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529 Plans College planning Forbes Prioritizing financial goals

Are You Saving Too Much For Your Kids’ College?

With the average cost of college nearing $33,000 per year, few parents have concerns about saving too much for their kids' college. But that doesn't mean they shouldn't be. Whether you're over-funding a 529 plan and risk incurring taxes and penalties or prioritizing college savings over your own financial security,…

Kristin McKennaFebruary 1, 2021

Budgeting Building Wealth Cash Management Diversification Financial Planning Forbes

Manage Your Money Better By Focusing on What You Can Control

Focusing on what you can control is one of the best ways to manage your money. Investors often fail to recognize the aspects of their financial situation that are within their control. For example, if asked why you don't have more extra cash leftover each year, what would you say?…

Kristin McKennaJanuary 18, 2021

401(k) Plans Forbes Inheritance Updated for 2021

If You Inherited A 401(k) From A Parent, Here’s When You Need To Take The Money—And When You Should

As part of the Secure Act, most adults who inherit a 401(k) from a parent must take the money in 10 years. Depending on your financial position and life stage, this could complicate your tax situation. After inheriting a 401(k) from a parent, consider ways to balance the benefits of…

Kristin McKennaDecember 15, 2020

Financial Planning for Couples Forbes Retirement Planning Updated for 2021

How Couples Can Save For Retirement When One Spouse Stays Home

How should married couples save for retirement with only one income? Saving for two when one spouse is the primary breadwinner or a stay-at-home parent can be challenging depending on your income. Fortunately, with proper planning, an eye on expenses, and enough time, couples can still save for retirement when…

Kristin McKennaDecember 11, 2020

Financial Planning Forbes Tax planning

Year-End Financial Checklist: 4 Money Moves You Should Prioritize Now

The end of the year is a busy time for most people. Unfortunately, it is usually also the last opportunity to make financial moves that will count towards the current year. If you've been slow to tackle your financial to-do list this year, consider completing your checklist before the end…

Kristin McKennaNovember 9, 2020

401(k) Plans Employee benefits Forbes Retirement Planning Tax planning Updated for 2021

Roth 401(k) vs Traditional 401(k): Investing Pre-Tax or After-Tax

Which is better, a Roth or traditional 401(k)? The central difference between a Roth 401(k) and traditional 401(k) is the tax treatment of your contributions. Investors make traditional 401(k) contributions before tax while Roth savings occur after tax. Which is best for you will depend on your current/future tax situation,…

Kristin McKennaOctober 26, 2020

Forbes Retirement Planning Updated for 2020

Here’s What Maxing Out Your 401(k) Could Get You In Retirement

Is maxing out your 401(k) enough? When saving for retirement, you’ll want to find out what level of income your current contributions could provide down the road. For some investors, saving diligently during their working years will be enough to provide the lifestyle they want in retirement. But for others,…

Kristin McKennaOctober 12, 2020

Diversification Forbes Investing Managing Risk Stock options

If You Own Too Much Stock In One Company, It’s a Good Time To Consider Diversifying

Can you own too much of your employer's stock? Undoubtedly, yes. Does holding a lot of company stock create the potential for a large windfall? Also, yes. For employees, it can be difficult to know how much company stock is too much. But identifying a concentrated position is often just…

Kristin McKennaSeptember 21, 2020

Forbes Home buying Interest rates Mortgages

Putting A Lump Sum Towards Your Mortgage Won’t Lower Your Payment

Putting extra cash towards your mortgage doesn't lower your payment If you have extra cash and are considering putting it towards paying down your mortgage early, you should be aware that it won’t automatically reduce your payment. Putting extra cash towards your mortgage doesn’t change your payment unless you ask…

Kristin McKennaSeptember 14, 2020

Asset Management Current events Forbes Investing

How The Stock Market Has Performed Before, During, And After Presidential Elections

How The Stock Market Has Performed Before, During, And After Presidential Elections There’s a lot going on during any normal election year, but fittingly, this time seems different. Of course, when it comes to investing, unless you have a crystal ball, it’s not worth trying to predict the future. Indulging…

Kristin McKennaAugust 24, 2020

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