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Every new year brings the opportunity to set financial goals, but many resolutions fizzle out before February. Whether your priority is saving more, paying down debt, or investing for the future, creating a realistic plan and adopting...

What is it?You and your spouse have recently divorced or are planning to divorce. Either one of you may have life insurance policies in effect, and you probably have questions about your new and continuing needs for life insurance. You...

As a partner or co-owner (private shareholder) of a business, you've spent years building a valuable financial interest in your company. You may have considered setting up a buy-sell agreement to ensure your surviving family a smooth...

The end of the year is a natural time to take stock of your financial picture. This includes the insurance coverage that protects your income, family, and assets. Life changes, inflation, and shifting financial goals can all affect how...

As the year comes to a close, it’s a good time to check in on your investment portfolio. Market fluctuations, changing interest rates, and personal milestones can all impact whether your investments still align with your goals and...

Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years. Why work during retirement? Obviously, if you...

What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different...

The holidays can be joyful and expensive. With higher prices on everything from travel to groceries and endless options for gifts, it’s easy for spending to spiral. A thoughtful plan can help you keep the season merry without straining...

Thanksgiving brings together two of life’s best things: food and family. Whether you’ve been heading to grandma’s house for the past 20 years or you’re hosting your first Friendsgiving in a tiny apartment, the same beloved traditions...

Life insurance can be an excellent tool for charitable giving. Not only does life insurance allow you to make a substantial gift to charity at relatively little cost to you, but you may also benefit from tax rules that apply to gifts...

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices regardless of whether you...

What are budget goals? Think of your budget goals as your financial wish list and your spending plan as a way to make those wishes a reality. Without clear budget goals, your financial life may remain in disarray. Like any other goals...

Children are a special blessing and their arrival brings boundless love and joy into our lives that you can't put a price on. But adding a child to the household impacts the family budget in very measurable ways. Whether this is your...

The traditional image of retirement often involves a clear-cut path: work for X years, retire at age Y, and live comfortably on a pension and Social Security. While appealing, this retirement picture is rapidly changing. Today, the...

When it comes to something as personal as our finances, it's natural that our individual perspectives, experiences, and even our gender can shape how we approach money and who we trust for advice. A study conducted by Barnum Financial...

In the world of financial planning, few tools are as universally valued as life insurance. While some people may put off having the conversation, our Study of Working Americans reveals a powerful truth: those who have it, value it...

What is maximizing the estate planning value of life insurance?Simply put, maximizing the estate planning value of life insurance means getting the most bang for your buck. That is, it involves keeping as much of the proceeds as...

The underwriting process is how an insurance company evaluates the risk of insuring an applicant to determine their eligibility for coverage and set the appropriate premium. It's a comprehensive review that assesses a wide range of...

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement...

As the Connecticut summer winds down, an opportunity emerges for savvy shoppers and families gearing up for fall: the annual Sales Tax-Free Week. From Saturday, August 17th, through Friday, August 23rd, 2025, residents of Connecticut...

Entrepreneurs face distinct challenges when securing their retirement. Their fluctuating business income, coupled with the inherent uncertainties of a dynamic business plan, creates a unique landscape compared to traditional employment...

You vaguely remember signing a form every year at college registration time. Now that you've graduated, it's all become painfully clear — those forms were promissory notes detailing your student loan obligations. Your loans aren't...

As the summer winds down, many families find themselves in a natural moment of reflection – shifting focus from leisurely pursuits to the long-term stewardship of their legacy. August, often a quieter period, presents a strategic...

Life's an unpredictable journey, isn't it? One moment you're cruising, and the next you're navigating a sharp turn. It could be a new job, a growing family, or an unexpected expense. These shifts, big and small, directly impact your...

You've worked hard your whole life anticipating the day you could finally retire. Congratulations — that day has arrived! But with it comes the realization that you'll need to carefully manage your assets to give them lasting potential...

A Look at Its History, Importance, and Evolving Landscape The American workplace has undergone a dramatic transformation over the past century, and with it, the nature of employee benefits. In the midst of this evolution, one piece of...

