How The Best-Kept Secret Of The US Tax Code Can Help You Save For Retirement

From: www.forbes.com

This month I was lucky enough to sit down with Jean Chatzky, CEO of HerMoney, to talk about what may be the best-kept secret when it comes to saving money on taxes: Health Savings Accounts.

Why is it a secret? Well, it’s technically not. But, the benefits of this account…

5 Financial Considerations of Divorce

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

No one wants to think about examining and dividing their finances, but divorce happens.

In particular, an increase in “grey divorce” (divorce involving couples over 50 years old) is something you may have heard about. The longer a couple is together, the more complicated the financial aspects of separation can become.

In the case that there is no prenuptial agreement…

Protecting Your Assets with Life Insurance

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Life insurance can potentially protect and even increase generational wealth in ways many people don’t know about. Have you taken a look at the various options lately?

While buying a term policy and investing the difference might be a good idea for younger people with few assets, your needs and priorities may shift as you grow older.

Learn how…

Discussing Financial Milestones as a Parent

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

It can sometimes feel awkward or challenging to talk about money and the future, especially with your children.

But if you want to help minimize stress for everyone, you may want to prioritize certain conversations.

Whether your kids are adults, teens or younger, here are a few big financial topics to keep in mind as you work to set…

By Sharon Wagner

Retired and want to work part-time? A job keeps the golden years interesting and helps older adults stretch their retirement savings. However, most retirees don’t want to head back to the office full-time. Instead, they’re looking for a part-time encore career that stimulates their mind, pads their pocketbook, and leaves plenty of free time for enjoying their senior years. But does flexible, well-paid, and interesting work for seniors really exist? You bet!…

Getting Remarried? Avoid These 4 Estate-Planning Pitfalls

From: www.barrons.com

With a rise in “gray divorces” in recent years, it’s only natural that remarriage has become more prevalent among seniors. But people tend to be lax about updating their estate plan.

It’s easy to have an estate plan fall out of date following a remarriage, says Steph Wagner, director of Women & Wealth at Northern Trust, but the…

David H. Morgan joins The Daily Two to talk about the ins and outs of tax preparation:

State Rainy Day Funds and the COVID-19 Crisis

From: taxfoundation.org

Key Findings

• State revenue stabilization funds, often called rainy day funds, are better funded now than they were at the start of the Great Recession and can be a valuable tool as states face a sharp pandemic-linked economic contraction.
• The median rainy day fund balance is 8 percent of state general fund expenditures, but several states have little or no…
  
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Why Structured Notes?

From: bluetoad.com

A Unique Source of Yield in a Low-Interest Rate World

The fallout from the COVID-19 pandemic and the monetary policy response has challenged investors searching for yield. Equity dividends are no longer as safe as they once were, and interest rates are near historic lows with the likelihood that they will stay lower for longer. This challenge has investors looking for unique sources of yield. We…

3 Questions to Ask Before You Downsize

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Homeowners may choose to downsize for a variety of reasons. Maybe you’re tired of maintaining an older home, maybe you don’t need as much space anymore, or maybe you’re just ready for a change.

No matter the motivation, this is a big decision with many financial details involved.

Have you been thinking about simplifying and wondering if…