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There are at least a couple of things we can say with confidence about disability insurance: 1) many people don’t have it (even if they don’t believe it will happen to them), and 2) those who don’t have it probably don’t realize how...

For many business owners, success looks like this: steady revenue, a growing team, and a full calendar. On paper, things are working. But beneath the surface, no one discusses the quiet reality: the business depends too much on you.If...

For decades, financial professionals and policymakers have wrestled with the same fundamental challenge: how to help families start saving earlier, stay invested longer, and build durable financial security across generations. The...

If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year....

Every new year brings the opportunity to set financial goals, but many resolutions fizzle out before February. Whether your priority is saving more, paying down debt, or investing for the future, creating a realistic plan and adopting...

One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford. Many people first purchase term life insurance to protect their family's...

In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you've...

Guard Against Student Aid Scams

Jeremy Hus, MSFS CFP® ChFC® CASL® CLU®

Thursday, January 8, 2026

By Jeremy Hus, Vice President of Financial Planning | Barnum Financial GroupOne reason for the establishment of the U.S. Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like...

Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years.Why work during retirement? Obviously, if you...

The traditional image of retirement often involves a clear-cut path: work for X years, retire at age Y, and live comfortably on a pension and Social Security. While appealing, this retirement picture is rapidly changing. Today, the...

The end of the year is a natural time to take stock of your financial picture. This includes the insurance coverage that protects your income, family, and assets. Life changes, inflation, and shifting financial goals can all affect how...

You vaguely remember signing a form every year at college registration time. Now that you've graduated, it's all become painfully clear — those forms were promissory notes detailing your student loan obligations. Your loans aren't...

You vaguely remember signing a form every year at college registration time. Now that you've graduated, it's all become painfully clear — those forms were promissory notes detailing your student loan obligations. Your loans aren't...

When you think about a financial advisor, do you picture someone just managing investments, or do you see a crucial guide for life's biggest challenges? Barnum’s Study of Americans in the Workplace reveals that for many, an advisor...

What is it? As you prepare for life with your new child, it's time to prepare a new financial plan for your family or make any necessary changes to your existing plan. You'll want to consider how your baby will affect your budget, make...

The holiday season is one of the most joyful and stressful times of the year. For those who love entertaining, it’s easy to get caught up in visions of extravagant dinners, picture-perfect décor, and endless to-do lists. But often,...

As your teenager gains independence, financial decision-making becomes an increasingly important part of their daily life. Between mobile payment platforms, e-commerce, and spending pressures from social media, young people today face...

For those with charitable intentions as part of their wealth management plan, the method and timing of donations deserve careful thought. One particularly advantageous approach for eligible individuals is the Qualified Charitable...

You’ve worked hard for decades, and now you finally have the freedom to choose how you spend your days. Retirement marks the start of a new chapter. One that can be just as fulfilling and purposeful as the career you’ve left behind....

We often hear the phrase "financial freedom" thrown around. It sounds appealing, but what does it actually mean to the average working American? Is it about having a yacht, never looking at a price tag, or something more foundational?...

Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children...

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. It's also financial planning....

When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you...

The future of our finances is a constant consideration, a blend of hopes, dreams, and sometimes, anxieties. While we all strive for financial security, the level of confidence we feel about achieving it can vary dramatically. At Barnum...

The word "retirement" can conjure up different images for different people — peaceful golden years, adventurous travel, or maybe just the relief of not having to set an alarm. Whatever your vision, one thing is universally true:...

As autumn approaches, the impending expenses of holiday preparations and cooler weather can be a burden. But did you know you can embrace the season without breaking the bank? While you dream about that spicy pumpkin latte, here is a...

As the cost of living increases for many people, adopting financial disciplines is crucial to survive in this fiscally tight environment. One way to stay afloat is through budgeting. You can opt for zero-based budgeting and allocate...

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That's where financial planning...

Medicare, the federal health insurance program for Americans aged 65 or older and certain younger individuals with disabilities, is constantly evolving. The updates primarily driven by the Inflation Reduction Act of 2022 (IRA), aim to...

As summer draws to a close, it’s time to switch gears from leisurely vacations to focusing on education. Whether you’re a student, parent, or teacher, this exciting period requires thoughtful organization and preparation. Avoid the...