Medicare, the federal health insurance program for Americans aged 65 or older and certain younger individuals with disabilities, is constantly evolving. The updates primarily driven by the Inflation Reduction Act of 2022 (IRA), aim to...

You're an adult, and that distinction comes with some privileges, benefits, responsibilities, and choices to make, including the potential decision of whether to live with your parents or move out. Not surprisingly, there are pluses...

Investing in Collectibles as an Alternative Asset Imagine stumbling upon a dusty painting in your attic, only to discover it's a lost masterpiece worth a fortune. Or perhaps the carefully preserved vintage baseball card you inherited...

We all have causes that stir our hearts, issues that ignite a desire for change. Often, our generosity manifests as a check, a contribution made with good intentions. But what if our giving could transcend a single transaction, and...

When it comes to planning for your retirement income, it's easy to overlook some of the common factors that can affect how much you'll have available to spend. If you don't consider how your retirement income can be impacted by...

What is it?If you don't have disability income insurance because you can't afford the premiums, you should know that there are several strategies you can use to make disability coverage more affordable. These strategies include...

By investing for retirement through your employer-sponsored plan, you are helping to manage a critically important financial risk: the chance that you will outlive your money. But choosing to participate is just one step in your...

Save your money. Stick to a budget. Invest in a 401K. Plan for your children’s education. Prepare for retirement. As we all work in our various career fields, these are the phrases we hear consistently. Building a financial plan is...

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his...

We live in a world where financial decisions are woven into the fabric of our daily lives. From managing student loans to planning for retirement, the ability to navigate the complexities of personal finance is more crucial than ever....

What is it?Evaluating and comparing life insurance policies is complicated. After determining how much life insurance you need, you must decide what type of life insurance to buy. Should you buy term insurance? A whole life policy? A...

If a former student is past due on a Federal student loan, there is an obvious way to bring the loan account current. The borrower simply pays the past due amount and continues on with his or her payment plan. However, most delinquent...

Life insurance. It's a topic that often elicits a mix of emotions: concern, perhaps a touch of anxiety, and for some, a sense of overwhelming dread. We know, as financial professionals, that it's a crucial component of a sound...

Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. Whether you have just graduated and taken your first job, or are starting a family, enjoying your peak...

As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what's...

If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year....

You will need to think about the disposition of your assets at your death and any tax implications. Statistically speaking, women live longer than men. So if you are married, you'll also probably have the last word about the final...

Disasters can strike anybody at anytime, resulting in catastrophic property damage and loss. Fires in dwellings and natural disasters such as floods, hurricanes, tornadoes, severe storms, mudslides, and wildfires cause significant...

Submission of the Free Application for Federal Student Aid (FAFSA) is the first step for all students seeking Federal, state, college, and private financial aid. To improve the financial aid process, the FAFSA Simplification Act (the...

Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is...

One of the challenges of investing during retirement is providing for annual income while balancing that need with other considerations, such as liquidity, how long you need your funds to last, your risk tolerance, and anticipated...

Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you'll need to estimate not only your anticipated expenses but also what sources of retirement income you'll have and how long...

You may be counting on funds from a defined benefit plan to help you achieve a comfortable retirement. Often referred to as traditional pension plans, defined benefit plans promise to pay you a specified amount at retirement. To help...

Parenthood can be both wonderfully rewarding and frighteningly challenging. Children give gifts only a parent can understand — from sticky-finger hugs to heartfelt pleas to tag along on Saturday morning errands. You raise them with a...

Investing for your retirement isn't about getting rich quick. More often, it's about having a game plan that you can live with over a long time. You wouldn't expect to be able to play the piano without learning the basics and...

Married couples often decide together that one spouse should be the primary breadwinner while the other stays home to take care of family members. Although this often works out well for childrearing or eldercare responsibilities in the...

What would you do with an extra $10,000? Maybe you'd pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Now that you've come into a...

What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills,...

Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important...

If your employer-sponsored 401(k) or 403(b) plan offers pre-tax, Roth, and/or non-Roth after-tax contributions, which should you choose? How do you know which one might be appropriate for your needs? Start by understanding the features...

Planning for your own business Before you start your own business or buy an existing business, you should do some initial planning. You may have already decided what type of business you want — your own restaurant, retail outlet,...

