January 28, 2019

Experts in the field of behavioral finance have done much research on the emotional reasons why people are savers versus spenders. Being a saver is typically good for your financial security, but it may come with some emotional baggage.

People who save may not just be s...

November 19, 2018

Rankings of the best places to live are published on a regular basis.  These rankings may look at criteria such as climate, crime rates, healthcare accessibility, job market, and educational opportunities.  These qualities are essential factors to consider when making...

November 1, 2018

The Internal Revenue Service announced higher retirement plan contribution limits for 2019. The amount employees are eligible to contribute to a 401k or 403b plan at work will increase from the annual limit of $18,500 in 2018 to $19,000 in 2019. The catch-up contributi...

July 11, 2018

Governor Reynolds signed Iowa’s tax reform bill into law in May with the intent to modernize and simply Iowa income tax law.  Changes in the law are set to phase-in over time and some hinge on the State meeting revenue projections before going into effect. 

Ke...

August 2, 2017

Why is it people tend to think wealthy people are lucky, inherit their money, or worse, cheat? 

While this may be true in some circumstances it is not the case the majority of the time.  Although dated, the book "The Millionaire Next Door," provides demographic statisti...

July 20, 2017

Consumers are seeking fiduciaries, one who works in the best interest of the consumer with no consideration to themselves, in larger numbers than ever before.  Why? People want to be confident the advice they receive from professionals is in their best interest.  The f...

July 13, 2017

Last week I blogged about the newlyweds out there, and what they could do to start their financial journey on the right path. Today we are going to talk about another type of newlywed, the newly remarried. The newly remarried couples have interesting financial consider...

October 3, 2016

Social Security announced the 2017 cost-of-living adjustment (COLA) for next year will be 0.3 percent.  The announcement also stated the maximum amount of earnings subject to the Social Security tax will increase from $118,500 to $127,200 effective January 2017.

The goo...

July 20, 2016

Many people are simply not prepared to pay the bill for an expensive nursing home or assisted living facility.  According to a survey conducted by Genworth, the current median yearly cost for a private nursing home room in Iowa is about $73,000 a year and the national...

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...

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April 7, 2020