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Thursday, May 2, 2024

May 29th marks the nationwide celebration of 529 Day, an opportunity to highlight the many benefits of 529 college savings plans. As higher education costs continue to soar, many parents find themselves faced with the nagging question,...

Wednesday, May 1, 2024

Financial wellness is easier to work toward when a business owner understands their economic outlook and has set financial goals to take them through the next 5 to 10 years.2 Striving toward financial wellness is vital for any small...

Wednesday, May 1, 2024

Veterans and military members have access to various investment options, some of which are not offered to the general population. Managing investments depends on individual goals, risk tolerance, and financial situation. Here are some...

Wednesday, May 1, 2024

Investing is an essential tool for building wealth and independence. For some, investing may seem confusing or frustrating due to the perceived risk and complex products. While investing may initially seem intimidating, it's vital to...

Wednesday, April 3, 2024

The federal income tax filing deadline isn’t until April. However, the start of tax season is nearly upon us. Here are some tips for navigating the tax filing process to help lessen some of the stress you may feel as Tax Day arrives. ·...

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Wednesday, April 3, 2024

Regardless of what you do or how much you earn, you deal with money on a daily basis. The more you understand about finances, the more effectively you will be able to manage yours. Yet, many people lack financial literacy skills. One...

Wednesday, April 3, 2024

Financial literacy is crucial, not only for adults but for everyone in the family. When you have a good foundation of financial literacy, you will have a greater understanding of money and prepare yourself for a brighter financial...

Wednesday, April 3, 2024

Twenty-one U.S. states, including Kentucky, Texas, and Virginia, require public schools to provide high school students with financial literacy courses.1 But even among the school systems that provide general financial education to...

Monday, March 18, 2024

The average American worker will change jobs more than once in their lifetime. While there are multiple options such as leaving your 401(k) in your former plan if allowed, cashing out the account balance, or transferring the 401(k),...

Monday, March 11, 2024

There are two things Americans have always looked forward to: going to the ballpark for the big game and retiring after a fulfilling career. Interestingly, baseball and retirement planning have several aspects in common.   Taking...

Friday, March 1, 2024

The ability to enjoy our golden years is the same as the ability to be happy People say things like, “When I retire, I am going to be happy,” or “When I don’t have to work anymore, I will be happy.” The...

Friday, February 23, 2024

Life today is expensive, and contributing to a retirement plan is more beneficial than ever. Recently, the IRS announced it was raising the contribution limit for 401(k)s to $23,000 for 2024, up from $22,500. In a world where pensions...

Thursday, February 1, 2024

The Super Bowl is more than just a game. It's an American holiday. As you prepare for this fun day, you may also want to think about how to create "big wins'' in your investment strategy. Get ready for Super Bowl Sunday by checking out...

Thursday, February 1, 2024

In the world of investing, risk and reward go hand-in-hand. To help manage risk and reward, investors often utilize a portfolio diversification strategy that mitigates risk while working toward accumulation across asset classes....

Thursday, February 1, 2024

When filing your income taxes, each taxpayer is different. Some prefer reducing the taxes they owe and getting the most significant possible refund, while others work to keep the taxes they pay as low as legally required. The IRS...

Thursday, February 1, 2024

Three science-backed avenues to retirement enrichment and fulfillment Retirement is often idealized as a serene period of well-deserved rest and leisure. Yet, while the respite from a career's demands is welcome, retirees soon find...

Tuesday, January 2, 2024

Financial wellness is a state of being when one is in control of their finances, can cover expenses, and save for future goals. Consider financial wellness as your relationship with money; it can be either healthy or unhealthy....

Tuesday, January 2, 2024

For many people, a new year provides a new start—and nothing says "new start" like a fresh new set of financial goals. But setting these goals is easier said than done. What steps should you take to get the most bang for your...

Tuesday, January 2, 2024

Change may be difficult, especially when you try to change your financial habits. The process might be easier if you take an incremental approach. Do you want to get on top of your finances this year? Are you looking for ways to...

Tuesday, January 2, 2024

Financial wellness is easier to work toward when a business owner understands their economic outlook and has set financial goals to take them through the next 5 to 10 years.2 Striving toward financial wellness is vital for any small...

Friday, December 15, 2023

At LPL Research, we believe markets in 2024 will make a definitive turn to a more recognizable place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is going down. The risk of a recession is...

Friday, December 1, 2023

The average family spends an extra $1,000 or more during the holiday season. From gifts and travel to dinners, shows, and decorations, each purchase adds up.1 How might you take full advantage of holiday cheer while avoiding...