Women often face special challenges when planning for retirement. For example, if they are the primary caregivers in their families, their careers may be interrupted to care for children or elderly parents, which means they may spend...

Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or...

If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property you own when you die (i.e., your estate) may also be subject to...

Barnum Financial Group is dedicated to empowering Americans in the workplace to achieve their financial goals. We understand the complexities of navigating today's financial landscape, and we're committed to providing the guidance and...

Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to send your child to college. Or...

At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine...

If you're a senior, the future may present more of a concern than it once did--you may wonder what you'll do if your health deteriorates. If you must enter a nursing home, for example, how will you pay for it? Fortunately, you may have...

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it's time for you to make sure that your child has enough financial knowledge to manage...

What is it? Life insurance can be complicated. Yet many people have life insurance because they recognize the need to provide adequate resources for their dependents when they die. Many others treat their life insurance policies as...

Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed...

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices regardless of whether you...

How much life insurance do you need? Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals. For example, when you're...

You may have lost your job already, or it's something you're concerned about. Either way, the keys to surviving a job loss financially are to plan ahead, take stock of your income, and cut your expenses. Plan ahead If you haven't been...

Whether you're a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan. Why? A well-thought-out and...

If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with...

The cost of long-term care can quickly deplete your savings and affect the quality of life for you and your family. Long-term care insurance allows you to share that cost with an insurance company. But premiums for long-term care...

An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you...

If you've lost your job, or are changing jobs, you may be wondering what to do with your 401(k)-plan account. It's important to understand your options. What will I be entitled to? If you leave your job (voluntarily or involuntarily),...

When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you...

During your working years, you’ve probably set aside funds in retirement accounts such as IRAs, 401(k)s, or other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings...

The Free Application for Federal Student Aid (FAFSA) is the means by which students obtain their fair share of the billions of dollars in Federal, state, and college financial aid to help defray the cost of college. The problems...

Have you ever wondered how you would manage if you suddenly fell ill or were in a debilitating accident? What would you do if you’re unable to earn a living or financially take care of yourself and your loved ones? According to data...

529 plans can be powerful college savings tools, but you need to understand how your plan works before you can take full advantage of it. Among other things, this means becoming familiar with the finer points of contributions and...

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don’t take any money out until you’re ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn’t it? But that’s what...

Working from home can certainly provide you with personal benefits, such as a flexible schedule and more family time. But increasing numbers of people are discovering the tax advantages as well. It’s no secret that you generally can’t...

Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children...

Have you ever wondered about retirement beyond the savings account? Your retirement should be more than just numbers on a statement. Go beyond financial planning and think about a holistic lifestyle. Here is a guide to help you prepare...

One skill that doesn’t lose value even as you age is financial literacy. Seniors struggle with maintaining a fixed income essential for comfort and increasing medical needs. They’re also increasingly vulnerable to fraud, making them...

Buying insurance is about sharing or shifting risk, but you may think you’re covered for specific losses when, in fact, you’re not. Here are some common coverage gaps to consider when reviewing your own insurance coverage....

Business owners hire their children for sound reasons such as instilling a strong work ethic, teaching responsibility, encouraging entrepreneurship, reducing taxes, and saving for a college education. The Tax Cuts and Jobs Act of...

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital....

One reason for the establishment of the U.S. Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business with its ...

What if you’re saving as much as you can, but still feel that your retirement savings goal is out of reach? As with many of life’s toughest challenges, it may help to focus less on the big picture and more on the details.

The Covid-19 pandemic exposed how financially vulnerable many people are and forced us to rethink everything we once knew about money management. The impact of the coronavirus revealed the harsh truth of how unpredictable the future...

There are a lot of articles aimed at people who realize as they grow closer to retirement, they will not be able to generate enough income in retirement to meet their needs. They include tips like: Delay retirement: 65 is just a number...

The 20s are a wild decade. One moment you’re graduating college, without a worry (just a bit of student debt) in the world, the next, you are hitting the big 3-0. There are two types of people in the world — those who get...

One of the questions we often get, particularly from newer investors or people who are moving into another stage of their investment lives, is “how can I gauge my risk tolerance?” Risk tolerance is an investment term...