Reviewing Mid-Year Progress and Adjusting Strategies With the year going past the halfway mark, it’s an ideal time to evaluate the trajectory of your financial objectives. Are you on track with your goals? Do you need to recalibrate...

For sophisticated investors seeking to diversify their portfolios and potentially unlock higher returns beyond the traditional stock and bond markets, private equity (PE) often emerges as an intriguing option. Unlike publicly traded...

Summer is often a time for sun-drenched escapes, leisurely pursuits, and a general slowing of pace. This season also presents a unique opportunity to weave in some enjoyable yet strategic financial planning. Forget the dusty...

We all have causes that stir our hearts, issues that ignite a desire for change. Often, our generosity manifests as a check, a contribution made with good intentions. But what if our giving could transcend a single transaction, and...

When it comes to planning for your retirement income, it's easy to overlook some of the common factors that can affect how much you'll have available to spend. If you don't consider how your retirement income can be impacted by...

Introduction Typically, when an individual purchases life insurance, he or she pays premiums directly to the insurer with cash. But high-net-worth individuals often need large amounts of life insurance, requiring significant premium...

What is it? If you don't have disability income insurance because you can't afford the premiums, you should know that there are several strategies you can use to make disability coverage more affordable. These strategies include...

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his...

By investing for retirement through your employer-sponsored plan, you are helping to manage a critically important financial risk: the chance that you will outlive your money. But choosing to participate is just one step in your...

Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you'll need to estimate not only your anticipated expenses but also what sources of retirement income you'll have and how long...

What is it? You will typically face a higher risk of becoming disabled than dying. If you are a business owner, formulating a strategy to protect yourself against this risk is important, because if you suffer a disability and can no...

What is it? Evaluating and comparing life insurance policies is complicated. After determining how much life insurance you need, you must decide what type of life insurance to buy. Should you buy term insurance? A whole life policy? A...

What is it? Introduction If you're the beneficiary of a large inheritance, you may find yourself suddenly wealthy. Even if you expected the inheritance, you may be surprised by the size of the bequest or the diverse assets you've...

Setting financial and investment goalsSetting goals is an important part of life in general and financial planning in particular. Investing without knowing what you're trying to achieve is like trying to drive across country without a...

For young adults, financial literacy goes beyond managing your finances. It’s about taking control of your future. As you juggle burdensome student loans, expensive health care, rent, and food prices in light of inflation, financial...

Estate planning for a special child or adult is one of the ways you can fulfill the joy even when you’re not there. Your care and love should outlive you by securing the beneficiary's future. These tips can help you plan for the estate...

Summary:A private family foundation is a legal entity created, funded, and operated by a single family for the primary purpose of making grants to charities. Because of its charitable mission, a private family foundation is given...

In 2024, we witnessed the beginning of a financial phenomenon informally known as The Great Wealth Transfer. This intergenerational shift of wealth sees the Baby Boomer generation passing down close to $84 trillion to their heirs,...

The modern workplace is a dynamic and demanding environment. While ambition and productivity are valued, it's crucial to acknowledge the increasing importance of mental health and well-being. Burnout, stress, and anxiety are prevalent,...

Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. Whether you have just graduated and taken your first job, or are starting a family, enjoying your peak...

You will need to think about the disposition of your assets at your death and any tax implications. Statistically speaking, women live longer than men. So if you are married, you'll also probably have the last word about the final...

Growth in investment doesn’t occur overnight — even in the most thriving financial markets. Time is a necessity in the power of compounding. Therefore, like all valuable things, increasing your returns from equities, bonds, mutual...

Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is...

If you're a senior, the future may present more of a concern than it once did--you may wonder what you'll do if your health deteriorates. If you must enter a nursing home, for example, how will you pay for it? Fortunately, you may have...

Whether you're a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan. Why? A well-thought-out and...

Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your...

There are such things as good and bad retirement accounts, but which is which often depends on your situation. Take traditional and Roth IRAs, for example. They’re similar in a lot of ways, but one of them is probably going to offer...

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial...

Pablo Picasso once said, “Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” When it comes to financial planning,...

