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Understanding Social Security Benefits for Children
Understanding Social Security Benefits for Children
There are millions of children in the United States receiving Social Security benefits. In 2017, a whopping 4.2 million1 children were receiving benefits. The total for these benefits? Over $2.6 billion each month. As large as those numbers sound, there are actually many more children that are eligible for these benefits but are not actually receiv
Why Your Kid Could Use a Roth IRA
Why Your Kid Could Use a Roth IRA
If you didn’t already know, anyone with earned income can have a Roth IRA….including children! That’s right, there is no minimum age in the tax code to be qualified for a Roth IRA. All that is required is reportable earned income, and the contributions to the Roth cannot exceed that income. Let’s be realistic though – not many children are going to
Financial Planning for Aging in Place: It Costs More Than You Think
Financial Planning for Aging in Place: It Costs More Than You Think
It’s probably no surprise to hear that most senior citizens in America would prefer to live out their days at home. According to an AARP Research Center study1, 87 percent of adults 65 or older want to stay in their current home as they age. Unfortunately, many times circumstances don’t align so that aging in place is a feasible, or affordable, opt
Joseph Walsh, Jr. Recognized as One of LPL Financial's Top Financial Advisors
Joseph Walsh, Jr. Recognized as One of LPL Financial's Top Financial Advisors
[SARASOTA, FL/ DEKALB, IL] — [February 14, 2018] — Joseph Walsh, Jr., an independent LPL Financial advisor at Walsh & Associates in Sarasota, FL and DeKalb, IL today announced his inclusion in LPL’s Executive Council. This premier award is presented to less than 1% of the firm’s approximately 15,000 advisors nationwide. “On behalf of LPL, I con
Why Women Need to Save More Than Men
Why Women Need to Save More Than Men
Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer.1 Therefore, women must focus on the concerns that are unique to them when planning for retirement. Women Don't Invest Differently ... Unfortunately, some negative stereoty
Choosing Between a 529 Plan and UTMA: Your Quick Guide
Choosing Between a 529 Plan and UTMA: Your Quick Guide
According to the College Board1, the average cost of college for 2017 was $34,740 at private colleges, $9,970 for in-state residents at a public college, and $25,620 for out-of-state residents at a public college. No matter how you look at it – it’s not cheap. A possible solution? A designated education savings account could be the way to go. But w
5 Types of Investment Fraud You Must Know
5 Types of Investment Fraud You Must Know
A critical skill for any investor is the ability to spot a financial scam when presented with one. Unfortunately, all too many investors are fooled every day – don’t let yourself become a victim! While investment fraud can come in all shapes and sizes, there are five notable “red flags” you should always watch out for when looking at an investment.
5 Commonly Heard Myths about Social Security
5 Commonly Heard Myths about Social Security
Upon retirement, many of us expect to receive our Social Security benefits – a much needed supplement to our income in retirement. And due to this expectation, it’s no surprise we become uneasy when we hear worrisome remarks on the fate of Social Security. Here are five common myths we hear about Social Security, and the actual facts behind each on