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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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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Financial Plan = More Satisfied Customer

It’s not surprising that customers who have a financial plan tend to be more satisfied with their financial advisor than those who don’t have a plan
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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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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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457 contribution limits for 2021

Employees of state and local governments can stash the same amount of money in their 457 plans in 2021 as last year. Plus, those who are 50 and older can make “catch-up” contributions.
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