5 Reasons to Consolidate Your Retirement Accounts

Do you have retirement plans from more than one employer? Or multiple IRAs? If so, it might be a good idea to consolidate your retirement accounts. Here are five reasons consolidating your retirement accounts makes sense. You could spend less on account fees. One of the best ways to increase your investment returns is to… Continue reading

Cybersecurity Best Practices During Times of Turmoil

During times of crisis, it’s natural to focus on what’s most important in life, such as your children, pets, health and finances. Data security may not be top of mind for you right now, and cyber criminals know it. While we are concentrating on other priorities, they are busy looking for opportunities to take advantage… Continue reading

A Grandparent’s Guide to 529 Plans

A four-year college education is expensive. Based on research by the College Board*, the published average annual cost of tuition and tuition fees for 2019-2020 at a four-year private college was $36,880. Tuition fees for in-state students at a four-year public school were on average $10,440 per year. Room and board are another charge. And… Continue reading

Financial Considerations before Remarriage

Financial Considerations Before Remarriage If you’re about to remarry, you’ve probably already made some major decisions together — such as how you introduced your families to each other or deciding where you will live. And that’s just the beginning. You and your new spouse will also have to work out a number of financial and… Continue reading

FAQs about RMDs

If you are age 72 or older, the Internal Revenue Service (IRS) may require that you withdraw a minimum amount from your retirement account(s) every year. This is called a required minimum distribution (RMD). Note: If you turned age 70 ½ prior to January 1, 2020, your RMDs are based on age 70 ½, not… Continue reading

Playing the Role of Caregiver and Money Manager

If you serve as a caregiver for a loved one, you likely have several responsibilities — nurse, cook and housekeeper, to name a few. But your loved one might also need assistance in managing their finances. If you find yourself in this position, your loved one may want to consider granting you “power of attorney”… Continue reading

How Your Personality Affects Your Investments

What words come to mind when you think about your personality traits? Impulsive? Confident? Organized? Now think about how you make investing decisions. Would the same words apply? Certain psychological traits can influence your investment decisions — often at the expense of logic. The result could be investment returns that don’t match your expectations. Consider… Continue reading