Reducing the Donut Hole

You may never have heard of the “Donut Hole”. It has to do the Medicare Part D prescription drug plans. The donut hole is an unusual coverage gap that is triggered after you have paid $3,750 of drug costs in a year. After reaching the donut hole, you would suddenly be paying for […]

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Why Advanced Directives are Important

Many people have specific ideas about how much and the type of care they want to receive at the end of their life. Unfortunately, many wait too long before creating and documenting these wishes – as well as identifying a person (known as a health care surrogate) responsible for making the decisions if the […]

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How do I replace my Social Security card?

Chances are, you probably have your Social Security number memorized, so you may not have had to use your card in awhile. However, there are times when you may be required to show your actual card, such as when you start a new job or need to access certain government services. Fortunately, replacing a lost […]

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Do I need to get a REAL ID when I renew my license?

If you need to renew your driver’s license, you may want to get a REAL ID. The REAL ID Act, passed by Congress in 2005, enacts the 9/11 Commission’s recommendation that the federal government set minimum security standards for state-issued driver’s licenses and identification cards.

Beginning October 1, 2020, residents of every state and territory will […]

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How Does Your Employer’s Retirement Plan Compare?

Each year, the Plan Sponsor Council of America (PSCA) surveys employers to gauge trends in retirement plan features and participation. Results are used by employers and plan participants to benchmark their plans against overall averages. How does your plan compare to the most recent survey results, released at the end of 2018?1

Participation and savings rates

Plan […]

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Rules on Opening a 529 Plan Account for College

Year over year, participation in 529 plans continues to rise.1 Anyone can open an account, lifetime contribution limits are typically over $300,000, and there are tax benefits if the funds are used for college. Here are some common questions on opening an account.

Can I open an account in any state’s 529 plan or am I […]

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Quiz: Social Security Survivor Benefits

Did you know that Social Security may pay benefits to your eligible family members when you die, helping to make their financial life easier? Take this quiz to learn more.


1. What percentage of Social Security beneficiaries receive survivor benefits?

a. 5%

b. 10%

c. 15%


2. Your child may be able to receive survivor benefits based on your Social […]

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Monthly Returns

Years ago, a study in the Journal of Business of the University of Chicago a researcher named Sidney Wachtel found that stocks tend to go up more in January than in the other months – something dubbed the “January Effect”. In addition, over time, we have “learned” that markets tend to decline during the […]

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Less Stuff to Carry Around

Many people are not carrying around all the stuff they once did. For example, your phone is now your camera and your earbuds replaced your old Walkman. Your phone also functions as your GPS, email and text sender and receiver, and the mobile apps function in ways that once required a computer.

The consolidation […]

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Inflation: Costs and Benefits

For someone saving for the cost of future retirement, inflation erodes your future purchasing power. One of your investment objectives is likely to have a return greater than the drag of inflation.

Believe it or not, the government (specifically the IRS) will periodically increase certain thresholds for the impacts of inflation. For […]

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