Auto Accident Checklist

November 22, 2017

An automobile accident can be a confusing and stressful event, but being prepared can help you remain calm. It’s important to know what to do immediately after an accident and what to do in the days following. Immediately after an accident Pull off the road if the accident is minor. If the accident is serious Read More

Understanding IRA’s

November 15, 2017

An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you should also consider investing in an IRA. What types of IRAs are available? The Read More

Surviving the Holiday Spending Season…Debt Free

November 08, 2017

As the traditional giving season approaches, there is one important item to add to your to do list: Create a holiday budget. Before the gift shopping and wrapping begins, take control of your wallet through financial preparation. Remember, you can avoid the credit card crunch and the dangerous pitfall of borrowing against your company’s retirement Read More

Understanding Long Term Care Insurance

November 01, 2017

It’s a fact: People today are living longer. Although that’s good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living escalate, you probably wonder how you’re ever going to be able to afford long-term care. One solution Read More

15 Ways Your Child Can Make Money

October 25, 2017

Teaching our kids about money is one of the most valuable lessons we can teach them. Many times we will learn something in the process as well. We live in a society where our kids feel the need to have the newest clothes, gadgets, toys and technology. It has gotten out of control. The best Read More

I’m Retired – Where do I get my paycheck?

October 18, 2017

Retirement can be scary. You save up for it your whole life, working hard and investing it for your future. Then that day finally comes and you start pulling out that hard earned money. How do you decide how much money you pull out of these accounts? In general, a safe withdrawal rate is 3%. Read More

Experiences Vs. Things

October 11, 2017

Money doesn’t grow on trees nor does it magically appear out of an ATM. We are always in pursuit of happiness yet we often forget that money has no correlation to it. Have you ever taken a moment and looked back on your life experiences, achievements, purchases, and memories and wished you would have bought Read More

How Much Life Insurance Do You Need?

October 04, 2017

Your life insurance needs change as your life changes. When you are young, you may not have a need for life insurance. However, as you take on more responsibility and your family grows, your life insurance needs increase. Your needs may then decrease after your children are grown. You should periodically review your needs to Read More

Organizing Your Finances When Your Spouse Has Died

September 27, 2017

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 should be to contact anyone who is close Read More

Conducting a Home Inventory

September 20, 2017

A home inventory is a complete and detailed written list of all your personal property that’s located in your home and stored in other structures like garages and toolsheds. It should include your possessions as well as those of family members and others living in your home. You should prepare an inventory whenever you move Read More

Evaluating an Early Retirement Offer

September 13, 2017

In today’s corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you’ve received is a good one? By evaluating it carefully to make sure that the offer fits your needs. What’s the severance package? Read More

And Baby Makes Three

September 06, 2017

So you’re going to have or adopt a baby. Congratulations! Parenthood may be one of the most rewarding experiences you’ll ever have. As you prepare for life with your baby, here are a few things you should think about. Reassess your budget You’ll have to buy a lot of things before (or soon after) your Read More

Live It List – Inexpensive Ideas

August 29, 2017

According to a Harris Poll, only 1 in 3 Americans consider themselves truly happy. That is horrible! So many people relate their happiness to money and that is not always the case. Many feel that the more money they have, the more “things” they have which in turn makes them “happier.” However, I believe that Read More

When Your Child Has Special Needs

August 23, 2017

As the parent of a child with special needs, you face many of the same challenges that any parent faces. But you’ll have to cope with some unique financial, medical, educational, and legal issues as well. Where do you start? Getting reliable information and support is important when you have a child with special needs. Read More

Understanding Social Security

August 16, 2017

Approximately 60 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2016) Although most people receiving Social Security are retired, you and your family members may be eligible for benefits at any age, depending on your circumstances. How does Read More

Annuity Basics

August 09, 2017

An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed annuities to provide income Read More

Debt Consolidation

August 02, 2017

If you have a lot of debt, you’re not alone. Today, more and more Americans are burdened with credit card and loan payments. So whether you are trying to improve your money management, having difficulty making ends meet, want to lower your monthly loan payments, or just can’t seem to keep up with all of Read More

Financial Tips for Unmarried Couples

July 26, 2017

If you are in a long-term, committed relationship, you have many of the same financial concerns as married couples. However, you lack many of the legal protections and advantages that married couples enjoy. Here are some tips that can help you and your partner stay on the road to financial security. Talk about your finances Read More

Evaluating a Job Offer

July 19, 2017

If you’re considering changing jobs, you’re not alone. Today, few people stay with one employer until retirement. It’s likely that at some point during your career, you’ll be looking for a new job. You may be looking to make more money or seeking greater career opportunities. Or, you may be forced to look for new Read More

Life Insurance: Do You Need It?

July 12, 2017

At some point in your life, you’ll probably be faced with the question of whether you need life insurance. Life insurance is a way to protect your loved ones financially after you die and your income stops. The answer to whether you need life insurance depends on your personal and financial circumstances. Should you buy Read More

Selling a Home

June 28, 2017

Even in a seller’s market, selling a home can be a difficult task. As a result, you’ll want to do your homework ahead of time to ensure that you will be able to sell your home quickly and at the best possible price. Timing is everything You can’t always choose when to put your home Read More

How Will I Manage to Send My Child to College?

