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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, notifyvarious businesses and government agencies, settle the individual’s estate, and provide for your own financial security. The following checklist may help guide you…

Tax season may be behind you, but don’t stash away your tax return quite yet. It’s full of information that might help you improve your finances or make a difference in next year’s tax picture. Here are four things you could learn from reviewing your return. Are your retirement contributions on track? The W-2 you…

If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to save for retirement. Take money out of it now, and you’ll risk running out of money during retirement. You may…

Why is Medicaid planning important?Aging is inevitable, and a gradual (or not so gradual) inability to function independently is a great concern for many people. While the prospect of entering a nursing home is a daunting one, equally frightening is the expense of nursing home care. Although purchasing long-term care insurance might be the most…

In recent years, investors have had little respite from unsettling headlines.From the Covid pandemic to inflationary shocks, geopolitical tensions, and sharp market swings, it can feel as though we’re moving from one global crisis to the next with barely a moment to breathe.For those newly retired or on the cusp of a major life transition,…

When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes. A few words about transfer taxesThe federal government taxes transfers of wealth you make to others, both…

As the festive season unfolds, with markets buzzing, tills ringing, and the sound of Mariah Carey playing in almost every bar in the country, it’s easy to get caught up in the magic of the moment. But when it comes to investing the real value isn’t the short-term, one-off thrill – it’s about the long-term…

Most mutual funds are open ended, which means that the investment company can issue and redeem fund shares to meet investor demand. By contrast, closed-end funds issue a fixed number of shares in an initial public offering (IPO), and investors who want to purchase shares after the IPO must do so on a secondary market,…

Leaving a 401(k) at a former employer could shrink your nest egg. These steps could help protect your retirement and boost savings. Imagine retiring with $90,000 less in your nest egg—not because of a bad investment, but because you forgot about old 401(k) accounts from past jobs. In today’s job market, where career transitions are…

In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can help ensure that you’re prepared when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help…