Options When Inheriting an IRA From a Spouse

When a spouse inherits an IRA, and they’re under age 70 1/2, they have several options in front of them (depending on their unique financial situation – every person is different, and these examples are generalized): Treat the IRA as their own. Transfer the assets to an Inherited IRA. Transfer the assets to an Inherited… [Continue]

Freezing Credit Still the Best Way to Prevent Identity Theft

If you want to prevent identity theft, you should consider freezing your credit. Many reputable sources insist that simply monitoring your credit can help you prevent identity theft – and they’re not wrong. However, the only proven way to help prevent someone from actively stealing your identity is to freeze your credit. When placing a… [Continue]

Cash is Still King

It’s hard to define security. For many people, feeling financially secure can help them to relax with the knowledge that they’re guarded against financial devastation that comes from the unexpected. Emergencies never happen at a convenient time, and a hefty medical bill, job loss, or other curve ball that life throws at you can be detrimental… [Continue]

Financial Tips for Graduates

Did you recently graduate? You’re about to start dealing with real-world personal finance decisions that could potentially have a lifelong impact. You’ll have to think about: Cost of living College funding How you want to spend your money How you should spend your money Aligning your spending with your values Buying a house Debt Saving Investing… [Continue]

Fiduciary Rule Gets its Wings Clipped

Generally speaking, there are two kinds of financial advisers. There are brokers, and there are investment adviser representatives (IARs). Brokers are employed by broker-dealers and operate under the suitability standard. IARs are employed by registered investment adviser firms, regulated by their state or the SEC, and operate under the fiduciary standard. The fiduciary standard states that… [Continue]

U.S. House, Trump Offer Plans for Tax Reform

With the new administration at the beginning of 2017, it’s important to take a moment in the frenzy of policy changes to focus on tax propositions that have been made by both the Trump administration as well as the U.S. House of Representatives. These plans have a lot of similar qualities. Both proposals are consolidating… [Continue]