Personal Finance 101

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  • The Paycheck Checkup: How to Save on Hassle, Headache & Cash

    You don’t want to owe money come tax time, and you don’t want the Government holding onto more money than is necessary. With a multitude of changes to the tax code, resulting from the “Tax Cuts and Jobs Act of 2017” that was signed into law December 22, 2017, millions of Americans will see changes […]

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  • Five Tragic Losses of ‘Someday’ Syndrome

    “Someday, I’d like to be able to enjoy my retirement.” “Someday, I’d like to be able to travel.” “Someday, I’d like to be able to relax.” Are you one of the people who talk about “someday” but you lack a solid plan to get you there? Retirement is going to happen “someday” but your preparations […]

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  • Four Drawbacks to Investing in Mutual Funds

    Mutual funds are a passive investor’s dream. They’re cheap, “diverse,” and (usually) well managed. Compared to a savings account, they seem like a fixed race. And they beat CDs (“certificates of deposit”) by a nose. But like anything that can seem too good to be true, mutual funds come with their own drawbacks. Mutual funds […]

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  • Money Matters in Marriage: How Spenders and Savers Can Stay in Sync

    Marriage: the word itself means to fuse, mix, blend, merge–and yet personalities and pre-marriage spending habits are regularly cited as some of the most contentious and divisive issues faced by married couples. One spouse likes to splurge, the other saves. One always assumes there’s enough money in the account, the other knows account balances to […]

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  • Poverty Prevention for Millennials: Education, Employment, Saving

    Millennials (adults ages 18-32) constitute the largest and best-educated age group in today’s society, according to Wendy Wang, co-author of “The Millennial Success Sequence,” with W. Bradford Wilcox, an associate professor of sociology at the University of Virginia. But they risk poverty due to lifestyle choices, according to Wang and Wilcox. The authors contend traditional […]

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  • 7 Ways to Celebrate Paying Off Your Mortgage

    For the vast majority of people, the day you ‘buy’ your house is the beginning a long line of mortgage payments. Slowly and diligently over time, you watch that number go down. This gets especially exciting, almost nail-biting, in the very last year as you anticipate the moment when your home will be 100% yours. […]

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  • 5 Key Decisions of Estate Planning

    No one wants to think about what happens when you’re no longer here — especially if you’re younger, still have kids at home and are in the process of building your career. You might think estate planning is only for older people who are closer to the end of their lives, but it’s important for younger […]

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  • Understanding Traditional IRA Withdrawal Rules

    An important part of retirement planning is understanding the rules the IRS sets in relation to traditional IRAs. These traditional IRA withdrawal rules exist in an effort on part of the government to make sure IRA money is used specifically for one’s retirement. Breaking IRA withdrawal rules can result in you having to pay a […]

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  • 7 Reasons Why You’re in Debt Up To Your Eyeballs

    If yours is one of the 80% of American families that hold some form of debt, you’re at risk of finding yourself on the slippery slope toward being eyeball-high in debt with little hope of ever digging yourself out. A good way to avoid this kind of financial catastrophe is to understand why people allow […]

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  • A Common Misconception About Active Wealth Management

    For decades, the average American has used mutual funds to grow their money. The typical mutual fund is “actively managed”, which is a great selling point for the fund. Most people think active management will maximize growth when markets are going up, and minimize, or even eliminate, loss when markets are in decline. That’s a common […]

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