'Tis the Season! Just when it seems things can’t get any busier – December arrives. This month is typically loaded with family obligations, year-end business deadlines, and increased spending. This potent mix can wreak havoc on your budget and ultimately your ability to meet your own financial goals. To sleep a little easier this month and next,...
There's been talk about the possibility of the U.S. economy "going off a cliff" at the end of this calendar year. What is this "cliff" pundits are referring to? It's actually a possible culmination of a number of government tax and benefits changes scheduled to impact our economy simultaneously. Specifically, the Bush tax cuts and payroll tax cuts...
Does Long-Term Care Insurance break or protect the nest egg? It may seem a bit unusual to be examining insurance with a financial advisor, but looking at long term care insurance is a critical step in the retirement plan process. It is much easier discussing the risks potential health problems can pose to your retirement plan now, while you’re...
Learning to meet fiscal responsibility head on. It's hard to accumulate wealth when you shy away from the responsibility of making fiscal decisions or if the idea of money scares you. Unfortunately, this emotional attitude toward money stops many women in their financial tracks and keeps them from reaching their long-term goals.
What to do with too many eggs in one basket. What is a concentrated stock position? It is defined as holding one particular stock that comprises 30% or more of your overall investments or portfolio. You may wonder why this is an issue, particularly if you are saving for retirement or the long term.
The ABCs of FICO Credit Score Have you ever wondered why financial professionals make a fuss about credit/FICO scores? You may not think your credit score is a big deal, especially if your income is healthy; however, your income has nothing to do with your credit score. You can make a king’s ransom and have a poor credit score – or have a small...
Don’t leave any assets behind. With the region experiencing an uptick in employment recently, you may be exploring new job opportunities or beginning a new job. It’s important to remember to pack up your finances along with the personal items from your desk. You don’t want to leave assets behind unintentionally.
For many of us, the last page of the calendar is usually filled with professional and social obligations. The month of December is quickly approaching and signals the end of one year and the pending arrival of a new one; so it makes sense to set aside a few hours to firmly position your finances for the coming New Year and "tax season". Here are...
Save early and often. At a time when so many of our basic long-held beliefs regarding personal finance and the economy are shaken, there is one piece of advice still worth passing on to offspring and grandchildren, particularly recent and soon-to-be college graduates: save and contribute to 401(k)'s, Roth's, IRA's, and retirement plans at every...
There are ways to manage it. Natural disasters, European and US debt concerns, corporate personnel turnovers, credit downgrades, political turmoil in the Middle East, ever-changing domestic employment and housing figures – all of these factors have created a yo-yo effect on stock markets worldwide. It seems we need to continue to expect the...
