If you’re planning on buying and/or selling a home this summer, you want your move to be as smooth as possible. Since a house may be your largest financial investment, you’ll want to make the best decisions possible for you and your family.
A summer job for your teen may offer more benefits than just earning money. A working teen may learn responsibility, build self-confidence and gain real world experience.
Here’s a snapshot of the housing market during the second quarter of 2016 from the U.S. Department of Housing and Urban Development.
These suggestions may help you enjoy your vacation without busting your budget this summer.
Even a relatively low rate of inflation could affect your future buying power. Your financial professional can help you factor inflation into your financial strategy and retirement budget.
You can help ensure that your life insurance benefits go to the people you want to receive them by updating contact information, keeping beneficiaries informed and providing detailed information to the insurance company.
• What are the differences between term life and whole life insurance?
You can convert a traditional individual retirement account (IRA) to a Roth IRA regardless of income or tax-filing status. While you may have to pay income taxes on the amount you convert, this can be a good strategy. Your financial professional can help you determine if a Roth conversion is right for your situation.
• Which accounts should I tap first for retirement income after I stop working?
If your small business doesn’t have a retirement plan in place, consider establishing one. A retirement plan can be a key part of your business’s ability to attract and retain talent. And offering tax-favored retirement benefits can provide greater retirement security for you and your employees.
• Can I fund a supplemental retirement plan with cash value life insurance? • What are some inexpensive but meaningful fringe benefits I can offer employees?
Setting aside money for goals that are far in the future often takes a back seat to spending on current needs. However, investing for retirement should be one of your financial priorities. Talk to your financial professional about strategies that can help you pursue your long-term goals.
• What are target date funds and how do they work?