Talk to Your Children About Money: From Saving to a Financial Legacy

Articles, Investing, Retirement Planning, Saving

Why do we save money?  There isn’t a shortage of information surrounding why to save, how to save, and where to save.  And after all, we have to plan for the unexpected and the expected—your first home, kids, college, retirement, and job loss. The list goes on.  One...

The Impacts of COVID-19 on the Daily Routine, at Home and Work

Articles

If you are like most Americans, COVID-19 has impacted your daily routine in terms of the time you now spend at home with a lack of traveling for vacation or work and the money that you save and or spend. This, in turn, has a significant impact on businesses —...

Which Retirement Plan is Better for My Team, a SEP or SIMPLE IRA?

Articles, Retirement Planning, Saving

Both SEP and SIMPLE IRAs are tax-deferred retirement plans designed to allow business owners and employees a more straightforward method of saving for retirement.  Any earnings in the accounts are tax-deferred until you begin to withdraw money from the accounts in...

Why an Emergency Fund is a Good Idea

Articles, Saving

An emergency fund is the rainy-day fund; it’s for the out of the ordinary, once in a blue moon expense that you need money for RIGHT NOW. It is for expenses that are both URGENT and IMPORTANT, and the purpose of this money is to be available when you need it. Most...

The Difference Between a Savings Account and Investing

Articles, Investing, Saving

The words saving and investing seem to always go together, like peanut butter and jelly, or death and taxes. And they do belong together, because before you can invest, you have to save. Saving is spending less than what you make and putting the difference aside for...