You're probably aware of the importance of having enough life insurance to cover expenses if you were to pass unexpectedly. If that happened, would your family be taken care of? Sometimes, a simple benchmark of 10x your salary is sufficient. A better approach might be a "needs analysis" which looks at your family's most important goals and obligations. Here are some things to consider when looking at life insurance through a needs analysis.
If you are expecting to receive a refund on your taxes this year, what are you planning to do with it? In the past, the average refund was around $3,000, but that number may change due to the new tax laws. If you get a refund, consider using it to bolster your personal balance sheet. Here are ten good things you could do with the money.
By Matt Ahrens, CIMA®
When I started in the financial services industry in 2007, I knew it was important to start saving for retirement. In high school I sat through presentations and classes where we discussed the growth potential of putting money away early thanks to the power of compounding. The thought of having a million dollars at retirement is powerful on any 18-year-old—think of all the cool stuff I could buy if I had a million dollars!
Investing can be stressful, but it doesn't have to be. If you have a portfolio that was built for you and use the help of a financial advisor, you shouldn't be too worried about volatility and financial news.
Here are a few tips to help you invest wisely, and stay sane at the same time.
The deductibility of charitable donations has been severely impacted by the Tax Cuts and Jobs Act of 2017. Some people argue that it will discourage charitable giving due to the higher thresholds that you'll need to cross before a tax benefit kicks in. However, there is ONE METHOD that allows you to donate while still enjoying positive tax benefits.
Did you set any New Year's resolutions for 2019? If you haven't, it's never too late to do so! Eating healthier, exercising more, and losing weight are the big ones, but shouldn't your finances be a priority, too? So, what should you focus on? Here are 10 items that should be on your financial checklist for 2019! Everything from budgeting to retirement plan contributions is here and the more you can knock out, the better your financial picture in 2019 will look!