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Getting Your Financial House in Order

For those of you that like to keep physical records, spring/summer season tends to mean house and yard cleaning time. This would also be a good time to get your financial house in order as well. There is typically some sense of hesitation in the minds of most people regarding what financial documents they can…Continue Reading

The DOL (Department of Labor) Fiduciary Rule and How it Impacts D3 Clients

Overview Last Friday, June 9th, was the effective date of the Department of Labor Fiduciary rule. This is a landmark rule that will potentially change the way financial services are provided.  It will essentially elevate all financial professionals who work with retirement plans or provide retirement planning advice to the level of a fiduciary, requiring these…Continue Reading

Should You Pay Off Your Mortgage or Invest?

Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college…Continue Reading

The ABCs of HSAs

What Makes an HSA so Great? The Health Savings Account or “HSA” is an account intended to fund medical expenses, which provides you with the “best of all worlds” from a tax standpoint.  Similar to a Traditional IRA, you are able to make tax-deductible contributions into the account.  Similar to a Roth IRA, the growth…Continue Reading

Pros & Cons of Private Prepaid 529 Plans

Private College 529 plans, formerly called Independent 529 plans, have unique features that distinguish them from regular 529 plans.  These key differences should be carefully considered before deciding if a Private College 529 plan is the right savings vehicle for your financial goals. The Basics To participate in a Private College 529 plan, you buy…Continue Reading

Traditional vs. Roth IRA

There are two types of Individual Retirement Arrangements (IRAs): Traditional IRAs and a Roth IRAs.  Several similarities and differences are listed below based on current law. Traditional IRA Traditional IRAs are retirement vehicles that provide tax-deferred growth.  Individuals under the age of 50 may contribute the lesser of earned income or $5,500 in 2017.  Individuals…Continue Reading

Essential Facts about the American Health Care Act

On March 6, House Republicans released their proposed health-care plan, The American Health Care Act (AHCA), as a replacement for the Affordable Care Act (ACA). The bill repeals the health insurance mandate for both individuals and large employers; caps Medicaid funding to states beginning in 2020; eliminates several ACA taxes including those applicable to high…Continue Reading