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Thursday, April 25, 2024

As the economic landscape continues to shift and evolve, one specter looms ominously over the horizon: inflation. For pre-retirees, individuals who are on the cusp of transitioning into their golden years.

Thursday, April 25, 2024

Since 1954, the Federal Open Market Committee (FOMC) has gradually increased rates to curb inflation thirteen times before considering reversing the hikes and bringing the interest rates back down. It is just something that happens.

Thursday, April 25, 2024

The terms "rich" and "wealthy" are often used interchangeably. But are they really the same? As the saying goes, "Money talks, but wealth whispers." Here are some of the differences between being rich and being wealthy in terms of money.

Thursday, April 25, 2024

Spring is a time of renewal and rejuvenation, as the world awakens from its winter slumber and new life begins to bloom. As the saying goes, "April showers bring May flowers", and this sentiment can also apply to your financial life.

Thursday, April 25, 2024

Insurance provides some financial support for your family, which might cover estate taxes, debts, and other expenses. Including insurance in your estate plans gives you a bit of confidence that your family has a plan of support.

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Tuesday, March 12, 2024

This Women's History Month, we'd like to highlight Vanessa Pettway of Go Manifest, LLC. Vanessa Pettway, the CEO and Founder of Go Manifest, LLC, is making waves in the career and executive coaching industry. With a mission to teach...

Thursday, March 7, 2024

Learning financial literacy, such as money management, budgeting, and investing, can seem daunting, but is no different than learning how to speak another language. Being financially literate allows you to have a better, more...

Monday, February 26, 2024

We had the esteemed privilege of connecting with one of our clients, Bridget Brown, to get her insight on what it means to be part of the next generation of business leaders in our culture's rich history. See below for her take....

Monday, February 12, 2024

We had the esteemed privilege of connecting with one of our clients, Jeremy Norman, to get his insight on what it means to be a Black entrepreneur in today's economic landscape. See below for his take. How did your business come to be?...

Thursday, February 1, 2024

In the ever-evolving world of finance, staying abreast of economic indicators is crucial for investors looking to make informed decisions. One such key indicator is inflation, which recently made headlines with the release of data in...

Thursday, February 1, 2024

Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to...

Thursday, February 1, 2024

Today, many people are concerned about saving for retirement or paying for a large ticket item, such as a child’s college education. If you belong to this group, now may be the time to organize your finances. It is never too...

Thursday, February 1, 2024

As the world evolves, so too do the challenges faced by the younger generations entering the workforce. Over the last year, nearly four in 10 Gen Z individuals have found themselves grappling with financial setbacks, according to...

Thursday, February 1, 2024

Many people may find the notion of creating and adhering to a financial plan about as appealing as doing housework. As everyone knows, putting off chores can lead to further procrastination. And, the longer you let things go, the more...

Thursday, February 1, 2024

Every February, we celebrate Black History Month by reflecting and honoring the contributions and achievements that African Americans have made throughout history, while also recognizing that the fight for racial justice is still...

Monday, January 22, 2024

Financial wellness studies over the past few years indicate that investors desire financial wellness. The recent pandemic, economic and inflationary conditions, changes in work-life balance, and more responsibility for financial...

Monday, January 22, 2024

Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth...

Friday, December 1, 2023

The financial literacy gap—or the gaps in financial knowledge among various sectors of the public—may have racial, gender, and socioeconomic components. Those whose parents or mentors are experienced investors who may...

Friday, December 1, 2023

It is a dream of many people to be able to own and run their own business. You have the potential to make a living and support your family, and being an entrepreneur provides a certain amount of flexibility that an employee of a...

Friday, November 24, 2023

Communicating openly can help everyone prepare and plan for the future. Many parents may find it uncomfortable, or even believe it is unnecessary, to inform their children about personal finance matters. Yet, communicating openly with...

Thursday, November 16, 2023

What is it? According to the IRS, you are self-employed if you carry on a trade or business as a sole proprietor, as an independent contractor, as a member of a partnership, or if you are otherwise in business for yourself. You can be...

