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...
Can your small business risk not having it? What kind of financial loss would your business face without its key employees? These employees are worth more than their salaries; their performance, professionalism, and character make your company what it is and provide the stability and predictability...
Recent court rulings may make you want to double-check. How often do retirement plan sponsors check up on 401(k)s? Some small businesses may not be prepared to benchmark processes and continuously look for and reject unacceptable investments. If your company offers a 401(k), here are some...
Supporting family can put a crimp in your financial strategy. Families are one of the great joys in life, and part of the love you show to your family is making sure that their needs are met. While that responsibility is to be expected from birth...
Values can help set goals and purpose. Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid of what their heirs may do with it. If a child comes from money and grows up knowing they can expect a sizable inheritance,...
Get the most out of your benefits. Social Security will be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source. When...
The case for aligning your portfolio with your outlook and worldview. Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have...
Having your information stolen could be costly. Many Americans have taken steps in recent years to protect their personal information, but savvy cybercrooks have overcome some of those defenses. A 2018 Javelin Research report found that identity theft hit an all-time high in 2017, affecting an...
What are the limits for donor-advised funds and private foundations? Among the big changes in the 2017 Tax Cuts and Jobs Act (TCJA) were new limits on standard and itemized deductions. These limits and restrictions created new hurdles when planning deductions with tax advantages in mind....
Breaking down the basics and what each part covers. Whether your 65th birthday is on the horizon or a while off yet, you should understand the parts of Medicare—what they cover and where they come from. Parts A and B: Original Medicare. Part A is hospital insurance....