June 21, 2017

Being able to send your child to college is near the top of the wish list for most parents. A college education can open doors to many opportunities, and is increasingly necessary in today’s economy. But that diploma doesn’t come cheap. Unless you are very well off financially, it’s difficult to sit on the sidelines Read More

Choosing a Credit Card

June 14, 2017

Like dandelions in a spring lawn, credit card offers pop up everywhere–stuffing your mailbox, flashing on the Internet, even falling from the magazines in your doctor’s waiting room. And they all sound so attractive. “0% APR until next year!” “No fee if you transfer a balance now!” “Low fixed rate!” You’re thinking of applying for Read More

Summer Job Savings

June 07, 2017

Having a summer job is a big deal for kids. Not only does it teach them work ethic and responsibility but it also gives kids a chance to make their own money and not rely so heavily on mom and dad for money. It is important to let your children spend some of their earnings. Read More

Keys to a Happy Ratirement

May 31, 2017

No matter if you currently have a vision for what you want your retirement to look like or if you are still trying to envision it, there are some keys to helping you make sure your retirement is a happy one. Allow for a period of transition If you are one of those people who Read More

What Money Can’t Buy

May 24, 2017

Money. It is what makes our world go round. With money, you have the power to purchase the things you need and want, do the things you have always wanted and travel places you have always wanted to visit. However, there are many things in life that are MORE important that money can’t buy, or Read More

Contemplating Bankruptcy

May 17, 2017

Contemplating Bankruptcy Filing bankruptcy can be complex and difficult, and it can have lasting effects. You should consider what’s involved carefully before deciding if it’s the right answer for you. Don’t expect bankruptcy to offer you an easy solution to your overspending habits or financial mismanagement. It’s intended to relieve you of burdensome debts incurred Read More

I’m Getting Married. How Could Marriage Potentially Affect My Finances?

May 10, 2017

Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. There are, however, two important caveats. First, same-sex marriages are recognized for federal income and estate tax reporting purposes. However, each state determines its own rules for state taxes, Read More

Fear of Money

May 03, 2017

You are in control of your own attitude and happiness. We personally cannot make you happy but we can help you to face your fear of money. If you have no fear of money you will have less stress which means you should be happier. Happiness comes from within. Over the years, we have helped Read More

Chicks and Charity

March 28, 2017

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Are you financially ready to have children?

March 22, 2017

There comes a time in many people’s lives where you begin to wonder if or when you will have children. Regardless of your status – whether you are married or single – it can be a costly decision if you add children to your life.  According to a study done in 2014 by the U.S. Read More

What is your risk comfort zone?

March 15, 2017

In the world of investing, risk is nearly unavoidable. Some investments are riskier than others, but while they may be more risky, they may also have the potential for higher reward. Likewise, some investors are willing to take on more risk than others to achieve their financial goals. How comfortable are you with risk? The Read More

Keeping Prom Costs Within Budget

March 01, 2017

Prom is just around the corner  – a milestone for your children but something you have been dreading. The costs associated with prom can be outrageous, from the tickets, to the dress, to the limo they can really add up quickly. We have come up with some tips to help you be pro-active and stay Read More

Brush Up on Your IRA Facts

February 22, 2017

If you are opening an IRA for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. Contribution limits. In general, the most you can contribute to an IRA for 2017 is $5,500. If you are age 50 or older, you can make an Read More

When Should You Collect Social Security?

February 15, 2017

A growing number of Americans have been forced to delay their planned retirement date due to job and savings losses suffered during the past five years. According to a survey, 40% of U.S. workers said they have resolved to retire later due to concerns about outliving their savings and fears of rising health care costs.1 Read More

Evaluating Professional Advice: 11 Questions to Answer Before You Commit

February 08, 2017

Professional advisors work in many fields and hold various titles, such as investment advisor, financial planner, accountant, estate planner, insurance agent, and stockbroker. Over the last few years, most professional advisors have seen their roles expand and now the lines among them have become greatly blurred. Today it is now commonplace to meet an insurance Read More

Tax Deductions You Might Be Able to Take

February 01, 2017

Tax time is upon us and although nobody likes to look at how much money you are paying in, you may not have to pay as much as you think. We have come up with a few deductions that many people are not aware of. If any of these apply to you, they could help Read More

Avoid These Financial Traps – They May Be Hazardous to Your Wealth

January 25, 2017

Money. It’s hard to get and easy to lose. It doesn’t take long for the wealth you’ve accumulated to disappear if you don’t manage your money well or have a plan to protect your assets from sudden calamity. Snares like the ones mentioned below could easily threaten your financial security. Planning ahead can protect you Read More

Vacation Value

January 18, 2017

Everyone needs a vacation periodically. Breaking the routine of the workday world is not only refreshing, but studies show it’s good both for you and your ability to do a better job. Reducing job stress can lead to more productivity. It’s easy to spend a lot of money on a vacation, but that guarantees neither Read More

How Well Do You Know Your 401(k)?

