What is a 401k and How Does it Work?

What is a 401k and How Does it Work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately, or defer receipt of a portion of that income to the plan. The amount you defer (called an “elective deferral” or “pre-tax contribution”) isn’t currently included in your income; it’s […]

Saving or Investing: Is There a Difference?

Saving or Investing: Is There a Difference? Financially speaking, the terms “saving” and “investing” are often used interchangeably. But the concepts behind these terms actually have some important differences. Understanding these differences and taking advantage of them may help you in working toward financial goals for you and your family.   Saving You may want […]

Tips for Caregivers

Tips for Caregivers Post important telephone numbers in case of emergency (e.g., physician, emergency services). Safeguard your parent’s home. Complete first-aid and CPR courses. Talk to your parent about the future; understand his or her wishes. Make sure your parent has a will, durable power of attorney, health-care proxy, and living will. Join a support […]

Death of a Family Member Checklist

Death of a Family Member Checklist Losing a loved one can be a difficult experience. Yet, during this time, you must complete a variety of tasks and make important financial decisions. You may need to make final arrangements, notify various businesses and government agencies, settle the individual’s estate, and provide for your own financial security. […]

Little Known IRA Facts You Can Use

Little Known IRA Facts You Can Use When it comes to IRAs, the tax rules get pretty complicated, to say the least. Here are five unusual IRA facts:   Military death benefits can be contributed to a Roth IRA: Help families of veterans with this one because it can make a big difference in their […]

New Reports Highlight Continuing Challenges for Social Security and Medicare

New Reports Highlight Continuing Challenges for Social Security and Medicare Most Americans will receive Social Security and Medicare benefits at some point in their lives. For this reason, workers and retirees are concerned about potential program shortfalls that could affect future benefits. Each year, the Trustees of the Social Security and Medicare Trust Funds release […]

Understanding Trusts

Understanding Trusts In recent years the public has been bombarded with a barrage of advertisements, brochures, and articles about trusts of all kinds, especially so-called living trusts. Some of the information offered for public consumption is misleading and some of it is simply false.   This brochure is offered as a public service to give […]

From The Heart Journal

From The Heart Journal This journal was created for the benefit of your family and loved ones. Use it to outline all aspects of your financial information, because it is important to leave a legacy. Download this form: FromTheHeart-Journal_

Portfolio Performance

Assessing Portfolio Performance: Choose Your Benchmarks Wisely You can’t help but hear about the frequent ups and downs of the Dow Jones Industrial Average or the S&P 500 index. The performance of both major indexes is widely reported and analyzed in detail by financial news outlets around the nation. Like the Dow, the S&P 500 […]

What is a Fiduciary...and Why Do I NEED One?

Generally two ways of obtaining financial advice: one is given by stockbrokers, and the other is given by Investment Advisors. While many investors aren’t even aware differences exist, one of the main differences is that investment advisors have a fiduciary duty to act in the best interests of their clients at all times.