Finances
10 Years & Counting: Points to Consider as You Approach Retirement
Money Matters If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue …
9 Financial Behaviors Worth Changing
Money Matters Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns, year after year. If you sometimes succumb to these financial tendencies, now is as good a time as any to alter your behavior. #1: Lending money to family & friends. You may know someone who has …
New Mortgage Loan Rules Could Save You Money
Money Matters presented by: Vision Financial It used to be that conventional and FHA/VA mortgage loans allowed for a partial pre-payment of principal, without a penalty, which shortened the remaining term of a loan but did not reduce the amount of the monthly Principal and Interest(P&I) payment. New rules have gone in to affect this …
POP School Alumna Wins Amazon Scholarship
Education Extra Congratulations to Prince of Peace (POP) Catholic Parish’s Jessica Bradley who won a $40,000 Future Engineer scholarship from Amazon and the chance to intern with the online commerce company after her freshman year of college. The high school senior was one of 100 U.S. students chosen for her academic and civic accomplishments. Since …
Am I Having Enough Withheld?
Money Matters presented by: Vision Financial Failing to estimate your tax withholding properly may cost you in a variety of ways. If you receive an income tax refund, essentially you have provided the IRS with an interest-free loan; however, if you owe taxes when you file your return, you may have to scramble for cash …
Organizing Finances When Your Spouse Dies
Money Matters presented by: Vision Financial Group, www.vision-financialgroup.com Losing a spouse is a stressful transition. And the added pressure of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make dealing with these matters less difficult. Notify others. When your spouse dies, your first step …
Where Will Your Riches Go?
Legal Matters Presented by: Bradford & Holliman, Estate Planning, www.bradfordholliman.com “. . . each one builds up riches, not knowing who will receive them.” Psalm 39:6 In this psalm, the psalmist points out the silliness of spending our lives focused on building wealth when we really have no control over where the wealth goes after we …
A Little Homework Goes a Long Way When It Comes to Your Taxes
Money Matters presented by: Vision Financial If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if you owe taxes when …
What If You Fail to Take RMDs As Required?
Money Matters presented by: Vision Financial Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRA and employed-sponsored retirement plans after you reach age 70 ½. You can always withdraw more than you are required to from your IRAs …
Do You Have Enough Automobile Insurance Coverage?
Legal Matters presented by: Frank S. Buck P.C., Personal Injury Do You Have Enough Automobile Insurance Coverage to Protect Yourself & Your Loved Ones in the Event of a Holiday Car Wreck? Take Time to Check You probably have automobile insurance, but do you understand the basics of your policy? The first step in reviewing …