Managing 401(k) investments is crucial to planning one's financial future. Two primary ways to manage investments are to do it yourself (DIY) or work with a financial professional. However, the decision ultimately depends upon comfort level, knowledge of investment...
Introduction Choosing a 529 plan means first deciding whether a college savings plan or a prepaid tuition plan appeals to you. If you decide on a prepaid tuition plan, you're generally limited to the plan offered by your state. But if you choose a college savings...
Normal retirement age used to be 65, but things are way different today You might be thinking about retiring, but how do you know when you are really ready for it, mentally and financially? For decades, the normal retirement age was 65. This was when you became...
An unwavering belief in the timeless wisdom of “waiting for the right pitch” At the recent Berkshire Hathaway annual meeting held in Omaha, Nebraska on May 4th, 2024, Warren Buffett once again emphasized his steadfast belief in the value of holding cash. Shareholders...
Times to call your financial advisor Most of us go to see professionals when we’re in trouble or during times of crisis. Think about it. We go to the doctor when we’re sick. We go see a lawyer when we have a pending legal matter. We go see a counselor when we’re...
An executor of an estate or trust plays a pivotal role in the legal system, especially when dealing with the responsibilities and tasks related to a deceased person's property and financial matters. The executor acts as the manager and guardian of the estate,...
Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your own money. For many of us, we find it...
GrandpaLand is a swing, trampoline, hammock, and a teetertotter in the shaded corner of our back yard. On Thursdays, the “littles,” as we call the grandkids under seven, spend the day with Grandma, while their respective parents get some work done. GrandpaLand...
Tax season is upon us, and you need forms from LPL so that you can get this annual job completed. If you’ve got retirement accounts, LPL began mailing the 1099-R (for retirement) on January 17. The forms for taxable, non-retirement accounts are more complex to...
If you think that everyone but you is on track with their retirement plan investments, you need to stay with me on this piece. Because those people are rare. Most people don’t start saving for retirement soon enough, or investing aggressively enough, or controlling...