Posted on 11/28/2017 10:07 AM By Molly Sebold
The wise investor has a wide and diverse portfolio. There are many complexities to investments, and you need to be aware and engaged with every decision and factor that can affect your portfolio and holdings. Taxes play no small role in this. Risk-averse investors will tend to hold much of their portfolios in "income investments," which are investments with less emphasis on growth in value and more of a focus on paid interest or dividends. However, just because this investment is risk-averse, it doesn’t mean it is risk-free. It’s important to be aware of the different tax treatments when managing your income investments.
Posted on 9/22/2017 8:23 AM By Molly Sebold
Two-thirds of baby boomers are expected to receive a significant inheritance in their lifetime. Moreover, the Boomers themselves are expected to pass down a staggering $30 trillion in assets in the next few decades to their children and grandchildren. Most inheritances are passed down when a loved one dies, so receipt often triggers mixed emotions and feelings. In addition to the emotional piece, an inheritance typically introduces additional financial complexity and new challenges, as well as significant planning opportunities.
Posted on 2/21/2017 8:03 AM By Molly Sebold
It is never too early to start thinking about saving for your child or grandchild’s college education. There are many benefits to starting to save when the beneficiaries are young. The U.S. government allows for tax-advantaged ways for benefactors to help pay for college expenses in the form of a 529 savings plan. 529 plans are administered by each state or educational institution and can vary in terms of features, restrictions, incentives and investments.
Posted on 9/12/2016 5:45 AM By Molly Sebold
Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American workers. It found that 51% of us plan to work part-time once retired. Moreover, 64% of workers 60 and older wanted to work at least a little after 65 and 18% had no intention of retiring.
Posted on 6/20/2016 7:37 AM By Molly Sebold
If you’re new to the investment world and the industry-specific terms you often read or hear about, try this handy glossary. Keep in mind that building wealth typically requires more than just knowing the lingo and major investment concepts. It takes discipline, time and often a partnership with your investment advisor.
Posted on 3/31/2016 8:42 AM By Molly Sebold
Will Social Security run out of money in the 2030s? For years, Americans have been warned about that possibility. Those warnings, however, assume that no action will be taken to address Social Security’s financial challenges.
Posted on 3/9/2016 6:50 AM By Molly Sebold
If you diversify your portfolio this year by purchasing stock in certain small businesses, you may enjoy extra tax perks due to the PATH (Protecting Americans from Tax Hikes) Act.
Posted on 12/23/2015 11:03 AM By Molly Sebold
The new budget deal recently signed into law surprised many by putting an end to two popular Social Security claiming strategies: File-and-Suspend and Restricted Application. These strategies allowed individuals to claim benefits based on another income earner or choose which benefit they wished to collect. The new law affects spouses, ex-spouses, and dependents.
Posted on 8/13/2015 2:32 PM By Molly Sebold
Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving.
Posted on 12/31/2012 9:02 AM By Molly Sebold
Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible. Some people delay benefits, using their retirement savings and other income as an income source during the delay years. Others apply out of necessity; their financial situation leaves them little choice. These factors aside, what if you have a choice? If you wait a few years to apply for Social Security, how much more income might you realize?