Five Myths About Social Security

Many Americans have come to believe certain myths about Social Security benefits and may be misinformed on a range of important topics, such as who is actually eligible to receive benefits, how much they will receive when they apply for benefits, or whether Social Security will pay for their long-term care, to name a few. [...]

2018-12-31T17:09:41+00:00November 26th, 2018|

Pre-Pay Your Mortgage: Save Interest

  Is reducing the length of your mortgage loan by accelerating your mortgage payments the right decision for you? Prepayment can save you money, particularly if you plan to reside in your home throughout the life of your loan. Getting Down to Basics Suppose you have a $200,000 mortgage at 7% for 30 years, your [...]

2018-12-31T17:07:09+00:00November 5th, 2018|

Auto lease or purchase?

To Buy or Not to Buy: Exploring the Leasing Option Automobile leasing has grown in popularity over the past decade, but many people still hesitate to enter into a lease. This may be because there are so many factors to consider that it seems easier to buy a vehicle. Under the right circumstances, however, leas­ing [...]

2018-12-31T17:07:16+00:00August 8th, 2018|

Understanding Interest Rates and Your Financial Situation

When discussing bank accounts, invest- ments, loans, and mortgages, it is important to understand the concept of interest rates. Interest is the price you pay for the temporary use of someone else’s funds; an interest rate is the percentage of a borrowed amount that is attributable to interest. Whether you are a lender, a borrower, [...]

2018-05-14T18:10:53+00:00May 14th, 2018|

Traditional IRAs—Forgotten, But Not Gone

With the number of financial products available in today’s retirement savings marketplace, the traditional Individual Retirement Account (IRA) can get easily overlooked, despite the potential for tax deferral and income tax deduction for individuals under the age of 70½. Here are some categories of savers who may benefit from a traditional IRA retirement savings account: [...]

2018-05-14T18:04:56+00:00May 14th, 2018|

Credit Reports and Identity Theft Protection

Identity theft is a serious crime, with increasingly greater numbers of consumers being affected every year. As part of a protection strategy, the Federal Trade Commission (FTC) and other consumer credit organizations recommend a proactive approach to safeguarding your identity: checking your credit report annually. A credit report records information about your bills and loan [...]

2017-11-10T17:02:48+00:00November 10th, 2017|

Understanding the Consumer Price Index

The highs and lows of the economy affect people and markets in a variety of ways. While some sectors may be thriving, others may be sluggish. One economic indicator used to gauge the state of the American economy is the Consumer Price Index (CPI), which measures the rate of inflation in the United States. Inflation, [...]

2017-11-07T01:32:42+00:00September 25th, 2017|

Social Security: Is Your Age a Retirement Numbers Game?

When preparing for your retirement, think about how much income you may need each year to fund the lifestyle you want. To help maintain your living standard, you may need to save enough money to supplement other sources of retirement income, such as a company pension and/or Social Security. It is also important to be [...]

2017-11-07T01:33:30+00:00August 30th, 2017|

Are You Rethinking Retirement?

The "golden years," a common term of endearment for retirement, may no longer apply to those individuals who are following the beat of a different drum and envision a more active life as they get older. At the same time, many people may not be taking a conventional retirement in an uncertain economic climate, because [...]

2017-11-07T01:34:01+00:00August 20th, 2017|

Can a Living Trust Replace Your Will?

When planning your estate, you may consider setting up a revocable living trust. A properly managed revocable living trust can provide unique benefits; however, it does not completely replace a will. In determining whether this type of trust is appropriate for you, it helps to understand the overall benefits and tradeoffs of this estate planning [...]

2017-11-07T01:34:25+00:00August 9th, 2017|