Home Financial Planning

Financial Planning

Pick almost any part of life and wellness is part of the picture. People talk about it, research it, study it and try to apply it. The Center for Psychiatric Rehabilitation says there are eight dimensions of wellness—physical, social, spiritual, emotional, environmental, intellectual, occupational, and financial. But the last one, financial, seems to...
In 2019, professional baseball player Bryce Harper signed the largest free-agent deal in the history of North American sports up to that time—$330 million dollars to play for the Philadelphia Phillies for 13 years. He had similar offers from the Los Angeles Dodgers and the San Francisco...
If you’re approaching that magic age of 65, some things are about to change and you’ve got thinking to do, especially when it comes to Medicare. There are four enrollment periods and if you miss deadlines there could be penalties that cost you money for the rest of your life. And...
Believe it or not, the penalty for failing to file a tax return exceeds the penalty for failing to pay your taxes. Filing an extension is a way to make sure you don’t fall into the bad graces of the Internal Revenue Service. I’ve talked to lots of...
There are certain questions of life we all want answered. What happens when you die? Does my life have meaning? How long should I keep tax records? Personally, my answer about keeping tax records is biased because I’m a safety man. I would wear a belt AND suspenders—just in case.
One quick glance at the interest rate your bank is paying on your hard-earned savings account balance and you'll turn green. Even though the Federal Reserve has been raising benchmark interest rates for the past three years, the big banks have not followed suit. They are the...
With more than 200 ways to claim Social Security benefits, discovering what’s best for you can be a challenge. And for two benefits, in particular, there has been a lot of confusion—spousal benefits and survivor benefits. In fact, an internal audit of the Social Security Administration found...