Financial Decisions

Estate planning you should be doing and when you need to be doing it

After finally getting around to updating my life insurance policy since my second daughter was born, and shaming my husband into getting more organized (thank you!), I realized it was time to take a look at my broader estate plan. “Estate plan” sounds so official. Yes, there’s the big, adult-sounding things like an advance directive, will and power of attorney, but it’s also the things we need to access every day, like updated passwords, lists of accounts we use most frequently and how to access them, important contacts and other necessary details and documents organized and shared with the right people.
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After-Tax Balance Rules for Retirement Accounts

The advantage of accumulating after-tax assets in a retirement account is that when they are distributed, the amounts will be tax- and penalty-free. However, this benefit is realized only if the necessary steps are taken.
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Retirement Account: Pros and Cons of Naming a Trust as a Beneficiary

Qualified retirement savings accounts are a great way to build a retirement nest egg. But what happens to the money in the account if the account holder passes away?
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What Is the Difference Between Hedging and Speculation?

Speculators and hedgers are different terms that describe traders and investors. Learn more about the differences here.
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Uncle Sam gave you a refund? Consider these smart money moves

Many Americans often look forward to receiving a tax refund. But before splurging on a dinner out or a weekend getaway, consider these steps to put your tax refund to work this year, setting yourself and your family up for long-term financial success.
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Everything you’ve ever wanted to know about a hardship withdrawal

If you ever find yourself having to consider a hardship withdrawal from your retirement account, here's some important information to be armed with to help you make the right choices.
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A guide to the softer side of estate planning

There are many other important parts of an estate plan that may be forgotten along the way. Here is the "softer side" of estate planning.
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Consider making your child’s future education costs a priority

Investing in your child's education now could help prepare you for those expenses later by saving in a 529 College Savings Plan.
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How much money should we be saving?

We are constantly trying to keep up with someone else. But when it comes to saving money, how much should you actually be saving?
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1/3 of Americans would rather change diapers than manage finances

Managing our own money doesn't necessarily top our respective list of things we enjoy doing with our time. But doing so is easier than you might expect. Here are a few simple steps to getting on top of your finance.
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4 financial steps to consider before you start a family

Deciding to start a family is one of the most exciting and life-changing decisions a couple can make. All too often, couples get caught up in the rush to decorate and stock up on baby supplies at the expense of prioritizing essential financial planning considerations.
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Explaining financial plans and why you need one

A clear understanding of personal expenditures and savings rates is essential for securing a strong financial future. A financial plan can help everyone from the extraordinarily wealthy to those struggling to make ends meet.
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Reasons to save in a 401k or similar employer-sponsored plan

Investing in your employer sponsored retirement plan may provide an opportunity for savings.
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How to make your income tax refund go further (infographic)

Tempted to spend your tax refund? Instead, consider putting it towards your emergency fund or saving it to pay yourself back in the future.
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Empty your nest, not your savings: 5 tips when saving for college

Building a healthier financial life, means striking a balance between living for today, while preparing for tomorrow.
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Big dreams start with small steps: 5 tips when saving for a home

Building a healthier financial life, means striking a balance between living for today, while preparing for tomorrow. 
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How to organize your finances when purchasing a new car

You think you're ready to buy a new vehicle — perhaps your dream car, truck, or SUV.
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Pandemic playbook: 7 step checklist to improve your finances in quarantine

The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease.
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Financial anxiety: Why we experience it and how to cope

Financial anxiety is more common than you might think. Here are ways to manage your money stress and take active steps towards bringing more peace into your financial life.
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Don’t make these 5 personal finance missteps as newlyweds

When you are a newlywed, you enter into brand new territory. Your life – including your financial one – becomes connected to another person
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What to know before buying a home

Want to buy a home? With interest rates still near record lows, you're not alone.
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Saving for college and on your taxes: Understanding 529 plans

Do you know what a 529 plan is? Do you know how to use it?
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