Building Wealth

Professional financial advisers share fresh insights and best practices for working with clients to build and protect wealth.

August 16, 2018

College Savings 101: Arguments Against 529 Plans and Alternatives That Might Work Better

Before you pump money into a 529 College Savings Plan, make sure you have three important boxes checked. And even after you check those boxes, you might want to consider the alternatives.

See More On: Paying for College | 529 Plans | Family Finances

August 15, 2018

Why Live Alone in Retirement? Form a Pod Instead

Sharing expenses can be extremely helpful, but that’s not the only reason to add some peas to your pod. Sharing friendships, skills and talents can be just as valuable.

See More On: Making Your Money Last | Budgeting | Family Finances

August 14, 2018

Could Your Cash Savings Hurt You?

For Millennials and Gen-Xers, having too much in cash may be a good problem … but it’s a problem nevertheless. Here’s why, how much you should have on hand and some ideas on what you may want to do with the rest.

See More On: Saving Money | Financial Planning | Making Your Money Last

August 14, 2018

YOU Are the Biggest Threat to Your Retirement Plan

When the going gets tough in the market, people invested in stocks have the natural impulse to pull out to cut their losses. By using an income allocation plan instead, you can ride out downturns more confidently.

See More On: Making Your Money Last | Annuities | Family Finances

August 13, 2018

Are You Ready for Longevity? 4 Steps to Take Now

A long life is a great gift, but with the joys come some financial and legal challenges. The earlier you act to address them, the better off you and your heirs will be.

See More On: Making Your Money Last | Estate Planning | Financial Planning

August 10, 2018

Before You Buy That Jet: Considerations on Big Purchases

Want to buy a plane? How about a vacation home? Keep in mind that with decisions on big purchases, the initial price paid is just the tip of the iceberg.

See More On: Leisure Spending | Budgeting | Family Finances

August 9, 2018

Young Savers Can’t Assume Roths Are Right for Them

Rules of thumb don’t tell the whole story. Truth is, sometimes a traditional IRA or 401(k) is the better way to go for young people. Here are some reasons for young savers to be hesitant about Roth savings vehicles.

See More On: Roth IRAs | 401(k)s | Financial Planning

August 8, 2018

Warning: 3 Serious Red Flags about Financial Advisers

Disclosures pulled from actual adviser profiles show three major red flags you don’t want your financial professional to have.

See More On: Financial Planning | Wealth Management

August 8, 2018

When Your Birthday Isn’t Your Birthday (According to Social Security)

Social Security benefits and birthdays go hand in hand, but for those born on certain specific days of the year, bureaucracy can add an interesting twist to such a simple concept.

See More On: Social Security | Financial Planning | Saving for Retirement

August 7, 2018

What Happens to You When Your Financial Adviser Retires?

Unless you’re working with someone at least 20 years younger than yourself, chances are you will need to find new help sometime during your retirement.

See More On: Financial Planning | Family Finances | Making Your Money Last

August 6, 2018

Estate Planning 101: 5 Lessons for New Parents

You've prepared the nursery, stocked up on diapers and even sent your baby shower thank-you notes. Now it's time to check a big one off your to-do list: Preparing for the unexpected.

See More On: Estate Planning | Family Finances | Financial Planning

August 6, 2018

To Avoid a Nasty Tax Surprise on April 15, Check Your Withholding Now

The new tax law promises lower taxes for many, but ironically, up to about half of people could face a tax bill in 2019 due to a withholding problem.

See More On: Tax Planning | Financial Planning | Tax Breaks

August 3, 2018

Taxes Are on Sale: Here’s How to Take Advantage

If you’ve got money sitting in pre-tax investments like a traditional IRA or 401(k), you may want to pay the tax bill that comes with them sooner rather than later. Here are three strategies to consider.

See More On: Roth IRAs | 401(k)s | Family Finances

August 2, 2018

My 10 Best Financial Literacy Apps for Kids

Yes, learning about money management can be fun! Here are 10 apps that can help you teach your kids to save and spend wisely.

See More On: Family Finances | Budgeting | Financial Planning

August 2, 2018

Why I Love My Whole Life Insurance Policy

While they may not be for everyone, I feel like buying a whole life policy was one of the best financial planning decisions I ever made.

See More On: Saving for Retirement | Financial Planning | Life Insurance

August 1, 2018

Is Your Financial Adviser Truly Independent?

Even if the firm you’re working with uses the word “independent” in its name, you need to dig deeper to make sure your adviser is putting your best interests first.

See More On: Financial Planning | Family Finances | Making Your Money Last

July 31, 2018

7 Myths About Variable Annuities: Exposing Their Dark Side

Once you learn the facts about variable annuities, you’ll see why they might not be as great a choice as they sound for retirees.

See More On: Annuities | Family Finances | Financial Planning

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