Friday, December 1, 2023

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over 12...

Friday, December 1, 2023

A 401(k) plan is one of the most popular and effective techniques for saving for your retirement. A company will automatically withdraw and contribute money from each paycheck to your 401(k) plan. Some employers will even match a...

Friday, December 1, 2023

You may donate money to charitable organizations throughout the year, for no other reason than your heart-felt desire to support causes that you care about. But if philanthropy is important to you, keep in mind that the associated tax...

Friday, December 1, 2023

If one of your New Year's resolutions involves enhancing and expanding your investment portfolio, look no further. In a true New Year's Eve countdown tradition, ask yourself these 10 questions to help review your investment plans....

Friday, December 1, 2023

The Christmas season is an excellent time of the year to review your financial planning strategy. Our finances are top of mind as most of us are monitoring our spending as the holiday and new year approaches. We can look back over the...

Tuesday, November 14, 2023

There are countless benefits of charitable giving. Through generous donations, you can make a difference in your community and society. You may also feel happier and even save on your taxes. Here are some key things to need to know...

Friday, November 10, 2023

Tax planning can be more advantageous when done during the year and well in advance of year’s end. Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family.  ...

Friday, November 10, 2023

Regardless of the business's size, small business owners have 401(k) retirement savings plan options that may be suitable for their situation. Business owners must plan for retirement by utilizing retirement savings vehicles that may...

Friday, November 10, 2023

Through charitable giving, you can support causes or organizations you believe in and lock in tax benefits simultaneously. Whether you’re new to charitable giving or a veteran, there are several strategies you should keep in mind...

Monday, October 9, 2023

The vast majority of Americans need long-term care. According to the U.S. Department of Health and Human Services, 70% of people over age 65 may need some long-term care during their lives.1 Unfortunately, planning for long-term care...

Thursday, October 5, 2023

For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your...

Thursday, October 5, 2023

With tax season coming to an end, it’s the ideal time to use this year's tax return to help update your financial plan. If you’re in the group of one in four Americans who do not already have a financial plan, it may be...

Thursday, October 5, 2023

What are year-end investment decisions? Year-end investment decisions may sometimes result in substantial tax savings. Tax planning may allow you to control the timing and method by which you report your income and claim your...

Thursday, October 5, 2023

Everyone loves pizza, and there’s no better way to feed a crowd.  Now you can enjoy the beauty of pizza in a whole new way. Pizza dippers are seasoned focaccia straws dipped into a creamy, cheesy sauce. Bring your guests on...

Tuesday, September 5, 2023

Obtaining a life insurance policy is part of being an adult. But it’s also something that you can easily neglect, especially if you obtained it earlier in adulthood. While you may have been diligent in securing your life...

Tuesday, September 5, 2023

Retirement seems like a long way off, but it arrives faster than you think. The big question is, are you ready? What exactly does retirement entail? Analysts suggest there are four designated phases of retirement that a person often...

Tuesday, September 5, 2023

Businesses generally are illiquid, which can create problems if a business owner requires care in a long-term care facility. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number...

Tuesday, September 5, 2023

A critical part of financial planning that is often overlooked is insurance. Having various insurance policies will provide different benefits to your financial plan, ranging from protection to tax breaks. In fact, insurance is a...

Tuesday, August 1, 2023

Financial education is constantly evolving. As investments, financial priorities, and the economy change, so do financial strategies and plans.

Tuesday, August 1, 2023

Amidst a backdrop of a volatile market and potential inflationary pressures, these shifts can shape the future of employee retirement planning significantly. Here are four critical trends that deserve attention.

Tuesday, August 1, 2023

Interest is one of the simplest and most appealing ways to gain profits from an investment. Like clockwork, you receive an interest payment on your principal, or the amount of money you deposit when you open an account.

Tuesday, August 1, 2023

Do you consider yourself a high-net-worth individual (HNWI)? Most people tend not to categorize themselves or see themselves as anything more than a spouse, parent, sibling, neighbor, boss, or business owner. However, society does classify

Thursday, July 13, 2023

The insights in LPL Research’s Midyear Outlook 2023: The Path Toward Stability will help position investors, along with guidance from their financial professional, to achieve their goals by providing guidance and actionable insights

Wednesday, July 5, 2023

Financial education is constantly evolving. As investments, financial priorities, and the economy change, so do financial strategies and plans.

