawals That Escape the 10% Penalty

The list of these options has grown.   An IRA, or Individual Retirement Account, is a tax-advantaged savings account that is subject to special rules regarding contributions and withdrawals. One of the central rules of IRAs is that withdrawals prior to age 59½ are generally subject to a tax...

Your Emergency Fund: How Much is Enough?

An emergency fund may help alleviate the stress associated with a financial crisis.   Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you’re...