Archive - 2017

1
Tax Bill Too High? Try This Trick
2
What is Blockchain and Why Should I Care?
3
Are Millennials Risk Averse Savers?
4
Do Women Need Special Strategies for Money Management?
5
Invest Your Health Savings Account For Appreciation

Tax Bill Too High? Try This Trick

loanSome individuals get the nice surprise of a big tax refund every tax year (if this is you, don’t be too happy – you’ve been lending Uncle Sam money interest free). Other folks get the unpleasant surprise of having to write a big check to Uncle Sam. For the latter individuals, there may be a way to lower their tax bill and save more for retirement.

Let’s look at an example. Assume an individual has a tax bill of $4,000 and they want to reduce this. Naturally, there are other deductions they may qualify for, but in this case, they’ve …

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What is Blockchain and Why Should I Care?

Originally, we were going to title this post “Bitcoin: What It Is and Why You Shouldn’t Care.” And after some further research, we maintain our stance that bitcoin is not worth the trouble as a currency or an investment for the average law-abiding citizen. Just look at this month’s 20%+ plunge in bitcoin value—you do not want your dollars to be so fickle.  But the technology behind bitcoin has huge potential to modernize the financial marketplace—and that is certainly worth understanding.

What is Bitcoin?

You may wonder if bitcoin really is gaining popularity as a currency (yes), …

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Are Millennials Risk Averse Savers?

The Millennials are the generation of kids born between the years 1981 and 1997. This year, Millennials will overtake the baby boomers as largest generation in United States history with 75.3 million people.

Millennial Americans are saving their money at a higher rate than their Baby Boomer counterparts at a similar age.  Research from the Transamerica Center for Retirement Studies shows that nearly three-quarters of Millennials are saving for retirement at an earlier age than past generations.  Half are putting away 6% of their income or more—a statistic that makes Millennials the best cohort of savers since the Great Depression, …

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Do Women Need Special Strategies for Money Management?

Do Women Need Special Strategies for Money Management?

Money Magazine convened a panel at the 2015 Financial Planner Association conference to explore the question “Should Men and Women Manage Money Differently?” The experts did not all agree to whether or not men and women should manage money differently but they did agree that men and women tend to differ in their approach to money management.

The panel discussed some ideas you may have heard before: women are not actually “bad” at investing or financial planning but just tend to be less confident in their decisions; women who are …

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Invest Your Health Savings Account For Appreciation

Health Savings Accounts (HSAs) were just beginning to rise in popularity when Obamacare was introduced. Whether you believe in a right to healthcare or not, the Affordable Care Act made it much more expensive. The propaganda about it lowering costs has been proved false by the objective rise in premiums since its passage. In order to keep healthcare costs from rising, consumers have to have some skin in the game. For that reason, HSAs are part of every proposed replacement to Obamacare.

According to the “2016 Midyear Devenir HSA Research Report,” HSA account balances continue …

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