December 30, 2019

Thanks to the Tax Cut and Jobs Act’s higher standard deduction, fewer taxpayers are itemizing on their tax returns. A negative side effect is that taxpayers are unable to utilize the deduction for donations made to a qualified charity. One way around this situation is...

May 26, 2016

May 29 (5/29) is 529 College Savings Day to raise awareness to the fact that saving for college is an important step families can do for their children.

A 529 Savings Plan offers considerable benefits for the participants such as tax-deferred earnings, tax-free distribu...

September 29, 2015

Millennials are coming of age with the lowest interest rates in history and in turn the use of debt is at an all-time high.  Younger adults tend to use credit cards to fund day-to-day purchases and may not know that how they use them can make a difference later.  Livin...

January 27, 2015

Check out this article “The Typical American's Net Worth By Age: Here's Where You Stand”.  It compares household net worth by age as reported by the Census Bureau. 

I think it is interesting that the 70th percentile for the 35 to 44 age group has similar net worth...

August 4, 2014

Households have higher net worth when they don’t have outstanding student debt, according to data published by the Pew Research Institute.  The study compared income and net worth of households headed by a person college-educated age 40 or younger.  The study revealed...

July 14, 2014

Being a recent college graduate, the thought of saving for retirement seems crazy.  No doubt, other Millennials feel the same.   We have 40 to 50 years before retirement and people are telling us we need to start saving for it!  It may be that we don’t know where to st...

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