Smart Financial & Insurance Moves for New Parents

As you start a family, consider these ideas. Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and that reality may make the following financial moves necessary. Think about a budget. As a couple, you may have lived for years without budgeting. As parents, this may change. You will face new recurring costs: clothes, toys, diapers, food. Keeping track of weekly or monthly expenses will be handy. (The Department of Agriculture has an online calculator where you can estimate the total cost of raising a child to adulthood. The math may surprise you: the U.S.D.A

What if Capital Gains Were Indexed to Inflation?

Investors would be taxed less if this idea gets the green light. Recently, President Trump and Secretary of the Treasury Steven Mnuchin both voiced their support for an intriguing idea: the indexing of capital gains. The idea is not new; President George H.W. Bush’s administration briefly considered it in the early 1990s. It is certainly appealing, especially for wealthy investors. (More than 75% of Americans who pay capital gains taxes earn $1 million or more annually.) Secretary Mnuchin has claimed that this change could be made via an executive order or a new Treasury rule. How would it alter the capital gains tax picture? Capital gains tax rates would not change, just the determination o

Is Your Company’s 401(k) Plan as Good as It Could Be?

Two recent court rulings may make you want to double-check. How often do retirement plan sponsors check up on 401(k)s? Not as often as they should, perhaps. Employers need to be especially vigilant these days. Every plan sponsor should know about two recent court rulings. One came from the Supreme Court in 2015; another, from the U.S. District Court for the Central District of California in 2017. Both concerned the same case: Tibble v. Edison International. In Tibble v. Edison International, some beneficiaries of the Edison 401(k) Savings Plan took Edison International to court, seeking damages for losses and equitable relief. The plaintiffs contended that Edison International’s financial ad

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