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How to Roll 401(k)s from Former Employers

Maximizing Your Retirement Strategy for GenX and More In the era of mixtapes and MTV, you mastered the art of the rewind button while wearing neon-colored clothing and jelly shoes. Of course, you rocked a scrunchie and knew your way around a can of Aquanet. Fast forward and here you are enjoying the bold strokes …

Life Insurance vs. Roth IRA for Retirement

Mark Fitzpatrick of MoneyGeek.com recently asked about insurance vs. Roth IRA for retirement. Here’s what I shared with Mark: Our research indicates some consumers are considering whether to fund a Roth IRA or permanent life insurance to plan for retirement. Why might they be making this comparison? The Roth is a retirement account specifically designed for retirement …

Financial Basics for Young Adults: Infographic

Are there young adults in your world who are interested in learning about the basics of financial planning? Share this infographic with them. Download here For more information contact mdemers@demersfinancial.com

What are Capital Losses?

You’ve heard the term “capital losses”, but what are they and how do they impact your finances? Our infographic explains the basics. Have more questions? Contact mdemers@demersfinancial.com

What Are Capital Gains?

Capital gain is the profit you make when you sell an asset. Imagine you decide to invest in the stock market. You buy some shares of a company, let’s call it ABC Inc., at $50 each. Fast forward a year. The value of those shares has gone up to $70 each! If you decide to …

Traditional IRAs, Roth IRAs and 401 (k)s, Oh My!

Embarking on your financial planning journey can seem overwhelming – at first. A common question that is asked is about the process of converting a traditional IRA to a Roth IRA, and any potential tax liabilities involved. There are additional considerations if 401 (k)s are one of your portfolio’s moving parts. A multi-year strategy may …

Financial Literacy for Young Adults

Regarding taxes, here are three things you should know: I told you that the Federal withholding tables are broken. You probably shrugged and figured it was some sort of political commentary or something: surely the government couldn’t do something so basic so very wrong? But the Federal withholding tables only really work  if you’re a one-job …

Possibilities in a Pie Plate – or Crèche

Who Gets Grandma’s Yellow Pie Plate? A Guide to Passing on Personal Possessions has terrific worksheets that help families navigate the challenges involved in determining who gets the “stuff”—not the cars, houses, bank, and retirement accounts but the personal possessions that are imbued with sentimental value. Their fate can tear families apart. Available from University …

Recognize Your Freedom to Choose

“When we are no longer able to change a situation, we are challenged to change ourselves.” – Viktor Frankl We may not always be able to control the circumstances of a given situation we find ourselves in. But we always have the freedom to choose how we respond. The choice we make – and how …

Tax Inflation Reduction Act 2022: Tax Credits & Student Loan Forgiveness

The Inflation Reduction Act and other items passed by Congress may affect decisions you make in 2023 and beyond. Some of these were immediately in place as of August 16th, 2022. While student loan forgiveness has dominated headlines, there are other important changes to be aware of as well as you make financial decisions. ALTERNATIVE …