Wednesday, July 5, 2023

Social Security retirement or survivor's benefits payable to the spouse (or divorced spouse) of a worker covered by Social Security may be reduced (offset) if that spouse receives a federal, local, or state governmental pension based on his

Wednesday, July 5, 2023

As you navigate through life, it’s important to continually reassess and adjust or add insurance coverage to fit your changing needs.

Wednesday, July 5, 2023

When it comes to financial planning, people often think of financial professionals as people who assist with strategies for retirement planning.

Monday, June 5, 2023

We all have dreams in life, and oftentimes those dreams cost money. If you have a financial goal or responsibility coming up soon or simply want to build up an emergency fund, follow these tips to help you spend less and save money fast.

Monday, June 5, 2023

According to a recent study by the UBC Sauder School of Business, a concerning 41.4% of U.S. workers choose to withdraw money from their 401(k)s upon leaving their jobs. Even more alarmingly, 85% of these individuals cash out their balance.

Monday, June 5, 2023

As retirement approaches, many older adults consider downsizing their home as a way to simplify their lives, reduce expenses, and focus on what truly matters.While the process can be emotionally and physically challenging, it can also...

Friday, June 2, 2023

Most financial professionals suggest that you have three to six months' worth of living expenses in your cash reserve.

Sunday, April 30, 2023

Having a financial professional to help you plan the economic future of your business might allow you to concentrate on more immediate needs.

Sunday, April 30, 2023

The ability to enjoy a secure retirement is an objective that many teachers and their colleagues pursue years before they leave their jobs.

Sunday, April 30, 2023

An investment approach that can help you work towards a confident retirement

Sunday, April 30, 2023

529 funds are tax-free when spent on qualified expenses, such as tuition, books, fees, and room and board.

Thursday, March 30, 2023

Planning for retirement is exciting, but it may come with a bit of stress. If you worked hard all your life, now might be the time to relax and enjoy the fruits of your labor. One of the things that you may need to consider is when it...

Wednesday, March 29, 2023

Thoughts from a financial professionalWhen helping people get ready for retirement, financial professionals find the same issues come up over and over. Thinking ahead can spell the difference between a retirement with enough money and...

Tuesday, March 28, 2023

Managing your tax liability can literally save you thousands of dollarsTax season can be a stressful time for many people, especially if you're not fully prepared. However, with some advance planning and preparation, you can take steps...

Monday, March 27, 2023

Increasing your financial literacy may allow you to make better decisions about your money and your financial future. Many great resources are available to get you started on the path to financial literacy and to expand your current...

Thursday, March 2, 2023

We started the year hopeful that stocks would benefit from a better economic and monetary policy environment by the spring, but recent developments suggest that may be further out than we initially thought.

Monday, February 27, 2023

Retirement planning is a primary reason for long-term saving, and when people think about retirement, finances are often the focus. However, it is important to also look at the nonfinancial aspects of transitioning from the world of work to

Sunday, February 26, 2023

With April’s federal tax filing and payment deadline on the horizon, Americans are dotting their i’s and crossing their t’s as they prepare for the countdown to Tax Day.

Saturday, February 25, 2023

Determining how your income impacts Social Security (SS) taxes is important for tax planning

Friday, February 24, 2023

As you age, the question of when to collect Social Security (SS) retirement benefits will likely come to mind. Your unique circumstances and goals will dictate the appropriate time for you to take Social Security retirement benefits.

Wednesday, February 1, 2023

Whether you’re one to set ambitious New Year’s resolutions or simply use the beginning of the year to reset on a few habits, there’s almost always some value in reflecting on the past year before looking ahead. The...

Tuesday, January 31, 2023

This year's theme for Black History Month is “Black Health and Wellness,” as outlined by the Association for the Study of African American Life and History

Tuesday, January 31, 2023

Each dollar you're putting toward debt is a dollar you cannot use to build wealth. The higher your interest rate, the longer it typically takes to repay your debt

Tuesday, January 31, 2023

Embrace a millionaire's mindset. Starting a business is a huge risk, but you have to believe in yourself.

Tuesday, January 31, 2023

When you’re busy juggling career, family, social life, and multiple other obligations, you may end up feeling as if you don’t have enough time to do it all.

Tuesday, January 31, 2023

Create a monthly spending plan for your fixed and discretionary expenses. When you plan your spending, you may find you spend more wisely  

Sunday, January 1, 2023

Whether you're hoping to retire soon or are just beginning to explore the idea of stepping back from your job, you're probably wondering how to make it happen. Will you have enough money? How will you spend your time? What will you do...

