Planning matters

Prepare! Information Urgency!

Most of us probably yawn at a discussion of record-keeping systems. Many of us think of filing as a process of storing away data. But, when in effect it is a “retrieval” system that only becomes important at a moment of urgency. For example, a new job application, a threatening illness, inheritance documentation, a lawsuit, etc. And when the need for information is urgent, where do we go?

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There’s More to Thinking Than You Think: Understanding How Biases Impact Investment Decisions

The concept of behavioral finance is a relatively new field of study that combines psychological theory with conventional economics. We may not realize it, but we all have certain biases as investors, and that impacts the financial decisions we each make. Even the most disciplined investor may have difficulty overcoming personal biases – it’s how…

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Tax in Divorce

Under the new Tax Cuts and Job Act (TCJA) rules which are in effect until 2025, the “above-the-line” deduction for alimony and separate maintenance payments was repealed, making these payments nontaxable to the recipient and therefore, non-deductible to the payee. Divorce instruments executed prior to 2019 are grandfathered and alimony under these agreements will follow…

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Is A Smart Speaker Worth It?

Smart speakers like the Amazon Echo are popping up everywhere. According to a Nielsen study from last September, nearly one of every four U.S. households has a smart speaker with 40% of homes having more than one! I joined the smart speaker club over Christmas when my brother gifted my family an Amazon Alexa speaker. Here are a few pros and cons for you to consider before adding one to your household…

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Keep Your Beneficiary Designations Current

Life is always changing. Major life events such as death, marriage, divorce, or having a child significantly change your life. It’s crucial for you to keep the information regarding your beneficiaries up to date…

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