January 11, 2017

The old saying “knowledge is power” applies to many situations in life, including retirement planning. The more you know about the benefits your plan offers, the more likely you’ll be to make the most of them and come out ahead financially when it’s time to retire. Here are some questions to test your knowledge about Read More

Your Dollar at Work – 12 Months of Smart Saving Tips

January 04, 2017

Make 2017 “the year of the dollar” by trying some of these smart saving and spending tips all year long. January — After-Christmas sales are a great way to stock up on holiday-themed products such as wrapping paper, candles, cards, and decorations. Most retailers reduce prices on these items by 50% or more. But don’t Read More

Your Annual Plan: Three Steps to help toward Your Financial Success

December 28, 2016

As the year comes to an end, it’s a good time to conduct a comprehensive annual financial review. And while there is no such thing as a one-size-fits-all financial plan, the three-step review process outlined below can help you do a better job of keeping your financial house in order from one year to the Read More

Should you save or splurge that bonus check?

December 21, 2016

With the end of the year comes those bonus checks landing in your mailbox or bank accounts. Nothing beats a little extra money, especially during the holiday season. Nearly 80% of employers handed out bonuses at the end of 2015, according to a holiday bonus survey by consulting firm Challenger, Gray and Christmas. No matter Read More

Holiday Tipping Guide

December 14, 2016

The holiday season is upon us and it gets expensive.  Between the meals to plan, gifts to buy and parties to attend, many don’t even realize or budget in the cost of holiday tipping.  Tipping can be controversial but is a relatively straightforward process, holiday tipping is something else.  Whom should you tip? How much? Read More

Retirement Accounts Are Off Limits for Paying for the Holidays

December 07, 2016

Year after year, we spend more than we planned on during the holiday season. According to a 2015 study from T. Rowe Price titled “2015 Parents, Kids and Money,” 62 percent of parents said that this year they will spend more for their kids over the holidays than they should have. 56 percent of them Read More

Money Smart Holiday Gifts for Kids

November 30, 2016

Kids are typically the easiest to buy for during the holidays. Let’s face it, they want everything! However, most of these gifts will be broken or forgotten far too soon. Consider this year giving a money smart gift to your children or grandchildren, something that will last them more than just a few weeks.  We Read More

Thanksgiving Traditions that can Break the Bank

November 23, 2016

Many American’s look forward to Thanksgiving all year.  It is a time to get together with family, continue tradition, reflect on what we are thankful for and eat a delicious meal! While keeping with tradition is well, tradition, it can also be expensive.  Here are a few traditions you may want to re-think this year Read More

Surviving Black Friday

November 16, 2016

According to Holiday Headquarters Consumer Survey, 135.8 million Americans plan to shop on Thanksgiving weekend. In addition, shoppers are expected to spend about $882.00 on holiday shopping this year.  Black Friday is the largest shopping day of the year with great deals on almost anything and everything.  Staying on track when your facing deal after Read More

How Much Do Your Grandkids Cost You?

November 09, 2016

Being a grandparent is pretty much the best thing ever. You get the endless love, get to see them grow up, help shape them into the person they will become all without the added stress of being the sole person responsible for their care. So in other words, when things get tough – you can Read More

Understanding Investment Terms and Concepts

November 02, 2016

Below are summaries of some basic principles you should understand when evaluating an investment opportunity or making an investment decision.  Rest assured, this is not rocket science.  In fact, you’ll see that the most important foundation on which to base your investment education is simply good common sense. Don’t be intimidated by jargon. Don’t worry Read More

Merging Your Money When You Marry

October 26, 2016

Getting married is exciting, but it brings many challenges.  One such challenge that you and your spouse will have to face is how to merge your finances.  Planning carefully and communicating clearly are important, because the financial decisions that you make now can have a lasting impact on your future. Discuss your financial goals The Read More

How Retirement Has Changed Over the Years

October 19, 2016

As we all know, there is no set amount of money that you need saved to retire – it depends on a number of factors such as lifestyle, cost of living, medical expenses, time horizon etc. A recent study by Fidelity suggests that to retire at 67, you need to have saved 10 times your Read More

Financial Hurdles on the Road to Retirement

October 12, 2016

When friends and loved ones finally raise their glasses to bid you a long and healthy retirement, you do not want to be worrying about how your bills will get paid. That is why it is so important to participate in your company’s retirement plan now. On the road to retirement, however, other financial challenges Read More

How to Financially Survive a Layoff

October 05, 2016

A recent survey by the John J. Heldrich Center for Workforce Development at Rutgers University found that one in five U.S. workers has been laid off in the past five years and about 22% of those who lost their job still haven’t found another one. Those who did find work had a difficult time with Read More

Raiding the Piggy Bank

September 28, 2016

46% of parents of children aged between4 and 16 years old said they have taken money from their child’s savings, according to a survey by Nationwide Building Society. That is nearly half of all parents admitting to dipping into their children’s piggy banks to help cover items they classified as household bills. Moms were found Read More

Your Money Personality

September 21, 2016

After years in the financial services industry, we feel that most people will fall into one of three different money personalities. These personalities explain why you spend money or why you save money, why some are excited about investing while others fear it. It is good to know where you lie and identify your money Read More

More Money – More Problems

September 14, 2016

I have had numerous new clients recently inherit a substantial sum of money and tell me they wish they could give it all back. They feel overwhelmed. They feel that more money causes more problems and more complexity. It is true – the more money you have the more you should plan. Think of it Read More

How Things Have Changed Since 9/11

September 07, 2016

Even today, 15 years later we are still feeling the effects of the 9/11 attacks, which killed nearly 3,000 people. Here is a look at a few things that have changed permanently since those attacks. Airports Not long after the attacks, the federal government created the Transportation Security Administration (TSA) and on November 19, 2001, Read More

How to teach your kindergartner to grow up and be rich!

