Monetary policy is normalizing due to economic improvement. On March 15, the Federal Reserve raised the benchmark interest rate by a quarter-point to a range of 0.75-1.00%. The increase was widely expected, and it represented a vote of confidence in the economy.
[+] Full Article What Could You Do With Your Tax Refund? - 03/01/17
Instead of just spending the money, you could plan to pay yourself. About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.
[+] Full Article
Resources for Smart Financial Planning
GCSB Investment Center provides helpful information and tools to help determine an investment strategy that's right for you and your needs. Feel free to utilize these documents and contact us with any questions.
This planning tool courtesy of Nationwide walks you through the information gathering and planning process to determine how you will approach finances in retirement, including guidance on how to maximize your Social Security benefits.
Do you know where your money goes? Are you prepared for emergencies? Use this personal budget planning tool to find out how you can plan for retirement and other financial goals.
Ever wished that all of the important financial, tax and retirement guidelines were in one handy document? Your wish has come true. Bookmark this link as a handy reference.
529 College Savings Plan Resources
- 529 Plans: Major Opportunity for Saving, Minor Financial Aid Impact - This informational brochure, courtesy of Voya, walks you through the options for financing your loved one's college education. It also addresses any impact the 529 savings plan may have to financial aid applications for the student.
- Maximizing the Value of 529 Plans - This information, courtesy of Voya, discusses the ways that gifting to 529 College Savings Plans can aid in reducing the size of your estate and how to maximize the value of the 529 Plans.