Blog
No Long-Term Care Plan? Here’s What to Do About It
Small-business owner Jennifer found herself in a tough caregiving situation and doesn’t want to subject her family to that. What are her, and your, options? You might be shocked to discover that as few as 3% Americans have a fully funded plan for long-term care...
2023 Tax Brackets and Federal Income Tax Rates
There are seven federal tax brackets, each with its own marginal income tax rate. Your income each year determines which tax bracket you fall into. The first thing you need to know about federal tax brackets and income tax rates is that there are seven federal...
4 Key Questions in Estate Planning
Failing to plan how to distribute your assets can be disastrous. Our expert explains why, and the four key questions you need to ask yourself. Over the next few decades, Americans are expected to pass down trillions of dollars to family members and other...
What is estate planning?
Estate planning is the process of arranging who will receive your assets when you die. One goal of estate planning is to make sure your wealth and other assets go to those you intend to receive them — and not to others — with a particular emphasis on minimizing taxes...
39% of Americans Plan to Buy Life Insurance in the Next Year.
Here's What to Know About Buying It for the First Time KEY POINTS Life insurance can protect your loved ones financially in the event of your passing. If you're new to buying life insurance, make sure to figure out how much coverage you need. Also understand what goes...
What Is a Financial Plan, and How Can I Make One?
A financial plan is a roadmap that helps you achieve your goals. Financial planning can be done on your own or with a professional. A financial plan paints a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve...
12 Retirement Planning Mistakes to Avoid
Steer clear of these common errors so you can build a sustainable nest egg. When you transition into retirement, your daily routine will change in many ways. In addition to getting your income from new sources, you can expect to have different commitments. You might...
What is retirement planning?
Retirement planning can be an overwhelming endeavor, but it’s critical to ensure that your financial needs are met once you’re no longer working. Here’s what you need to know about retirement planning including key steps in the process and some of the top retirement...
3 ways to rethink old age and retirement, MIT expert says
Key Points: The classic notion of retirement planning is a measure of savings and time. “Longevity” planning is a more complete framework, said Joseph Coughlin, director of the MIT AgeLab. Americans overlook many important aspects of old age. They include...
I’m a Financial Planning Expert: Here Are the 7 Most Common Reasons People Go Broke
By Heather Taylor What puts people in a situation where they go broke? Sometimes the answer to this question is a lack of proper financial management, like poor budgeting or not tracking expenses. Other circumstances can make going broke beyond one’s control, like a...