How to establish a financial safety net

In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you…

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Do you need disability income insurance?

People ordinarily buy property and casualty insurance to protect their homes and cars and life insurance to provide income for their survivors. However, many people don’t think about protecting their income with disability income insurance. But how well could you live if you weren’t able to work? Disability is an unpredictable event, and if you…

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Teaching your college student about money

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college and beyond. Lesson 1: Budgeting 101 Perhaps your…

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Eight things you must know about Medicare

Heading into your retirement years brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll, what to enroll in and what coverage will be best for you can be daunting. To help you wade easily into the waters, here are 10 essential…

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These tips can help couples talk about money

Money discussions can affect your relationship, especially if you put those talks off too long. You and your partner need to get on the same page and talk honestly and regularly about finances. Researchers find that arguments about money often foretell divorce and are more intense than couples’ fights over other subjects. When arguing about…

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Beware of these common tax scams

The latest IRS annual list of tax scams highlights the most common ways criminals try to fraudulently obtain taxpayer information. Beware of these scams and various variations on each. Phishing Phishing scams usually involve unsolicited emails or fake websites that pose as legitimate IRS sites to convince you to provide personal or financial information. Once…

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Elevage Partners supports Park City trail race series

Elevage Partners was on hand for the first Mountain Trails Foundation summer race series on June 8 in Park City, Utah – The Round Valley Rambler. The race included both competitive and recreational runners on 7-mile and 13.1-mile courses on trails built and maintained by the Mountain Trails Foundation, a nonprofit organization dedicated to encouraging…

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Turning monetary gifts into learning experiences for children

Most parents want to help their children financially, but not by handing over cash with no strings attached. Instead, parents should consider using monetary gifts as a teaching opportunity. Helping your children learn how to be smart savers could be the best gift that you ever give them. A generation ago, many parents let their…

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New IRS guidance on state and local tax refunds

The Tax Cuts and Jobs Act of 2017 included a $10,000 ($5,000 if married filing separately) cap on the amount of state and local taxes that can be claimed as an itemized deduction on Schedule A of Form 1040. If you itemize deductions that include a deduction for state and local taxes and then subsequently…

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Good news: Student loan interest rates decline

For the first time in three years, interest rates on federal student loans will decrease. The lower rates apply to new federal student loans made on or after July 1, 2019, through June 30, 2020. The interest rate is fixed for the life of the loan. The interest rate on direct Stafford Loans falls to…

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