Know the Biases That May Affect Your Investment Strategy
The best way to avoid investing bias is to learn how it commonly shows up—and to pursue an objective investment strategy.
What to Know Before Drawing Social Security Benefits
Deciding when to begin Social Security benefits is complicated. Weighing these factors, and running careful tax projections, can help.
How the New Three-Legged Stool™ Strategy Helps Reduce Taxes in Retirement
Learn how diversifying your taxability (not just investments) is key to creating a sound retirement plan.
Taking Inventory with Financial Tracking Apps
If managing your financial accounts feels clunky or time-consuming, a money management app can help you track spending, savings, and performance. Here are three to consider.
Power of Attorney Roadblocks: Can You Answer These Three Questions About Your POA?
You may be shocked to learn that new national and state laws may have prohibited your agent’s power to act.
High Earners: Maximize Your 401(k) Match Using This Simple Tool
Don’t leave money on the table.
Becoming Financially Independent Part 2: Do Not Disturb Accumulation, Do Not Overlook Consolidation
Do not spend money that has been accumulated for financial independence. Invading long-term savings extends the time it will take to achieve a goal.
I Just Inherited an IRA From My Parent. Now What?
The new rule for adults who inherit an IRA from their parents in 2020 and beyond is that they must liquidate that account within 10 years.
7 Steps to Take When You Inherit an IRA
When Inheriting an IRA there are complex rules you will need to follow to avoid costly errors.
Becoming Financially Independent, Part 1: Where to Start
Time is the most important word in our investment vocabulary. If financial independence is the goal, starting today beats waiting until tomorrow.
What’s the Difference Between Premium Bonds and Discount Bonds?
A premium bond has a coupon rate higher than the prevailing interest rate for that particular bond maturity and credit quality. A discount bond, in contrast, has a coupon rate lower than the prevailing interest rate for that particular bond maturity and credit quality.
How Does the SECURE Act Affect Legacy Planning for Large IRAs?
With the passage of the SECURE Act inherited IRAs from those who passed after December 31, 2019 are no longer allowed to stretch the withdrawals over their life expectancy.
12 Ways to Avoid a Penalty on Early Withdrawals
If money is taken from an IRA before age 59 1/2, a 10% excise tax penalty is applied to the amounts withdrawn—unless it meets one of the twelve exceptions.
Passive Investing: Index Mutual Funds vs. Exchange-Traded Funds (ETFs)
The difference can be summed up in two words: intraday trading. Unlike mutual funds, ETFs can be bought and sold anytime throughout the day.
529 Plans: Know the Rules for K‑12 and College Qualified Expenses
529 plans can be a good option for both college and K‑12 savings. But to avoid paying taxes or early withdrawal penalties, it’s vitally important to keep up with any changes to the rules.
Are Pennsylvanians Saving Enough for Retirement?
Only 51% of Pennsylvanians have tried to figure out how much they need to save for retirement—and just 31% are satisfied with their current financial condition.
How to Determine Your Bond-to-Stock Asset Allocation
One way is determining your risk tolerance.
Why is Time-Weighted Return a Good Way to Track Performance in Retirement?
Learn why we use time-weighted return as a reporting metric and see how it gives you an accurate picture of portfolio changes over time.
Five Small Steps for You, One Giant Leap for Your Retirement
Take small steps, make prudent choices year after year, and watch your savings and investments grow.
Who Else Wants Free Money and Lower Income Taxes?
Many are unknowingly saying, “No thank you”.
