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All online, all the time? Technology brings new benefits to hiring a property ma

Once upon a time, investing in the stock market involved ticker tape and a lot of phone calls. Today, most investors reach no further than their pocket for up-to-the-minute market updates, portfolio valuations, trading capabilities, and analytics. The property management industry is only now beginning to complete a similar transition, and many real estate investors are likely still unaware of the new online possibilities available to them.Imagine logging into your own safe and secure property ma
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How Much Do You Know About Credit?

In 2020, the average FICO score in the U.S. rose to 711, an eight-point increase from 2019.1 When it comes to having healthy credit, your score is the result of many factors. But what specifically goes into someone's credit report, and what steps can you take to improve your credit?1 Test your credit knowledge with our quiz below.Question 1: If you have three credit cards with a total credit limit of $50,000, what's the maximum balance you can carry before it begins to negatively impact
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How Financial Asset Management May Help Investors Stay the Course

Most people who decide to purchase stocks, bonds, mutual funds, or other investment vehicles do so understanding that there are risks associated with investing, but believing that the potential growth they may realize over time outweighs such risks. However, because there are no guarantees, investing assets can be a nerve-wracking experience – especially during periods of market turbulence.[i]Taking a deliberate approach to financial asset management and working with a financial profession
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Re-thinking Your Bucket List

When approaching the latter part of life, it is easy to get caught up in achieving every goal on your bucket list. Individual lists vary widely, but often are filled with wild adventures like skydiving and scuba diving in the Great Barrier Reef. Bucket list items are the things one plans to do their entire life once they have the time and money to do it.Unfortunately, accomplishing all the items on a bucket list often does not go as planned. Whether it is an illness that gets in the way, a lack
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Assessing Your Retirement Resources

How resourceful can you be during your retirement? Determining where your retirement money will come from is an integral part of planning for retirement. Most people draw on three main sources of income: Social Security, employer-sponsored plans, and personal retirement savings. Each offers important resources that can help you fund the lifestyle you seek in retirement. Social Security Social Security offers a retirement benefit to workers and their spouses. You can start receiving benefits as
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Optimizing Required Minimum Distributions

Seventy-two is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from IRAs and employer-sponsored retirement plans (previously, the threshold was 70 ½). The milestone carries with it tax consequences that are not fixed. Rather, there are a few rules to consider that can help you optimize the impact on your bottom-line. IRAsYou must begin withdrawing from a traditional IRA (Individ
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Your Retirement Planning: “Too Big to Fail”

Five common retirement planning misperceptions and how to avoid  
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Key Tax Deadlines for 2021

While the 2020 tax year saw some significant changes to filing deadlines due to the effects of the global pandemic, the 2021 tax season seems to be set to be on track with normal filing deadlines. With the pandemic still in sight, it is important to consider that these dates may be subject to change. Below is a list of the filing deadlines for the upcoming 2021 tax year that you will want to be sure to put into your calendar. Individual Income Tax Returns Individual tax returns are slated to re
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Tax Identity Theft Awareness - Protecting Yourself from Tax Identity Theft

Tax identity theft is when someone steals your Social Security Number, files a tax return with your number, and directs a refund to their own bank account. In other cases, this type of identity theft may involve a scam artist calling on the phone, pretending to be a rep from the Internal Revenue Service (IRS), and demanding payment over the phone. To protect yourself, keep these tips in mind. 1. Remember the IRS Doesn't Make Surprise Phone Calls The IRS does call taxpayers, but these calls
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Capital Gains for the 2020 Season Could be Huge

This year looks to be a record year for capital gain distributions  
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New Year's Resolutions to Get Your Finances in Order

New Year's is traditionally the time to review your life and make resolutions for change. In addition to thinking about working out, eating healthy, and meeting personal and professional goals, you should also think about your finances. To make the most of the New Year, keep the following tips in mind. 1. Outline New Goals To ensure you're moving in the right direction, take some time to outline your goals. Think about long-term goals such as buying a home, sending the kids to college,
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Tips for Organizing Your Financial Documents

In an increasingly paper-free society, organizing your financial documents can still be a challenge. No matter how simple or complex your financial picture might be, it takes some thought-out organization to keep your tax documents, service records, and paid bills in a format that will allow you to easily access information when you need it. What steps can you take now to organize your financial documents for 2021 and beyond? Clean and Evaluate If your financial files look more like a pile of l
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How to Structure Charitable Giving Throughout Your Lifetime

Charitable giving is a way for affluent individuals spread their money around and to benefit causes that are near and dear to their hearts. Yet, for those who fall into the high net worth category, it is critical to structure charitable giving correctly so that you will reap the tax benefits while making the greatest impact. Below are just a few possibilities on how structuring your charitable giving will provide you with the most benefit. Donor-Advised Funds With a donor-advised fund, you will
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How to Evaluate a Charity and Whether to Donate

Responsible giving doesn't only involve making sure to help those in need, but also ensuring that you perform your proper research by evaluating the charity. Proper evaluation will help you to make sure that your funds are being used in the way you wish them to be and can help you leave the impact you desire. There are many ways to vet charities, such as performing online research to help you identify charities that focus on your desired causes. But if you want some tips on where to start, b
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Charitable Giving and Donating Toys

As the holidays approach, many children start to make wish lists, but unfortunately, not all children have someone to give them gifts. Luckily, there are many charities that help get holiday gifts and joy to children. If you're thinking about donating toys this holiday season, here is what you need to know. Charities That Accept ToysVarious charities around the country accept used toys all year long. These include Goodwill, Salvation Army, and local thrift stores. Typically, these organ
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End of Year Planning: Set Goals and Reduce Taxes

By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning, creating the first draft of your federal and state income tax returns to see what factors you can tweak and what goals you can set to reduce your overall tax burden. Read on for some points to consider as you close out 2020.Maximize Your Retirement SavingsBy k
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Military Families and Financial Planning

As a military family, you often have to deal with the stress of moving relatively frequently or potentially getting deployed. Managing your finances through these situations takes some finesse. To help ensure you're moving in the right direction, keep these tips in mind.   1. Set Aside Cash Reserves Whether you are military or not, you should ideally always have enough cash on hand to cover a few months of expenses. Then, if you ever face an interruption in your earning potential,
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