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Tips for Raising Financially Literate Children
Every parent wants the best for their children and strives to prepare them to lead a happy, healthy, and successful life. But, despite understanding the importance of financial responsibility, only 28 percent of parents speak to their...
Read MoreTransitioning to Medicare from Private Health Insurance Plans
Transitioning from Private Health Insurance Plans to MedicareAs you approach retirement age, you may be anticipating transitioning from your private insurance to Medicare, which is a federal health insurance program that provides...
Read MoreBrokerCheck: What it is and why it’s important.
When it comes to your financial plan, trust is paramount. Clients need to trust their advisor to manage their assets and to help them reach their financial goals. But how do you know if you can trust your advisor? One...
Read MoreRolling over a Roth 401(k) vs a Traditional 401(k)
The decision to rollover a 401(k) plan can have long-lasting implications for your financial future. Understanding the difference between rolling over a Roth 401(k) vs. a Traditional 401(k) is important to making the best choice...
Read MoreOptions for your 401(k) when changing jobs or being laid off.
It is important to know what options you have with respect to your 401(k) plan when changing jobs or being laid off. Here are a few common options:Roll the funds over to an IRA: You can choose to roll the funds over into an...
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Taking a loan from your 401(k).
Taking a loan from your 401(k) can be a convenient option if you need access to funds for a short-term financial need. However, it is important to understand the terms and implications of a 401(k) loan before making the decision...
Read MoreNet Unrealized Appreciation (NUA) what it is and how to take advantage of it after a layoff
Net Unrealized Appreciation (NUA) is a tax-advantage strategy that applies to certain employer sponsored retirement plans, such as a 401(k) or a pension plan. It refers to the difference between the cost basis of an employer...
Read MoreAfter-tax money in your 401(k) and what to do with it when rolling over your 401(k)
After-tax money in your 401(k) refers to contributions made to the plan that were taxed in the year they were earned, as opposed to contributions made with pre-tax dollars, which are taxed when they are withdrawn from the plan.When you...
Read MoreRestricted stock options and what to know before making a decision.
Restricted stock options are a type of equity-based compensation that companies offer to their employees. When an employee is granted restricted stock options, they have the right to purchase a specified number of the...
Read MoreHealth Savings Accounts (HSA)
A Health Savings Account (HSA) is a tax-advantaged savings account that is designed to help individuals save for future medical expenses. It is typically paired with a high deductible health insurance plan. Contributions to...
Read MoreNon-Qualified Stock Options: What they are, what to consider, and how to maximize them.
Non-Qualified Stock Options (NQSOs) are a type of stock option that are not eligible for favorable tax treatment. This means that the individual that receives the NQSO must pay ordinary income tax on the difference between the...
Read MoreNon-Qualified Deferred Compensation Plans
Non-Qualified Deferred Compensation Plans: What they are, what your options are, and what you can do with a NQDC plan in the event of a job change or layoff.A Non-Qualified Deferred Compensation (NQDC) plan is a type of retirement...
Read MoreLayoffs Happen
Losing your job can be a stressful and uncertain time, but it is important to take control of your finances and make informed decisions about your employer benefits. Here are a few steps you can take in the event of a...
Read MoreWhere to Put Excess Cash
According to the Investment Company Institute, near the end of 2022, there was more than $4.7 trillion in cash sitting in U.S. money market funds.1,2While cash can play a role in a diversified portfolio, historically, cash has not kept...
Read MoreTechnology Guide for Seniors
By 2040, the U.S. Census Bureau estimates that 80 million people in the U.S. will be age 65 or older.1 Most of these senior adults will either want to—or need to—"age in place," living in their homes securely, independently...
Read MoreLifetime Estate & Gift Tax Exemption Updates for 2023
In October 2022, the Internal Revenue Service (IRS) announced tax changes for 2023 — changes primarily driven, in part, by the current inflationary environment. For affluent couples or individuals interested in transferring...
Read MoreThe Challenge of Raising Non-Materialistic Kids
In today’s social media-obsessed world full of popular “influencers” targeting teens, pre-teens, and even younger groups, instilling values in your children and grandchildren about what really matters in life is more...
Read MoreContribution Limit Increases for 2023: Just What We Wanted to Hear
In late October, the IRS announced that it is increasing contribution limits to retirement savings accounts in 2023. The changes, like many you are seeing, are a direct result of months of high inflation and financial uncertainty, some...
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