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Preparing For Retirement

We all like to fall into a routine when it comes to making monthly payments and purchases. The ability to stick to a budget is important in retirement, but there may be surprise expenses you might not have considered. For example, appliances like a washer and dryer never come to mind until the day they […]

Should You Refinance?

Perhaps you didn’t get around to refinancing your mortgage while rates were lower over the past few years. But over the summer, mortgage rates dropped again. In fact, the day after Great Britain voted itself out of the European Union, rates dropped as much as .125 percent. A primary factor in deciding whether to refinance […]

Spending Influences

Everyone has their own unique way of spending money. Even people who live in the same house or grew up under the same parental influences can turn out drastically different. Some people are minimalists while others simply like to buy stuff. A variety of factors can shape our values when it comes to spending and […]

Spending Influences

Everyone has their own unique way of spending money. Even people who live in the same house or grew up under the same parental influences can turn out drastically different. Some people are minimalists while others simply like to buy stuff. A variety of factors can shape our values when it comes to spending and […]

What’s the difference between a 401(k) and a pension plan?

The biggest difference between a 401(k) plan and a traditional pension plan is the distinction between a defined benefit plan and a defined contribution plan. Defined benefit plans, such as pensions, guarantee a given amount of monthly income in retirement and place the investment risk on the plan provider. Defined contribution plans, such as 401(k)s, […]

4 Steps to Building an Emergency Fund

Ben Franklin once declared, “A penny saved is a penny earned.” Yet, equally enlightening are his thoughts on expenses: “Beware of little expenses. A small leak will sink a great ship.” And there are plenty of “leaks” that can scuttle an already-tight budget. For instance, a spouse idled by the sour economy, a fender bender […]

Annuitizing the Inheritance: Tips and Tricks to Get It Right

Constructing a plan to transfer wealth to the next generation is a difficult task for any client who has given serious thought to the potential consequences of their estate planning strategy. Once the client crosses the first hurdle and decides who should inherit his or her assets, the more complex question of how that beneficiary […]

Take the Leap: How Does a 366-Day Year Affect Payroll?

Is it possible to have two leap years back to back? For HR and payroll professionals, the answer is yes with two anomalous payroll years in a row. With 27 pay periods in 2015 and 366 days in 2016, employers should review their payroll and employment tax practices, and communicate with employees about any potential […]

4 Tips for Financially Independent Women

Is there a meaningful difference in the way men and women consider money? There is, according to a study published in a recent issue of Social Indicators Research. Women associate money with love and emotion, according to the research, while men are twice as likely to link finances to independence and power. While the differences […]

Helpful Hints to Make Your Money Resolutions Stick

If your 2016 resolution is to spend less and save more, you’re not alone. A quarter of US consumers are making money-saving resolutions, according to Nielsen surveys. While everyone sets out with the best of intentions, the truth is that only eight percent of us are successful at achieving our New Year’s goals, according to […]