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New Year, New You: Financial Resolutions for 2021

See Your Resolutions Through with These Resolution Guidelines

15 January 2021

New Year, New You: Financial Resolutions for 2021

New Year’s Day always seems to bring an air of magic along with it. It’s a new beginning, an opportunity to wipe your slate clean, make big changes, and start fresh. That’s what new year's resolutions are all about. Perhaps you want to work out more or spend less time watching tv and more time reading, or pursue that hobby you’ve always been interested in but never made the time for. Whatever your new year's resolutions are, the magic isn’t in making of the resolution itself, but in sticking to it.

One resolution that you hear often is financial health, and the new year is the perfect chance for people to finally change their money habits and gain a more robust understanding of their personal finances. Financial fitness can be a difficult resolution to stick to and achieve, but these five resolutions can help you increase your financial health today and throughout 2021.

Under Pressure: Sandwich Generation Moms Face More Stress than Others

Moms Caring for Children and Aging Parents Can Use These Tips to De-Stress

21 December 2020

Under Pressure: Sandwich Generation Moms Face More Stress than Others

Caring for children can quickly leave you feeling overextended, and caring for aging parents can, too. When you’re doing both at the same time, however, it can be challenging to manage the stress. This internal battle is waged every day by mothers in the “sandwich generation.” These are women aged 35-54 who are balancing the needs of both growing children and aging parents. It’s a demanding, delicate act and it’s causing sandwich generation mothers to face levels of stress far greater than others, including financial stress. After all, when you’re trying to save for college, fund your own retirement savings, and care for your parents’ growing needs all at once, your paychecks can easily be stretched to an uncomfortable degree. If you find yourself in this situation, read on for tips to help you cope with the pressure.

Six Tax-Efficient Investing Strategies

Present and Future Tax Liabilities Should Be Considered in Any Investment Decision

07 December 2020

Six Tax-Efficient Investing Strategies

There is so much to consider when making investment decisions, especially when you’re working toward meeting specific short- and long-term financial goals. This is certainly true of the tax implications of your investment strategy, as taxes can reduce your investment returns from year to year and jeopardize your ability to achieve your goals. This is especially true if you fall into a higher federal income tax bracket, making it even more important to consider the impact of taxes when making any changes to your investments. While you should always consult with a tax professional regarding your unique investment and tax scenarios, the following six tax-efficient investing strategies may be beneficial to your finances.

How to Handle Debts in an Estate

Your Guide to Understanding How Estate Assets are Used to Pay Valid Claims

23 November 2020

How to Handle Debts in an Estate

The passing of a family member is always a painful time. Sometimes, however, the pain can be compounded by financial stress. This is especially true if your loved one died with outstanding debts that must now be paid. A complex process exists for handling debts of a decedent in estates, and it requires careful planning that we’ll discuss below.

5 Money Moves Single Parents Should Make

Work toward these financial markers to build a strong foundation for you and your family.

11 November 2020

5 Money Moves Single Parents Should Make

In a two-parent household, raising children can be quite the task. Raising children as a single parent brings additional challenges, stressors, and responsibilities - many of which are financial.

Though financially stressful, it’s important to remember that it’s possible to raise a child on your own and have a stable financial life. It merely requires discipline and planning. So, if you’re a single parent and feeling a bit overwhelmed, use these steps as a guide to help you achieve financial security.

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