The IRS audited 582,944 tax returns in the fiscal year 2023, and nearly 75% of those examinations were conducted entirely through correspondence. Taxpayers selected for an official audit are notified by mail. Confusing matters, the IRS...

Being in debt can be a stressful experience. It can feel like you’re barely scraping enough money together to cover your monthly expenses and save a few extra bucks just in case something unforeseen comes along. Since most people are...

Charitable giving and philanthropy are often important to successful individuals. They want to support causes that matter to them and they also see the tax benefits of donating to those causes. If philanthropy is one of your financial...

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital....

A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful, and all investing involves risk, including the possible loss of principal, here are six basic...

Nobody likes to imagine the worst, but what would happen if you become disabled and can no longer work? For most people, this could mean they no longer have a source of income. Moreover, their ability to provide for themselves or their...

Poet Joyce Kilmer was spot on when he wrote “Something there is about a tree,” in 1913, for thousands of people will take to the road by car this autumn season to see the multicolored leaves in all their glory. New England is a prime...

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities...

Warren Buffett is one of the wealthiest people in the world. That doesn’t mean he dismisses the value of a dollar. Or a dollar menu. Does he follow these 8 millionaire habits? As was reported in several profile pieces a few years ago,...

Almost everyone has financial advice to give. From parents, teachers, leaders, and even your kids! But what are some myths and misconceptions that we hold about money from all these spheres? Let’s attempt to debunk some of the lies or...

Save your money. Stick to a budget. Invest in a 401K. Plan for your children’s education. Prepare for retirement. As we all work in our various career fields, these are the phrases we hear consistently. Building a financial plan is...

Introduction Whether to invest a large amount all at once or over a short period of time (lump-sum investing), or to invest gradually over a longer period of time (periodic investing) is an investment strategy decision you'll have to...

Property and casualty insurance (P&C insurance) protects individuals and enterprises from financial losses due to damage or injuries like car accidents, natural disasters, lawsuits from third-party injuries on your property, and more....

In this digital age, numerous assets intertwine with our lives, from email accounts, social media profiles, cloud storage, photos, and videos to blogs, websites, cryptocurrency, and more. Thus, memories, investments, and personal value...

Your teen is becoming more independent, but still needs plenty of advice from you. With more money to spend and more opportunities to spend it, your teen can easily get into financial trouble. So before money burns a hole in your...

5 ways to help you have more gratitude in your daily life There are plenty of reasons to practice gratitude, including benefits to both your personal and financial well-being. According to Harvard Medical School, “Gratitude is a...

Health insurance can provide the security to help you save for your health-related needs. Understanding how it works is essential whether you are buying health insurance for the first time or looking to switch policies. When searching...

According to the SBA (Small Business Administration), there are over 33.2 million small businesses in the United States. According to the U.S. Bureau of Labor Statistics (BLS), approximately 600,000 businesses with employees shut down...

As a young person, life insurance may not be a pressing concern. With so much life ahead, saving and investing may not take precedence for you right now. However, it's important to recognize that present choices profoundly impact your...

People dream about their retirement: what they will do, where they will travel, where they will live. Often, as they grow closer to retirement, they discover that their various sources of income won't be enough to meet their needs and...

Mental health and finances are often intertwined. Financial challenges can trigger anxiety and depression, which when left untreated, can morph into severe mood disorders. Mood disorders can lead to overspending or impulsive spending,...

One of the questions we often get, particularly from newer investors or people who are moving into another stage of their investment lives, is “how can I gauge my risk tolerance?” Risk tolerance is an investment term that refers to...

Have you received a bonus from your employer recently? Bonuses can affect your tax burden in various ways. Therefore, it's crucial to understand how they are taxed to plan accordingly. Bonuses Taxed High? Why? When it comes to bonuses,...

Potential Changes to Tax Exemptions and Strategies for the Savvy Investor The Tax Cuts and Jobs Act (TCJA) of 2017 provided temporary relief for estate planning. A key component of the TCJA was an increase in the estate and gift tax...

According to a survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA), in the fourth quarter of 2020, a quarter (23%) of American taxpayers did not have a financial plan. Financial planning is a step-by-...

Estate Planning may seem intimidating, but it’s a necessary step in your financial planning process to protect your loved ones. Depending on the amount of your assets and other factors such as ownership in a business, estate planning...

