Wealth is painstakingly built but easily lost. Accidents, lawsuits, medical crises and other surprises can swiftly wipe out the most carefully laid financial plans. That’s why life, property/casualty and long-term-care…
AdvicePeriodMarch 23, 2022
Estate planning helps with financial peace of mind by protecting family assets and helping ensure they’re distributed according to your wishes, in addition to playing an important role in maintaining…
AdvicePeriodFebruary 17, 2022
Individuals who invest in tax-deferred retirement accounts will appreciate two recent changes to required minimum distribution (RMD) rules. First, legislation that was passed in 2019 changed the RMD age from…
AdvicePeriodFebruary 15, 2022
Financial scammers are as old as money itself, but they are continually adapting to changing times. For 2022, cybersecurity firm Norton Labs predicts that some of the top scams will…
AdvicePeriodJanuary 18, 2022
Donor-advised funds, which are increasingly popular vehicles for charitable and tax planning, could face new restrictions thanks to a recently introduced U.S. Senate bill. But even if the bill becomes…
AdvicePeriodDecember 6, 2021
When adults step in to help their aging parents, they can pay a steep cost, both financially and emotionally. But getting organized, enlisting help, and even redefining the work can…
AdvicePeriodNovember 15, 2021
The impact of the pandemic, along with current historically low tax rates, makes 2021 an opportune time to consider converting a traditional individual retirement account (IRA) to a Roth IRA.…
AdvicePeriodNovember 1, 2021
There’s a reason financial scammers so often prey on older people: Compared with the general population, they’re likely to have more money, to be more socially isolated, to suffer from…
AdvicePeriodAugust 26, 2021
Everyone knows that losing money hurts. Behavioral finance research suggests that the pain associated with loss is roughly twice as powerful emotionally as the pleasure connected to gains. It’s important…
AdvicePeriodMay 26, 2021
