May 6, 2024 |
401k Millionaires on the Rise
As we continue through 2024, I wanted to share some data that many may find positive. Fidelity Investments just announced that 440,000 retirement savers reached ...
Learn More401k Millionaires on the Rise
As we continue through 2024, I wanted to share some data that many may find positive. Fidelity Investments just announced that 440,000 retirement savers reached an incredible milestone in 2023: $1 million in their 401(k).
That’s despite market fluctuations and what many thought would be a difficult financial year. In fact, recently released data reveals that the average 401(k) balance rose 14 percent from 2022 to 2023. But that’s not all – Individual Retirement Account (IRA) balances also increased 12% year over year.
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Blog
May 3, 2024 |
Sell or Rent: Deciding What to Do With Your Home
The decision on whether to sell or rent your home is trickier than other financial decisions because of the emotional ties you have to your ...
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May 1, 2024 |
Should You Gift Your Business Interests into a Trust?
As business owners plan for the future, the decision to transfer business interests into a trust can be pivotal. One sophisticated strategy involves gifting privately held business interests into a trust—be it revocable or irrevocable. The distinction is crucial: ...
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April 29, 2024 |
Wealthy Kids and the Money Monster
Inheriting a fortune may prevent a life of financial hardship, but the inheritance may bring other problems. Consider how much to leave your kids by ...
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April 26, 2024 |
Understanding Restricted Stock Units (RSUs): A Key Component of Employee Compensation
At your workplace, you may be offered restricted stock units (RSUs) as part of your compensation package. RSUs are shares of the company stock that ...
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April 24, 2024 |
Intellectual Property Rocks in a New Digital Era
How will your IP work for you in your retirement and beyond? In 2023, the music industry witnessed a groundbreaking shift, as iconic bands like ...
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April 22, 2024 |
Personal Finance Calendar
January – Get ready for a brand new year. February – This month, don’t forget your financial check-up. March – Spring into spring. April – ...
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April 19, 2024 |
How Insurance Deductibles Work
An insurance deductible is the amount you, the insured, pay before any claim is paid by your insurance carrier. Depending upon the type of insurance, ...
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April 17, 2024 |
Enhancing Estate Planning through Heir Involvement
Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue and aligns with long-term goals and values. By involving heirs ...
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April 16, 2024 |
Social Security, Medicare, and HSAs
If your employer health plan is a health savings account (HSA) paired with a high-deductible health plan (HDHP), you may have a problem when you ...
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