Follow these 10 money-saving travel tips when planning your next vacation to help make it more affordable, but it can be expensive to travel. However, there are ways to experience the trip of your dreams on a budget. Follow these money-savi

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor. Portfolio An investment portfolio is a collection of investments owned by an...

The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may...

There is no doubt that a global recession would have significant impact on businesses and individuals worldwide. During the Covid-19 pandemic, the United States reported the highest unemployment rate since the Great Depression. Many...

Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility — many...

Save your money. Stick to a budget. Invest in a 401K. Plan for your children’s education. Prepare for retirement. As we all work in our various career fields, these are the phrases we hear consistently. Building a financial plan...

Leaving the business you have worked so hard to nurture is inevitable. To best preserve the value you have created, it’s critical that you have a written strategy for you, your family, and your employees to help assure that when...

Medicare is a health insurance program of the United States government that subsidizes healthcare services. People of retirement age (65 and up), younger people who meet certain health criteria, and those with particular conditions are...

Frugal people are known for not spending money. This reputation harbors much truth, but not always. Frugality doesn’t mean pinching as many pennies as possible, it’s also a long-term strategy to save money. If you see a...

Without technology, it is difficult to recall when financial planning and portfolio management were practiced. To create suitable investment and retirement plans for clients, independent advisers, registered representatives, and...

We’ll let you count the number of ways there are to teach your kids about money. A lot, it turns out – books, videos, podcasts, debit cards, school programs, and even pay to play. Beyond an Allowance Our society has gone...

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

Dictionary definitions of dealing with volatile markets span a wide range, including arbitrariness, fickleness, inconstancy, and flexibility. Flexibility seems to be the best fit when discussing how investors may want to respond to the...

As a mid-career professional in today’s workplace, accumulating multiple 401(k) plans is a real possibility. It’s very rare for someone to work for one company for the entirety of their career. Many of us have changed jobs...

Most people don't think about long-term care until they or a loved one needs it. Long-term care is a type of care that includes personal and medical care services for people with chronic illnesses or disabilities. Long-term care can be...

Real estate has been all the rage over the years as a safe and reliable investment, but does it live up to the hype? Discover the ups and downs of investing in real estate, shedding light on the potential drawbacks despite its apparent...

Estate planning is an integral component of any good financial plan. Without this planning, you can leave your loved ones without the resources they need to take care of themselves or their family in case something unexpected happens...

You may have heard that IRAs and employer-sponsored plans [e.g., 401(k)s] are the best ways to invest for retirement. That's true for many people, but what if you've maxed out your contributions to those accounts and want to save more?...

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities...

Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you're not participating in it, you should be. Once you're...

Your teen is becoming more independent, but still needs plenty of advice from you. With more money to spend and more opportunities to spend it, your teen can easily get into financial trouble. So before money burns a hole in your...

When your local weather forecaster tells you that it's going to rain, what do you do? That's easy--you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability...

You're about to receive a distribution from your 401(k) plan, and you're considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble-free, there are some pitfalls you'll want to avoid...

When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes.

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached.

The holiday season should be a time of joy and celebration, but for many it includes added financial stress. The pressure to find the perfect gift, coupled with enticing holiday deals and effective marketing campaigns, could lead to...

Retirement healthcare planning is the process of strategizing and securing healthcare coverage and funds for medical expenses during retirement. It’s crucial because healthcare costs tend to rise with age, and without proper planning, retir

Financial literacy may seem like a no-brainer, but statistics say otherwise. According to Annuity.org, more than 30% of Americans said they are just getting by in terms of their finances. This means that debt management, investment,...

The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may...

Navigating the holiday season while keeping your finances intact is quite the challenge. Exploring these effective tips may go a long way to helping save you money during this festive period. From thoughtful gift-giving to strategic...

Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your...

It’s the holiday season and there’s nothing more festive than fraudsters and scam artists coming out of their holes to steal money from you. But we’ve got you covered. The more you know about these potential holiday...

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to...

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial...

Medicare is a healthcare program offering coverage to eligible individuals aged 65 and older and those with certain disabilities. It operates as a federal health insurance program, primarily funded through payroll taxes, providing...

