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Backdoor Roth IRA Conversions: What You Need to Know For 2022
Some changes are coming for converting your traditional to a Roth IRA as part of the Build Back Better Bill that the U.S. House approved in November 2021. If you are considering a ‘backdoor’ Roth IRA conversion or are curious about what it is, this article will help you understand the changes coming to this…
Read MoreJanuary is International Wealth Mentality Month
Becoming wealthy or increasing your existing assets is a common goal many people have. Both can be accomplished when you adopt a wealth mentality by spending less, saving more, and looking for ways to improve your financial situation.
Read MoreReady, Set, Save in 2022 with These Simple Tips
There’s no better way to start the New Year than with a list of goals you’d like to achieve. Whether you’re pleased with your current financial situation or wish to improve it, 2022 is a great year to focus on your finances. Here are simple tips to help you save in 2022:
Read MoreIt’s Holiday Season! Is Your Budget Ready?
According to a 2021 forecast from Deloitte, U.S. consumers will spend up to 9% more this holiday season compared to last year. Since holiday season spending doesn’t include just gifting, it’s essential to set your budget now.
Read MoreDecember 3rd is National Roof Over Your Head Day
The basic necessity of having a roof over your head is often overlooked. It is essential to having a happy and successful life. National Roof Over Your Head Day is celebrated every year on December 3rd and serves as a reminder of the affordable housing issues in the U.S.
Read MoreFinancial Planning Tips for Military Families
Sixty-five percent of military families have experienced financial stress, according to a finance and lifestyle survey by Military.com. This statistic is no surprise as they often face frequent deployments, high moving expenses, cost-of-living adjustments, and inconsistent pay. Here are some quick financial planning tips for all our veterans.
Read MoreFour Reasons to Support Small Businesses
In 2010, American Express created a holiday called “Small Business Saturday.” It takes place every year on the Saturday after Thanksgiving to encourage Americans to support small businesses. This Small Business Saturday on November 27th, consider “shopping small” as you purchase holiday gifts. Here are several reasons why it’s essential to support small businesses.
Read MoreNovember is National Family Caregivers Month
Many people care for a loved one out of necessity as their family members can’t care for themselves. Family caregivers often help with a wide range of household chores, social and companion needs, and managing finances.
Read MoreThe Importance of Long-Term Care Planning
According to the U.S. Department of Health and Human Services, over 70% of seniors will require long-term care at some point in their lives. Despite this statistic, very few people have a plan. Without a long-term care (LTC) plan, your finances will likely suffer if you need to pay for care. You may also put…
Read MoreFinancial Planning: Goals, Manage Roadblocks, and Get a Second Opinion
October is financial planning month and a great time to review your financial situation. Regardless of what your goals are, financial planning can help you achieve them. Financial planning is examining your financial situation and designing a specific plan to help you reach your goals.
Read MoreHow to be Smart Using Credit
Taking steps to improve your financial skills includes understanding how to be smart using credit before you ever open any credit account. If you don’t take credit seriously, you may run into issues when applying for a mortgage, car loan, or funding for education through a loan.
Read MoreWhat You Need to Know About National Retirement Security
National Retirement Security Week is October 17th through October 23rd. This week, Americans are encouraged to reflect on their retirement goals and determine whether they’re on track to reach them.
Read MoreNational Savings Day: October 12th
October 12th is National Savings Day, a day designated to celebrate the act of saving and share simple ways to polish existing saving habits. Saving money doesn’t need to be difficult, as many people have already perfected the art of saving. Saving money can be fun if you simplify saving automatically as a financial resource…
Read MoreAlzheimer’s Disease, Dementia, Long-Term Care and Planning
Dementia affects almost 50 million people worldwide, with a new case of dementia diagnosed every 3 seconds. More than 6 million Americans suffer from degenerative brain disease in the form of Alzheimer’s. Dementia is the leading cause of disability and dependency and the sixth leading cause of death among the elderly. Dementia kills more people…
Read MoreMaking a Difference Through Charitable Giving
On September 5th, consider participating in the International Day of Charity by donating to a cause or organization you value. Here are some types of Charitable Giving vehicles:
Read More401(k): 3 Things You Need to Know
If you plan to retire someday, a 401(k) could help you save retirement money to help you enjoy your retirement years financially secure.
Read MoreRemembering 9/11: The Event That Forever Changed Our Country
On September 11, 2001, almost 3,000 people died from terrorists carrying out suicide attacks against targets in the United States. These attacks were the deadliest on American soil since the Pearl Harbor attack in 1941. This terrifying, humbling, and startling event triggered major U.S. initiatives to combat terrorism.
Read MoreLabor Day: Celebrate the Social and Economic Achievements of Americans
In 2021, Labor Day will happen on Monday, September 6th, and celebrates the contributions and achievements of American workers. Traditionally observed on the first Monday in September, the labor movement created the holiday in the late 19th century and became a federal holiday in 1894. For many Americans, Labor Day also symbolizes the end of…
Read MoreThe Time is Right for Safe Summer Travel
Finally, it appears that the time is right for safe summer travel while the pandemic numbers are low and people can safely distance themselves. If you’re thinking of planning a trip, here are a few trends to keep in mind to keep you and your family safe as you embark on your next adventure:
Read MoreCelebrate Women’s Equality Day in August
Women’s Equality Day is on August 26th and is a great time to reflect on how this event started, the progress toward women’s equality, and why the topic is essential. Let this article serve as why the movement toward gender equality still exists today. How did Women’s Equality Day first start? Women’s Equality Day commemorates the 1920…
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