There are a number of questions that arise when thinking about what kids’ savings for their future is best. And the answer is that all of them have strengths and weaknesses, depending on the use case. As I focus in this article on why the Coverdell ESA is potentially a strong vehicle, I want to frame this conversation in the …
5 Costly Investment Mistakes
With how chaotic the world is right now, it is easy to lose sight of how your investment are – or aren’t – being managed. Here is a list of 5 of the most costly errors I see investors making.
Working From Home Lifestyle Tips
I like to joke that Briggs Financial has been preparing for coronavirus since we first began doing business in January 2018. That’s because from the beginning, my firm’s office has been in my home – I’ve been working from home for over two years now, and enjoy the lifestyle tremendously. However, for many people including yourself, this will be your …
Six Quick Facts About the SECURE Act and Your Retirement Savings
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was recently passed by Congress as part of the year-end budget resolution. It has some important implications that merit substantial discussion, which I will cover in future podcasts and articles. This list is not a complete list of all the provisions, but does touch on the most common ones I …
New Year’s Resolution: $20 A Week For Your Future
Every year, tens of millions of Americans start the new year by committing to saving more money for their future. And like most New Year’s resolutions, within the first couple of months, that resolution goes from deep conviction to the credit card bill coming to an emergency cropping up . . . and then it is all but entirely forgotten …
The Ins and Outs of Health Savings Accounts
Our health and the cost of healthcare are some of the greatest risks to building and maintaining wealth in this generation. Medical debt accounts for more bankruptcies than any other financial event. Moreover, according to recent data from the Social Security Administration, a married couple has a greater than 50% chance of at least one partner living until age 90. …
Does New Device Mean New Vice?
New device cycles, such as the latest iPhone and Apple Watch coming out, may prompt you to make a potential spending choice that you otherwise may not have thought about. Apple announced all the new features, how much faster it is and how the cameras have improved, and in this year’s case, the free Apple TV for a year you …
Ten Things You Should Look For In Your Employee Benefits
It’s that time of year again where your employer will likely be approaching you with a big envelope. In that envelope is a bunch of paperwork, including lots of things that don’t make sense or seem to apply to you. You know that in the packet is information you need to fill out and return about your health insurance, maybe …
6 Things You Must Address When Hiring a Friend or Family Member
We love doing business with people we trust, and our family and friends are the people we tend to trust the most. When it comes to doing business, particularly if it is work that is sensitive and requires a high degree of trust, it makes sense that we would gravitate toward a family member, a personal friend, or a referral …
10 Easy Budget-Friendly Home Improvements
Springtime is a wonderful season where millions of Americans spend money to make their home a better place to be. Whether that’s cleaning things up in anticipation of selling it, or just making home more enjoyable, rent or own, home improvement spending may exceed $400 billion this year. Making home improvements without breaking the bank is an art form. Here’s …
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