Since the beginning of our existence, humans have associated long life as a gift, a stroke of luck, or the result of good genetics. With advancements in technology that help enable medical breakthroughs and the increasing knowledge on...

Open enrollment is the annual designated period where employees review, adjust, or select coverage plans to accommodate their evolving needs. This year's timeframe begins from November 1, 2023, to January 15, 2024.   The...

It's difficult to imagine functioning in today's world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a...

The entertainment industry has always been a major influence on the U.S. and global economies. One of the biggest sporting events of the year, The Super Bowl, generates billions of dollars in economic activity. Super Bowl LVI, in 2022,...

Real estate has been all the rage over the years as a safe and reliable investment, but does it live up to the hype? Discover the ups and downs of investing in real estate, shedding light on the potential drawbacks despite its apparent...

Fixed rates provide stability. Understanding the concept of fixed rates is crucial for financial security. With payments that remain constant over an agreed period, loan borrowers are protected from interest rate fluctuations....

Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility —...

By now, you’ve already heard of ChatGPT and Google Bard by reading various online articles, seeing reports on the news and in general conversations with colleagues. Both inventions are essentially Artificial Intelligence (AI)...

Many people view student loans as a necessary evil. Very few of us have the financial ability to save enough money to cover the entire cost of college for our children. The majority need to borrow money and take out loans. But where do...

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement...

Warren Buffett is often considered a man of great wisdom and unparalleled success in the world of investing. Buffett's journey is a testament to the power of knowledge, patience, and staying true to one's principles. With a net worth...

By now the dust has settled on the recent debt ceiling crisis that plagued the government and distressed a few economic experts. The crisis, while scary and potentially fatal to the economy, is a healthy reminder about the importance...

The summer season is in full force, and so is that temptation to go on a spending spree. Along with the pleasures of beach trips, barbecues, eating out at restaurants, and outdoor adventures comes a not-so-welcome guest —...

There’s never one way to become wealthy, but there are consistent habits among self-made wealthy people that may put you in a position to achieve financial gains. No matter your level of expertise, following these habits may...

Inflation is the reduction of the purchasing power of a currency over time. The dollar is certainly not as impactful as it was 10 years ago because of inflation. With the recent struggles of the American economy, all we hear about is...

Millennials and Gen Z have taken the gig economy to a new level. Most individuals between the ages of 25-40 have one or more side hustles. But baby boomers and Gen Xers are not far behind. According to Zippia, the average age of...

No one wants to think about anything going wrong on one of the biggest days of their lives. But, like all discussions about insurance begin: What if?

A recent survey by Zippia revealed that almost three-quarters of US companies are using or planning to use a hybrid model. Hybrid work refers to a combination of remote and in-person work and for the foreseeable future, it’s here...

Building a successful brand in a world that has become excessively competitive can seem insurmountable. Gen Z and younger millennials have found it easy to adjust to the changing dynamics of branding. But for the older generations,...

529 Plans account for more than 30% of all education savings plans and are the most popular of their kind. 529 Plans can be used to finance higher education expenses such as tuition, fees, and room & board for post-secondary education.

As of 2021, over 55 million Americans were living with a mental health condition, according to the National Institute of Mental Health (NIMH). While mental health and disability are closely linked, disability insurance doesn't typically ...

Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, establishing a budget may help you keep track of how you spend your money and help you reach your financial goals.

The disability insurance landscape has experienced drastic changes in the last few years. The changes have led to new opportunities, as well as challenges for insurers. As the industry evolves, some issues will dominate the conversation ...

Nobody likes to imagine the worst, but what would happen if you become disabled and can no longer work? For most people, this could mean they no longer have a source of income. Moreover, their ability to provide for themselves or their ...

If you're new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor.

According to the SBA (Small Business Administration), there are over 33 million small businesses in the United States. Out of this, almost 1 million start-ups close annually. The primary reason for their failure is poor financial...

We celebrate Financial Literacy Month with our theme for 2023: It's Never Too Late. Check out how not giving up can lead to some wonderful things.

There are many decisions and choices that need to be made when starting a new job. One of the most important is to know your paycheck. This includes understanding the taxes taken out, contributions that can be made and other factors...