There are such things as good and bad retirement accounts, but which is which often depends on your situation. Take traditional and Roth IRAs, for example. They’re similar in a lot of ways, but one of them is probably going to...

You may have heard that IRAs and employer-sponsored plans [e.g., 401(k)s] are the best ways to invest for retirement. That's true for many people, but what if you've maxed out your contributions to those accounts and want to save more?...

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities...

Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you're not participating in it, you should be. Once you're...

Your teen is becoming more independent, but still needs plenty of advice from you. With more money to spend and more opportunities to spend it, your teen can easily get into financial trouble. So before money burns a hole in your...

When your local weather forecaster tells you that it's going to rain, what do you do? That's easy--you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability...

You're about to receive a distribution from your 401(k) plan, and you're considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble-free, there are some pitfalls you'll want to avoid...

When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes.  A few words about...

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached.  That's where financial...

The holiday season should be a time of joy and celebration, but for many it includes added financial stress. The pressure to find the perfect gift, coupled with enticing holiday deals and effective marketing campaigns, could lead to...

Retirement healthcare planning is the process of strategizing and securing healthcare coverage and funds for medical expenses during retirement. It’s crucial because healthcare costs tend to rise with age, and without proper...

It’s the holiday season and there’s nothing more festive than fraudsters and scam artists coming out of their holes to steal money from you. But we’ve got you covered. The more you know about these potential holiday...

Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your...

Navigating the holiday season while keeping your finances intact is quite the challenge. Exploring these effective tips may go a long way to helping save you money during this festive period. From thoughtful gift-giving to strategic...

The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may...

Financial literacy may seem like a no-brainer, but statistics say otherwise. According to Annuity.org, more than 30% of Americans said they are just getting by in terms of their finances. This means that debt management, investment,...

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to...

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial...

Open enrollment is the annual designated period where employees review, adjust, or select coverage plans to accommodate their evolving needs. This year's timeframe begins from November 1, 2023, to January 15, 2024.

Medicare is a healthcare program offering coverage to eligible individuals aged 65 and older and those with certain disabilities. It operates as a federal health insurance program, primarily funded through payroll taxes, providing...

Since the beginning of our existence, humans have associated long life as a gift, a stroke of luck, or the result of good genetics. With advancements in technology that help enable medical breakthroughs and the increasing knowledge on...

It's difficult to imagine functioning in today's world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a...

The entertainment industry has always been a major influence on the U.S. and global economies. One of the biggest sporting events of the year, The Super Bowl, generates billions of dollars in economic activity. Super Bowl LVI, in 2022,...

Real estate has been all the rage over the years as a safe and reliable investment, but does it live up to the hype? Discover the ups and downs of investing in real estate, shedding light on the potential drawbacks despite its apparent...

Fixed rates provide stability. Understanding the concept of fixed rates is crucial for financial security. With payments that remain constant over an agreed period, loan borrowers are protected from interest rate fluctuations....

Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility —...

By now, you’ve already heard of ChatGPT and Google Bard by reading various online articles, seeing reports on the news and in general conversations with colleagues. Both inventions are essentially Artificial Intelligence (AI)...

Many people view student loans as a necessary evil. Very few of us have the financial ability to save enough money to cover the entire cost of college for our children. The majority need to borrow money and take out loans. But where do...

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement...

Warren Buffett is often considered a man of great wisdom and unparalleled success in the world of investing. Buffett's journey is a testament to the power of knowledge, patience, and staying true to one's principles. With a net worth...

By Stuart M. Brown, Partner and Co-Chair, Commercial Transactions, Brown Moskowitz & Kallen, P.C. And  Richard A. Fortune, LUTCF, Financial Services Executive and Financial Advisor, Barnum Financial Group, Team Fortune...

By now the dust has settled on the recent debt ceiling crisis that plagued the government and distressed a few economic experts. The crisis, while scary and potentially fatal to the economy, is a healthy reminder about the importance...

The summer season is in full force, and so is that temptation to go on a spending spree. Along with the pleasures of beach trips, barbecues, eating out at restaurants, and outdoor adventures comes a not-so-welcome guest —...

