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IRS Delays Certain RMD Rules: What You Need to Know

The Secure Act 2.0 brought about numerous changes to how we save for retirement, including when investors need to start taking required minimum distributions (RMDs). However, the IRS is making RMD changes yet again – this time delaying certain rules in order to provide a smoother transition not only for plan administrators, but also for… Continue reading IRS Delays Certain RMD Rules: What You Need to Know

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12 Tips for Dealing with Hidden School Costs

Back-to-school shopping is in full swing. Have you made space in your back-to-school shopping budget for hidden school costs? Recently, the following Facebook post went viral. According to the 2023 Deloitte back-to-school survey, parents are expected to spend $597 per child on back-to-school shopping.¹ One reason it is so expensive is that the prices of… Continue reading 12 Tips for Dealing with Hidden School Costs

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How to Deal with Financial Stress of Taking Care of Kids and Parents

The financial stress of taking care of kids and parents should not be glossed over or ignored. Parents typically feel financial stress, with new reports suggesting it costs a middle-class family with two children $310,605 to raise children from birth to age 17.¹ This is generally broken down into the following percentages: 32% to housing… Continue reading How to Deal with Financial Stress of Taking Care of Kids and Parents

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Should You Talk to Kids about Money Problems? Yes. Here’s How.

Parents strive to protect their children, and this often means hiding family financial issues. But should you talk to kids about money problems? The answer is YES. Shielding them may actually be doing more harm than good.  Consider these results from two important studies: “In 2010, the American Psychological Association (APA) found that during the… Continue reading Should You Talk to Kids about Money Problems? Yes. Here’s How.

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The 4th of July: Then and Now

Americans have celebrated the signing of the Declaration of Independence on the 4th of July since 1776, even though the Declaration of Independence wasn’t signed until August 2, 1776. There is a lot of fun history to learn about the 4th beyond the confusing sequence of dates surrounding the holiday. For example, even though the… Continue reading The 4th of July: Then and Now

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Reclaiming Your Retirement: Catch Up on Retirement Savings after 40

If you’re over 40 and worried about your retirement savings, take a deep breath. You’re not alone, and it’s never too late to turn things around.  In this article, we’re exploring 10 actionable strategies to help you catch up on retirement savings after 40.  #1 Assess Your Current Situation If you don’t know where you… Continue reading Reclaiming Your Retirement: Catch Up on Retirement Savings after 40

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7 Most Common 401(k) Mistakes [What to Do Instead]

There are common 401(k) mistakes we see investors making over and over again – from failing to rebalance to not keeping up with legislation.   The 401(k) is one of the biggest assets people have in retirement.  It’s not enough to think you’ll be ready to retire simply because you regularly fund your 401(k). Far from… Continue reading 7 Most Common 401(k) Mistakes [What to Do Instead]