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Required Minimum Distribution: What It Is and How to Calculate It

By Amanda McFarlane | September 15, 2021

Last updated: 02/28/2024 Required minimum distributions are important to your overall income strategy in retirement, but the rules can be complex, especially if you have multiple retirement accounts. Read on for more about what a required minimum distribution is, how to calculate it, and special exceptions for taking an RMD.…

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Diversification: What It Is and Why It Matters to Your Portfolio—and Financial Future

By Amanda McFarlane | September 10, 2021

Last updated: 02/28/2024 The stock market and investing, in general, can come with high highs and stomach-churning lows. Knowing where to invest your money and how much to invest is a complicated interplay of many factors—investing most or all of your money in one security or stock means you’re fully…

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How to Improve Your Credit Score

By Amanda McFarlane | August 27, 2021

Last updated: 02/28/2024 Your credit score has a significant impact on your ability to meet your financial and other life goals. A good credit score makes life a little easier and more affordable—you’re more likely to get approved for loans with lower interest rates, meaning lower payments and more money…

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How to Avoid Emotional Investing

By Amanda McFarlane | August 20, 2021

Last Updated: February 14, 2024 Money is personal—there’s no denying that. You’ve worked hard for it, and it touches nearly every aspect of your life. In the same vein, emotions are ever-present in our lives and affect almost every decision, reaction, and situation we encounter. Market changes, volatility, and chasing…

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What Is a Credit Score and Why Is It Important to Your Financial Future

By Amanda McFarlane | August 13, 2021

Last Updated: February 14, 2024 Your credit score has a significant impact on many aspects of your life—your ability to obtain a credit card, mortgage, or other loans, loan interest rates and terms, and sometimes whether you can rent an apartment or how much you’ll pay for a deposit on…

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What Are Advance Healthcare Directives and Why Do I Need Them?

By Amanda McFarlane | July 23, 2021

Last Updated: February 14, 2024 Preparing for end-of-life care and decisions is uncomfortable and can feel morbid. Still, preparation can ultimately be a comfort to you and your family if and when the time comes to carry out those directives. The U.S. population continues to age, and medical innovations are…

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Guide to 529 Plans

By Amanda McFarlane | July 14, 2021

Last Updated: February 14, 2024 Saving for your children’s or grandchildren’s college education can seem like a daunting task, especially with the skyrocketing costs of higher education. Since 2000, the average annual cost to attend a U.S. college has more than doubled—and it shows no signs of slowing. According to…

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How Retirees and Pre-Retirees Can Hedge Against Inflation

By Amanda McFarlane | July 9, 2021

Last Updated: February 14, 2024 Today’s dollar buys far less than it did 10, 20, and 30 years ago—much like today’s dollar will not have the same purchasing power in 10, 20, and 30 years in the future, meaning that as time goes on, your money will not stretch as…

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