There’s never one way to become wealthy, but there are consistent habits among self-made wealthy people that may put you in a position to achieve financial gains. No matter your level of expertise, following these habits may...

Inflation is the reduction of the purchasing power of a currency over time. The dollar is certainly not as impactful as it was 10 years ago because of inflation. With the recent struggles of the American economy, all we hear about is...

Millennials and Gen Z have taken the gig economy to a new level. Most individuals between the ages of 25-40 have one or more side hustles. But baby boomers and Gen Xers are not far behind. According to Zippia, the average age of...

No one wants to think about anything going wrong on one of the biggest days of their lives. But, like all discussions about insurance begin: What if?

A recent survey by Zippia revealed that almost three-quarters of US companies are using or planning to use a hybrid model. Hybrid work refers to a combination of remote and in-person work and for the foreseeable future, it’s here to stay.

Building a successful brand in a world that has become excessively competitive can seem insurmountable. Gen Z and younger millennials have found it easy to adjust to the changing dynamics of branding. But for the older generations,...

529 Plans account for more than 30% of all education savings plans and are the most popular of their kind. 529 Plans can be used to finance higher education expenses such as tuition, fees, and room & board for post-secondary education.

As of 2021, over 55 million Americans were living with a mental health condition, according to the National Institute of Mental Health (NIMH). While mental health and disability are closely linked, disability insurance doesn't typically ...

Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, establishing a budget may help you keep track of how you spend your money and help you reach your financial goals.

The disability insurance landscape has experienced drastic changes in the last few years. The changes have led to new opportunities, as well as challenges for insurers. As the industry evolves, some issues will dominate the conversation ...

Nobody likes to imagine the worst, but what would happen if you become disabled and can no longer work? For most people, this could mean they no longer have a source of income. Moreover, their ability to provide for themselves or their ...

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor.

The recent news of the banking crisis affecting SVB, Signature Bank, Silvergate Capital Corp., and Credit Suisse has dominated the headlines. Banking crises have been going on since the dawn of modern banking and continue to remain a...

The tax refund increased by over 15% in 2022 from the 2021 average. Many families rely on this refund each year for their financial situation. However, those same families may now find that the size of their refund is not as large as...

According to Statista, direct payments through apps account for more than 45% of the total peer-to-peer (P2P) payments market. Despite the growth, most people don't understand the tax implications of these payments.

According to the SBA (Small Business Administration), there are over 33 million small businesses in the United States. Out of this, almost 1 million start-ups close annually. The primary reason for their failure is poor financial...

We celebrate Financial Literacy Month with our theme for 2023: It's Never Too Late. Check out how not giving up can lead to some wonderful things.

There are many decisions and choices that need to be made when starting a new job. One of the most important is to know your paycheck. This includes understanding the taxes taken out, contributions that can be made and other factors...

As Dave Ramsey puts it, "There's always something coming in a few months that will cost money. So be prepared." Creating a financial emergency plan is essential for any individual or family.

Stocks and bonds are two important components of financial portfolios. They both represent different types of investments, and understanding their differences is essential to making informed investment decisions. You should also consider...

Understanding a company's financial performance is essential for informed investment decisions. To do so, investors need to access and analyze the company earnings report. But what is an earnings report, and what kind of information can ...

Every March 8th, the world celebrates International Women’s Day. Celebrations and themes differ between organizations, but the message is always the same. All people, from all walks of life, will take the time to honor the women in...

Just like the dawning of a new day is unavoidable, so is the onset of a bear market. Most investors dread the idea of a bear market, as it often signifies a downward trend in the stock market which can spell disaster for their investments.

Estate planning is an integral component of any good financial plan. Without this planning, you can leave your loved ones without the resources they need to take care of themselves or their family in case something unexpected happens ...

Tax filing procrastination can have serious consequences. It's estimated that more than a third of all Americans wait until the last minute to file their taxes. But if you're someone who waits too long and misses the deadline for...

Have you received a bonus from your employer recently? Bonuses can affect your tax burden in various ways. Therefore, it's crucial to understand how they are taxed to plan accordingly. Bonuses Taxed High? Why? When it comes...

