Money Management Articles

Wills & Estate Planning

What goals can you accomplish with a trust? - 10/15/2015
Should a trust be part of your estate planning? Trusts are typically associated with the very rich, but a surprising number of people use them to solve a variety of problems or achieve a range of different objectives.

Protect your loved ones by learning life insurance basics - 9/30/2015
When you think about life insurance, you may dismiss it as something only older people need. At its very basic, a life insurance policy is taken out on someone's life that pays out when the insured dies, helping to financially protect dependents and loved ones.

Annuities -- basics, pros and cons - 9/14/2015
Many things in life are uncertain and retirement is no exception. The recent stock market plunge is proof enough. With longer life spans and unpredictable economic factors, investors are looking for ways to stretch their retirement dollars. Annuities are one way to help provide you with a steady stream of income during your retirement years.

Three things to know about reverse mortgages - 8/4/2015
One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. A reverse mortgage allows you to convert part of the equity in your home into cash without paying additional monthly bills. If you're 62 or older -- and want money to pay off your mortgage, or pay for other expenses -- you may consider a reverse mortgage.

Get out of debt (and stay out) - 6/11/2015
On average, American households have about $15,000 of credit card debt, according to NerdWallet. If you're struggling to pay off your outstanding balances, or if you're tired of high interest costs, the Minnesota Society of CPAs (MNCPA) explains the best ways to get out from under those bills.

Don't let unexpected costs ruin your retirement! - 4/30/2015
How much do you need to save for retirement? Determining how much you'll spend on housing, food and other fixed expenses may seem relatively easy, but how about the costs that come out of the blue?

Tips for couples on managing Social Security benefits - 4/30/2015
About 59 million people receive Social Security benefits, according to the Social Security Administration. Were you aware that there are many options for married couples on deciding how and when to take their payments?

Resolving financial concerns for stepfamilies - 4/15/2015
Roughly 1,300 new stepfamilies are created every day, according to the Stepfamily Foundation.  And, 41 percent of all Americans have at least one step relative, based on Pew Research Center findings.

Tax planning update for same-sex couples - 1/28/2015
Since 2013, federal tax laws for married couples have applied to same-sex couples who are married in jurisdictions where same-sex marriage is legal, like Minnesota, even if the couple lives in a jurisdiction that doesn't recognize same-sex marriage. The Minnesota Society of CPAs (MNCPA) addresses some of the tax planning issues facing the growing list of couples affected by these legal changes and offers timely advice.

Year-end tax planning for 2014 - 9/3/2014
Where has the time gone? We are approaching the final months of 2014, but, before you start thinking about holiday shopping, consider year-end tax planning and preparation. With proper tax planning, you can maximize your potential tax savings and minimize your tax liability.


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