An Investment Strategy Checkup for the 4th Quarter

Be sure to evaluate your investment strategy at year-end to account for any changes that have happened over the past year.

Don’t look now, but here comes the 4th quarter. The end of the year is a good time to take a look at whether you’re on track with your investment strategy. Don’t wait until the end of December. That could force you to make decisions or take actions too hastily. First, review your financial goals…. Read More

Tax-Advantaged, Tax-Free, and Tax-Deferred? Oh my.

Tax-Advantaged, Tax-Free, and Tax-Deferred Investments: Know the Difference to Benefit Your Investment Portfolio

Proper diversification, low expenses and consistent investing are some of the keys to long-term financial success, but that’s only part of the picture. Large portfolios can generate large taxes. Keeping what you earn is critical for maximizing your investments. Understanding the big three—tax-advantaged, tax-free, and tax-deferred—is the key to lower overall taxes. Tax-Advantaged While the… Read More

The Wash Sale Rule: It’s Easy to Get Caught

Don't let the wash sale rule impact your tax loss harvesting.

Many investors engage in tax-loss harvesting towards the end of the year. The crux of this exercise is to sell securities at a loss to offset taxes due on investment gains or other income items. Part of the harvesting process often involves replacing a sold security with a similar security, in an effort to maintain… Read More

5 Ways to Improve Your Cash Flow and Invest More

There are multiple ways to increase your cash flow to invest more.

For some people, deciding how to invest is the hard part. But for others, finding extra money to put toward investments is even harder. You know investing is important, and you know the more consistently you do it, the better off you’ll be over time. Luckily, there are steps you can take to make that… Read More

How ETFs Can Benefit a Diversified Investment Portfolio

How ETFs Can Benefit a Diversified Investment Investment Portfolio

Over the past decade, the exchange-traded fund (ETF) has made its way into an increasing number of investors’ portfolios, and it’s not hard to see why. An ETF is a basket of securities that trades on an exchange, much like stocks do. However, unlike individual stocks, ETFs track broad market indexes such as the S&P… Read More

How to Determine Whether a Traditional or Roth IRA Works for You

Roth and Traditional IRAs

When it comes to investing, one size does not fit all. This is especially the case when it comes to deciding whether to go with a traditional or Roth IRA. Depending on your situation, either one could provide certain tax advantages to your financial plan. But you need to know the key differences. The Basics… Read More

What to Do with Your 401(k): Managing Your Post-Retirement Assets

What to do with your old 401k

It can be staggering to consider how much Baby Boomers have accomplished. The Boomer generation changed American politics through their passion, altered our perception of the environment through their activism, and changed popular music forever through their tastes. After a lifetime of work, retirement is approaching and there are often financial decisions to be made…. Read More

The Decline of Pensions Leads to Greater Reliance on IRAs and 401(k)s

With the Pension Plan Becoming Extinct, How Can Investors Save for Retirement?

Over the last several decades, there’s been a gradual decline of pension plan availability in the United States. There was a time when people worked longer and collected less in overall pension benefits due to shorter life expectancies. Pension benefits paid over 5 or 10 years to a loyal employee who put in 30 years of service didn’t… Read More

Retirement Income and Systematic Withdrawals

Retirement Income and Systematic Withdrawals

There’s no shortage of articles about the process of accumulating wealth. We spend our working years deferring part of our incomes into retirement plans and establishing various investment strategies to grow and protect our assets. However, there’s less discussion about the process of distributing our money back out to ourselves in the most effective way… Read More

7 Big Ideas for Getting the Most Out of Your Tax Refund

What to do with your tax refund

According to the most recent IRS data, the average income tax refund is just over $3,000. Not bad. Too often, though, what seems like a nice fat windfall disappears faster than expected. But squirreling it away into a savings account at today’s interest rates will earn you nothing. You work hard for your money. Is… Read More