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Smart Savings: 5 Tax Breaks for College Students and Parents
With the cost of college expensive for many, receiving a tax break from the IRS for college-related expenses may be appealing.
Read MoreDo You Know What Type of Investor You Are?
Do you know the answer if your financial professional asks you what type of investor you are? While it may be challenging to classify yourself off the top of your head, knowing what type of investor you are might help.
Read MoreInflation: The Nemesis of Every Single Retiree
With proactive planning and smart strategies, its impact can be mitigated. As a retiree, one of the significant financial challenges you may encounter is inflation.
Read MoreLPL Financial Research Midyear Outlook 2023: The Path Toward Stability
Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change.
Read MoreFinancial Freedom, Market Volatility, and You
If recent market volatility has you questioning your opportunities for financial freedom, you are not alone.
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401(k) Rollovers Can Make or Break Retirement
With a significant portion of Americans withdrawing money from their 401(k)s when they change employers, understanding the value of 401(k) rollovers is essential to preserving a confident financial future.
Read MoreFed Raises Rates for the 10th Consecutive Time
The Federal Reserve's recent decision to raise the federal funds rate for the 10th consecutive time brings forth potential consequences for various stakeholders in the economy.
Read MoreU.S. Banking Crisis - Should You Be Worried?
With the media focused on these and other related stories, you might be concerned about your own deposit accounts. The good news is that most individuals don't need to worry.
Read MoreGetting Help from a Financial Professional
Are you unsure about whether you're on the right track with your savings and investments? It may be time to consult a financial advisor.
Read MoreKeep Calm and (Financially) Plan On: Navigating Money Stress with a Financial Professional
In the midst of inflation, war, and stock market volatility, money worries may be one of the biggest sources of stress. What might a financial professional do to help you navigate money stress?
Read MoreFive Ways SECURE 2.0 Changes the Required Minimum Distribution Rules
SECURE 2.0 includes significant changes to the rules that apply to required minimum distributions from IRAs and employer retirement plans. Here's what you need to know
Read MoreSpring Has Sprung: Time to Refresh Your Retirement Plan
With 2023 bringing increased limits for 401(k)s, individual retirement accounts (IRAs), Health Savings Accounts (HSAs), and other tax-advantaged accounts, it's worth taking a closer look at your retirement savings.
Read MoreWomen’s History Month: Retirement Focus
It's Women's History Month, a time to celebrate the contributions of women. Here are ten strategies for women to utilize to help take care of themselves and prepare for retirement.
Read MoreWhy Caregivers Should Care About Estate Planning
A focus on estate planning can help caregivers determine the next steps for those they look after, and provide better peace of mind. Here are a few reasons to consider one.
Read More10 Tips to Develop Financial Wellness This Year
Financial wellness is essential to being financially secure and meeting your goals. Here are ten tips to help you develop financial wellness this year.
Read MoreKey Tax Numbers for 2023
Here are some key numbers at a glance for your 2023 taxes.
Read MoreYour Financial Fresh Start: 12 Resolutions in 12 Months
Do you want to get on top of your finances this year? Are you looking for ways to improve your fiscal health? Here are 12 financial resolutions to consider.
Read MoreThe 12 Days of Year-End Planning: Your Year-End Planning Checklist
At the end of the year it is necessary to review the last 12 months, and plan for the future. Consider breaking up the responsibilities over twelve days, focusing on one each day, and ensuring it gets a comprehensive review.
Read MoreLPL Financial Research Outlook 2023: Finding Balance
In 2023, we look to equity markets to find balance between key macroeconomic factors—inflation, interest rates, and Fed policy—and business fundamentals. Our economic and market forecasts for 2023 can help us navigate the year ahead.
Read MoreA Guide to Incorporating Philanthropy into Your Financial Planning
If you're considering giving back to society or a cause as part of your financial planning, there are many ways you can do so. You can make an impact while receiving tax benefits by including philanthropic giving as part of a holistic...
Read MoreAppropriate Checklists for Year-End Tax Planning
What are appropriate checklists for year-end tax planning?Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different...
Read MoreTreat Yourself to These 5 Retirement Savings Tricks
Your retirement is the reward after years of hard work and saving. You might dream of traveling, want to invest in a vacation home, or want to take up a new hobby. For an enjoyable retirement, saving is critical. Take charge of your...
Read MoreA Financial Review Can Pay Off at Year End
Today, many people find themselves bombarded by a constant stream of financial news from television, radio, and the Internet. Yet, does all this “information age” data really help you manage your finances any better now...
Read MoreResources for Women-Owned Small Businesses
Small businesses face many problems related to their size, capital, and capability, and for women-owned small businesses, the challenge is sometimes even greater. The good news is there are many professional organizations out there...
Read More5 Tips to Maintain Your 529 Plan During Periods of Uncertainty
The uncertainty of today's economy, rising interest rates, and market volatility may have you concerned about your 529 plan's performance over the past months. If your child or grandchild has an upcoming tuition bill soon, now may be...
Read MoreSome Things Investors Need to Know About Booms and Busts
Economies and markets are cyclical. They may include periods of wealth creation and times of bursting bubbles that bankrupt companies in a major downturn."Boom and bust" cycles may last anywhere from a few months to a few years or...