August 31, 2016

Did you know that only 17 states in the United States require that students at public high schools take a personal finance class before they graduate? That is outrageous! That means that less than half of all graduates may not know something as simple as how to balance a checkbook! So what does that mean Read More

Happiness Budget

August 24, 2016

1 in 3 Americans are truly happy. This is a scary statistic taken by a recent Harris Poll. So, what do we do about it? I suggest taking some time to think about what it is that makes you happy. You then can start by developing a happiness budget for yourself. This will help you Read More

Back to School

August 17, 2016

The school year is fast approaching and many parents are stressed over this, not only because their children are either heading back to school, entering a new school, or attending college for the first time, but because of the cost of going back to school. With all of the different supplies, clothing, and fees, the Read More


August 10, 2016

Right now mortgage rates have hit record lows. Brexit has taken a role in putting pressure on the market. What is happening in Europe can allow consumers here in America to save money. Dropping your interest rate .5% or more can possibly save you hundreds on your monthly payment and thousands of dollars in interest Read More

Loans Now, Groans Later? You Could Regret Borrowing From Your Plan

August 03, 2016

While borrowing money from your retirement plan may sound appealing at first glance, what you need to recognize is that it could leave you with less money to live on in retirement. Certainly, with such a loan, your contributions are your own money, and you’ll be repaying yourself as you repay the loan. What could Read More

Financial Decisions You Will Regret Forever

July 27, 2016

When it comes to your money, we have all had a regret at some point. The important thing to remember is that there are small regrets such as purchasing those new shoes that you don’t need versus making a major decision about your money that could hurt you in the long-term. Below is a list Read More

Common Retirement Financial Mistakes

July 20, 2016

Over the years we have found a number of mistakes when it comes to planning for retirement. We have narrowed it down to the 3 most common mistakes you can make when it comes to your retirement. Underestimating your life expectancy. A generation ago, it was probably safe to assume that men would live to Read More

How to Financially Prepare for Maternity Leave

July 13, 2016

According to Harvard University data, September 16th is the most common birthday currently in use. Preparing for a baby is a time of celebration but with the arrival of the baby comes an added expense for your family in addition to a drop in income for many new families. We have come up with some Read More

Naming Beneficiaries: What You Need to Know

July 06, 2016

A major issue in estate planning is whom to name as beneficiaries on life insurance policies, pension plan accounts, IRAs, and annuities. This important decision often doesn’t take into account the substantial estate and income tax consequences the beneficiary may incur. So before you name a beneficiary, you may wish to gain a basic understanding Read More

When to Tap into Your Emergency Fund

June 29, 2016

We have all heard it time and time again that we should have an emergency fund set up for those unexpected expenses that arise. About 20% of Americans struggle to stick to a budget, while nearly 13% find saving up an emergency fund to be a challenge according to GoBanking Rate’s 2015 Life + Money Read More

Money Motivation

June 22, 2016

What is your motivation with money? Money is simple a vehicle to help you get and give the things you want and need. I believe there are different types of motivation when it comes to money. Which one do you fit into? Level 1 – Motivated by Money You do whatever it takes to make Read More

Couples Retirement Readiness

June 15, 2016

how well are you communicating with your significant other about retirement? If you are wondering, we ahve included a simple questionnaire that can help you determine what you need to be talking about with your partner. Instructions: Do the assessment separately and then share your results. Put a T after the statements you believe are Read More

Tips for Widows

June 08, 2016

Losing a spouse is one of the most difficult things you can go through in life. It is important to make decisions and move ahead with understanding your situation and doing things to help you. Here is a list of some tips that can help you through this difficult situation. What to do as soon Read More

Why You May Be Broke

June 01, 2016

Do you find yourself looking up your bank account balances and wonder why they are so low? Then on the other hand you look up your credit card balances and they are high? Do you feel like you are never going to get ahead? You have a good job and work hard but you are Read More

Credit Surprises for Divorcing Couples

May 25, 2016

Divorces can get messy. Many people do not factor in the affect it can have on your credit. Below are a few different nasty surprises that affect your credit while you are in the divorce process. The key is to be prepared beforehand: Your ex might not honor court-ordered financial obligations. Just because your soon Read More

Save More Money Every Day

May 18, 2016

Have you ever looked at your bank or credit card statement and wondered where all your money went? Often times we are spending money and not being conscious about where it is going. It is important to see where you are spending money and on which items you can cut back on. Here are 4 Read More

Preventing Identity Theft

May 11, 2016

Millions of Americans fall victim to identity theft each year — and their financial losses are in the billions. In 2015, an estimated 16.6 million Americans experienced identity theft, causing losses of $24.7 billion. What can you do to help reduce your chances of having your identity stolen? The steps below can help you prevent Read More

Toxic Money Habits

May 04, 2016

Bad habits are always hard to break. But when it comes to bad money habits – they are all the more important to break. We have come up with a list of the most common bad money habits we have found and how you can stop them from happening in your life. Emotional Spending You Read More

Doing the Math – How Much Will You Need For Retirement?

