Financial education
Set It and Forget It. Why You Should Automate Your Savings.
Chances are that you or someone you love has experienced a loss of income since the onset of Covid-19 in America. There is no better time to get a clear view of your finances, set your financial goals, and make a plan to achieve them. We suggest …
Financial education
Understanding and Improving Your Credit Score
Your credit health plays a big role in your financial future. Strong credit health can help you qualify for loans with low interest rates, saving hundreds or even thousands of dollars in the long run. On the flip side, poor credit health …
Financial education
Get Serious About Saving for College
With college fees increasing every year, it has become impossible for the average parent to pay their child’s tuition entirely on their own. Making smart saving decisions will at least help you cover a larger part of the fees while keeping your …
Financial education
Beginner’s Guide to Saving for Retirement
Many young people would like to begin investing and saving for retirement but aren’t sure where to start. Whether you’ve just received your diploma, started your career or you’re ready to invest in a retirement account, we’ve created a guide to help …
Financial education
Attention Married Couples. Learn About Spousal IRAs.
What Is a Spousal IRA? A spousal IRA is a retirement strategy that allows a working spouse to contribute to an individual retirement account (IRA) that is in the name of a non-working spouse with no income or very little income. This is …
Financial education
IRA, 401(k) Limits Status Quo for 2021, Income Level Maximums Rise
There's good news and bad news from the IRS for Americans saving for retirement with IRAs, 401(k)s, and other retirement accounts in 2021. Let's start with the bad news: Contribution limits won't go up next year. And now the good …
Financial education
New Fraud Reporting Platform for Consumers: ReportFraud.ftc.gov
The Federal Trade Commission has launched a new website, ReportFraud.ftc.gov, where consumers can easily report fraud and all other consumer issues directly to the FTC. “Every time you report scams or bad business practices to the FTC, you’re …
Financial education
New Law Changes Payout Timeframe for IRA Beneficiaries
The SECURE Act ends the stretch IRA. Under the now “old rules” (before 2020), an individual designated beneficiary could extend post-death “stretch IRA” required minimum distributions over his lifetime. A young grandchild might have a 70-year payout …