Money Clinic: 5 Steps to Creating a Winning Financial Plan in 2017

Creating a personal financial plan will help you achieve any goal you’ve set for yourself. However, the prerequisite to creating a winning plan is to first take an inventory of where you are now. Sit down, take out a pen, and make a list of everything you own (e.g., assets such as cars, stocks, bonds, […]
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Money Clinic: Tax-loss Selling – ‘tis the Season

Tax-loss strategies, or the selling of investments to claim losses, are a popular way investors can reduce the taxes they owe. These strategies can potentially improve the after-tax return of an investment portfolio. But unless they are executed optimally, they may cause investors to lose out on significantly better investment returns. For struggling securities, a […]
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Money Clinic: Earn More on Your Savings

If you’ve never used an online bank, you may wonder what the experience is like. Why are they popular, and what makes them different from the brick-and-mortar bank that you currently use? There are plenty of similarities, but a few key differences make online banks attractive for web-savvy consumers. Stop getting hit by the brick… […]
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Money Clinic: Tough Choices – Retirement versus College

Saving for your children’s college education at the expense of funding your retirement plan is a bad choice. You should always take full advantage of retirement accounts such as 401(k), IRA, and 403(b) tax-sheltered annuities before funding your college savings accounts. These retirement plans offer unique tax advantages, and, in some cases, matching contributions from […]
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