Read MoreFinancial Planning for Female Entrepreneurs
Women own nearly 20% of the businesses that employ people in the United States, and countless more women run their businesses without employees. There are over one million women-owned firms. They employ over 10 million people and...
Read MoreFour Financial Planning Essentials to Ease Your Retirement Fears
When it comes to planning for retirement, it's easy to get overwhelmed. Putting together a financial strategy can be complicated at any time of life, what with changing regulations, ups and downs in the market, and disagreements...
Read MoreWomen, Wealth, and Legacy Planning
Women play a central role in establishing and preserving family wealth -- whether nurturing the values of children, fulfilling charitable goals, or making investment decisions that affect the financial security of themselves or their...
Read MoreLPL Financial Research Midyear Outlook 2022: Navigating Turbulence
Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a...
Read MoreInvestor Summer School: 3 Investing Moves to Make Before Summer is Over
Many investors still adhere to the old adage—"sell in May and go away"—while others remain fully invested even as the summer heat waves begin. What goes unsaid is that if your asset allocation accurately reflects your risk...
Read MoreESG Investing: The New Frontier for Environmentally Conscious Investors
Environmental, Social, and Governance (ESG) investing is on the rise throughout the world. A 2018 study from Harvard University’s Kennedy School of Government found that ESG investing now accounts for nearly $30 trillion, which...
Read MoreWhat You Should Do When Facing a Bear Market
The first challenge when facing a bear market is recognizing itEvery investor knows that his or her portfolio is at least partially at the mercy of the market itself, with overall market conditions playing a huge role in general gains...
Read MoreWhy Trying To Time The Market Is Unwise
Market timing is a “strategy” of deciding when to buy and sell stocks by attempting to predict which way and when stocks will move. Let’s look at an example and the data to determine why market timing is unwise.Timing...
Read MoreRevive Your Resolve: How to Recommit to Your Goals and Resolutions
The start of the year has come and gone. You may find that the goals and resolutions you set at the start are no longer getting the attention they deserve. Whether you are feeling your motivation waning or feel like the goal is too far...
Read More4 Tips for Managing Financial Stress During the Pandemic
Two years into the pandemic, it may feel like you entered a time warp for some. And from shutdown-related expenses to changes to your employment situation or workload, it can be tougher than ever to try to navigate your financial life....
Read MoreFour Things to Know Before You Take Social Security
Preparing for retirement may be an exciting and stressful time. While the idea of leaving the workforce and enjoying more leisure time may be appealing, the prospect of no longer receiving a regular paycheck might be intimidating for...
Read MoreInvest in Your Financial Education During Financial Literacy Month
April brings more than possible rain showers. It also marks Financial Literacy Month in the U.S. Whether you’re interested in a quick refresher or seeking to learn something new, it may be worth the effort to brush up on some...
Read MoreRepayment of Federal Student Loans Extended to May 1, 2022
During Dec. 2021, many of those with federal student loans were preparing to resume payments in Jan. 2022 after a nearly two-year hiatus. On Dec. 22, President Biden provided a much-anticipated reprieve, extending the pause on student...
Read MoreWhat’s a Suitable Age to Receive Social Security?
Advice from the Social Security Administration can guide your decisionOne of the most vexing questions for anyone planning for retirement is: “What’s a suitable age to start receiving Social Security benefits?”...
Read MoreHow to Spring Clean Your Finances with a Financial Review
Spring cleaning presents a great opportunity to clear out any items you no longer need—and the same goes for your finances. Checking in with your finances during tax season may be particularly beneficial, as it allows you to...
Read MorePay Down Debt or Save for Retirement?
All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.The most important decision you can make is to take action and get started now. The...
Read More4 Ways to Be Your Own Financial Valentine
Whether you're single, paired, or somewhere in between, Valentine's Day may present the perfect opportunity to show your bank account some love. Below are four tips and tricks to set you on the path toward becoming your own financial...
Read MoreTax Prep Checklist: Everything You Need to Be Ready for Tax Season
Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...
Read MoreFour New Year's Resolutions for Current Retirees
The New Year is the time to make resolutions, and for those who are retired, those resolutions may look a little different than they did in past years. Whether you are looking to improve your health, or your finances, below are a few...
Read MoreFive Healthy Habits for Financial Wellness
Financial stress can have a direct negative impact on a person's health and happiness. Unfortunately, this may lead to a downward spiral. The more stress you're feeling, the larger your financial hurdles may seem, and the more you may...
Read MoreRetirement Mistakes to Fix Before the Holidays
Spend as much time fixing your mistakes as you do planning the holidaysYou probably spend more time planning your holiday gathering than preparing for your golden years. As a result, you make basic mistakes in trying to fund your...
Read MoreFour Ways to Improve Your Financial Literacy
Personal finance is an important area of knowledge—but it's not always taught in schools. It may be tough to master when you haven't had much guidance prior to adulthood. You may be able to improve your financial literacy and...
Read MoreKey Benefits of a Financial Advisor
Whether you've been wondering about boosting your investments' rates of return or are concerned that your financial affairs are a bit too complicated for your next of kin to handle, it may be time to seek advice from a financial...
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