Whether you’re ready for retirement income or not, IRS rules require that you start drawing down your savings from certain types of accounts when you reach a certain age. Unfortunately, navigating IRS rules can be a lot like a puzzle, especially when it comes to figuring out required minimum distributions (RMDs). Here are some tips on how to handle them.
The key to establishing financial wellness is to build good habits. This often means making some behavior changes in your life. It isn’t always easy to make adjustments in your life, but with some planning you can take small steps toward achieving your goals. Here are 4 ways to start.
An emergency situation can easily upend your life if you aren’t prepared. To prevent dramatic and lasting effects on your future, you need to do some planning and saving to help you get through a financial disaster.
Save for retirement or get rid of debt? The answer to this serious financial question is often difficult. But if you’re having a hard time choosing which one is more important, the good news is that you don’t necessarily have to. It is possible to do both. Here are 6 tips to help you find the right balance.
Whether you’re an entrepreneur thinking about how to protect your share of the business or are looking for ways to reward your top performers, life insurance could be a solution.
Whether you want to discuss financial goals with your spouse, help your parents retire comfortably, or teach your kids about financial responsibility, here are some tips to help make financial discussions with your loved ones a little easier.
Evaluating your financial standing annually will help keep your money and assets healthy, and ensure you’re on track with managing your money. Here are some tips to help you assess your finances each year.
From gift shopping, to decorating, to holiday cards, there’s the potential to spend quite a bit of money during the holidays. Americans averaged $1,230 of debt during the 2018 holidays, according to MagnifyMoney’s annual post-holiday debt survey. Here are a few ways to help make the holidays less expensive.
Your kids have left the nest! With all the free time you have now, it’s a good idea to evaluate your goals, review your finances and bolster your savings so you’re on the right path toward a financially sound retirement. Here are some tips for a money-smart future.
Life is full of milestones. Graduating college, getting married, buying a house, and starting a family are all momentous occasions. But what happens to those financial responsibilities if you pass away before they are taken care of?