Dec 9, 2024 | Spin on Spending |
Tax deferral on retirement savings eventually comes to an end. Those who are 73 and older this year must take Required Minimum Distributions (RMDs) from their qualified retirement plan accounts (IRAs, 401(k)s, SEP-IRAs, Simple IRAS, and similar retirement plans but...
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Dec 9, 2024 | Spin on Spending |
Take a good look at your surroundings and your daily routine. What’s working, and what isn’t? Here are some ideas for things you can do during January to set yourself up for success this year: Prioritize. Start each day by identifying your 3 most important tasks, and...
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Nov 12, 2024 | Spin on Spending |
“If it’s too good to be true, it probably is.” When it comes to banking “hacks” on social media, this phrase should be a guiding principle. Earlier this fall, the internet was inundated with videos claiming to help people get “free money” from their local ATM....
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Oct 30, 2024 | Spin on Spending |
Health care is an often overlooked aspect of retirement planning, yet it is one of the most financially influential. Some may assume that Medicare will cover all medical costs. The truth is, for most people, healthcare costs not covered by Medicare during retirement...
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Oct 10, 2024 | Spin on Spending |
The Retirement “Zone” If you’re considering retirement within the next five years or so, you’re in the retirement “zone.” This is a critical time period during which you’ll be faced with a number of important choices, and the...
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Oct 3, 2024 | Spin on Spending |
Fraud is an ever-evolving threat, adapting with technology and finding new ways to exploit individuals and organizations. Understanding the latest trends in fraud and knowing how to protect yourself is crucial in this digital age. Here, we explore some of the newest...
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Sep 18, 2024 | Spin on Spending |
Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right beneficiaries....
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Sep 4, 2024 | Spin on Spending |
Why did you purchase life insurance? Most people buy life insurance to provide a source of income for someone (e.g., a spouse, parent, or child) after they pass. Buying the policy was the first step. Now you’ll need to do a little more work to help the money you...
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Sep 4, 2024 | Spin on Spending |
What is Authorized Push Payment(APP) Fraud? Authorized Push Payment Fraud is a type of fraud that occurs when the victim is persuaded – usually through social engineering scams – into transferring money to fraudsters. Typically, the fraudsters will...
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Aug 30, 2024 | Spin on Spending |
Effective cash flow management – knowing how much cash is coming in and going out – is critical for the success of small businesses. With regular forecasting and tight monitoring of expenses, entrepreneurs can ensure that their business has enough cash on hand to meet...
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Aug 28, 2024 | Spin on Spending |
If your employment situation changes, you may wonder what to do with your retirement savings at your previous employer. In fact, you have a variety of options when it comes to taking distributions from your employer-sponsored retirement savings plan. This may be a...
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Aug 28, 2024 | Spin on Spending |
Your emergency fund has been established, and you’ve accumulated enough savings to warrant thinking in terms of an investment portfolio. What’s the next step? There’s the DIY approach, where you have an idea of the strategies and rules of the industry and you make...
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Aug 15, 2024 | Spin on Spending |
Working capital is the lifeblood of any business, ensuring that it can operate smoothly and meet its short-term obligations. It provides the essential funds to cover daily expenses such as payroll, inventory purchases, and utility bills, which keeps the business...
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Aug 5, 2024 | Spin on Spending |
What is authentication? Authentication is the process or action of verifying the identity of a user or process. 5 Common Authentication Types Password-based authentication. Passwords are the most common methods of authentication Multi-factor authentication...
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Jul 31, 2024 | Spin on Spending |
When it comes to “surprise” expenses, the first thought may be a car breaking down, or a sudden medical emergency. However, these aren’t the only expenses that can balloon out of control quickly. There are many unknowns in life, and not everyone ends up with the same...
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Jun 17, 2024 | Spin on Spending |
For investors, election years should be much like any other year. However, there is sometimes a temptation to try to discern how the political winds may affect investment outcomes. The temptation becomes pronounced in presidential election years, and there is a risk...
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Jun 3, 2024 | Spin on Spending |
Do you ever wonder where your money goes each month? Does it seem challenging to get ahead? If so, establishing a budget can help keep track of how you spend your money and help you reach your financial goals. Examine your financial goals Before you establish a...
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May 28, 2024 | Spin on Spending |
When housing prices are high, inventory is low and interest rates are double what they were three years ago, it’s easy to understand why would-be buyers are hesitant to get a new mortgage. The good news is that obtaining an affordable mortgage isn’t out of reach....
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May 21, 2024 | Spin on Spending |
Fraud continues to be a prominent issue impacting consumers, businesses and financial institutions. According to the Federal Trade Commission, consumers reported losing $10 billion to scams in 2023. That’s $1 billion more than 2022 and the highest ever reported in...
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May 21, 2024 | Spin on Spending |
Although most people recognize the importance of sound retirement planning, they don’t always embrace the work involved. With many investment possibilities, complex rules governing retirement plans, and the unpredictable future of consumer prices, it can be...
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