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Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to handle it wisely.

Making allowances

There are several strategies for moving money into tax-free accounts, however, that may not always be the best choice for you.  Having blended retirement accounts make sense when trying to minimize taxes and maximize sustainability.

How to Get Money Into a Tax-Free Account

There are three ways to get money into a tax-free, or ROTH IRA account.

^{Created by Gregory M. Desmond, CPA/PFS, CFP®}

There are a lot of numbers and letters thrown around at tax time.  You have probably come to know some of the most common, like W-2 and 1098.  This year, one form and its number-letter combinations – will be talked about frequently.  That is because nearly everyone will be required to have a version of Form 1095.  Here are the basics.

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Global markets are providing investors a rough ride at the moment, as the focus turns to China’s economic outlook. But while falling markets can be worrisome, maintaining a longer‑term perspective makes the volatility easier to handle.

An emergency fund is an essential element in every person’s financial health. Even seemingly wealthy people with high incomes can be living paycheck to paycheck with almost no ability to absorb unexpected expenses.

The S&P 500 Index dropped 19% in the Summer of 2011, the most recent instance of a market correction of 15% or more. You may remember it.

September is College Savings Month, and many states will be striving to educate families and future students on how to save wisely for what may be one of the biggest and most important investments in their lives. An easy and affordable way to plan ahead for the cost of college is to use 529 plans. There are, however, many misconceptions surrounding them.

The fiduciary duty requires an investment adviser by law, to act in the best interest of the client – rather than putting his or her own interests first. Sounds outrageous that there is anything but the requirement to put the client’s interests first, right?

Heading into our third year of this ‘new’ tax, more clients are beginning to understand the importance of planning to reduce the additional Medicare tax.

When talking with prospective clients about their portfolio, the answers I get to the question, “What is the goal for your portfolio?”, are often one of these four common statements: