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How To Reduce Stress When Planning and Saving For College

2022-04-26T21:21:19+00:00March 15, 2022|College Planning|

If parents could describe college planning in one word, it would be Stressful! Parents have so many questions swirling in their minds, like How much does it actually cost?  Where will my child go to school?  How early should I start saving?  Am I capable of paying the entire cost without uprooting my own financial goals?  Is my child aware of the financial implications of student loans? Fortunately, hope is not lost! With a sound [...]

Why You Need More Than a Robo-Adviser

2022-03-10T18:41:45+00:00March 10, 2022|Blog, Investments|

As technology for robots and artificial intelligence become more sophisticated, it starts to have a universal place in society’s daily functions—and finance is no exception.  By now, you’ve likely heard of “Robo-advisors,” which are online investing platforms that use computer-generated algorithms to create strategies and manage your money.  Most Robo-advisors are entirely automated, but some also offer access to human assistance. These platforms provide simple portfolio management with little human interaction at rock-bottom prices.  This [...]

This One Simple Tool May Be The Key To Save Your Retirement Plan

2022-03-10T18:43:48+00:00March 1, 2022|Blog|

At first glance, retirement planning can seem quantifiable and formulaic. You map your retirement lifestyle, create a diversified portfolio aligned with your income needs, plan for healthcare, build a cash flow plan, establish wealth protections, and so on.   But if retirement planning is conventional and cut and dry, what derails so many people from retiring happily? If retirement planning could be as simple as checking the boxes, we would have several more people prepared for [...]

The 7 Most Common Errors On Your 2021 Tax Return and How to Avoid Them

2022-02-16T16:18:59+00:00February 16, 2022|Blog, Taxes|

The dawn of 2022 brings opportunities to create new resolutions and financial goals—and it also marks the beginning of tax season. While tax day on April 18th can seem far away, this year’s deadline will be here before you know it. As you start gathering your tax documents and completing your return, we've compiled a list of the most common filing errors to look out for and avoid.  Whether you hire a professional or go [...]

Say Goodbye To The EFC and Hello To Its Replacement, Student Aid Index

2022-02-01T22:23:33+00:00February 15, 2022|Blog, College Planning|

Applying for college is a daunting task, and figuring out how you will pay for it can be downright confusing. Your mind is likely spinning with questions like,  How much does it actually cost?  What do I currently have saved up?  How will my income impact financial aid?  Will my child be eligible for any scholarships or grants?  Will they need to take out federal loans? The government is changing how you calculate your child’s [...]

Should You Open A Roth IRA for Your Kids?

2022-02-01T22:11:58+00:00February 1, 2022|Blog, Family Financial Information, Investments|

While most commonly used as a tax-efficient way to save for retirement, Roth IRAs have some unique traits that make them appealing to investors with many financial goals. In particular, opening Roth IRAs for your minor children may help them get a jumpstart on their financial future. Wait, you can open a Roth IRA for your kids? That’s right!  Investing in a Roth IRA for your kids may open up some critical future opportunities—far more [...]

How Important Are Standardized Test Scores for College Admission?

2022-01-17T13:27:01+00:00January 15, 2022|Blog, College Planning, Family Financial Information|

Institutions have long used standardized tests to measure students' competency in specific subject areas. Some of the more common areas consist of language, math, science, logic, and reasoning.  Students of all ages have come across these tests. From Common Core in elementary school to the ACT and SAT in high school, educators continuously use standardized tests to evaluate students’ intellect.  ACT and SAT scores have been synonymous with college applications for years. These tests leave [...]

The True Impact Your Emotions Have On Money (And It May Surprise You)

2022-01-10T22:16:44+00:00January 10, 2022|Blog, Financial Planning Psychology, General Financial Planning|

Think back to the last time you purchased something—the holidays are just barely in the rearview mirror, so maybe pick something from this past season.  Now ask yourself: why did you buy it? It’s likely your answer has something to do with making the recipient happy or bringing joy to someone else.  If so, you bought that item to fulfill or inspire an emotion—and unsurprisingly, that’s the underlying motivation for most people’s buying decisions in [...]

5 Financial Goals To Start The New Year Off Right

2022-01-10T22:22:10+00:00January 1, 2022|Blog, General Financial Planning, Lifestyle|

The new year glistens with hope, promise, and excitement. It opens the door for new beginnings and a chance to grow. It's also an excellent time to take a look at your financial plan. What are you excited to accomplish this year? How can you maximize the resources that put you on a path to live your ideal life? Here are five financial goals to help get you started. Goal 1: Commit To (Extra) Retirement [...]

5 Creative Ways to Avoid the Gift Tax (Including Paying for College)

2021-12-03T19:26:10+00:00December 15, 2021|Blog, Charitable Giving, College Planning, Taxes|

We’ve officially entered perhaps the highest spending month of the year! In fact, Christmas celebrations are expected to cost 17% more this year when compared to 2019 (you can thank COVID-19 and inflation for that lump of coal).  Despite being “the happiest time of the year,” gifters should beware of another type of Grinch, the gift tax. Giving to others doesn’t have to result in paying extra for your generosity, but how do you give [...]

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