October is “Estate Planning Awareness Month.” Here are some basics about estate planning that everyone should know. Everyone should have a plan Even if you think “you’re not rich enough” to have an “estate,” unless you’re homeless or destitute you should have an estate plan in place. Estate plans provide for the people you leave behind when you pass away, and help ensure that your final wishes get carried out. The last thing you want is your family members fighting over dishes or fishing poles when you’re gone, or having to sell the family home or take other drastic measures
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Posts by Strategic Financial Planning
History of Retirement
The concept (and mechanics) of retirement have evolved over a century...and continue to change. Knowing where we've come from can help us prepare for the future. Our handy infographic explains it all...
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12 Retirement Risks
You may know that Market Risk is a concern in your retirement. But do you know of the other risks that you may face and how to prepare for them? Education is key, so read on.
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Who do you love? leaving a legacy.
When you see technicolor Peeps lining the grocery store shelves, you know that Spring is near and families will soon be gathering to celebrate the season. Whether you are gathered around an Easter feast or beaming with pride at a grandchild’s graduation, you may start thinking about the long-term legacy you are leaving for your loved ones. Legacy gifts can take many forms. Mementos, albums and scrapbooks, for instance. Or researching and sharing your genealogy. Or a custom cookbook that includes all the favorite family recipes. Just as important are considering the financial realities your loved ones will face without
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4 Tips to Get Your Finances In Order
4 Tips to Get Your Financial House in Order In addition to that rewarding tradition of spring cleaning to get your house in order, this is a great time to get your finances in shipshape condition. We offer these tips to help you. 1. TAKE A HARD LOOK AT YOUR CREDIT CARDS Even though new credit cards are equipped with computer chips that make it harder for hackers to hijack your data, it’s a good idea to check your statements to make sure there are no mistaken or duplicate charges. 2. CHECK YOUR CREDIT REPORTS ANNUALLY It’s free to check
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April is Financial Literacy Month
April is “Financial Literacy Month” and one of your best financial “teachers” can be your tax return. Here are some lessons to consider: 1. AVOID A BIG REFUND OR BIG TAX BILL Does your payroll withholding amount need adjusting? That’s what a huge tax bill or hefty refund is telling you. Shoot for the middle. Themore allowances you claim on your W-4 on file with your employer, the less tax is withheld. 2. A HEALTH SAVINGS ACCOUNT (HSA) MIGHT HELP Even with health insurance, steep medical bills can accrue. Unless they total 10% of your adjusted gross income, you can’t
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