Key Takeaways Allocating a portion of your bonus for your portfolio could help you get closer to your longer-term financial goals Having a plan in place for using your bonus can help put your money to work toward advancing your financial goals Dividing your bonus among different larger financial goals could help in the pursuit […]

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Key Takeaways Divvy your bonus between spending and savings/investment vehicles Put savings portion toward long-term goals such as retirement or your children’s education Use some of the spending portion to help reduce debt and save money on interest You just got your bonus check. Now, like many people, perhaps you’re wavering between being practical (paying […]

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Key Takeaways A 529 plan allows tax-advantaged savings for college  There are differences between a 529 plan and a Coverdell ESA You can transfer 529 plan funds to another beneficiary The cost of college continues to rise at a rate that outstrips inflation. It’s no surprise that many parents are starting early to save up for […]

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Key Takeaways Discuss money expectations and financial goals early on Divide up money-management tasks based on each person’s strengths  Update your financial plan for life’s milestones Have regular check-ins to keep finances on track as things change If you’re about to wed, now’s the time to discuss your finances in marriage. It’s among the most […]

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Key Takeaways Refinancing a mortgage can save on the overall cost of interest and reduce monthly payments Interest rates on 30-year mortgages averaged about 3.75% in early July 2019 Consider a refinance if your interest rate is higher than current mortgage rates, but keep an eye on the fees American homeowners who are considering refinancing […]

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