Articles of Interest

12 Financial Resolutions: Review and revamp your financial plan all year long

Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run — and even sooner? We’re talking about your financial plan — your fiscal health, if you will. The approach of a new year — or …

New Highs in the Third Quarter (Despite More Volatility)

Markets in the 3rd quarter of 2019 looked surprisingly similar to the second quarter as more U.S.-China trade war uncertainty and a lack of clarity on future interest rate policy caused a sharp increase in volatility in the middle of the quarter. Read the full article.

Understanding Medicare

Whether new to Medicare, getting ready to turn 65, or preparing to retire, you’ll need to make several important decisions about your health coverage. Waiting to enroll may result in paying a penalty, or result in a coverage gap. The professionals at Munn & Morris Financial Advisors are here to help.You are cordially invited to …

College costs increased 200% in the last 20 years. How has that affected your college planning?

College costs have increased ~200%* in the past 20 years, dramatically outpacing inflation. With the costs of higher education rising so dramatically, its crucial to have a strategy and plan to manage this important goal. Key questions to answer include: Do I want to pay for my children’s / grandchildren’s education? Can I save for …

Saving for College: It Begins with Knowing Your Options

There’s no denying the benefits of a college education: The ability to compete in today’s job market, increased earning power, and expanded horizons. But these advantages come at a price. And yet, year after year, thousands of students graduate from college. So, how do they do it? Learn More. Download the complete article here.

Student Loans, Taxes, and Forgiveness

Originally written by Kim Porter from Credit Karma College is getting even more expensive, public financial aid isn’t keeping pace, and parents and students continue to look for ways to offset the costs of college. One solution may lie in your tax return. Claiming college tax credits and deductions can help defray the costs of certain expenses, …

What Happens When Your Child Turns 18

Beth Probst, Founder and CEO of At The Core Suddenly, your clients now have adults (ok, legally, they are adults). As parents, they might not really understand what that means. Yes, they know they can vote and buy lottery tickets. Did they know 18-year-olds can also get a Costco card or be called for jury …

Five Skills to Master Before Leaving Home

The excitement of a college acceptance letter can have teens and parents celebrating for weeks. But once the new semester approaches, many students may be anxious about leaving the comfort of their childhood home. Having a handle on these five essential life skills can help ease the transition. Learn to live on a budget. When …

Appealing a Financial Aid Award Letter

Originally published by Capstone College Partners, Februrary 19, 2019 by Joe Messinger Financial aid award letters are received by seniors each year in mid-February. You need to understand the fine print of the award letter in order to make an informed decision about the best college and how much it will cost them for all …

Eleven Ways to Help Yourself Stay Sane in a Crazy Market

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact …

Be Careful About Picking Beneficiaries for Your IRA & 401(k)

Inheriting IRA or 401(k) proceeds from a friend or relative can be a potentially huge windfall, but it can also be a sizable tax headache. For both the giver and the recipient, it’s worth getting some advice. Bank accounts, stocks, real estate, and life insurance proceeds generally pass to heirs free of income tax. However, …

Positioning Yourself for a Market Rebound

The experience of a declining market or perceived recession can be a heart racing experience. The temptation to move investments to historically safer territory can be overwhelming. But history tells us that sticking with your long-term investment plan, including higher-risk equity positions, may give you something you wouldn’t have standing on the sidelines – a …

Do Not Miss Medical Tax Deductions

There are plenty of horror stories about uncovered medical expenses these days, and the truly horrifying part is that many of them belong to people who actually have health insurance. But anytime you or a family member is facing a health crisis or an unusual medical-related expense, it’s best to check to see if you …

Life Insurance Riders that Pay for Long-Term Care

Life insurance has many uses, including income replacement, business continuation, and estate preservation. Long-term care insurance provides financial protection against the potentially high cost of long-term care. If you find yourself in need of both types of insurance, a life insurance policy that combines a death benefit with a long-term care benefit may appeal to …

Top Ten Features Of Long Term Care Insurance

Will you outlive your resources? As health awareness increases and medical care improves, we can expect to live longer than any generation before us. As we live longer, the need for care in our latter years increases. Illness and injury can be prevented and cured, but the odds are we’ll still need assistance with the …

When do you need renters insurance?

