Category: Blog Posts

The Election and Taxes: What if Biden Wins?

With the Presidential election less than two weeks away, many people are starting to wonder what they should be doing with regard to income tax and estate planning in case Joe Biden is elected President. For the vast majority of people, the answer — at least right now — is: Nothing. While a Biden Presidency […]

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Celebrate National Savings Day by Following these 5 Savings Tips

One of the most important lessons many people have learned this year from the coronavirus pandemic is the importance of saving money. We never know when an unexpected crisis like the pandemic might emerge that throws a wrench into our best-laid financial plans. In this respect, the timing couldn’t be better for National Savings Day, […]

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COVID-19 and Cybercrime — Be on the Lookout for More Cyberattacks and Scams

One effect of the coronavirus pandemic that hasn’t gotten a whole lot of attention is the rise in cybercrime that has occurred since the pandemic began. Cybercriminals are taking advantage of the confusion and uncertainty sown by COVID-19 to ramp up cyberattacks against businesses and individuals. A study recently conducted by Iomart, a cloud computing […]

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Unemployment and Taxes: How to Pay Taxes on Unemployment Benefits

Due to economic shutdowns caused by the coronavirus pandemic, millions of Americans have lost their jobs and had to file for unemployment benefits — many for the first time ever.  About 884,000 people filed unemployment claims during the week of August 31, according to the U.S. Labor Department. This is nearly four times higher than […]

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How to Critique Your Food Budget and Lower Food Costs

The financial uncertainty caused by the COVID-19 pandemic is forcing many families to try to stretch their finances a little bit further. One common area of belt-tightening is the monthly food budget. About 10% of the average American family’s disposable income is spent on food, according to the U.S. Department of Agriculture (USDA). This is […]

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How to Maintain Life and Disability Insurance Coverage If You’re Furloughed or Laid Off

One of the unfortunate side effects of the high unemployment rate that has resulted from the coronavirus pandemic is the loss of life and disability insurance for many people furloughed or laid off from their jobs.  Many employees receive low- or no-cost group life and disability coverage through their workplace. When they’re let go or […]

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Why Now is a Good Time for a Risk Tolerance Assessment

When the S&P 500 plunged by 34% back in March as the economic damage of the coronavirus pandemic started to become apparent, few people could have imagined what would happen next. In less than five months, the broad stock market index reversed course a reached a new record close. The reversal of the tech-heavy Nasdaq […]

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Is the Coronavirus Pandemic Affecting Your College Savings Plans?

The coronavirus pandemic has upended the school year for millions of families and students all across the country. In some districts, school is being offered online only while others are offering families the option of virtual or in-person classes.  The pandemic has also thrown a major wrench into many families’ college savings plans. About two-thirds […]

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U.S. Economy Enters Recession — But What Does This Mean?

The longest economic expansion in U.S. history officially ended when the National Bureau of Economic Research (NEBR) recently uttered the dreaded “R” word — officially declaring that we’ve entered a recession. According to NEBR, the 128-month expansion peaked in February and the economy has been sliding into recession ever since. Of course, the current recession […]

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What is Sequence of Returns Risk — and How Can You Plan for It?

Like many people, you may be saving diligently for retirement by contributing regularly to a retirement savings account like a 401(k) or IRA. This is a great way to help ensure that you have a financially comfortable retirement. However, there’s a hidden risk to a financially secure retirement that many people aren’t aware of. It’s […]

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