Acting based on fear can negatively affect long-term investment performance, write Jeff Witz, CFP, and David Zemon.
"The primary advantage of using an ABLE account is that the savings largely do not affect an individual’s eligibility for Supplemental Security Income (SSI), Medicaid, and the Supplemental Nutrition Assistance Program (SNAP)," write Jeff Witz, CFP, and David Zemon.
An emergency fund is an important part of any financial plan and can be the difference between comfortably surviving an unexpected event and financial distress.
Here is a brief overview of the Tax Cuts and Jobs Act passed by Congress.
Forming a student loan repayment strategy is not a one-size-fits-all process. What works well for a friend or colleague may not be an effective strategy for you.
"The potential GOP tax bill makes it difficult to know exactly how the landscape will look in 2018... nevertheless, there are some items you can take care of before the end of the year that can impact your 2017 taxes and overall financial plan," write Jeff Witz, CFP, and David Zemon.
There are several options for saving for retirement, but first develop a good understanding of how these retirement accounts work to get the most out of your savings.
The chances of needing long-term disability insurance are higher than you might think and can be worth the expense