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When Life Events Affect Your Benefits

By Bennett C. Whitlock III, CRPC® Getting married or divorced, having or adopting a baby and retiring are significant milestones in life. These “qualified life events,” as they are commonly referred to in the insurance industry, may permit you to make adjustments to the benefits you receive through your employer or other provider. If you’ve experienced a life event this …

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Five Ways the New Tax Law May Impact You

By Bennett C. Whitlock III, CRPC® The most sweeping tax reform legislation in decades was enacted into law at the end of 2017. If you pay federal income taxes, you are likely to see an impact this year. As you plan your 2018 tax strategy, here are five key changes to know about the tax reform law: Tax rates and brackets …

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Is the Snowbird or Sunbird Life for You?

By Bennett Whitlock, CRPC®, Private Wealth Advisor Snowbirds are residents of Northern states who flock to the south to escape harsh winters, while sunbirds travel north in droves to get away from summer heat and humidity. If you’re tempted to take flight during the off-season, think through the costs and logistics first. Keep tabs on your home. You’re right to be concerned about leaving your home vacant for weeks or months at a time. An unoccupied home may …

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What Will You Do with Your Tax Refund?

Provided by Bennett C. Whitlock III, CRPC® The average refund for individual income taxpayers who received one for the fiscal year ending in September 2016 topped $3,000, according to the IRS.1 If you expect to receive a refund on your 2017 tax return, will you save or spend it? While you may be tempted to indulge, consider using the money to …

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Does Your Portfolio Have Room for Both Active and Passive Investing?

Provided by Bennett C. Whitlock III, CRPC® Investors today live in an era offering unprecedented global investment choices, in both active and passive vehicles. Investments in each category have opportunities and challenges for investors to consider when crafting an optimal financial strategy. With so many choices at your fingertips, how can you best capitalize on what the markets have to offer? …

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Four Financial Questions to Ask Your Parents

Provided by Bennett C. Whitlock III, CRPC® If you haven’t discussed your parents’ long-term financial goals with them, you aren’t alone. Over one-third of adult children say they haven’t had this conversation, according to recent research by Ameriprise Financial.1 While talking about this sensitive topic may seem uncomfortable, addressing it sooner rather than later can help eliminate challenges and uncertainty down …

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Don’t Wait to Start on a College Savings Plan

By Bennett Whitlock, CRPC® Private Wealth Advisor Besides planning for retirement and purchasing a home, there may be no more important financial goal that requires preparation than funding your children’s higher education. While saving for college may seem daunting, planning early and saving thoughtfully can make the goal more attainable for many parents. Here are four steps that can help along the way. 1. …

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Capitalizing on a Growing Global Economy

Provided by Bennett C. Whitlock III, CRPC®  One of the notable trends in 2017 is that for the first time since the Great Recession, virtually all economies around the world have enjoyed synchronized global growth. This is one of several reasons why investors have increasingly turned to international stocks and bonds to diversify their portfolio over the long term. If you …

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Five Ways to Teach Your Children to Give Back This Holiday Season

Provided by Bennett C. Whitlock III CRPC® The holidays can be a wonderful time for families and friends to gather together, sharing memories and gifts. This season can also provide the opportunity to instill the value of giving to others in your child. If you’re a parent, here are some ways you can encourage your kids to become budding philanthropists.  Talk …

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Five Financial Steps to Take Before the New Year

Provided by Bennett C. Whitlock III, CRPC® December is a great time to review your finances and get ready for a fresh start in the new year. Here are five key financial moves that are worth reviewing before year end: Review your goals and financial progress If you’ve laid out a plan to achieve your key goals such as retirement or …

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