Blog

Lessons from the Lockdown: A Back-to-Basics Holiday

November 24, 2020
Happy family having video call before Thanksgiving meal at home.

If there is one thing the COVID-19 stay-at-home orders demonstrated, it was the need to find joy in simple pleasures. In fact, 43% of respondents to one survey said they had “changed their ways for the better” as a result of the lockdown.1 By applying some of the lessons learned from pandemic purgatory to the holiday…

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Five Tips to Regain Your Retirement Savings Focus in 2021

November 24, 2020
Piggy Bank

In early 2020, 61% of U.S. workers surveyed said that retirement planning makes them feel stressed.1 Investor confidence was continually tested as the year wore on, and it’s likely that this percentage rose — perhaps even substantially. If you find yourself among those feeling stressed heading into the new year, these tips may help you focus…

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Sharing Your Money Values Can Be Part of Your Legacy

November 24, 2020
family talking

When it’s time to prepare the next generation for a financial legacy, you might want to bring your family members together to talk about money. But sitting down together isn’t easy, because money is a complicated and emotionally charged topic. Rather than risk conflict, your family may prefer to avoid talking about it altogether. If…

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Year-End 2020 Tax Tips

November 2, 2020
Finger about to press a calculator key with the text taxes.

Here are some things to consider as you weigh potential tax moves before the end of the year. Defer Income to Next Year Consider opportunities to defer income to 2021, particularly if you think you may be in a lower tax bracket then. For example, you may be able to defer a year-end bonus or…

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Seeking Sun or Savings? Explore a Retirement Move

November 2, 2020
Gated community houses with palms, South Florida

Many people intend to retire in the place they call home, where they have established families and friendships. But for others, the end of a career brings the freedom to choose a new lifestyle in a different part of the country — or the opportunity to preserve more wealth and protect it from taxes. This…

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Is Now a Good Time to Consider a Roth Conversion?

November 2, 2020
Roth ira conversion memo

This year has been challenging on many fronts, but one financial opportunity may have emerged from the economic turbulence. If you’ve been thinking about converting your traditional IRA to a Roth, now might be an appropriate time to do so. Conversion Basics Roth IRAs offer tax-free income in retirement. Contributions to a Roth IRA are…

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The Changing College Landscape

July 29, 2020
Two college students keeping social distance

The 2020-2021 academic year is right around the corner, and the coronavirus pandemic has upended the college world, like everything else. Not only has COVID-19 impacted short-term college operations and student summer plans, but the virus could end up being the catalyst that changes the model of higher education in the long term. Here are…

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Four Things to Consider Before Refinancing Your Home

July 29, 2020
Home Mortgage Refinance Application and pen and calculator.

Mortgage refinancing applications surged in the second week of March 2020, jumping by 79% — the largest weekly increase since November 2008. As a result, the Mortgage Bankers Association nearly doubled its 2020 refinance originations forecast to $1.2 trillion, the strongest refinance volume since 2012.1 Low mortgage interest rates have prompted many homeowners to think…

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Could You Be Responsible for Your Parents’ Nursing Home Bills?

July 29, 2020
Elderly woman reading paperwork

In 26 states (and Puerto Rico), laws generally hold children financially responsible for certain debts of their parents. These laws are referred to as filial responsibility laws (or filial support or filial piety laws). The details of filial responsibility laws vary by state. Most require that a parent must be deemed unable to pay for…

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Turbulent Times: Bear Markets Come and Go

June 24, 2020
bear and down market

The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end.1 Bear markets are typically defined as declines of 20% or more from the most recent high, and bull markets are sustained increases of 20% or more from the…

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