It’s that time of year. Students will soon be busy at summer jobs, which means that now is a perfect time to consider funding a Roth IRA. All your child needs is earned income. Visit the Learning Library
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It’s Time to Rework the Budget, Student Loan payments begin soon
Well, time is surely ticking on your student loans. Payments will begin soon, after two years of the pandemic-related deferment where no payments were due and no interest accrued. Some continued making payments, but most did not. So, now is the time to rework that budget to factor in those payments. First, locate your student… Continue reading It’s Time to Rework the Budget, Student Loan payments begin soon
It’s OK to Spend your Hard-Earned Money
You’ve worked hard to earn your money, so why not enjoy it with your loved ones and on the things, you truly love! While it’s important to prioritize saving for retirement, building an emergency fund, and budgeting, it’s equally important to indulge in the things that bring you joy. So go ahead, treat yourself to… Continue reading It’s OK to Spend your Hard-Earned Money
Grandparent 529 Plans Now Even Better
In General, 529 plans don’t have much of an effect on financial aid, but not all accounts are treated the same by the FAFSA. Under previous rules you report parent-owned 529 plan balances on the FAFSA as parental assets, distributions from any 529 plan get reported as untaxed student income, and grandparent 529 plan balances… Continue reading Grandparent 529 Plans Now Even Better
Should You Purchase a Long-Term Care Policy?
Of all the strains on your retirement assets, one of the biggest threats to your financial independence is the need for long-term care. Without knowing the future it can be difficult to budget how much care you’ll need and for how long you’ll need it. With this uncertainty, does it make sense to have a… Continue reading Should You Purchase a Long-Term Care Policy?
It’s time to look at a CD ladder
Rates on fixed interest accounts are higher than they have been in years. This has led many investors to consider locking in these rates by purchasing CDs as an alternative to their savings or money market accounts. For these investors, A CD Ladder might be a good idea. So, what’s a CD ladder? Basically, you… Continue reading It’s time to look at a CD ladder
Five Tips to Control your Summer Spending
Summer is a great time to enjoy the outdoors and have fun, but it can also be a season of increased expenses. However, with some careful planning and smart choices, you can control spending during the summer while still having a memorable time. Here are some money-saving tips for the summer: 1. Plan your activities:… Continue reading Five Tips to Control your Summer Spending
Getting Your Tax Withholding Right
Are you familiar with that feeling of delight when you receive a large tax refund check? It feels like a bonus, right? But hold on. It’s actually your money that the government is returning to you, money that you overpaid in taxes throughout the year. Essentially, it’s an interest-free loan you gave to the government.… Continue reading Getting Your Tax Withholding Right
Reducing Food Waste and Saving you Money
According to a study by the Natural Resources Defense Council (NRDC), the average American family wastes about one-third of the food it buys each week, which amounts to approximately 20 pounds of food per person per month. The financial impact of wasting food is worse than ever since statistics from the US Department of Agriculture… Continue reading Reducing Food Waste and Saving you Money
Making the Medicare Decision Easy
Medicare can be confusing when you dive into all the parts and what they cover. But really, it only involves one major decision from which all the other decisions flow. Watch this money message to learn what that decision is, and to find a great online source for making the Medicare decision. Visit the Learning… Continue reading Making the Medicare Decision Easy
