Articles
Welcome to our research center! We've put together a library of information on important financial topics that we believe you'll find helpful.
Simply click on one of the general financial topics below and you'll find a selection of easy-to-understand information sheets about related financial concepts and strategies. This information is updated regularly to reflect the latest facts, figures, legislation, and economic trends.
Estates & Trusts
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What Key Estate Planning Tools Should I Know About?
Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.
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How Can a Living Trust Help Me Control My Estate?
A living trust can help control the distribution of your estate upon death.
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What Are the Pitfalls of Probate?
The probate process can be lengthy and complex. There are strategies you can use to help avoid the probate process.
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How Can My Gift Benefit Me and the Charity?
To retain the tax advantages associated with charitable giving, your gift must be made to a qualified organization.
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How Can I Build and Preserve My Estate?
Life insurance can be used to help preserve the value of your estate for your heirs.
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How Can I Control the Distribution of My Estate?
If you haven't taken steps already, consider planning now for the distribution of the assets of your estate.
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What Gifting Strategies Are Available to Me?
Compare the advantages and disadvantages of different gifting strategies available for planned giving.
Retirement
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What Is a SIMPLE?
The SIMPLE plan may appeal to small business owners as it is easy to set up, administer, and allows for a tax deduction.
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What Is a Roth 401(k)?
A Roth 401(k) is funded with after-tax money, and allows for tax- and penalty-free withdrawal of earnings if requirements are met.
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What Is a Profit-Sharing Plan?
Profit-sharing plans give employees a share in the profits of a company and can help to fund their retirements.
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What Is a 403(b) Plan?
A 403(b) plan is a tax-deferred retirement savings plan that can only be offered by a 501(c)(3) tax-exempt entity.
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How Much Do I Need to Save?
Many realize it’s important to save for retirement, but knowing exactly how much to save is another issue altogether.
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A New Chapter for Retirement
With the changing pension landscape, it is important to take charge of your own retirement security.
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What Is a Traditional IRA?
If you do not participate in an employer-sponsored retirement plan, you might consider a traditional IRA.
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What Is a 401(k) Plan?
401(k) employer-sponsored retirement plans have many benefits, including that the funds accumulate tax-deferred.
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Save Now or Save Later?
If you start saving for retirement sooner, the more money you are likely to accumulate and possibly retire sooner.
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What Is a Roth IRA?
Qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in gross income.
Tax Planning
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What Is the Capital Gain Tax?
Capital gains are profits realized from the sale of assets; a tax is triggered only when an asset is sold, not held.
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What Is the Gift Tax?
The federal gift tax applies to gifts of property or money while the donor is living.
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What Is a Required Minimum Distribution?
Required minimum distribution is the annual amount that must be withdrawn from a qualified retirement plan/account.
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What Happens If I Withdraw Money from My Tax-Deferred Investments Before Age 59½
Tax-deferred retirement account withdrawals before age 59½ generally triggers a 10% federal income tax penalty.
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What Is Tax Deferral?
There can be a substantial benefit to deferring taxes as long as possible.
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What Tax Deductions Are Still Available to Me?
Changes to the tax code have left a few key deductions for itemizers, like medical, dental and some business expenses.
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What Is the Most Tax-Efficient Way to Take a Distribution From a Retirement Plan
Consider a trustee-to-trustee transfer to an IRA versus a lump-sum distribution from a workplace retirement plan.
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Is There Such a Thing as a Tax-Free Investment?
It's important to understand tax-exempt vehicles when establishing a comprehensive tax planning strategy.
Investing
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What Are Dividends?
It is important to understand how dividends (taxable payments to shareholders) fit with your long-term goals.
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What Is an Exchange-Traded Fund?
ETFs have unique attributes and attempt to track all types of indexes, industries, or commodities.
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How Are Growth and Value Stocks Different?
The labels growth and value reflect different approaches that can be used when making investment decisions.
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What Is Diversification?
An important element to successful investing is to manage investment risk while maintaining the potential for growth.
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What Types of Bonds Are Available?
Bonds are issued by many entities and share many characteristics, each type of bond has certain benefits and risks.
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What Is a Bond?
A bond is simply evidence of a debt from a government entity or a corporation and represents a long-term IOU.
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How Do Mutual Funds and Stocks Differ?
The difference between purchasing an individual stock versus shares in a mutual fund to potentially earn dividends.
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What Is a Mutual Fund?
A mutual fund is a collection of stocks, bonds, and other securities with certain benefits and risks.
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What Is the Difference Between a Fixed Annuity and a Variable Annuity?
Both fixed and variable annuities could be appropriate options for an individual interested in purchasing an annuity.
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What Investment Risks Should I Know About?
Understanding different types of investment risk can help investors manage their money more effectively.
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What Is Asset Allocation?
Asset allocation is a method used to help manage investment risk; it does not guarantee a profit or protect against investment loss.
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How Can I Save for My Child’s College Education?
There are several funding methods for a child's college education including mutual funds and Section 529 plans.
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What Is Dollar-Cost Averaging?
Dollar-cost averaging involves investing a set amount of money on a regular basis, regardless of market conditions.
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529 Lesson Plan: High Scores for 529 Plans
529 plans are tax-advantaged savings plans that generally allow people of any income level to contribute.
Cash Management
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How Do Money Market Mutual Funds Work?
Money market funds can be a highly liquid and effective cash management tool.
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What About Financial Aid for College?
It's important to understand the options, such as financial aid grant programs, when having to pay for college.
Risk Management
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What Is Term Life Insurance?
Term life insurance differs from permanent forms of life insurance in that it offers temporary protection.
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What Is Whole Life Insurance?
Some of the pros and cons of whole life insurance.
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What Is Universal Life Insurance?
Consider a universal life insurance policy if you want the flexibility to change your premium or death benefit.
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What Is Variable Life Insurance?
Variable life insurance gives you the control to allocate your account value among a variety of investment options.
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What Is the Difference Between an HMO and a PPO?
Selecting health insurance is often one of the most important decisions you will make. Do you know the different types?
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Am I Prepared for Long-Term Care Expenses?
The odds of needing long-term care increase as you age. Prior planning can help protect you from financial ruin.
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What Does Medicare Cover?
Medicare is the federal health insurance program for those persons age 65 and over. But what does it cover?
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How Likely Am I to Need Long-Term Care?
If you were to suffer an illness or disability that required long-term nursing care, would you be covered?