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Why You Should Have an Online Social Security Account

 

Why You Should Have an Online Social Security Account

In monitoring your Social Security profile, you may help to thwart fraud.

 

Provided by Exemplar Financial Network

 

bigstock-Hacker-In-Work-small.jpgCould your personal information soon be stolen? The possibility cannot be dismissed. Sensitive financial and medical data pertaining to your life may not be as safe as you think, and thieves may turn to a vast resource to try and mine it – the Social Security Administration.

 

Consider three facts, which in combination seem especially troubling. One, Social Security’s databases contain sensitive personal information on hundreds of millions of Americans, both living and dead. Two, more than 34 million Americans interact with the SSA online. Three, nearly 100% of Social Security benefits are disbursed electronically.1

Protecting Your Intellectual Capital

bigstock-Notepad-with-Intellectual-capi-106965092.jpgMany people, who have achieved success and wealth through their business, have done so with their intellectual capital. What exactly is intellectual capital?

Why Having a Financial Professional Matters

 

Why Having a Financial Professional Matters

A good professional provides important guidance and insight through the years.

 

Provided by Exemplar Financial Network

 

financial advisor bigstock small.jpgWhat kind of role can a financial professional play for an investor? The answer: a very important one. While the value of such a relationship is hard to quantify, the intangible benefits may be significant and long lasting.

 

A good financial professional can help an investor interpret today’s financial climate, determine objectives, and assess progress toward those goals. Alone, an investor may be challenged to do any of this effectively. Moreover, an uncounseled investor may make self-defeating decisions.

 

Some investors never turn to a financial professional. They concede that there might be some value in maintaining such a relationship, but they ultimately decide to go it alone. That may be a mistake.

A New Day for 529 Plans

 

A New Day for 529 Plans

Federal tax reforms lead to new possibilities for these education savings accounts.

 

Provided by Exemplar Financial Network

 

bigstock-A-piggy-bank-to-act-as-a-colle-small.jpgDo you have a 529 college savings plan? Have you thought about opening a 529 plan account? If the answer to either question is “yes,” you should know about two major changes that broaden the possibilities for 529 plans. They may give your family some new options.

 

   

You may be able to pay K-12 tuition with 529 plan funds. The legislation popularly known as the Tax Cuts & Jobs Act authorized this change: under federal law, up to $10,000 of 529 plan assets can be withdrawn for this purpose annually, for each of the named beneficiaries of a 529 plan account. The funds may be used for tuition at both secular and religious schools. (While 529 plan assets can pay for a variety of “qualified” higher education expenses, tuition is considered the only “qualified” expense at the K-12 level.)1,2

 

Unfortunately, not all states are on board with this change yet. 529 plans are administered at the state level, and at present, less than half the 50 states (and the District of Columbia) treat 529 plan assets in a way that conforms to federal tax law.1

 

Some states – such as Utah – have 529 plans ready for K-12 withdrawals. In other states, such as Alabama, laws are on the books specifically barring 529 plan money from being spent on elementary education expenses. Amendments to these types of laws may be years away. Iowa, Maine, and Nebraska have issued notices telling 529 plan participants to refrain from using their accounts for K-12 expenses – for now.1,2  

Avoiding the Money Pitfalls of Past Generations

 

Avoiding the Money Pitfalls of Past Generations

Take these financial lessons to heart.

 

Provided by Exemplar Financial Network

 

bigstock--218804002.jpgYou have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that.

     

Live below your means and refrain from living on margin. How much do you save per month? Generations ago, Americans routinely saved 10% or more of what they made, either depositing those savings or investing them. This kind of thriftiness is still found elsewhere in the world. Today, the average euro area household saves more than 12% of its earnings, and the current personal savings rate in Mexico is 20.6%.1

Tips for Starting a Business

 

Tips for Starting a Business

Read this before your new venture starts up.

 

Provided by Exemplar Financial Network

 

bigstock-Start-line-on-the-highway-conc-180761905.jpgAiming to start a business? What steps could you take that might promote success and longevity for your company? Here are several.

 

Write a business plan. You will have a tough time attracting an investor without one. Potential hires may want to see your business plan as well. Your plan should establish milestones for your company and include metrics by which you can judge your success. It should detail your revenue model, incorporate an analysis of your competition and the changes that may affect your industry, and contain a marketing strategy.

Your 2018 Financial To-Do List

Your 2018 Financial To-Do List

Things you can do for your future as the year unfolds.

 

Provided by Exemplar Financial Network

  

bigstock-Christmas-Concept--Red-small.jpgWhat financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. Here are a few that might prove convenient:

Year-End Charitable Gifting

Year-End Charitable Gifting

 

What should you keep in mind as you donate?

 

Provided by Exemplar Financial Network

 

bigstock-I-Love-Giving-Charity-Helping--small.jpgAre you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to the charity and to you.

Can We Afford to Live to 100?

Can We Afford to Live to 100?

 

Our increased longevity poses a retirement planning challenge.

 

Provided by Exemplar Financial Network

 

bigstock-birthday-cake-with-lit-candles-53339983.jpgSome of us may retire at 65 and live to 100 or 105. Advances in health care may make this a strong possibility. The corresponding question is: will we outlive our money?

Refrain from Tapping Your Retirement Funds

 

Refrain from Tapping Your Retirement Funds

Resist the temptation. Your future self will thank you.

 

Provided by Exemplar Financial Network

 

bigstock-Retirement-Fund-5464669.jpgRetirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the progress of retirement planning, even if the money is later restored. 

Meet your team

Have you met your team?

We have a wealth of experience in the financial services industry.

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