The recent news of the banking crisis affecting SVB, Signature Bank, Silvergate Capital Corp., and Credit Suisse has dominated the headlines. Banking crises have been going on since the dawn of modern banking and continue to remain a...

The tax refund increased by over 15% in 2022 from the 2021 average. Many families rely on this refund each year for their financial situation. However, those same families may now find that the size of their refund is not as large as...

According to Statista, direct payments through apps account for more than 45% of the total peer-to-peer (P2P) payments market. Despite the growth, most people don't understand the tax implications of these payments.

As Dave Ramsey puts it, "There's always something coming in a few months that will cost money. So be prepared." Creating a financial emergency plan is essential for any individual or family.

Stocks and bonds are two important components of financial portfolios. They both represent different types of investments, and understanding their differences is essential to making informed investment decisions.

Understanding a company's financial performance is essential for informed investment decisions. To do so, investors need to access and analyze the company earnings report. But what is an earnings report, and what kind of information can ...

Every March 8th, the world celebrates International Women’s Day. Celebrations and themes differ between organizations, but the message is always the same. All people, from all walks of life, will take the time to honor the women...

Just like the dawning of a new day is unavoidable, so is the onset of a bear market. Most investors dread the idea of a bear market, as it often signifies a downward trend in the stock market which can spell disaster for their investments.

Estate planning is an integral component of any good financial plan. Without this planning, you can leave your loved ones without the resources they need to take care of themselves or their family in case something unexpected happens to ...

Tax filing procrastination can have serious consequences. It's estimated that more than a third of all Americans wait until the last minute to file their taxes. But if you're someone who waits too long and misses the deadline for...

Have you received a bonus from your employer recently? Bonuses can affect your tax burden in various ways. Therefore, it's crucial to understand how they are taxed to plan accordingly. Bonuses Taxed High? Why? When it comes...

Over the last few years, the importance of soft skills has risen exponentially. Employers have realized that while undoubtedly important, hard skills can only take an individual so far in their career path. Soft skills are the key to...

We all hope to live a long and healthy life, but the unfortunate reality is that we don't know when our time will come. That's why it's essential to have life insurance - so that your loved ones can be taken care of financially if...

Health insurance can provide the security to help you save for your health-related needs. Understanding how it works is essential whether you are buying health insurance for the first time or looking to switch policies. When searching...

As a responsible adult, you know that you need to have auto and home insurance. But that doesn't mean you have to break the bank to get it. In fact, you have many options to keep your rates low. On average, most homeowners pay...

Debt is something that no one ever wants to deal with, but unfortunately, it’s something that many people must face. When someone dies, their estate is passed on to the beneficiaries listed in their will. This may include assets...

January is often dubbed "divorce month" as it's the time when many couples call it quits. The reason for this surge in divorce filings is unclear, but experts speculate it could be due to the holidays (when people are not willing to...

You may have heard the saying, "it's never too late to learn." Well, that is certainly true when it comes to retirement planning. Even if you are considering retirement, there is still time to make smart decisions to help ensure a...

Home Alone Nearly one-third of all seniors live by themselves, according to the U.S. Census Bureau. That's close to 14 million seniors aging alone. This suits some seniors just fine, however it’s vital for seniors living...

The current generation of retirees faces a greater risk of running out of money during retirement than any previous generation. Most retirees estimate they will spend less after retirement, but that is not always the case. Some...

Career success isn’t a matter of luck. The Glassdoor website shares these tips, backed by science, for getting to the top: Walk tall Research suggests that taller men and women have an advantage in the workplace. You...

There is no doubt that a global recession would have significant impact on businesses and individuals worldwide. During the Covid-19 pandemic, the United States reported the highest unemployment rate since the Great Depression. Many...

Estate Planning may seem intimidating, but it’s a necessary step in your financial planning process to protect your loved ones. Depending on the amount of your assets and other factors such as ownership in a business, estate...

The end of the year is a time for reflection and goal setting. It's also a great time to do financial housekeeping and ensure you're on track for a successful year ahead. After all, planning can save you a lot of money and stress down...

Most people don't think about long-term care until they or a loved one needs it. Long-term care is a type of care that includes personal and medical care services for people with chronic illnesses or disabilities. Long-term care...

