Posts by Amanda McFarlane
Duties and Responsibilities of Trustees of a Living Trust: What You Need to Know
What Is a Living Trust? A living trust is an entity, a legal document, that houses your assets (investments, bank accounts, real estate, valuable personal property) in a way that…
Read MoreHow to Teach Kids About Money
We’ve all heard the old adage, “Money doesn’t grow on trees.” It was likely said to you often, possibly when you asked for a new pair of sneakers or when…
Read More10 Reasons You Need a Will
In the event that you die or become incapacitated, have you adequately entrusted your assets to those you love? Wills are not just for the wealthy. According to caring.com, only…
Read MoreReverse Mortgages: What They Are and If They’re Right for You
Millions of Americans are entering retirement encumbered with mortgages. The proportion of homeowners aged 65+ who still carry a mortgage doubled over the last 30 years—from 21% in 1989 to…
Read MoreIdeas for How Kids Can Earn Money
The importance of raising kids who understand basic concepts about money, finances, and investing can’t be understated. These lessons can carry through into adulthood, helping your money-savvy (grown) child make…
Read MoreHow to Survive a Recession: 7 Steps to Take Now to Prepare for an Economic Downturn
Economic downturns can be nerve-wracking and challenging to know how to survive—and the word recession is a big scary word for many, especially those who experienced the recessions in the…
Read MoreWhat Is a Recession?
Volatile stock markets, rising interest rates, and the highest inflation rates in 40 years bring one nagging question to the front of Americans’ minds: Are we in a recession? What…
Read MoreThe True Cost of Homeownership
To many, owning a home is the pinnacle of adulthood, responsibility, and success. When you think about purchasing a home, you may tend to only think about it in terms…
Read MoreWhat Is Financial Planning?
According to the CFP® Board, “Financial planning involves look at a client’s entire financial picture and advising them on how to achieve their short- and long-term financial goals.” If this…
Read MoreHow a Mega Backdoor Roth Conversion Works
Last Updated: March 13, 2024 It’s no secret that Roth individual retirement accounts (IRAs) have several major benefits—after-tax contributions to your IRA account offer tax-free growth and distributions later in…
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