Personal Finance

Managing Cash Flow in Retirement

Retirement is an exciting chapter in life, but managing your money during this time can feel a bit daunting, especially when it comes to larger expenses like vacations, buying a car, or renovating your home. Unlike when you were working, your income in retirement may be fixed, and pulling from your savings or investments can […]

Is a Second Home Right for You? Key Factors to Evaluate

Buying a second home can be exciting and feel like a dream come true, but with today’s rising home prices and ongoing upkeep costs, it’s essential to take a step back and evaluate the full picture before diving in. Here are a few key things to consider before making this major decision: Financial Factors Property […]

Major Medicare Changes for 2025: What You Need to Know

With open enrollment for Medicare starting on October 15th, it’s crucial to review the changes coming to Medicare plans in 2025. These changes are significant, marking the most substantial updates since Part D plans were first introduced in 2006. Whether you’re on a Medicare Part D or Medicare Advantage plan, it’s essential to understand these […]

Prepare to Save: Amazon’s 2024 Prime Big Deal Days

Amazon kicks off the holiday shopping season with Prime Big Deal Days on October 8th and 9th – one of the biggest shopping events of the year. With exclusive deals for Prime members, it’s a great time to save big on the items you’ve been eyeing. But with so many deals, how do you make […]

Avoid These Common Cash Management Mistakes

With short-term interest rates still at the highest levels in the past 15 years, managing your cash wisely is more important than ever. Essentially, good cash management involves finding a balance between having enough liquidity for your cash flow needs and generating a reasonable return on your cash. As you fine-tune your cash management strategy, […]

Tackling Your Finances: Insights From the Football Field

Football season is back, and fans are gearing up for tailgates, debating big plays, and celebrating wins. But beyond the excitement of touchdowns and tackles, there are striking similarities between the strategies used on the football field and the principles of personal finance. The Game Plan: Assessing Your Position and Setting Goals Just like football […]

Conquering Debt: The Avalanche Method

If paying off your debt feels like an uphill battle, you’re not alone. The process can be overwhelming, but it doesn’t have to be. The key is finding a strategy that works for you, such as the Avalanche Method. Let’s take a closer look at this debt payment strategy to see if it may be […]

Conquering Credit Card Debt: The Snowball Technique

Debt can feel overwhelming, but the right strategy can help you manage and eliminate it. Each strategy has unique advantages and can be tailored to fit your financial situation. One popular method for paying off debt is the Snowball Technique. Let’s take a closer look: The Snowball Technique The Snowball Technique focuses on paying off […]

The Tax Implications of Selling Your Home

With home prices rising significantly over the past several years, many homeowners are unsure about the tax implications of selling their homes. Fortunately, the Internal Revenue Service (IRS) offers exclusions that can greatly reduce or eliminate the capital gains tax on the sale of your primary residence. Here are the details: Exclusion Amount: One of […]

Beware of ‘Spaving’: Learn How to Save Without Overspending

“Spaving,” a blend of “spending” and “saving,” is a marketing tactic that often lures consumers into buying more than they need. This strategy appears in promotions like “buy one, get one free,” free shipping offers, and bulk purchase discounts. While these deals can provide genuine savings, they frequently lead to unnecessary spending and financial waste. […]