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Top Tips to Walk Into 2022 With Confidence and Purpose

2021-12-03T19:21:14+00:00December 1, 2021|Blog, Family Financial Information, General Financial Planning, Lifestyle|

With 2022 just around the corner, thoughts of New Year’s resolutions begin to swirl across the country. Among the expected career and health goals, many individuals will resolve to improve their money management skills in the upcoming year. As the importance of financial education steadily grows, there’s no better time to start making deliberate and informed decisions about your finances than right now. But what decisions should you take into account? How will the current [...]

How To Make Charitable Giving a Family Tradition (And Why It’ll Bring You Closer)

2021-12-03T19:12:24+00:00November 15, 2021|Charitable Giving|

Traditions are a cornerstone of a family’s values. Not only do they act as a window into your family’s priorities, but also directly influence a child’s perspective growing up. A beautiful tradition to begin or nurture as a family is charitable giving.  Charitable giving comes in many colors, and there are several ways to give of your time, talents, and resources to causes you care about. Whether you donate canned foods to a food [...]

Fund the Dream or the Degree? How to Balance Saving for Retirement and College

2021-11-10T03:41:09+00:00November 1, 2021|College Planning|

These days, parents have several financial concerns. Between spending on day-to-day necessities and investing for the future, balancing your financial priorities today and tomorrow can be challenging. This balance becomes even more critical when considering saving for college and retirement. Can you save for both goals at the same time? Which should you prioritize? What strategies could bring clarity, purpose, and direction to the process? Today, we’ll uncover the answers to these questions and more.  [...]

PSLF Overhaul: What You Need to Know

2021-11-10T03:36:39+00:00October 20, 2021|Blog, College Planning, Family Financial Information|

In October 2021, the US Department of Education initiated an overhaul of the existing Public Service Loan Forgiveness program (PSLF). Per the US Department of Education: “The Department estimates that the limited waiver alone will help over 550,000 borrowers who had previously consolidated their loans see their progress toward PSLF grow automatically, with the average borrower receiving 23 additional payments. This includes approximately 22,000 borrowers who will be immediately eligible to have their federal student [...]

Roth IRAs Aren’t Just for Retirement, They Can Boost Your College Fund, Too

2021-11-10T03:36:12+00:00October 15, 2021|Blog, College Planning, Family Financial Information|

A Roth IRA for college planning can be an important strategy to help foot the education bill. When you think about saving for college, what’s the first thing that comes to mind (besides worrying that you’ll have enough)? The answer is likely 529 plans, as these are the most commonly discussed vehicles concerning college savings. But there are several other options to consider, like Roth IRAs. Although Roth IRAs are primarily known for retirement savings, [...]

5 Clear Cut Signs You Need to Consider A Roth Conversion

2021-11-10T03:35:44+00:00October 1, 2021|Blog, Investments, Retirement|

To do a Roth conversion or not to do a Roth conversion, that is the question.  A Roth conversion presents a strategic avenue for high-earners to take advantage of a Roth IRA while not contributing directly.  While Roth conversions grant increased access to this coveted account, there are several factors to consider before initiating a conversion. Let’s take a look at five telltale signs a conversion may or may not be a good move for [...]

Student Loan Debt Just Crossed $1.7 Trillion, How To Save Your Finances From This Startling Statistic

2021-09-01T16:41:42+00:00September 15, 2021|Blog, College Planning, Investments|

Earning a degree is often part of the “American Dream,” making it an accomplishment worth working toward. And while graduating from college is a collective dream, the cost of obtaining it can be somewhat of a nightmare. On average, earning an undergraduate degree results in about $36,510 in student loan debt. For those earning a master’s? That number nearly doubles to $71,318 (according to educationdata.org).  Keep in mind that the type of degree one earns [...]

How To Create A Family Budget You’ll Actually Want To Stick With

2021-09-01T16:30:24+00:00September 1, 2021|Blog, Cash Flow Analysis, Family Financial Information|

Budgeting is (for most people) a concept far easier said than done. Setting a budget is one thing, but sticking to it can feel tedious and limiting.  The snag is, building and following a budget serves as the foundation of solid family financial planning. If you know you should do it but haven’t had much luck in the past, the question remains:  How do I build a budget I’ll actually stick to? Thankfully, the answer [...]

The Powerful Estate Planning Checklist No New Parent Should Be Without

2021-09-01T16:41:50+00:00August 15, 2021|Blog, Estate Planning, Family Financial Information|

As you're knee-deep in nursery colors, registries, and picking out the perfect name for your new baby, your estate plan is likely at the bottom of your to-do list.  Growing families have a unique set of needs and considerations when it comes to their wealth. As strange as it may seem, having a plan for when you’re gone should be near the top of the list.  How will your money be distributed if you were [...]

4 Top Money Boundaries To Set With Your College-Bound Teen

2021-07-31T01:21:40+00:00August 1, 2021|Blog, College Planning, Family Financial Information, Financial Roadblocks|

As a parent of a college-bound teenager, you likely have a lot on your mind. How will they adjust to campus life? Will they find something they are passionate about? How much will it all cost? College doesn’t come cheap, and it isn’t just the University bill you have to worry about. You certainly want to avoid college credit cards gone wild. While you can’t be there at checkout with them, you could do something [...]

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