Monday, November 6, 2023

Organization, efficiency and discipline can be considered as three primary steps of financial planning. Organization is knowing where your money comes and goes. An efficient portfolio means working towards a better chance of profits,...

Thursday, November 2, 2023

Massive computer hacks and data breaches are now common occurrences — an unfortunate consequence of living in a digital world. Once identity thieves have your information, they can use it to gain access to your bank and...

Thursday, October 26, 2023

You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...

Wednesday, October 18, 2023

Trends in debt, interest rates and consumer spending can impact sectors As Americans grapple with the challenges of dwindling purchasing power, credit cards have become a popular way to bridge the financial gap. However, this has led...

Thursday, October 12, 2023

If your medical records are scattered across a mishmash of different providers, cities, or even states, you may have trouble creating a comprehensive medical history when you need one. What steps can you take now to organize your...

Thursday, October 5, 2023

As a business owner, you know the importance of planning for your company’s future. To this end, you may have taken steps to learn about buy–sell agreements and the role that life insurance and disability income insurance...

Thursday, September 28, 2023

Have you ever made a purchase that has thrown your monthly budget off-kilter? Or maybe you’ve put financial restrictions on yourself that push you away from spending on things that bring you joy. The phrase “treat...

Thursday, September 21, 2023

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. When you hit a certain age of your life, you...

Thursday, September 14, 2023

As you near age 65, you may start to think about Medicare. How do you sort through your coverage options? When (and how) do you enroll? And what if you have other health insurance? Here is some information to help you when it's time to...

Thursday, September 7, 2023

Thank goodness National Life Insurance Awareness Month is here Some insurance sales folks peddle a concept called Be Your Own Banker (BYOB). Don’t fall for it. This idea has floated around the Internet and late-night television...

Thursday, August 31, 2023

How can cash value life insurance be used to fund your child's college education? The purpose of life insurance is to provide a sum of money (the death benefit) at the death of the insured. When you use life insurance as part of your...

Monday, August 21, 2023

Independent and Thriving: What to Consider In Your Later Years While you never know your needs as you age, the first step is thinking about your financial situation and health today so you can plan for your later years. With a one in...

Monday, August 14, 2023

You can use a variety of strategies to pay off debt, many of which can cut not only the amount of time it will take to pay off the debt but also the total interest paid. But like many people, you may be torn between paying off debt and...

Wednesday, August 9, 2023

Investing for your retirement isn't about getting rich quick. More often, it's about having a game plan that you can live with over a long time. You wouldn't expect to be able to play the piano without learning the basics and...

Wednesday, August 2, 2023

August is Black Business Month, which can be the perfect opportunity for your small business to show support for Black-owned companies in your community. While significant strides have been made in support of Black-owned businesses in...

Monday, July 24, 2023

The amount of individual disability income insurance you should buy depends on three things: how much income you'll need if you become disabled, how much money you can afford to spend on premiums, and how much insurance you'll be able...

Tuesday, July 18, 2023

Money can be a touchy subject to talk about with coworkers, but it can also be a way to connect with them and understand your company better. There are many reasons you might want to discuss salary with your coworkers, and it...

Monday, July 10, 2023

If you sometimes feel like your financial life has too many moving parts, you may be looking for ways to get back to the basics—without letting anything slip through the cracks. Fortunately, simplifying your finances does not...

Tuesday, July 4, 2023

Adults caring for aging parents and children simultaneously have now become known as the "sandwich generation."  While each generation comes with its own array of financial challenges, the sandwich generation often feels...

Friday, June 30, 2023

The golden rule of financial planning: if you can plan it, you can pursue itOver the past July 4th, we celebrated our country’s history of declaring independence and guaranteeing basic human freedoms. But true freedom includes...

Monday, June 26, 2023

It’s Risky BusinessSince you never know when a disaster may strike causing severe damage and disruption to your business operations, it is important to expect the unexpected and manage your risks accordingly. For that reason,...

Wednesday, June 21, 2023

As a group, physicians are among the highest-earning professionals out there—and this specialized and life-saving career comes with some specific financial needs. Because of this, physicians should seek out a financial...

Wednesday, June 14, 2023

In tax lingo, your principal residence is the place where you legally reside. It's typically the place where you spend most of your time, but several other factors are also relevant in determining your principal residence. Many of the...

