As the weather turns cooler and leaves begin to fall, workers often have a few weeks to revisit their choices in employee benefit plans. The annual open enrollment period typically occurs in October or November and raises important questions regarding next year’s benefits, including decisions about retirement contributions.Read More »
Contribute to 529 plans–it’s never too early or too late to start putting money away for a child’s college education. The education days will be here sooner than you think and likely more expensive than you were planning on! 529 contributions are not limited to parents; this is for grandparents, aunts, uncles or anyone with interest in helping provide the means necessary for a child’s higher education.
Congratulations, you have been selected for an audit! Those words are as likely as any to cause terror in the unlucky individual who reads them. The IRS may not phrase an invitation to participate in an audit exactly that way, but the gist is unmistakable: You are about to undergo an official examination of your tax return for at least one filing year. What should you do?Read More »
One of the most common financial myths is that estate planning is only relevant for individuals and families with high net worth. In reality, nothing could be farther from the truth. Everyone needs an estate plan, even if the estate is a modest one.Read More »
While the idea of a family office has been around for quite some time, you might assume it’s a service more appropriate for the Bezos and Buffet families than yours. That was true in earlier years, but more and more families are discovering that a family office can prove useful for households that are merely well-off rather than truly wealthy.Read More »
Most of us grew up receiving long lectures from our parents about the importance of budgeting and saving money. But how many of us were actually taught to prepare and properly adjust a budget to our financial needs?
In today’s DIY-dominated world, more and more “things” can be completed with a nail gun, a gallon of paint, recycled wood and an extra hour of free time. These may not be the exact ingredients in the recipe to reduce your overall spending, but the DIY mentality can certainly be applied! Here are a handful of easy, do-it-yourself, non-lifestyle changing tips to help you live a more financially-balanced life.
“The best things in life are free. The second best are very expensive.” – Coco Chanel