Nine Steps to Raising Money-Smart Kids
Tuesday, 26 May 2020
presented by Doble LeBranti Financial Group
CARES Act and 2020 RMDs
Sunday, 17 May 2020
presented by Doble LeBranti Financial Group
Our country is in an unprecedented state because of the COVID-19 virus, resulting in hardships for many individuals and families. In response, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides tax and retirement relief to affected individuals. Some provisions apply to everyone; others require certain requirements to be satisfied. Here’s what you need to know about the new legislation.
Post-Divorce Tips
Monday, 11 May 2020
presented by Doble LeBranti Financial Group
If you’re recently divorced, it’s normal to worry about your financial situation. Settling into a new financial life will take time, but here are some tips that may help.
Benefits of a Spousal IRA
Wednesday, 29 April 2020
Stay-at-home spouse? Consider a Spousal IRA
For couples with one wage earner, there is often a savings gap between the working and non-working spouse. In many cases, women have lower retirement savings balances than men. Though there may be multiple reasons for this disparity, the most fundamental are the wage gap between men and women and the fact that women are more likely than men to take time off to care for children and other family members.1
A spousal IRA — funded for a spouse who earns little or no income — offers an opportunity to help keep the retirement savings of both spouses on track. It also offers a larger potential tax deduction than a single IRA. A spousal IRA is not necessarily a separate account — it could be the same IRA that the non-working spouse contributed to while working. Rather, the term refers to IRS rules that allow a married couple to fund separate IRA accounts for each spouse based on the couple’s joint income.
Will vs. Trust: Knowing the Difference
Thursday, 16 April 2020
Wills and trusts are common documents used in estate planning. While each can help in the distribution of assets at death, there are important differences between the two.
What Is a Will? A last will and testament is a legal document that lets you direct how your property will be dispersed (among other things) when you die. It becomes effective only after your death. It also allows you to name a personal representative (executor) as the legal representative who will carry out your wishes.
What Is a Trust? A trust is a legal relationship in which you, the grantor or trustor, set up a trust, which holds property managed by a trustee for the benefit of another, the beneficiary. A revocable living trust is the type of trust used most often as part of a basic estate plan. "Revocable" means you can make changes to the trust or even revoke it at any time.
A living trust is created while you're living and takes effect immediately. You may transfer title or ownership of assets, such as a house, boat, automobile, jewelry, or investments, to the trust. You can add assets to the trust and remove assets thereafter.
How Do They Compare?
Dimensional On: Recent Market Volatility
Why investors should view recent market declines as part of the nature of investing
A Transformed Investor's Reaction to the Coronavirus
Tuesday, 24 March 2020
by Dave Goetsch, Executive Producer, The Big Bang Theory
Television producer Dave Goetsch reflects on coronavirus and its implications for long-term investors.
The news is full of stories about the coronavirus. It’s scary. My 10-year-old son came home from school today worried about it. We don’t know how many people this will infect, nor how it will impact the world economy. This is exactly the kind of thing that would have freaked me out 20 years ago, spiked my blood pressure, and made me glad that all my money was in cash.
Back then, I would have seen this story as yet another piece of evidence for why I chose not to invest in stocks. Because I couldn’t predict the future. “Why invest when you don’t know what is going to happen tomorrow?” I would ask no one in particular.
Market Volatility and Your Investing Strategy
Thursday, 05 March 2020
Fluctuations in your investment accounts can stir up negative emotions, making you want to hit the panic button. But in turbulent times, it’s more important than ever to remain calm and stay on course toward your long-term retirement savings goals.
Prioritizing Your Financial Health in the New Year
Thursday, 30 January 2020
Presented by Rich LeBranti
It’s that time of year when many people set goals with the hope of changing their lives in the months to come. Some may set their sights on losing a significant amount of weight or training for a marathon, while others may want to spend more time with family or other loved ones. Whatever your plans, consider adding a few of the financial changes described below to your resolution list, too, to help you turn 2020 into an even better year.
Pay Down Debt
Having debt is normal, but having too much debt, particularly as your credit card statement start flowing in after the holidays, can quickly become overwhelming. As you start the year, make a plan to pay off the debts with the highest interest rates first. Also, it’s always wise to pay more than the minimum payment. If you’re financially able to pay a bit more than the monthly amount due on your mortgage, car loan, or other debt, do so. You’ll pay off your debt faster and save more on interest in the long run.
Increase Your Savings
Now that we’re exiting the season of “spend, spend, spend,” it’s time to focus on saving. Perhaps you’d like to save for a dream vacation, a down payment for a new home, or an emergency fund to cover the unexpected. By setting a goal and outlining a timeline and strategy for reaching it, you’ll find it easier to achieve your desired result.
Nutritionist's Passion for Healthy Eating Inspires New Business
Tuesday, 28 January 2020
Malina Malkani is a registered dietitian nutritionist (RDN) with a Master of Science in Clinical Nutrition. Read about how she became inpired to share her knowledge and love of a healthy lifestyle with her friends, family, and eventually everyone else!
