Articles
79% of Americans agree they would benefit from having basic financial education and information.
Source: The 2018 Consumer Financial Literacy Survey, The National Foundation for Credit Counseling
Welcome to our research center! We've put together a library of information on important financial topics that we believe you'll find helpful.
Simply click on one of the general financial topics below and you'll find a selection of easy-to-understand information sheets about related financial concepts and strategies. This information is updated regularly to reflect the latest facts, figures, legislation, and economic trends.
Estates & Trusts
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Estate Planning
Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.
Retirement
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SEP IRAs
A SEP IRA is a type of plan under which the employer contributes (up to a certain limit) to an employee’s IRA.
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SIMPLE Plans
The SIMPLE plan may appeal to small business owners as it is easy to set up, administer, and allows for a tax deduction.
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Stretch IRAs
A “stretch” or “multigenerational” IRA may be a useful approach to extend tax-deferred savings that can benefit your heirs for generations.
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IRA Rollover
If you leave a job or retire, you should consider your options regarding your employer retirement plan assets.
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Roth 401(k)
A Roth 401(k) is funded with after-tax money, and allows for tax- and penalty-free withdrawal of earnings if requirements are met.
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Profit-Sharing Plans
Profit-sharing plans give employees a share in the profits of a company and can help to fund their retirements.
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Money Purchase Pension Plans
A money purchase plan is a retirement plan where employer contributions are based on a fixed percentage of compensation.
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403(b) Plans
A 403(b) plan is a tax-deferred retirement savings plan that can only be offered by a 501(c)(3) tax-exempt entity.
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How Much Do I Need to Save?
Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.
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A New Chapter for Retirement
With the changing pension landscape, it is important to take charge of your own retirement security.
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Unforgettable Birthdays
There are key dates after you turn 59 that can impact your taxes, Medicare eligibility, and retirement benefits.
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Your Business and Retirement
Allocating too much of your retirement investments to one company, even your own, can be a risky proposition.
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Traditional IRAs
If you do not participate in an employer-sponsored retirement plan, you might consider a traditional IRA.
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401(k) Plans
401(k) employer-sponsored retirement plans have many benefits, including that the funds accumulate tax-deferred.
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Save Now or Save Later
If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.
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Roth IRAs
Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.
Tax Planning
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Capital Gain Tax
Capital gains are profits realized from the sale of assets; a tax is triggered only when an asset is sold, not held.
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Estate Tax
Everything you own, whatever the form of ownership, is subject to federal, and possibly state, estate taxes.
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Gift Tax
The federal gift tax applies to gifts of property or money while the donor is living.
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Retirement Plan Limits
IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government.
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Required Minimum Distributions
Required minimum distribution is the annual amount that must be withdrawn from a qualified retirement plan/account.
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Retirement Plan Taxes
With traditional IRAs and most employer-sponsored retirement plans, taxes are not payable until funds are withdrawn.
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Withdrawing Before Age 59.5
Tax-deferred retirement account withdrawals before age 59½ generally triggers a 10% federal income tax penalty.
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Tax Deferral
There can be a substantial benefit to deferring taxes as long as possible.
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Tax Deductions
Changes to the tax code have left a few key deductions for itemizers, like medical, dental and some business expenses.
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Tax Strategies for Retirement Plans
Consider a trustee-to-trustee transfer to an IRA versus a lump-sum distribution from a workplace retirement plan.
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Mutual Fund Profits
Want to keep more of your mutual fund profits? You may be interested in strategies to help lower your tax liability.
Investing
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Dividends
It is important to understand how dividends (taxable payments to shareholders) fit with your long-term goals.
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Growth Stocks vs. Value Stocks
The labels “growth” and “value” reflect different approaches that can be used when making investment decisions.
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Mutual Fund Taxes
Mutual fund taxes can be cumbersome, but there are ways to help mitigate the amount of taxes you may owe.
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Stock
Before investing in stocks, it is important to understand some of the basics and the risks involved in owning stocks.
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Zero-Coupon Bonds
Zero-coupon bonds represent a type of bond that does not pay interest during the life of the bond.
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Diversification
An important element to successful investing is to manage investment risk while maintaining the potential for growth.
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Bonds
A bond is simply evidence of a debt from a government entity or a corporation and represents a long-term IOU.
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Stock Indexes
Stock market indexes can be useful benchmarks for gauging the performance of an investment portfolio over time.
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Mutual Funds vs. Stocks
The difference between purchasing an individual stock versus shares in a mutual fund to potentially earn dividends.
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Mutual Funds
A mutual fund is a collection of stocks, bonds, and other securities with certain benefits and risks.
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Closed-End Funds
With closed-end funds, investors pool their money together to purchase a professionally managed portfolio of stocks and/or bonds.
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Mutual Fund Loads
It’s important to understand mutual fund loads, or sales charges, and exactly what they entail so you can make informed investing decisions.
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Annuities
An annuity is a flexible financial vehicle that can help protect against the risk of living a long time because it provides an option for a lifetime income.
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Asset Allocation
Asset allocation is a method used to help manage investment risk; it does not guarantee a profit or protect against investment loss.
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Dollar-Cost Averaging
Dollar-cost averaging involves investing a set amount of money on a regular basis, regardless of market conditions.
Cash Management
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Cash Management Basics
A sound cash management program uses a disciplined approach: accounting, analysis, allocation, and adjustment.
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Doubling Your Money
Before making investment decisions, it is helpful to determine the real rate of return on the investment.
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Money Market Funds
Money market funds can be a highly liquid and effective cash management tool.
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Biweekly Mortgages
Biweekly mortgage payments can have a dramatic effect on the amount of interest homeowners have to pay.
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Smart Financing Ideas
Here are some smart ways to refinance your home.
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College Financial Aid
It's important to understand the options, such as financial aid grant programs, when having to pay for college.
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Home Equity Loans
Shifting some debt to a home equity loan, which typically allows interest payments to be tax deductible, could have its advantages.
Risk Management
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Why Purchase Life Insurance
If you have a family who relies on your income, it is important to have life insurance protection.
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Annuities as an Insurance Product
An annuity is a contract between you and an insurance company to pay you future income in exchange for premiums you pay.
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Life Insurance for Business Owners
Company-owned life insurance is one way to help protect a business from financial problems caused by the death of a key employee.
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Split-Dollar Life Insurance
Split-dollar life insurance is an arrangement to purchase and fund life insurance between two parties.
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Last-Survivor Life Insurance
Couples who want to help protect their legacy from estate taxes could consider last-survivor life insurance.
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Insurance Claims
When it is time to make an insurance claim, it helps if you are familiar with your policies and the steps you should take to file a claim.
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Insuring Your Future
To help you choose insurance wisely, determine how much coverage and what kind of policy is best for your situation.
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Evaluating Insurance Companies
Using a financially sound insurance company is an important part of ensuring your family’s financial security.
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Medicare Coverage
Medicare is the federal health insurance program for those persons age 65 and over. But what does it cover?