Over the last few years, the importance of soft skills has risen exponentially. Employers have realized that while undoubtedly important, hard skills can only take an individual so far in their career path. Soft skills are the key to...

We all hope to live a long and healthy life, but the unfortunate reality is that we don't know when our time will come. That's why it's essential to have life insurance - so that your loved ones can be taken care of financially if...

Health insurance can provide the security to help you save for your health-related needs. Understanding how it works is essential whether you are buying health insurance for the first time or looking to switch policies. When searching...

As a responsible adult, you know that you need to have auto and home insurance. But that doesn't mean you have to break the bank to get it. In fact, you have many options to keep your rates low. On average, most homeowners pay...

Debt is something that no one ever wants to deal with, but unfortunately, it’s something that many people must face. When someone dies, their estate is passed on to the beneficiaries listed in their will. This may include assets...

January is often dubbed "divorce month" as it's the time when many couples call it quits. The reason for this surge in divorce filings is unclear, but experts speculate it could be due to the holidays (when people are not willing to...

You may have heard the saying, "it's never too late to learn." Well, that is certainly true when it comes to retirement planning. Even if you are considering retirement, there is still time to make smart decisions to help ensure a...

The current generation of retirees faces a greater risk of running out of money during retirement than any previous generation. Most retirees estimate they will spend less after retirement, but that is not always the case. Some...

Home Alone Nearly one-third of all seniors live by themselves, according to the U.S. Census Bureau. That's close to 14 million seniors aging alone. This suits some seniors just fine, however it’s vital for seniors living...

Career success isn’t a matter of luck. The Glassdoor website shares these tips, backed by science, for getting to the top.

There is no doubt that a global recession would have significant impact on businesses and individuals worldwide. During the Covid-19 pandemic, the United States reported the highest unemployment rate since the Great Depression. Many...

Estate Planning may seem intimidating, but it’s a necessary step in your financial planning process to protect your loved ones. Depending on the amount of your assets and other factors such as ownership in a business, estate...

The end of the year is a time for reflection and goal setting. It's also a great time to do financial housekeeping and ensure you're on track for a successful year ahead. After all, planning can save you a lot of money and stress down...

Most people don't think about long-term care until they or a loved one needs it. Long-term care is a type of care that includes personal and medical care services for people with chronic illnesses or disabilities. Long-term care...

It's never too early to start planning for retirement. The journey of financial independence begins now, and your decisions today will shape your retirement life. If you are a retiree, you have the potential to benefit from several...

Thanksgiving is a holiday that surrounds two of the most beloved ideas. Food and family. Whether you’ve been visiting grandma’s house for the last 15 years or you’re hosting for the first time, the same Thanksgiving...

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

A Heritage of Social Investing One thing that might surprise you about Socially Responsible Investing (SRI), also called Impact Investing, is that it isn’t a recent phenomenon – not even close. In the 18th century the...

Imposter syndrome—the feeling that you’re not as talented as you think you are—is a common affliction that can hold you back in your career. To overcome the insecurity, follow this advice from the Inside Higher Ed...

The relationship between mid-term elections and the stock markets have been well documented since 1946. This year’s mid-terms are expected to sway the current 50/50 split in the Senate to either side with 35 senate seats up for...

Being in debt can be a stressful experience. It can feel like you’re barely scraping enough money together to cover your monthly expenses and save a few extra bucks just in case something unforeseen comes along. Since most people...

By now, you know that on August 24th, President Biden announced that the U.S. Government plans on forgiving $10,000 in student loan debt to those who qualify. But what are the qualifications? The U.S. Department of Education has...

The World Health Organization reports that breast cancer is still one of the two most frequent kinds of cancer worldwide, and it accounts for 5% of all cancer-related fatalities each year. In any given year, more than 265,000 people in...

The Federal Reserve authorized another massive increase in interest rates, signaling that further rate hikes are anticipated in the coming months as it seeks to cool off runaway prices. On Wednesday, September 21st, the Federal...

Starting a new career is always difficult, but the challenges can be even more daunting when you’re over 50. Don’t be discouraged, though. AARP has some advice for getting hired when you’re no longer a spring...