Sunday, January 1, 2023

After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount...

Sunday, January 1, 2023

Financial wellness studies over the past few years indicate that investors desire financial wellness. The recent pandemic, economic and inflationary conditions, changes in work-life balance, and more responsibility for financial...

Sunday, January 1, 2023

What if you focused on your system instead of just your goals?Setting goals for a new year can feel overwhelming.  We all know that resolutions don’t last, but we also feel the energy that comes with a new year of...

Sunday, January 1, 2023

Identity theft runs rampant during tax seasonHere’s what to know and how you can help protect yourself.Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN)...

Thursday, December 8, 2022

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over...

Thursday, December 8, 2022

Finding the perfect gift for those on your list can be difficult, but you can make your holiday shopping easier by gifting subscription boxes. These packages of hand-selected goodies can be arranged and mailed for you, and if you...

Thursday, December 8, 2022

When you own a business, you get to deduct business expenses from your business income. This general rule applies, subject to certain limitations, whether you are a sole proprietor with employees or a self-employed freelancer...

Tuesday, December 6, 2022

Through all the challenges, newfound opportunities, and every high and low we’ve experienced during the last couple of years, it’s no surprise why we might be striving for more balance. Whether it’s about the markets...

Thursday, December 1, 2022

Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year. Consider opportunities to defer income to 2023, particularly if you think you may be in a lower tax...

Wednesday, November 9, 2022

Don’t settle for an ordinary cake roll this holiday season. This pecan roll is made with a delicious spice cake and is full of sweet caramel cream, for a festive dessert you can bring to any celebration! Ingredients: For the...

Wednesday, November 9, 2022

Black Friday and Cyber Monday are two of the greatest days to score deals for holiday shopping. Unfortunately, with amazing deals plentiful, some scammers use these days to take advantage of shoppers looking for the greatest bargains...

Monday, November 7, 2022

Are you an animal lover looking for ways to help dogs, cats, and other rescued animals at your local shelter? From spending time with pets in need to helping with administrative tasks, there are a variety of ways you can help improve...

Monday, November 7, 2022

Members of the military have a lot of special financial challenges that most people don't encounter. However, they have access to many benefits, tax breaks and legal protections that can make a huge difference in their families'...

Monday, November 7, 2022

The holidays are prime time for eating delicious food, celebrating with loved ones, and creating long-lasting memories. However, all this cheer can be both physically and mentally draining.That’s why it is essential to focus on...

Monday, November 7, 2022

With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the giving in the U.S. alone totaled $2.7 billion to nonprofits and community...

Friday, November 4, 2022

It does not matter how much money you have today; you still must know the details of what you are worth. Understanding your financial situation can help you develop a retirement plan, pay down debt, draft a comprehensive estate plan...

Friday, November 4, 2022

Are you a good pet owner? Owning an animal means more than feeding it and loving it. Pets aren’t cheap, so doing right by Fido or Tabby involves financial planning. No question, we Americans love our pets. Many of us view our...

Wednesday, November 2, 2022

October is now behind us and it has delivered on its track record as a historically favorable month for stocks, offering some respite for investors as major equity indices rose for the month. The downside pressure on...

Friday, October 14, 2022

The cost of long-term care can vary widely based on location (both city and state) and level of care needed. However, one thing is for certain: with 7 in every 10 people requiring long-term care at some point, preparing for this...

Friday, October 14, 2022

As cloud storage becomes more common, data security is an increasing concern. Companies and schools have been increasing their use of services like Google Drive for some time, and lots of individual users also store files on Dropbox...

Thursday, October 13, 2022

This has clearly been a challenging year for households. Stocks and bonds are both down significantly. Elevated food and gas prices continue to stretch budgets, and higher interest rates have increased borrowing costs. But we continue...

Thursday, October 13, 2022

The annual approach of winter makes autumn an ideal time to bring in fun décor elements like fluffy throws and pillows, candles, and warm autumnal colors. Follow these tips to make your home the coziest it can be.

Thursday, October 6, 2022

Being an educator requires expertise and that you stay current on developments in your field. However, that level of ongoing attention can make it difficult to find the time to stay on top of issues that affect your finances, or to put...

Thursday, October 6, 2022

For many, autumn is the best time of year. The return of cool breezes, comforting foods, and pumpkins can be invigorating. It’s also a bookmark of sorts, especially for your finances—a perfect time to take stock of your...