April 27, 2016

Even though calculating a retirement savings goal is key to pursuing and maintaining a confident financial outlook, the Employee Benefit Research Institute reported in 2013 that just 46% of American workers have figured out how much money they will need to accumulate for retirement.1 And more than half admit that they are behind schedule when Read More

Financial Literacy Quiz

April 13, 2016

Two-thirds of adults throughout the world are financially illiterate, according to Standard & Poor’s Global Financial Literacy Survey. The survey of 150,000 adults in 148 countries revealed that 70% of women and 65% of men can’t correctly answer questions about investment risk, inflation, numeracy and compound interest. Five questions were asked, and respondents were deemed Read More

How To Stay On Budget

April 06, 2016

We all know we are supposed to have a budget – but how do you stick to it? We can all make one but keeping to that budget and staying motivated to do so are much more difficult. Even when we know we are saving money by following a budget, we can get unmotivated and Read More

Are You Prepared to Retire?

March 30, 2016

Retirement used to conjure up images of lazy days spent in a rocking chair. Today’s retirement is very different. You might plan to open a business of your own. Or perhaps you’ll return to school for that degree you never had the chance to complete. So what does this redefined retirement mean to you? There Read More

Six Questions to Ask Older Parents

March 23, 2016

Regardless of whether you and your parents have always talked freely about money or never discuss the subject, there are several considerations you may want to address with them as they approach their later years. These six questions below can help you to start thinking about and planning for that conversation. 1. What’s the best Read More

Improving Your Credit Score

March 16, 2016

We all know that your credit score is important. But how exactly do you go about improving your credit score? We have found four ways that we have found to be simple tricks of increasing that number: Reduce Credit Card Balances Pay down your existing balances. You don’t need to have all the balances down Read More

Getting Divorced? A Checklist for a Financially Sound Separation

March 09, 2016

Managing the financial aspects of a divorce may be just as important as coping with the emotions. This checklist can help you transition from “ours” to “mine” and “yours.” Day-to-day transactions and financial accounts • Divide all bank account balances as called for in the divorce agreement. • Cancel joint checking, savings and revolving credit Read More

Financial Planning for Unmarried Domestic Partners

March 02, 2016

Only 26% of American households are composed of married couples with dependent children, according to the latest U.S. Census. That number has dropped significantly: In 1970, 40% of households fit in that category.1 Meanwhile, over the past 40 years, the number of unmarried couple households has increased by a factor of four, to over 6% Read More

The Importance Of Emergency Savings

February 24, 2016

Did you know that most financial experts recommend setting aside enough money to cover six to twelve months’ worth of expenses in the event of a major financial surprise? That’s because a well-funded emergency account has the potential to get you through the tough times without the need to spend other savings, such as assets Read More

I’m a Single Parent – How can I get ahead financially?

February 17, 2016

As a single parent, you will want to understand the financial strategies that can stretch your income and help you lay the groundwork for a secure future. Consider the following lessons to help improve your family’s bottom line: Identify Your Goals You can’t have a financial plan without first defining your financial goals. Start by Read More

Saving Money on Groceries

February 10, 2016

Let’s face it, we all have to eat. If you are anything like me, when you go to the grocery store, your cart seems to be much fuller than what it should be. This is something that is a common problem and something that we have found can also be an easy fix. Try to Read More

Can You Afford Early Retirement?

February 03, 2016

Early retirement is a phrase many Americans wish they could turn into a reality. While retiring in your 50’s or early 60’s sounds enticing, it typically requires years of planning to make sure you’ve accumulated enough retirement assets to last for 20 or 30 years or more. It’s important to factor in how an early Read More

Smart Money Lessons to Teach Your Teenage Daughter

January 27, 2016

We know, it can be hard to get through to your teenage daughter about anything these days. However there are some lessons about money that are best learned now. At some point she will be making her own financial decisions and more than likely those of her household. According to the Family Wealth Advisors Counsel’s Read More

Retirement Income – 4 Choices

January 20, 2016

Retirement. It is something we are all looking forward to, but it is also something we all need to plan for as early as possible. While enjoying your retirement is key, you will also need income. Once you stop working, those paychecks will stop arriving as well. So how do you pay bills and do Read More

Money Savings Tips for Your Next Vacation

January 13, 2016

With the cold and snow surrounding us, a vacation this time of the year sounds fantastic! However, it is not always in the budget to do so. We have made up a list of things that will help you save money so you can afford that trip to the tropics. Eat In Get a hotel Read More

New Year’s Resolution

January 06, 2016

The most common New Year’s resolutions are things like “I’m going to lose weight” or “I’m going to quit smoking.”  Although these things do make you healthier and help you in your future, try to make a resolution this year that will really prepare you for your future. Instead how about have your new year’s Read More

Start Your New Year with a Financial Review

December 30, 2015

As you plan for the year ahead, is an investment checkup leading your list of resolutions? Taking time for a detailed financial review — including retirement planning, college savings, and your tax situation — may help you progress toward your long-term goals. Consider the following items as part of your checkup: Capitalize on tax reductions. Read More

How Do You Keep Your Identity Safe?

