April is Financial Literacy Month: 5 Steps to Improve Your Personal Finances

April has been recognized as Financial Literacy Month every year since 2004. The goal is to raise awareness among Americans about the importance of managing their finances well and give everyone an opportunity to review and improve their personal finances. Financial Literacy Month originated from the Youth Literacy Day, which was part of the National […]

Your Home and Your Finances: Planning for the Financial Impact of Home Renovations

With spring on the way, you might be thinking about making some updates to your home. Home renovations became especially popular during the pandemic when there was an 82% increase in home repair and improvement activity. Demand for home improvement and repair trades soared during the pandemic. For example, the demand for roofers rose by […]

Everything You Need to Know About Filing Your 2021 Tax Return

There are lots of reasons to look forward to springtime: warmer weather, no more snow, March Madness and opening day for baseball are a few. But there’s one thing about spring that most people don’t look forward to: filing their income tax return. This year, “tax day” falls on Monday, April 18, instead of the […]

5 Financial Goals for the New Year

It’s that time of year again: Time to set goals for the new year. In addition to setting goals related to your personal habits and health — like reading more books, maintaining a healthy weight and exercising regularly — this is also a good time to set some financial and investing goals. Here are 5 […]

Act Quickly to Take Advantage of Expiring Charitable Giving Tax Breaks

The December 31 deadline is fast approaching for making tax-deductible charitable contributions for tax year 2021. This date is also the deadline for two tax breaks related to charitable giving that were part of legislation designed to provide pandemic financial relief to taxpayers. Deduct Charitable Donations Without Itemizing This year, you can deduct up to […]

Consider These Four Year-End Charitable Giving Strategies

For many people, the end of the year is a good time to make donations to their favorite charitable causes. Not only does this help charities during the holidays when many families are in need, but it may also yield valuable tax benefits. Here are four charitable giving strategies to consider between now and the […]

October 2021: 5 Ways to Maximize Your Tax Refund Next Spring

You might think it’s too early to think about tax refunds, which are usually issued in the spring after you’ve filed your federal and state income tax returns. But there are things you can do now to potentially increase the size of your tax refund next spring. Here are 5 things you can do now […]

September 2021: Could Proposed Estate Tax Changes Affect Your Estate Plan?

Since the 2021 federal gift and estate tax exemption was raised to $11.7 million per person by the Tax Cuts and Jobs Act in 2017, the vast majority of individuals and families haven’t had to worry about having to pay the federal estate tax. For example, only 1,900 estates were subject to the federal estate […]

August 2021: Avoid These 5 Common Retiree Real Estate Mistakes

Making savvy financial moves can be the difference between a comfortable retirement and a retirement full of worry about how the bills will be paid. This includes decisions that are made about real estate. Since a home represents the biggest expense and largest asset for most people, real estate decisions can end up having an […]

July 2021: Looking for Low-Risk Investments? Here Are Six to Consider

Risk vs. reward is a central tenant of investing. The more risk you’re willing to assume with your investments, the higher the potential return. Conversely, the less risk you’re willing to assume, the lower the potential return. You may be familiar with what are generally considered to be higher-risk investments — these typically include emerging […]