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College Saving: How Does a 529 Plan Compare to a Roth IRA?

May 10, 2018

529 plans were created 22 years ago, in 1996, to give people a tax-advantaged way to save for college. Roth IRAs were created a year later, in 1997, to give people a tax-advantaged way to save for retirement. But a funny thing happened along the way — some parents adapted the Roth IRA as a…

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Don’t Wait to Ask Aging Parents These Important Questions

January 24, 2018

It’s human nature to put off complicated or emotionally heavy tasks. Talking with aging parents about their finances, health, and overall well-being might fall in this category. Many adult children would rather avoid this task, as it can create feelings of fear and loss on both sides. But this conversation — what could be the…

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How Much Risk Can You Take?

January 24, 2018

Many market shocks are short-lived once investors conclude the event is unlikely to cause lasting economic damage. Still, major market downturns such as the 2000 dot-com bust and the 2008-09 credit crisis are powerful reminders that we cannot control or predict exactly how, where, or when precarious situations will arise. Market risk refers to the…

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What Can I Learn from Looking Back on My Financial Situation in 2017?

January 24, 2018

If your financial plan for 2017 didn’t work out the way you wanted it to, don’t beat yourself up. Instead, ask yourself the following questions to determine what you can learn from reflecting on your financial situation in the last year. Did you meet your financial goals and expectations for 2017? Perhaps you started the…

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What Is Cyber Insurance and Should Your Business Have It?

December 21, 2017

Does your company use electronic data? Does it store or communicate potentially sensitive information about customers, employees, or competitors? If so, then a breach of that data could cost your company plenty. Some well-known organizations have experienced data breaches, including WalMart, JP Morgan Chase, Yahoo, eBay, Target, the IRS, and, more recently, Equifax. Unfortunately, just…

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How Can I Protect Myself From Digital Deception?

December 21, 2017

Imagine that you receive an email with an urgent message asking you to verify your banking information by clicking on a link. Or maybe you get an enticing text message claiming that you’ve won a free vacation to the destination of your choice — all you have to do is click on the link you…

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Nonprofit Board Membership: A Primer

December 21, 2017

If you’re looking for creative ways to “give back” to your community or society at large, consider joining a nonprofit board of directors. But where do you begin? Assess your passions “Passion for mission” is the most important criterion when recruiting board members.1 Are you an animal lover or concerned about children’s health? Do you currently…

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Questions to Ask Before Buying That Thing You’ve Always Wanted

November 20, 2017

Even if you’re generally comfortable with your finances, you may occasionally worry about how much you’re spending, especially if you consistently have trouble saving for short- or long-term goals. Here are a few questions to ask that might help you decide whether a purchase is really worth it. Why do I want it? Maybe you’ve…

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Demographic Dilemma: Is America’s Aging Population Slowing Down the Economy?

November 20, 2017

It’s no secret that the demographic profile of the United States is growing older at a rapid pace. While the U.S. population is projected to grow just 8% between 2015 and 2025, the number of older Americans ages 70 to 84 will skyrocket 50%.1 With roughly 75 million members, baby boomers (born between 1946 and…

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Symphony Financial Planning Sponsors Arts Center Fundraiser

November 15, 2017

Davis Arts Center to hold 27th annual holiday sale Nov. 29 to Dec. 2. DAVIS, California—November 15, 2017—Symphony Financial Planning announced today that it is sponsoring the Davis Arts Center’s annual holiday sale—the nonprofit organization’s biggest fundraiser of the year. It is the second year that Symphony Financial Planning, a Davis-based financial planning and investment…

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