Pay Yourself First
Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most-basic tenets of sound investing involves [...]
Is a SEP-IRA Right for Your Business?
If you're like many small business owners, running your own business is an all-consuming endeavor. In the face of everyday demands, choosing a retirement plan for your business can become a casualty. The idea of establishing a [...]
The SECURE Act
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to [...]
Term vs. Permanent Life Insurance
According to industry experts, most people don't have enough life insurance. LIMRA, which keeps close tabs on the industry, recently reported that average coverage equals $163,000, which is equivalent to approximately 3.5 years in terms of income [...]
Perspectives: Winter 2020 Edition
Perspectives: Winter 2020 Edition As temperatures drop and hearths blaze with the year’s first fire, our thoughts turn to the end of one decade and the start of another. After all, gentle ends and hopeful beginnings [...]
New IRS Contribution Limits: Changes for 2020
The IRS just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. Next year, you can put up to $6,000 in any [...]
How the Federal Reserve Works
Have you ever taken a close look at paper money? Each U.S. bill has the words “Federal Reserve Note” imprinted across the top.1 But many individuals may not know why the bill is issued by the Federal [...]
Succeeding at Business Succession
According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan.1 While the number may shock you, it is [...]
Year-End Charitable Gifting and You
Are you making charitable donations at year’s end? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to both you and your [...]
Buying vs. Leasing a Car
Some people approach buying a car like they approach marriage, “‘til death do us part.” Others prefer to keep their options open, trading in every few years for the latest make and model, the most cutting-edge technology, [...]