Op-ed: Here’s the financial impact of the NCAA permitting college athletes to profit off their name, image and likeness
Student athletes and their parents have likely heard that the NCAA has opened the door to allow collegiate athletes the ability to profit off their name, image and likeness.
Time to fly the nest: How young adults can find financial success
There’s something to be said for living with mom and dad. In fact, more and more young adults are opting to do just that thanks to things like student loan debt and high rents. Yet, there comes a time when they need to strike out on their own and become financially independent. Stephanie Ei …
It’s not just about the money
When planning retirement, it’s also important to consider what you’re going to do.
4 Tax Pitfalls High Net Worth Clients Should Avoid
Tax pitfalls are something everyone tries to avoid, especially high net worth clients. Investing can bring on excess tax burdens if your clients are not aware of things they should be on the lookout for to avoid potential problems. Here, I’ll discuss the top four tax pitfalls that are …
Is 2020 a Good Time to Invest?
With U.S. and international stocks in flux thanks to the coronavirus pandemic, it’s easy to assume that investing your money right now isn’t the brightest idea. However, as with any recession, certified financial planners say there are still solid opportunities to invest some cash — as long …
Retirement Checklist: Maximize Savings Through Every Decade of Your Life
Americans of all ages often dream about retirement, but most struggle to actually save for it. Let’s face it, in the shuffle of immediate priorities, saving and planning for retirement isn’t a walk in the park. We all know we need to save for the future, but more than half of Americans don’ …
Debt piling up during the coronavirus outbreak? Here’s how to manage it
It’s never ideal to build up debt, but it may be necessary these days. The coronavirus outbreak has disrupted the economy. Businesses have shuttered and workers have been laid off or furloughed from their jobs. On April 2, the Labor Department reported 6.6 million people filed for unemploym …
The 3 Questions to Ask Your Lender During the Preapproval Process
Buying a home is one of the biggest decisions you’ll ever make — and being prepared ahead of time with a preapproval letter can make the process a lot smoother. Getting a mortgage preapproval gives you a leg up in the buying process by showing how serious you are about purchasing a home and …
How to financially support your adult children without breaking your nest egg
If parents aren’t careful, financially supporting their adult children could harm their retirement — and damage their kids’ own financial development. Of course, living in the time of Covid-19 brings its own set of unique circumstances. Many young adults are reeling from the economic fallou …
More than 1 in 4 Americans are raiding their retirement accounts after a coronavirus-related job loss
More than 38 million people have filed for jobless claims since the coronavirus pandemic started. The unexpected loss in income is causing many Americans to tap their retirement savings just to make ends meet. And many people who lost a job — or have a spouse or partner whose income has de …
How to avoid a tax problem if you get a refund from your college for spring semester
If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the spread of Covid-19, refunds for meals or housing have varied from school …