December 23, 2015

This goes for everything you have financially — credit cards, banks, brokerages, credit unions — as well as email and social networking accounts. You should also monitor your phone bills (both cell and landline), as thieves can “piggyback” on your plans. But above all, be sure to check your monthly financial statements carefully. If you Read More

Tax Savings for Families

December 16, 2015

There are a number of ways for families to keep their tax bills low at tax time. Here are some moves you could consider making throughout the year to help you: Work Give yourself a raise. If you get a big tax refund, it means you are having too much in taxes taken out. File Read More

How to Choose a Financial Advisor

December 09, 2015

Americans’ financial lives are increasingly complex. It’s not unusual to have checking and savings accounts, a 401(k), IRAs, and other personal investments. Keeping track of all your savings and investments has prompted many individuals to seek guidance. If you are part of this growing majority, you may have already scheduled a meeting with an advisor. Read More

How to Determine What Qualifies as a Real Financial Emergency

December 02, 2015

Building a solid emergency fund is essential for safeguarding against surprise life expenses. We like to suggest 6-12 months of income to be set aside in your emergency fund. The 2014 Assets and Opportunity Scorecard revealed that 44 percent of American’s are “liquid asset poor,” meaning they lack enough savings to cover three months worth Read More

What Money Can’t Buy

November 25, 2015

Money. It is what makes our world go round. With money, you have the power to purchase the things you need and want, do the things you have always wanted and travel places you have always wanted to visit. However, there are many things in life that are MORE important that money can’t buy, or Read More

Life Values Quiz

November 18, 2015

Research shows that there are four categories of human values corresponding to people’s concerns in life. Inner, Social, Physical and Financial. Inner values are personal. These values include our identity, the desire to worship (or not) as we please, our need for safety and security, and many other aspects of the “real me”. Inner values Read More

Funding Challenges of Women-Owned Businesses

November 11, 2015

Female entrepreneurs are an undeniable force in the economy, yet many still face fundamental challenges when it comes to securing start-up funding or other types of financing. Facing Challenges – Although the number of women who apply for and obtain equity capital has increased in the past few years, progress has been low. According the Read More

Make the Most out of your 401(k)

November 04, 2015

As more Americans shoulder the responsibility of funding their own retirement, many rely increasingly on their 401(k) retirement plans to provide the means to meet their investment goals. That’s because 401(k) plans offer a variety of attractive features that make investing for the future easy. Here are some things to help you better understand your Read More

Retirement Savings Tips to Help Avoid Regret

October 21, 2015

According to a recent TIAA-CREF Ready to Retire survey, “…more than half of people approaching retirement (52 percent) say they wish they had started saving for the future sooner” Some key findings from the survey also included: 47 percent of respondents wish they had saved more of their paychecks for retirement and 34 percent wished Read More

Zero in on Your Holiday Budget

October 14, 2015

Don’t look now because before you know it the season of giving — and spending — will be upon us. Don’t wait until the credit card bills arrive in January to think about how you’re going to pay for your holiday spending. Start now and consider these planning tips. Have a realistic budget and stick Read More

National Domestic Violence Awareness Month

October 07, 2015

“Domestic violence causes far more pain than the visible marks of bruises and scars.  It is devastating to be abused by someone that you love and think loves you in return.  It is estimated that approximately 3 million incidents of domestic violence are reported each year in the United States.” –Dianne Feinstein, Senator Here are Read More

Will Your Money Last?

September 30, 2015

A sound retirement income plan takes into account several financial risks, including the potential for the retiree to outlive his or her assets, the effects of inflation on future income, rising health care costs, and the uncertain future of the Social Security system. For example, inflation increases the future cost of goods and services; inflation Read More

Planning for the Future- What Motivates You?

September 23, 2015

It used to be that Americans could count on a pension plus Social Security to get them through their Golden Years. But traditional pensions only account for an estimated 18% of the total aggregate income of today’s retirees, and Social Security accounts for only about 38%.1 Alas, the responsibility for the bulk of your nest Read More

Money Matters Divorcing Spouses Often Overlook

September 16, 2015

When going through a divorce, it is very important for both spouses to understand their post-divorce financial needs and their current financial situation. Often times during a marriage, only one person is the one in charge of the family’s finances and the other is unsure of where things are at. These items are often overlooked Read More

How Household Budgets Have Changed Since 9/11

September 09, 2015

September 11th is quickly approaching and we will never forget what happened on this day 14 years ago. Much in our country has changed and household spending and budgets has as well. There are three key areas where our household budgets have experienced financial change since 9/11. Travel The Office of Travel and Tourism Industries Read More

A Retirement Reality Check

September 02, 2015

If you have already retired or if you can count the number of years until retirement on your fingers then please heed this friendly warning: Unless you’re already making the most of your current retirement planning strategies, then it may be difficult to lay the groundwork for a financially secure future. Is your portfolio on Read More

Do You Have Any of These Money Habits Found in Unhappy Couples?

