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How to Teach Your Kids About Money

December 6, 2021

It’s never too early to teach your children self-sufficiency and appreciation for what they have, especially when it comes to finances. But where (and when) do you even start? To help you navigate the subject, we’ve put together these 7 tips to teach your kids about money.

Estate Planning Guide and Checklist: 10 Tips to Get Started

October 25, 2021

According to the American Association of Retired Persons (AARP), nearly 60% of all Americans are without a will or other essential legal documents.  Many people think estate planning is reserved for the rich, but it’s in your best interest to plan for who you want to receive your stuff after you pass away.  Without your own legal documents, most states will make that decision for you through their intestate laws.  One of the easiest ways to make sure that all of your money goes where you want it to, is through current beneficiary designations on any account that allows this choice.  Then a will can cover anything that you own that doesn’t have a beneficiary option.

An estate plan is designed to serve as a road map for dividing assets when you pass away and how you want to handle your things if you become unable to do it yourself. You’ve spent your entire life building your estate, no matter how big or small, and it’s in your best interest to decide how you want your assets distributed after you pass away.

Investing for Beginners: How to Plan for Your Future Today

October 11, 2021

You probably already know that one of the best ways to grow your money for the future is to invest it.  The first place to start is with your employer’s 401(k) which allows you to contribute on a regular basis, and not worry about what the market is doing on a daily basis.  Many 401(k) plans offer a company matching percentage, which is supplemented money.  For example: your employer offers a 3% match, make sure that you’re contributing at least 3% of your income to receive the full match.

If the idea of where to invest your hard-earned money is intimidating, there are usually mutual fund choices in an employer plan that provide an easy start point.  One type of diversified mutual fund will normally have a targeted year of retirement in the name, and this allows the mutual fund to manage your money for you.  What other investment decisions are important to consider?  Let’s explore how to start investing in a way that’s diversified with reasonable risk for your goals.

Posted in: brokerage, firm, fund, index, investing, market, plan, retirement, savings, stock

Everything a Brand-New College Student Needs to Know About Banking and Finances

August 3, 2021

Going to college is an exciting time. For many young adults, it’s their first taste of independence, and with that comes an opportunity to build a foundation for their financial future. To help them start strong, we’ve outlined information on the best bank accounts for students and financial tips for college students.

Posted in: budgeting, finances, student