Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college…

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Legislation that passed Congress at the end of 2019 makes three significant changes to the way you can contribute to and withdraw from your IRAs. The changes in the Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, make it worthwhile for everyone with IRAs to re-evaluate their retirement savings strategies.…

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Medicare premiums, deductibles and coinsurance amounts change annually. Here’s a look at some of the costs that will apply in 2020 if you’re enrolled in Original Medicare Part A and Part B. Medicare Part B premiums According to the Centers for Medicare & Medicaid Services, most people with Medicare who receive Social Security benefits will…

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Supporting charities that are important to you is often part of a comprehensive financial plan. The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your tax planning. As part of our financial planning process, our clients receive advice on how to best approach…

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When your local weather forecaster tells you that it’s going to rain, what do you do? That’s easy – you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability insurance can do just that. By providing liability protection above and beyond the basic coverage…

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Reading a homeowners insurance policy for the first time can be intimidating. With all the jargon, exclusions and conditions you’ll encounter, you may start thinking that Mom was right – you should have gone to law school. Nevertheless, all homeowners policies share certain common elements and follow a recognizable design. Once you understand the roadmap,…

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Do you picture yourself owning a new home, starting a business or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in. Financial planning can help you target your goals by evaluating your whole financial…

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Beginning Nov. 1, 2019, individuals and families may apply for new health insurance, switch to a different health-care plan or re-enroll in their current plan through a Health Insurance Marketplace under the Affordable Care Act (ACA). The open enrollment period for 2020 health coverage ends on Dec. 15, 2019. If you have questions about your…

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Parenthood can be both wonderfully rewarding and frighteningly challenging. Children give gifts only a parent can understand — from sticky-finger hugs to heartfelt pleas to tag along on Saturday morning errands. You raise them with a clear goal that you secretly dread will actually take place — that someday they will be grown, independent, and…

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Knowing how much retirement income you might receive from Social Security may help you decide when to begin claiming benefits, and how Social Security might fit into your overall retirement income plan. Our clients enjoy retirement planning as part of their comprehensive financial plan, which considers all sources of retirement income, not just Social Security.…

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