If you rent a house or an apartment, you might think you don’t need insurance because you don’t own the building. After all, your landlord probably has coverage. But your landlord’s insurance covers only the building, not the contents. Without insurance of your own, you could be left with nothing in the event of a …

Finance for Teens: What Your Kids Should Know Before Leaving for College

You are cordially invited to a complimentary seminar on “Personal Finance for Teens: What Your Kids Should Know Before Leaving for College” on Saturday, June 23, 2018 from 10:30 – 12:00 p.m. at our Dallas office (14180 Dallas Parkway Dallas, 75254 in the 1st floor conference room). Up to 60 % of American students don’t …

How to Cut Costs if You’re Spending Too Much

No matter how tightly you try to control your spending or how strictly you follow your spending plan, at some point you are likely to wonder how you can cut costs. In order to find out how to cut costs, you first need to find out where and when your spending occurs. Then you can decide …

How to Establish a Budget

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

How Student Loans Impact Your Credit

If you’ve finished college within the last few years, chances are you’re paying off your student loans. What happens with your student loans now that they’ve entered repayment status will have a significant impact–positive or negative–on your credit history and credit score. It’s payback time When you left school, you enjoyed a grace period of …

Managing your debt

What is debt management? As a modern consumer, you need credit. When you were growing up, you may have heard your parents or grandparents say, “If you can’t pay for it with cash, then you can’t afford to buy it.” That may have been sound advice 40 or even 20 years ago, but such attitudes …

Credit Cards: What you need to know before you get one.

The miracle of plastic It’s so convenient. Pull out a plastic card and you can purchase a designer suit at that new boutique, dinner at your favorite restaurant, groceries at the supermarket–or all three. Need cash? Use the card at a nearby automated teller machine (ATM) and walk off with a fistful of dollars. Want …

Creating a budget you can live with

What is budgeting? Budgeting is a process for tracking, planning, and controlling the inflow and outflow of income. It is a process that we all begin soon after we get our first spending money. Relying on our overloaded minds to manage such a complex process has many shortcomings. The solution is to analyze your current …

Borrowing Options: Benefits and Dangers of Borrowing

What are the benefits of borrowing money? Successful borrowing can help you create a positive credit history Succesfully borrowing and paying off your loans as agreed can help you establish a good credit rating and make obtaining additional credit possible. Even if you do not typcially use credit often, it is good to have the …

Auto Insurance for 20-Somethings

You’re shopping for your first car and looking for deals. Unfortunately, there’s one thing you probably won’t be able to get a deal on–your auto insurance. That’s because single drivers under age 25 are in the highest risk category of all drivers under age 70, and consequently, they pay the highest premiums. Although you can’t …

Eleven ways to stay sane in a crazy market

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact …

Positioning for a market rebound

The experience of a declining market or perceived recession can be a heart racing experience. The temptation to move investments to historically safer territory can be overwhelming. But history tells us that sticking with your long-term investment plan, including higher-risk equity positions, may give you something you wouldn’t have standing on the sidelines – a …

The importance of picking IRA beneficiaries

Inheriting IRA or 401(k) proceeds from a friend or relative can be a potentially huge windfall, but it can also be a sizable tax headache. For both the giver and the recipient, it’s worth getting some advice. Bank accounts, stocks, real estate and life insurance proceeds generally pass to heirs free of income tax. However, …

7 Year-end Tax Tips

The end of the year is approaching, and so is another tax season. The good news is that some of the uncertainty about deductions for small businesses has been lifted this year thanks to the Protecting Americans from Tax Hikes (PATH) Act, which Congress passed in late 2015. Here are some ways to square your …

A Retirement Savings Exit Strategy

Create a plan to withdraw your minimum distributions on your terms, while complying with Uncle Sam’s Every day, an estimated 10,000 people reach the IRS trigger age when they must begin withdrawing money from their retirement plans. If you’re among them, it’s wise to develop a strategy. Once you hit 70½, IRS rules call for …

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