Wednesday, June 7, 2023

In 2021, 44.7 million Americans are facing the burden of student loan debt. They owe more than $1.53 trillion in student loans. These alarming statistics prove the importance of saving for higher education. In the past, many...

Wednesday, May 31, 2023

Work is stressful at times, and anxiety and stress among your employees may lead to performance issues and an overall lower productivity rate. By promoting wellness in the workplace, you may reduce employee burnout and make the work...

Monday, May 29, 2023

Social isolation makes people more susceptible to illness and death.1 While retirement is a time for relaxation and enjoyment from a lifetime of work, it may lead to a lack of purpose if you have depended on work for...

Friday, May 26, 2023

What families need to consider: According to the College Board, the most recently published figures of the average annual cost of tuition and fees at a public university for the 2021-2022 school year was $10,740 for in-state students...

Wednesday, May 24, 2023

Once you are in your 60s, you are likely to focus less on growing your retirement funds than answering, "When do I retire?" And once you crack open your nest egg, how should you allocate its contents? The answer often lies in a...

Wednesday, May 17, 2023

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire.It sounds a little crazy, doesn't it? But that's what...

Friday, May 12, 2023

What is it?There are a number of family trusts that estate planners generally no longer use, either because they have lost certain tax benefits or because they are simply no longer a favored method of gifting. These trusts include the...

Wednesday, May 10, 2023

Historically, working mothers have had even higher ambitions in the workforce than working women in general.1 This ambition may drive them to excel in budgeting and financial matters that can help them manage their family's finances....

Thursday, May 4, 2023

Being a nurse comes with a lot of responsibility alongside a sense of pride in knowing that you are helping others. But while the road to becoming a nurse already involves a fair bit of course work, there unfortunately isn’t much...

Wednesday, May 3, 2023

The thought of retiring may be intimidating for anyone—but if you own your own business, handing your "baby" to new owners might be enough to stop you in your tracks. What might you do to set your successor up for success? What...

Friday, April 28, 2023

For small business owners, ensuring your investment is covered is critical to ensuring the survival of your business after you are gone. One of the ways in which small business owners do this is by applying for life insurance in the...

Wednesday, April 26, 2023

Financial literacy is crucial, not only for adults but for everyone in the family. When you have a good foundation of financial literacy, you will have a greater understanding of money and prepare yourself for a brighter financial...

Wednesday, April 19, 2023

Black-owned businesses and entrepreneurship have come a long way in the past few decades. This has exposed the barriers that have stifled black-owned businesses and brought new opportunities to light. The racial inequality that has...

Wednesday, April 12, 2023

No matter the time of day, someone somewhere is likely sitting down for a cup of tea, whether it’s hot, iced, spiced, or served with accompaniments like sugar, cream, or honey. Originating in China more than 5,000 years ago, tea...

Tuesday, April 4, 2023

Starting a company from scratch can be stressful, no matter how well-prepared you are. Many entrepreneurs can be vulnerable to burnout, which can quickly turn a dream business into a nightmare. What can business owners do to reduce...

Tuesday, March 28, 2023

Recruiting and retaining employees who are both qualified and motivated is an ongoing challenge for most businesses. One way to build staff loyalty and increase productivity is to put policies in place to help your employees balance...

Tuesday, March 14, 2023

What does an entrepreneur need to create a dynamic company? The right mindset is a big part of it.As an entrepreneur, you devote half your time or more to the daily hustle, making things happen and accomplishing goals. The other half...

Tuesday, March 7, 2023

As a physician, you understand your medical specialty inside and out, but at the same time, you also need to be able to handle the financial challenges associated with your industry. That may include juggling a lot of student and...

Monday, March 6, 2023

Working in medicine may be challenging, especially with the strain placed on health care professionals in recent years. Working towards a comfortable early retirement may be a financial goal for some physicians. Here are some...

Wednesday, February 22, 2023

Do you know why we celebrate for the entire month of February?Every February, we celebrate Black History Month by reflecting and honoring the contributions and achievements that African Americans have made throughout history, while...