Posts

Money Matters

Money Matters: Double Your Impact With These Charitable Giving Strategies

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – Americans are a generous people. Many support charitable organizations that enhance their communities and enrich their personal lives. In addition to giving wisely to nonprofit groups, it’s important to anticipate financial obligations to family members while you’re still of sound mind. Read more

Money Matters: Delaying Retirement May Provide the Financial Boost You Need

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – Americans are living longer, healthier lives, and this trend is affecting how they think about and plan for retirement. For instance, according to the Employee Benefit Research Institute, the age at which workers expect to retire has been rising slowly over the past couple of decades. In 1991, just 11 percent of workers expected to retire after age 65. Fast forward to 2014, and that percentage has tripled to 33 percent – and 10 percent don’t plan to retire at all.1 Read more

Money Matters: We Are Considering Adopting a Child. What Do We Need to Know?

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – When considering adoption, it is important to understand the legal process, the evaluation by a social worker, programs that may help you finance an adoption, and your ability to care for a child. Read more

Money Matters: 401(k) Decisions – You Can Take It With You

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – If you are preparing to change jobs, do you know what your choices are for managing the money in your current employer’s retirement plan? Although many people choose to take a cash distribution, there are other options that may benefit you more. Read more

Money Matters: Is Long-Term Care Insurance a Good Idea?

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – There is a good possibility that you or your spouse will eventually require some form of long-term care. According to the U.S. Department of Health and Human Services, about 70 percent of people aged 65 or older will enter a nursing home for some period of time during their lifetimes.1 Read more

Money Matters: How Well Do You Know Your 401(k)?

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – The old saying “knowledge is power” applies to many situations in life, including retirement planning. The more you know about the benefits your plan offers, the more likely you’ll be to make the most of them and come out ahead financially when it’s time to retire. Here are some questions to test your knowledge about your plan. Read more

Money Matters: 529 Plans – Taking Distributions

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status – and which do not.1
Read more

Money Matters: 529, Coverdell or Custodial Account? How to Choose

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – The cost of a college education continues to rise. The projected average total college costs for a child born in 2015 are nearly $550,000 for a four-year private college and $240,000 for a public college.1 If you are looking for tax-advantaged ways to get ahead of the curve, you have several choices – 529 plans, Coverdell Education Savings Accounts and custodial accounts created under the Unified Gifts to Minors Act (UGMA) or Unified Transfers to Minors Act (UTMA) – but which ones may be right for you? Read more

Money Matters: I’m Getting Married. How Could Marriage Potentially Affect My Finances?

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. Read more

Money Matters: Hucksters and Hype: Signs of a Stock Scam

Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.

Cary, NC – If an investment opportunity sounds too good to be true, it probably is. Here are a few tips to help you determine if a stock is worth taking a chance on – or best avoided. Read more