-
Retirement account penalties can be costly
Accessing retirement accounts before age 59½ can prove costly, usually resulting in a penalty of 10 percent of the amount withdrawn. While many savers do not intend to tap into ... -
Flexible spending accounts can help tax burden
Year-end is an ideal time to assess your benefit options for 2014 including life, health, and other cafeteria plans that may help reduce your tax liability. One effective, yet often ... -
Should you buy long-term care insurance?
The costs associated with providing nursing care continue to soar. According to Genworth’s 2013 Cost of Care Survey, the median cost for private nursing home care has increased from $67,525 ... -
Five steps to financial prosperity
After experiencing one of the most challenging financial periods in our nation’s history, Americans have begun to dig themselves out. The unemployment rate is slowly improving and household debt is ... -
Signs you may not be ready to retire
Determining the right time to retire is no easy task. With far-reaching financial and emotional effects, the retirement decision is one of the most critical choices that pre-retirees will make. ... -
Now may be a great time to consider rental property purchase
Now may be a great time to look at purchasing a rental property. With interest rates near all-time lows, improving supply and demand dynamics and low real estate prices, the ... -
Hurricane Sandy may qualify you for a tax deduction
Sandy may be the most expensive hurricane in United States history. According to economists at Moody’s Analytics, losses are estimated to be near $50 billion with $30 billion attributable to ... -
How the presidential election may affect the fragile economy
The upcoming U.S. presidential election may have significant effects on our already fragile economy. Tax law changes, spending cuts, health care reform and the “fiscal cliff” are just a few ... -
Life insurance worth the price, effort
From funeral costs and paying down debt to replacing income and educating children, the bills add up for a family dealing with the loss of a loved one. Yet, according ... -
Opinion: The how, where and why on cash reserves
An emergency cash reserve can help insulate you from the uncertainties in your financial life. From the loss of a job to unexpected medical expenses, there is no shortage of ...