August 26, 2015

We all know those couples that seem to be unhappy in their relationship; many times the unhappiness comes from their money habits.  Whether they are hiding purchases or racking up the credit cards, they ignore and sometimes refuse to address the problem.  Financial harmony is crucial in a relationship. Over the years we have seen Read More

Investing Myths That May Be Costing You Money

August 19, 2015

When it comes to investing, there are myths out there, we have all heard them. These myths can often times be very costly for you and can lead you to take too much risk or too little or maybe even avoid investing at all. Below are some common myths about investing and then we give Read More

Katherine and Tara

August 18, 2015

“Go Whale Watching” Read More

How to Save Money at the Fair

August 12, 2015

A trip to the Minnesota State Fair can get very expensive once you consider all the costs associated, transportation, parking, admission, rides, food and entertainment. We have come up with six tips to help you save money when visiting the fair this year: 1. Buy tickets in advance if possible. You can purchase them for Read More

Back to School Expenses

August 05, 2015

With summer winding down, back to school shopping is just around the corner. It seems that each year these expenses can really take an effect on your pocket book. From new school clothes to school supplies, it seems that the costs can add up quickly. We believe that preparing your kids for the classroom doesn’t Read More

What You Need to Know about Your Will

July 29, 2015

A will provides the peace of mind that comes from planning to pass on the fruits of your life’s labor to your loved ones. Without a will, the probate court will decide how your assets are to be distributed and, if minor children are involved, with whom they will live. What Is a Will? A Read More

The Importance of Professional Advice

July 22, 2015

In an endeavor as critical as managing your investments, it is prudent to handle some situations with the help of a competent professional advisor. Many individual investors simply do not have the time, patience, or persistence to deal effectively with their investments over the long term. Many investors have the motivation to put in the Read More

Keys to a Happy Retirement

July 15, 2015

Whether you currently have a vision for what you want your retirement to look like or are still trying to envision it, there are some keys to help you make sure your retirement is a happy one. Allow for a period of transition If you are one of those people who know exactly what you Read More

Can you inherit your parent’s debt?

July 08, 2015

The death of a parent is a horrible time for anyone. What’s even worse is when they pass away with big debts tied to their names. So, the question is, can you, as their child, inherit this debt? Typically, unless you cosigned one of the loans of accounts or the estate, you are not responsible Read More

Money Relationship Quiz

July 01, 2015

The goal of the Money Relationship Assessment is to uncover your level of Financial Infidelity so you can identify the issues in your relationship and address them together. You and your partner should each take this assessment on your own and when finished, share your answers and score with each other. Click here to access Read More

College Costs

June 24, 2015

On May 16 Fidelity announced the results of its second Cost-Conscious College Graduates Study. This study showed that a high percentage of recent college graduates have no idea how much debt they accrued to obtain their degree. The study also concluded that nearly 40 percent of the respondents would have made different choices regarding their Read More

Social Security

June 17, 2015

As we have all heard, there is the risk of Social Security running dry at some point in the future. It has been predicted that the fund that holds Social Security benefits for workers with disabilities could be depleted by 2017, with retirement benefits following in 2036. So you are probably wondering, is this true? Read More

Summer Job Savings

June 10, 2015

Having a summer job is a big deal for kids. Not only does it teach them work ethic and responsibility but also gives kids a chance to make their own money and not rely so heavily on mom and dad for money. It is important to let your children spend some of their earnings. We Read More

Yours, Mine and Ours – A Couples Guide to Retirement Planning

June 03, 2015

While the reasons for earning two incomes may vary from couple to couple, these families often face a similar financial challenge: participation in separate retirement programs. As a couple, your combined retirement assets are not just limited to what you may have accumulated in your current employers’ retirement plans. You also need to consider any Read More

Bad Lessons Your Parents Taught You About Money

May 27, 2015

Money lessons aren’t typically taught in school, which means it is the parent’s responsibility to teach these lessons to their children. Personal finance we feel is one of the most important lessons that parents are in charge of passing down. However, we all know that not everyone is a great teacher, especially when it comes Read More

Boys Learn More About Money Than Girls

May 20, 2015

With women managing a good deal of the money in the United States today, it would seem then that girls are raised to be as informed and confident about money as boys. However, according to the T.Rowe Price 2014 Parents, Kids and Money Survey, that isn’t necessarily the case. The sixth annual survey asked 1,000 Read More

Wedding Season

May 13, 2015

Wedding season is just on the horizon. Invitations are going to begin stacking up and these weddings can cost you a fortune. According to women shell out $1,700 on average to be a bridesmaid in a wedding. Just like the holidays, it is smart to prepare and plan in advance for the costs associated Read More

Mothers are Priceless

May 06, 2015

With Mother’s Day just around the corner, it is hard not to think about mom, how much you love her, how she brought you into this world, raised you and so forth. We owe our mothers for all that they have done for us. is giving you the chance this Mother’s Day to hand Read More

