Although our financial lives are all different, we tend to look for one-size-fits-all solutions to our financial challenges. Take debt, for example. There are two effective methods that will help you pay down debt: the debt snowball and the debt avalanche. Instead of taking the time to consider which method is most appropriate for their financial situation, most people just want to know: “Which method is the best, the snowball or the avalanche?”
Retirement is about utilizing each dollar of your accumulated wealth to live comfortably on your terms and, hopefully, fulfill some of your biggest dreams. At least, this is how retirement is supposed to work. Unfortunately, people too often find their financial futures hindered by debt.
The end of the year is giving season, but tax reform has changed the rules for charitable contributions. Many donors won’t receive the same tax breaks like in years past. However, there are two giving options available that will allow some donors to preserve those charitable tax deductions.
You’ll recall one of the biggest financial stories last year was the Equifax security data breach. It was estimated that personal information, such as Social Security numbers, credit card numbers, driver’s license numbers, home addresses and birth dates, for over 140 million Americans was exposed.
The majority of U.S. households donate to charity, according to the most recent data from the Indiana University Lilly Family School of Philanthropy. Although our reasons for donating may vary, a plan can help all of us successfully make charitable giving a part of our financial lives.
From postal workers to VA doctors, we’ve had the pleasure to work with many federal government employees. The one area we advise them to focus most of their attention is here: the Thrift Savings Plan (TSP).
We’re pleased to announce that Michael Hohf and Daniel McHugh have been named as America’s Top Next-Gen Wealth Advisors by Forbes Magazine. The list recognizes top-performing young advisors from across the country.
If you succumb to any common financial and investing myths, you could see some of your money and potential future wealth go up in smoke.
We are honored to announce that Advance Capital Management has been named as one of the Financial Times 300 Top Registered Investment Advisers in 2018. This is our second year in a row on the list!