Key Takeaways Unhealthy debt, such as revolving credit and predatory loans, can make it much harder to reach your long-term financial and retirement goals Healthy debt, such as mortgages and student loans, can increase net worth, but too much can impede your goals A financial pro can help you set your debt management strategy for […]

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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 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 New legislation has raised the child tax credit for 2021 Be aware of the child tax credit income phaseout limits and qualification guidelines Understand the difference between refundable and nonrefundable credits If you’re a parent, you may have gotten a letter in the mail telling you about a new child tax credit for […]

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Key Takeaways A revocable trust can be changed later  Once an irrevocable trust is in place, it can’t be altered  A trust can help you control how your assets will be handled after you’ve passed on  One of the most popular strategies for passing assets from generation to generation is with the help of a […]

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