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Taking the CFP exam is just one of several requirements you’ll need to complete to become a certified financial planner. Taking a practice test can help you better prepare for the real thing. The best prep materials...

If you owe money on a federal student loan, you may be able to qualify for a repayment plan that will lower your payments and, ultimately, provide for partial forgiveness of the debt. Income-Based Repayment (IBR) and...

Members of the Millennial generation face special challenges including high levels of student loan debt and inflated housing costs when it comes to planning for a secure retirement. However, by taking proactive steps now,...

Money reports that despite high mortgage rates and home prices, there are still ways sellers can boost sale prices.

For adults of any age, it’s important to make an estate plan. This can be no more complicated than a simple will, but it matters. It’s even more essential when you have spouses, children and other people who depend...

On average, it takes four to 12 months to probate a standard estate in Florida. This is normal for most jurisdictions. A standard estate must be open for at least three months. This is the minimum amount of time...

During a divorce, debt is handled the same as assets. This means, primarily, that courts will try to follow two rules. First, courts will distribute debt based on its marital and pre-marital status. Debt that someone held...

Say that, as a married couple, you have $1.4 million in your IRAs and, at age 66, expect about $4,100 per month in Social Security. Based on some typical rules of thumb, you might be able to plan on about $108,000 per year...

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Opportunity cost quantifies the potential benefits that are lost when one alternative is chosen over another. Whether you’re an individual deciding whether to invest in bonds over stocks or a business leader...

The dissolution of a marriage can result in a dramatic shift in one’s financial landscape. From the division of retirement accounts and other financial assets to changes in your tax filing status and insurance needs,...

The allure of living abroad can promise a better climate, a lower cost of living and a higher quality of life, if you find the right country to move to in your golden years. But you can’t just pick up and move...

Probate in Florida refers to the legal process through which a deceased person’s assets are distributed and their debts are settled under the supervision of the court. Understanding this process is key whether...

The accumulation phase is the period in your working life when you’re saving money for retirement. It starts from your first paycheck and continues until you retire. During this phase, your primary objective is to...

Chalkbeat reports on apps that help non-English speaking families stay engaged with schools.

Treasury bonds are often considered the bedrock of conservative investment portfolios. These are U.S. government bonds that offer a unique combination of safety and steady income. But while they are lauded for their...

Typically, removing a name from a mortgage could require you to pay off the loan in full or refinance it with a new loan. But, there are alternatives where you can take over the loan without paying off it off or...

In the wake of a divorce, many face the daunting prospect of financial uncertainty, particularly when one spouse has sacrificed career advancement for family commitments. But alimony, a legal provision, can help balance...

When it comes to advisor fees, there are two numbers to keep in mind: 1% and 0.02%. The first is the average fee that financial advisors tend to charge. If you are looking for comprehensive financial management, in general...

Education savings accounts (ESAs) offer a straightforward and efficient way to set aside funds for future educational expenses. These accounts, also known as Coverdell ESAs, are tax-advantaged savings vehicles that allow...

Retirement planning can be complicated. But ignoring the tax consequences of your retirement income can take a bite out of your nest egg. Luckily, you can take a few strategic steps to minimize your tax liability. Here are...

For many Americans, Social Security benefits make up significant part of their retirement income. Therefore, it’s important to understand which steps you can take to maximize your benefits. Whether you’re...

Trusts are an independent legal entity, similar to a corporation. As a result any assets you contribute belong entirely to the trust itself, the same as if you gave your money to any other third party. If the trust is an...

The de minimis exemption refers to the threshold below which certain small-scale transactions or activities are exempt from regulation or taxation. Advisors should take note of this rule to ensure compliance with...