Key Takeaways Even if you don’t have a 401(k) plan through your employer, you can still find plenty of tools to save for retirement. An IRA can be a possible first step, and there are several to choose from, including tax-deferred IRAs. A Health Savings Account or a Solo 401(k) could be other tools to […]

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Key Takeaways Start a retirement budget by listing mandatory expenses Aim to have your retirement income exceed all the costs in your plan  Develop a healthy emergency fund for additional confidence  Planning ahead for your retirement years can provide additional confidence and financial security. And with increased life expectancy, a retirement budget can take into […]

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Key Takeaways Be a role model when it comes to teaching kids about money Have financial decision-making discussions with children Kids should understand how to save, maintain good credit, and be mindful of spending money Teaching kids about money is one of the best educational foundations parents can provide. And if you’re a money-savvy parent, […]

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Key Takeaways Estate planning can be helpful for any income level Make sure the beneficiaries named in your financial accounts match the intentions set forth in your will Learn about 529 plans and other tax-advantaged strategies that can be employed now None of us likes to think about dying—and what will happen to our money […]

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Key Takeaways A first summer job for a teen often requires opening and managing their first bank account  Teens can learn the importance of saving up as well as the true cost of a splurge  Don’t forget to file a tax return if necessary The time-honored tradition of a summer job can help teenagers get […]

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Key Takeaways Understand the difference between long-term and short-term investment strategies For short-term investing, consider establishing a timeline for your priorities  It may be best to avoid forsaking your long-term retirement plan for a short-term financial goal While wrestling with pandemic-related shutdowns and a rough economy in 2020, many investors likely found it difficult to […]

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Key Takeaways The beginning of the year is a great time to make financial resolutions Take that first step and make your personal and financial resolutions for 2021 These five resolutions can be guidelines for helping you get your portfolio in shape for 2021 What’s not to like about making New Year’s resolutions, especially this […]

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Key Takeaways Use a monthly budget to track your income and expenses  Set realistic goals and be sure to make room for fun Monitor your budget periodically to compare budgeted items to actual income and expenses   Did you make a New Year’s resolution to create a monthly budget? If budgeting fell by the wayside along […]

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Key Takeaways Being single can be challenging financially without a second income or someone to share costs with Creating a budget that works for you includes writing down your financial goals You might be able to get help with an accountability partner or by sharing a living arrangement When you’re on your own financially, finances […]

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