We’re continuing our education series with a closer look at Coverdell ESAs. Before 529 plans were expanded to include K-12 tuition, Coverdell ESAs were a popular way to save for both college and secondary education expenses. Coverdells have … [Read more...]
Roth conversions on sale
Chances are your IRA has a lower market value today than it did at the start of the year. No matter your age or retirement timeframe, this can be a hard pill to swallow. While the current market environment may only seem to bring negative thoughts of … [Read more...]
Focus on what you can control
On March 11th, 2020, the Dow Jones Industrial Average entered bear market territory for the first time in 11 years, followed by the S&P 500 and the Nasdaq the next day. A bear market is defined as a sustained period of downward trending stock … [Read more...]
Talking about money with your spouse
February – the month of love. This month, let’s switch gears from talking about divorce to talking about how to have productive conversations with your spouse about money. “Money Issues” is consistently named as one of the top causes for divorce, … [Read more...]
Education Savings Tools – how to choose a savings option
College is quickly becoming more and more expensive. As we plan for education costs, we’ve started to grow college expenses at a higher inflation rate than healthcare. Long gone are the days where you could work through school, avoid loans, and … [Read more...]
Resolve to make better decisions with money
New Year’s resolutions often address behavior changes such as exercise and diet. But your financial health has a big impact on your overall well-being. Here are four serious financial resolutions and one fun one to make in 2020. Make a plan to … [Read more...]
SECURE Act – How are you affected?
With the passing of the SECURE (Setting Every Community Up for Retirement Enhancement) Act at the end of December, you may be asking how or if this impacts your financial plan. A few of the bigger changes are highlighted below. Delays RMD age … [Read more...]
3 Ways to Save Money on the Divorce Process
It is no secret that getting a divorce can be an expensive process. In fact, according to Lawyers.com, the total costs for divorce in Tennessee usually run anywhere from $4,000 to $28,000. The total bill can be even higher for divorces that involve … [Read more...]
Are health savings accounts just what the doctor ordered?
Health savings accounts (HSAs) are the best savings and tax strategy in many years. Why? They are triple tax-free! How can that be, you ask? You do not pay income tax on the contribution to the HSA. If you invest the contributions and … [Read more...]
How should I be invested?
One of the most common questions advisors are asked is “How should I be invested?” and unfortunately, there isn’t a simple answer. Determining asset allocation is not a “one-size fits all” process nor should it be based solely on your age or … [Read more...]