Personal Finance

Financial Steps to Take Before a Divorce

Financial Steps to Take Before a Divorce Wise moves to make before things are finalized. Before your divorce goes through, it would be wise to check up on financial matters. It would be better to assess the state of your financial life before the split rather than after. Find out where you stand financially. Beyond your salary and your bank accounts, how much do you have in the way of retirement savings? What will your monthly income be? What investments [...]

By |2019-03-12T14:52:05-04:00March 12th, 2019|Divorce, Personal Finance|Comments Off on Financial Steps to Take Before a Divorce

An Executor Checklist

An Executor Checklist The steps you may need to take to fulfill a major responsibility. If you are an executor to an estate, you must carry out your duties responsibly. Fulfilling these duties is not only a measure of your ability, but a measure of your character. You can approach these tasks methodically. In fact, it is probably best if you do. Here are the common steps required of executors, before and after the death of a testator. What should [...]

By |2019-02-27T13:37:36-05:00February 27th, 2019|Estate Planning, Personal Finance|Comments Off on An Executor Checklist

Traditional vs. Roth IRAs

Traditional vs. Roth IRAs Perhaps both traditional and Roth IRAs can play a part in your retirement plans. IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual Retirement Accounts, are investment vehicles used to help save money for retirement. There are two different types of IRAs: traditional and Roth. Traditional IRAs, created in 1974, are owned by roughly [...]

By |2019-02-01T13:57:20-05:00January 30th, 2019|IRA, Personal Finance|Comments Off on Traditional vs. Roth IRAs

Build Your Rainy Day Fund

Build Your Rainy Day Fund Like an emergency fund, it can come in handy. Sometimes, life gets expensive. A little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget. An emergency fund may help us handle major financial disruptions. For the minor ones, a rainy day fund may suffice. A rainy day fund and an emergency fund differ in scale, but not purpose. Both funds are designed [...]

By |2019-01-14T11:03:19-05:00January 3rd, 2019|Financial Fitness, Personal Finance, Savings and Investing|Comments Off on Build Your Rainy Day Fund

Smart Financial & Insurance Moves for New Parents

Smart Financial & Insurance Moves for New Parents As you start a family, consider these ideas.   Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and that reality may make the following financial moves necessary. Think about a budget. As a couple, you may have lived for years without budgeting. As parents, this may change. You will face new [...]

By |2019-01-14T10:00:28-05:00December 18th, 2018|Financial Fitness, Personal Finance, Savings and Investing|Comments Off on Smart Financial & Insurance Moves for New Parents
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