Thursday, October 6, 2022

Small businesses face many problems related to their size, capital, and capability, and for women-owned small businesses, the challenge is sometimes even greater. The good news is there are many professional organizations out there...

Thursday, October 6, 2022

The terms Medicare and Medicaid are similar sounding names; however, these programs serve very different needs. Medicare is a health insurance benefit program for those aged 65 and older and others with certain disabilities. Medicare...

Thursday, October 6, 2022

You are not alone if you do not have access to a 401(k) retirement plan. Pew Research data reveals that 35% of private-sector employees do not work for an employer that offers a plan.1 Fortunately, other retirement savings options are...

Tuesday, October 4, 2022

Market volatility is an inevitable part of investing. If we never had market sell-offs, we wouldn’t have as much opportunity to see returns.

Monday, October 3, 2022

Each year, the U.S. Department of Education distributes more than $150 billion in grants, loans, and work-study awards to millions of college students. With these financial aid programs, tuition, room and board, books, and other...

Monday, October 3, 2022

College costs continue to rise: in 2021, the average student attending an in-state school could expect to pay more than $27,000 in college costs per year, while those attending private schools paid a whopping $54,800. Parents of...

Friday, September 30, 2022

In the last several weeks, we have continued to face elevated uncertainty in financial markets due to high inflation and rising interest rates, and we thought it was an important time to take stock with the final quarter...

Friday, September 30, 2022

What dessert could be more perfect for fall than baked apples? This treat is spiced with cinnamon and delicious served with a scoop of vanilla ice cream.

Sunday, September 25, 2022

Understanding long-term capital gains taxes when you sell investmentsMarket downturns could be a good time to adjust your fund portfolio to minimize the tax bite. Here’s how to calculate the best ways to do that – now and...

Thursday, September 22, 2022

September is National Preparedness Month, part of an effort by the Federal Emergency Management Agency (FEMA) to raise public awareness and inspire disaster readiness. Most communities could be impacted by some type of natural disaster...

Sunday, September 18, 2022

Look beyond the emotional headlines and study the hard facts about bearsThe real value of a bear market may be that it gives investors, who are temporarily frozen within its grip, the opportunity to learn or relearn important lessons...

Sunday, September 11, 2022

The uncertainty of today's economy, rising interest rates, and market volatility may have you concerned about your 529 plan's performance over the past months. If your child or grandchild has an upcoming tuition bill soon, now may be...

Sunday, September 4, 2022

It’s also a good time to talk about the insurance crisis facing baby boomersBaby boomers’ huge numbers and surprisingly shaky health threaten government old-age benefits. That’s why you need to bolster your own...

Sunday, August 28, 2022

A recent survey by Caring.com found that a whopping two in three American adults do not have an estate plan1—an alarming statistic, considering that an estate plan can protect your assets and ensure that they go to the right...

Saturday, August 20, 2022

You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your...

Sunday, August 14, 2022

College costs continue to rise: in 2021, the average student attending an in-state school could expect to pay more than $27,000 in college costs per year, while those attending private schools paid a whopping $54,800. Parents of...

Tuesday, August 9, 2022

The primary purpose of life insurance is to provide financial resources for those that depend on you when you die. However, you can lessen the complexity of charitable giving through wealth transfer by using life insurance as a gifting...

Thursday, August 4, 2022

Last week was epic for market-watchers. A Federal Reserve (Fed) rate hike, a much-anticipated gross domestic product (GDP) report, and the busiest week of earnings season got most of the headlines. There was even a surprise out of...

Monday, August 1, 2022

Every consumer likes a good bargain, particularly value investors, who seek out stocks trading for less than their intrinsic value. By choosing companies the market has undervalued, or investing in mutual funds with similar objectives...

Friday, July 22, 2022

How long do you think you will live? How long does your money need to last? If you’re like most people, you get this age wrong. The consequence? Faulty retirement planning, overspending now and running out of money before you...

Tuesday, July 19, 2022

Twenty-one U.S. states, including Kentucky, Texas, and Virginia, require public schools to provide high school students with financial literacy courses.1 But even among the school systems that provide general financial...

Tuesday, July 12, 2022

Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a...

Friday, July 8, 2022

As the calendar has turned to July, investors would certainly like to forget the first six months of 2022. However, the Fourth of July Independence Day holiday does bring with it reason for celebration. Not only is it the...

Tuesday, July 5, 2022

A bear market is a prolonged period of price declines in securities, an index such as the S&P 500, or the overall stock market of usually 20% or more from a recent high. Bear markets can also signal economic downturns such as a...