There is a time each year, usually in the fall, when individuals can enroll in health insurance, make changes to their existing plan, or drop their coverage altogether. This time is known as the open enrollment period.  Open...

Medicare is a health insurance program of the United States government that subsidizes healthcare services. People of retirement age (65 and up), younger people who meet certain health criteria, and those with particular conditions are...

They say success depends not on what you know but who you know. Skills and experience are important but knowing the right set of people can definitely help you advance and thrive in your career. GQ recommends surrounding yourself with...

As your kids or grandkids start college this fall, remember that grades aren’t the only thing to pay attention to. Stay on top of your physical and mental health as you ease into college life with this advice from the Chapman...

While the professional pundits debate when or if an economic recession is imminent, it may be a good idea to ensure you’re prepared, nonetheless. It doesn’t hurt your bottom line to take a step back and self-evaluate. Learn...

The pandemic has influenced all our lives in different ways, some tragic, but also some that have made us rethink our needs and goals. Some of us have decided they want a new type of career; some have devoted more of their lives to...

The emails begin pouring in at the beginning of August when you’re not even thinking about the impending school year. Before you know it, you’re getting a list of items that your child needs to start their school year off...

There’s nothing exciting about life insurance. But it’s not meant to get you hyped up. It’s meant to take care of you and your loved ones. Life insurance is designed to protect your income in the unfortunate event of...

If you’re approaching your 65th birthday, odds are you’ve been inundated with documentation and advice about your social security options. It’s crucial to make sure you’re on solid ground with your finances as...

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a...

Electric vehicles (EVs) are becoming more commonplace each day thanks to innovative battery technology, marketing centered around climate change and fuel efficiency, and the fact that they are just plain cool. They are technological...

There are always pitfalls when building a financial plan. Retirement, included. Understanding and avoiding these 6 retirement mistakes will help you build a strong, secure and flexible retirement plan for you and your loved ones.Not...

Even with the Federal Reserve increasing interest rates on loans, we are still in the midst of our current inflation crisis. The optimist will say that we will weather this storm and come out better for it. The pessimist will have the...

It's easy to see how inflation affects your daily life. Gas prices are higher. Electric bills are steeper. Wallets are thinner. But what inflation does to your investments isn't always as obvious. Let's say your money is earning 4% and...

Follow these 10 money-saving travel tips when planning your next vacation to help make it more affordable, but it can be expensive to travel. However, there are ways to experience the trip of your dreams on a budget. Follow these...

Obtaining life insurance is a benchmark for many adults when building their portfolio. Earning income is one thing but protecting it for your loved ones upon your death is quite another. The primary objective of life insurance is...

A successful investor maximizes gain and minimizes loss. There's never a guarantee that any investment strategy will be successful. All investing involves risk, including the possible loss of principal. Here are six basic principles...

Frugal people are known for not spending money. This reputation harbors much truth, but not always. Frugality doesn’t mean pinching as many pennies as possible, it’s also a long-term strategy to save money. If you see a...

Each generation – Gen Z, Millennials, Gen X and Baby Boomers – are at different moments in their lives that require their own age-specific financial goals and stress points. Learn where your financial focus should be today.

The Achieving a Better Life Experience Act of 2014 provides much needed assistance for Americans with disabilities to design a financial plan to alleviate potential stress if they’re unable to perform their jobs.

Harness the power of your Amazon Prime Membership with these helpful tips. Find out more about Prime Wardrobe, Amazon Fresh, Amazon Smile and more.

Digital wallets are here to stay. They handle digital funds, credit cards, gift cards and more. Learn how to capitalize on this technology for your daily life.

Having a financial plan in place for your child is essential. It’s important to understand the potential issues that could arise during that process.

The Week on Wall Street Investors reacted to two major news items last week, one far more of a surprise than the other. The Federal Reserve did indeed make a rate cut, matching Wall Street expectations. Drone strikes on two of the...

Stocks edged toward all-time peaks during a relatively calm week marked by easing trade tensions. Friday marked the eighth straight daily advance for the Dow Jones Industrial Average. [1] Small-cap shares, as tracked by the Russell...