Traditional IRAs vs. Roth IRAs
IRAs (Individual Retirement Accounts) If you are looking to start an Individual Retirement Account you may be wondering where to start. The two main types of IRA accounts are Traditional and Roth. This article will explore the differences between [...]
Student Loan Payoff Plans
As a Certified College Planning Specialist (CCPS) it becomes one of my responsibilities to help clients with borrowing strategies. But there continues to be confusion regarding some of the student loan payoff plans currently available. As such I have [...]
Medicare Annual Election Period
When Can You Elect New Medicare Benefits? The Medicare Annual Election Period, or AEP, happens each year. It starts on October 15th and ends on December 7th. During this time, you have the chance to change your Part C [...]
Financial Planning for New Parents
Financial Planning is Not Just for Retirement Financial planning for new parents is an extremely important step. Why is this the case? As of 2013, it cost an average of $245,000 to raise a child to the age of [...]
IRA Beneficiary Trust
IRA Distributions Typically, when the owner of an IRA passes, the assets are given directly to the person, or people, named as beneficiaries of the account. These beneficiaries will receive the money outright. This can cause problems for [...]