New IRS Withholding Tool

Chris McKern By | On September 23, 2019

As a taxpayer, were you disappointed by your 2018 tax return? Perhaps you found out that you owed taxes because your paycheck withholdings were insufficient. Or maybe your refund was smaller than you anticipated. Due to changes in tax withholding rates and limited deductions, the Tax Cuts and Jobs Act of 2017 created surprises like […]

Earn Extra Credit (on Your Taxes)

Chris McKern By | On March 13, 2019

When it comes to saving for retirement, it makes sense to capitalize on every available advantage, incentive, and opportunity that will get you closer to realizing your savings goals. Did you know that the IRS offers a tax incentive called the Saver’s Credit? It rewards workers who contribute to workplace retirement plans—including 401(k)s, 403(b)s, and […]

Fact vs. Fiction

Chris McKern By | On June 1, 2017

We understand that it can be tricky navigating the world of personal finance. Everyone seems to have an opinion, and it can be hard to know what to believe. This series was created by our broker/dealer, Commonwealth, as a way to present and debunk some of the most common financial myths. Fiction: If I inherit […]

Year-End Financial Planning Checklist

Chris McKern By | On December 1, 2016

As 2016 draws to a close, it’s time to begin organizing your finances for the New Year. To help you get started, we’ve put together a list of key planning topics to consider. Savings and investments Revisit your retirement contributions. Review how much you’re contributing to your workplace retirement account. If you’re not taking full […]

Caring for Your Aging Parents

Chris McKern By | On September 14, 2016

With 10,000 baby boomers turning 65 every day in the United States, the need to plan for the long-term needs of the aging population has never been greater. Increasingly, middle-aged adults find themselves caring for elderly parents as well as children—and sometimes grandchildren—of their own. Without the proper strategy, this caretaking burden can lead to […]

Wedding Finances: A Survival Guide

Chris McKern By | On July 28, 2016

Whether you are the blushing bride, groom to be, parents of the happy couple or just attending a friend or family members wedding, I have found an article that could save you money.  In the following article, there are several tips on keeping expenses lower for those planning, as well as those attending, a wedding this […]

Calling All Snowbirds: Considerations for Buying a Second Home

Chris McKern By | On December 31, 2015

Spending the cold winter months someplace warm is a goal for many Americans—especially during their retirement years, once they’re no longer tied to the office and have more free time for leisure-based pursuits. According to an article, “Hot—and not—destinations for relocating retirees,” roughly 6 percent of retirees in the U.S. now split their time […]

FAFSA Changes Coming Next October

Chris McKern By | On October 29, 2015

An executive order signed in September by President Obama changed the rules for the Free Application for Federal Student Aid (FAFSA) beginning with the 2017-2018 school year. Families will have access to the forms earlier in the school year and will need to look back an additional year for income figures to report on the […]

Back-To-School Budgeting

Chris McKern By | On September 24, 2015

When handling financial matters with a college student, parents often struggle to find the right balance between hovering over the child’s every decision and granting too much financial freedom, too soon.  Here, we’ll explore some common expenses that college students and their parents should factor into the back-to-school budget, as well as simple ways to […]

Emergency Funds: Preparing For The Unexpected

Chris McKern By | On July 17, 2015

You’ve probably heard how important it is to establish and maintain an emergency fund. Unfortunately, most people don’t fully realize this until a money emergency is upon them. Are you financially prepared for a leaky roof? How about a broken-down car? If you lost your job, how long would you be able to support yourself […]