Divorce Spring Cleaning

April 29, 2015

Spring is finally here! It is the time of year where we scrub behind the refrigerator and delete some unneeded files from our hard drive; it is time for spring cleaning. And if you are considering filing for divorce this year, you may want to put some of the springtime energy into getting yourself organized Read More

Teach Your Children to Save for College

April 22, 2015

Being part of the college planning process can be very educational for children, as it presents them with valuable financial lessons for the future. Children can earn money, learn about sources of financial aid, research potential colleges, and take other steps that may relieve their parents of some of the responsibility of college planning. Get Read More

How to talk to your agin parents about money

April 15, 2015

Talking with your elderly parents about their finances can be a tough subject to approach and discuss with them. However, if you fear they may be having trouble managing their money because of issues related to aging, you may want to start the conversation with them. You want to learn as much as you can Read More

Financial Literacy Boosts Worker Productivity and Morale

April 08, 2015

When employers educate their workers and help them make the maximum use of their benefits, employees are likely to be more productive and engaged, according to two recent surveys. If you are an employer you want productive and happy employees. If you are an employee, you want to enjoy your job, your life and be Read More

Your Tax Refund – Don’t Blow It

April 01, 2015

Many people will be getting a tax refund this spring. For many, that tax refund money will be a nice chunk of change. A report from Kiplinger released on March 27th, 2014 states that the average refund has been around $3,000 for the past two years. But remember, if you are getting a large refund Read More

Why Women Need to Save More Than Men

March 25, 2015

Women often face greater obstacles when it comes to investing for retirement. On average, women work fewer years and earn less than men. This means that they have lower pension and Social Security benefits. But they also have longer life expectancies, so they need to save even more for a longer retirement. Women must also Read More

Americans Are Too Afraid to Take Days Off From Work

March 18, 2015

With everyone heading to warmer, exotic locations lately, it is hard to believe that about 40 percent of Americans don’t plan on using all of their paid time off this year according to a new survey released in August 2014 by the U.S. Travel Association and GFK, a market research firm. The survey polled 1,303 Read More

Should Couples Retire Together?

March 11, 2015

There is not a correct yes or no answer to whether it is best for couples to retire at the same time or different times. There are merely pros and cons of each option and the decision is left up to you. Consider these pros and cons in helping you to decide if it is Read More

Purchases Worth Their Ridiculous Price Tags

March 04, 2015

Cutting down on your spending is one of the best ways to increase your savings. There are many items out there today that may not be worth their price tag, especially those brand name items. A report by consulting company PWC in August 2014 revealed that 93 percent of Americans changed their shopping habits after Read More

Social Security

February 25, 2015

As we have all heard, there is the risk of Social Security running dry at some point in the future. It has been predicted that the fund that holds Social Security benefits for workers with disabilities could be depleted by 2017, with retirement benefits following in 2036. So you are probably wondering, is this true? Read More

Are you spending too much on your business trips?

February 18, 2015

Even if the company is paying for your airfare and hotel stay, travel expenses can add up quickly. You need to consider the cost of eating out, transportation and more. With myself traveling for work recently, I have come up with a few areas you could cut back on to save some money while traveling: Read More

Ben Londy 

Ben comes to Prosperwell with 25+ years of experience in accounting, finance and operations. He has worked for a Fortune 50 company for 9 years in their Retail Finance Group and has worked for start-ups, turn-arounds and has been a business owner. He attended the University of Minnesota – Twin Cities and received a degree Read More

Valentine’s Day Costs

February 11, 2015

Americans spend over $13 billion on Valentine’s Day buying candy, flowers, jewelry and going out to dinner, according to the Retail Advertising and Marketing Association. However, not everyone can afford to go out and spend a large amount of money on Valentine’s day, and even for those that can afford it, it is not always Read More

Money Personality Quiz

February 04, 2015

The Money Personality Assessment was made to help couples build a strong, healthy money relationship. It was developed to give you insidghts into how you think about and deal with money. Click HERE to take the assessment. It will take you less than 15 minutes to complete and the results could have an impact on Read More

Plan Ahead to Ease Travel Headaches

January 28, 2015

Waiting in a winding airport security checkpoint line is just one of many potential headaches today’s travelers experience. Worrying about what to pack, what kind of identification is required, and how much cash to bring are yet others. In order to help ease the stress level before and during your next trip, it might help Read More

Financial Factors to Consider Before Having Kids

January 21, 2015

There comes a time in many people’s lives where you begin to casually wonder if you will have children. Regardless of your status – whether you are married or single – it can be a costly decision if you choose to have children. According to a study done in 2014 by the U.S. Department of Read More

National Mentoring Month

January 14, 2015

January is National Mentoring Month and is a great time to discuss the importance of finding and having a mentor. I pride myself on focusing our practice on using a mentoring approach with our clients as well as by being a mentor myself. I learned when starting our practice how important it was to have Read More

Live It List™

January 07, 2015

Many of you have probably heard our term “Live It List.” The “Live It List” is one that we came up with to replace the common term “Bucket List.” Everyone knows what a bucket list is, however we wanted to come up with a name that didn’t have such a negative connotation behind it. Instead Read More

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