During the holidays, many people start to experience the financial stress of everything that accompanies the festivities.
Protecting your hard-earned savings is important. One part involves following the Federal Deposit Insurance Corporation (FDIC) rules.
Perhaps you have left your job, retired, or are receiving some form of 401(k) distribution and it is now time to decide what to do with the funds.
According to a 2015 survey by HSBC Bank, American retirees expect to leave an average inheritance of almost $177,000 to their heirs.
Life insurance has a place in the financial lives of many people. For example, income replacement in the case of a loss of a spouse is important for financial security.
After years of saving and investing, you can finally see your retirement on the horizon. But before kicking back, you still have some important planning to do. The following frequently asked questions about retirement income should help you begin the final stages of retirement planning on th…
While financial literacy and money management may not have been vital skills taught to the children of generations past, they are undoubtedly necessary to the children of today. But just how well are these skills being taught?
New to mutual fund investing? Given the number of mutual funds available it can be overwhelming to select the ones that are best suited for your portfolio. Understanding the different fund categories can be a good first step.
You may have heard the phrase "establishing a credit history," but just what does this mean? What is credit? Credit usually refers to the ability of a consumer to obtain goods or services before payment based on the trust that payment will be made in the future.
It happens - your hours are reduced at work, you just got divorced or perhaps you recently became unemployed - and the result is less money to pay your bills. In these situations, what you do now can impact your financial future and just how severe your financial problems might become.
As IRAs can be a key part of your retirement savings strategy, setting aside time during the year to review the do's and don'ts of successful IRA management is a great idea. Here is a list of some of the key points:
Sometimes life throws you a curve, and perhaps you have just had a big one thrown at you - you've been fired. Before panic sets in, here are some pointers to help you move on to a brighter future.
Homes come in all shapes and sizes: large, small, old, and new. Like homes, mortgages also vary. Deciding on the right type can be a daunting task.
It is hard to believe, but it was way back in 1996 that Section 529 Plans were created. They were designed to give people a tax-advantaged way to save for college. Subsequently, in 1997, Roth IRAs were created. These were tax-advantaged vehicles as well. Roth IRAs, however, were created to h…
Long-term care includes a range of services that helps people with chronic illnesses or disabilities. It can include both medical and nonmedical needs. It can involve the ability to perform certain basic tasks like feeding oneself, bathing, dressing, transferring and toileting.
Whether your home was damaged by a major storm or whether it was spared, it is important to know what to do and what to expect when you file a claim for losses under your homeowner's insurance policy.
Condos can be a great choice for buyers wanting a low-maintenance home. In addition to lower upkeep expenses, there are some other factors that make owning a condo different, including insurance.
Turning 50 is a big milestone in most people's lives. Retirement is on the horizon, and saving for it is a concern. People age 50 and older have one significant advantage in this area. They can make what are known as "catch-up" contributions to an IRA and some workplace retirement plans. Cat…
While no one likes to think about these things, what would happen if you were unable to take care of yourself mentally or physically?
Along with showers, April brings us National Financial Literacy Month. We all know that literacy is the ability to read and write, but what exactly does financial literacy mean?
Picture this: a frantic call to the family lawyer by a recent widow, who we'll call Fran. Fran has just learned that the life insurance proceeds from her deceased husband, Ed, are going to be paid to his ex-wife, Sally. As Ed's current wife, shouldn't she, not Sally, be entitled to the proce…
Maybe you received a very nice monetary gift for your birthday and you just don't know what to do with the money. We are glad you are being careful about its use and would suggest the following points for your new funds.
You might have lost your job at some point, or becoming unemployed is something you're concerned about. Either way, the keys to surviving a job loss financially are to plan ahead, evaluate your income and cut your expenses. Now is the time to plan. Here are a few suggestions to help you do so:
Sometimes people groan when they think of record keeping and all the boxes of files that have accumulated over the years.
Retirement is a major milestone that brings many changes. One of the biggest fears retirees have is outliving their savings. According to the Transamerica Center for Retirement Studies, 41 percent of retirees have this as a concern. This goes hand in hand with the finding that only 46 percen…
Many people consider a large inheritance a blessing; however, being suddenly wealthy can bring some stress along with the money. You will need to review your new financial situation and manage assets that you never had before.
Most stock market investors are looking for the same result: strong and steady gains on their investments. Dealing with a period of sustained falling stock prices is not easy. All too often, investors react to a sharp drop in prices by panic selling or digging in their heels, despite deterio…
On Dec. 22, 2017, President Donald Trump signed into law the Tax Cuts and Jobs Act. It is a mixture of permanent provisions and ones that will expire at the end of 2025 - another law with "sunset" provisions included.
When people think of their most valuable asset, they usually think of their home or investment portfolio. But for most, it really is the ability to earn a living. Consider what your financial life would be like if you weren't able to work for any length of time.
Now that we are in a new tax year with many changes to tax brackets and deductions, it is time to conduct a review of your tax situation for 2018. Among the items on the list should be your income tax withholding.
While preparing your income tax return, many of you probably have given some thought to whether or not to make a Traditional IRA contribution. Few people, however, actually take action and do so. According to a TIAA-CREF survey, only 18 percent of Americans are contributing money to an IRA.
Would your family like some help paying your federal income taxes? Tax credits might just do the trick. Credits directly reduce your tax liability, and some are even refundable. This means if your tax liability is reduced to zero, and there is still some credit left, all or a portion of the …
The start of a new year is the traditional time for making resolutions toward achieving your goals, but a goal without a plan is just a dream. Here are our steps to help turn your financial dreams into reality:
In speaking with local entrepreneurs, a common piece of feedback is that New Hampshire fosters an impressively collaborative business environment, particularly when compared with innovation hubs in other parts of the country.