It's never too early to start planning for retirement. The journey of financial independence begins now, and your decisions today will shape your retirement life. If you are a retiree, you have the potential to benefit from several...

Thanksgiving is a holiday that surrounds two of the most beloved ideas. Food and family. Whether you’ve been visiting grandma’s house for the last 15 years or you’re hosting for the first time, the same Thanksgiving...

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

A Heritage of Social InvestingOne thing that might surprise you about Socially Responsible Investing (SRI), also called Impact Investing, is that it isn’t a recent phenomenon – not even close. In the 18th century the...

Imposter syndrome—the feeling that you’re not as talented as you think you are—is a common affliction that can hold you back in your career. To overcome the insecurity, follow this advice from the Inside Higher Ed...

The relationship between mid-term elections and the stock markets have been well documented since 1946. This year’s mid-terms are expected to sway the current 50/50 split in the Senate to either side with 35 senate seats up for...

Being in debt can be a stressful experience. It can feel like you’re barely scraping enough money together to cover your monthly expenses and save a few extra bucks just in case something unforeseen comes along. Since most people...

y now, you know that on August 24th, President Biden announced that the U.S. Government plans on forgiving $10,000 in student loan debt to those who qualify. But what are the qualifications? The U.S. Department of Education has...

The World Health Organization reports that breast cancer is still one of the two most frequent kinds of cancer worldwide, and it accounts for 5% of all cancer-related fatalities each year. In any given year, more than 265,000 people in...

The Federal Reserve authorized another massive increase in interest rates, signaling that further rate hikes are anticipated in the coming months as it seeks to cool off runaway prices. On Wednesday, September 21st, the Federal...

Starting a new career is always difficult, but the challenges can be even more daunting when you’re over 50. Don’t be discouraged, though. AARP has some advice for getting hired when you’re no longer a spring...

There is a time each year, usually in the fall, when individuals can enroll in health insurance, make changes to their existing plan, or drop their coverage altogether. This time is known as the open enrollment period...

Medicare is a health insurance program of the United States government that subsidizes healthcare services. People of retirement age (65 and up), younger people who meet certain health criteria, and those with particular conditions are...

They say success depends not on what you know but who you know. Skills and experience are important but knowing the right set of people can definitely help you advance and thrive in your career. GQ recommends surrounding yourself with...

As your kids or grandkids start college this fall, remember that grades aren’t the only thing to pay attention to. Stay on top of your physical and mental health as you ease into college life with this advice from the Chapman...

While the professional pundits debate when or if an economic recession is imminent, it may be a good idea to ensure you’re prepared, nonetheless. It doesn’t hurt your bottom line to take a step back and self-evaluate. Learn...

The pandemic has influenced all our lives in different ways, some tragic, but also some that have made us rethink our needs and goals. Some of us have decided they want a new type of career; some have devoted more of their lives to...

The emails begin pouring in at the beginning of August when you’re not even thinking about the impending school year. Before you know it, you’re getting a list of items that your child needs to start their school year off...

There’s nothing exciting about life insurance. But it’s not meant to get you hyped up. It’s meant to take care of you and your loved ones. Life insurance is designed to protect your income in the unfortunate event of...

If you’re approaching your 65th birthday, odds are you’ve been inundated with documentation and advice about your social security options. It’s crucial to make sure you’re on solid ground with your finances as...

There are always pitfalls when building a financial plan. Retirement, included. Understanding and avoiding these 6 retirement mistakes will help you build a strong, secure and flexible retirement plan for you and your loved ones...

Electric vehicles (EVs) are becoming more commonplace each day thanks to innovative battery technology, marketing centered around climate change and fuel efficiency, and the fact that they are just plain cool. They are technological...

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a...

Even with the Federal Reserve increasing interest rates on loans, we are still in the midst of our current inflation crisis. The optimist will say that we will weather this storm and come out better for it. The pessimist will have the...

Obtaining life insurance is a benchmark for many adults when building their portfolio. Earning income is one thing but protecting it for your loved ones upon your death is quite another. The primary objective of life insurance is...

It's easy to see how inflation affects your daily life. Gas prices are higher. Electric bills are steeper. Wallets are thinner. But what inflation does to your investments isn't always as obvious. Let's say your money is earning 4% and...