Blog Financial Planning

I Bond

Series I Savings Bonds Currently Earning 9.62%

By Chelsie Smith / May 12, 2022 / Comments Off on Series I Savings Bonds Currently Earning 9.62%

Series I Savings Bonds (also called I-bonds) are currently earning 9.62%. The rate is determined in part by inflation, and changes every six months. The interest is tax-deferred until redeemed. If you have extra cash on the sidelines over your “rainy-day fund”, consider purchasing I-bonds to help your money keep up with inflation. These bonds…

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Student Loan Update

By Chelsie Smith / April 14, 2022 / Comments Off on Student Loan Update

Moratorium Extended President Biden extended the student loan moratorium to August 31, 2022. This is the seventh extension and gives the over 43 million student loan borrowers a little more time to push off repayment of their loans without accruing any interest. While this is a short extension, there has been talk of extending into…

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Reframing Your Resolution Mindset

By Chelsie Smith / March 17, 2022 / Comments Off on Reframing Your Resolution Mindset

Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to such self-promises … life gets busy, our motivation fades, and before you know it, the year is half over, and your goal is no closer than when you started. If you’ve found yourself in a…

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long term care

Washington State Long Term Care Tax on Pause

By Chelsie Smith / February 2, 2022 / Comments Off on Washington State Long Term Care Tax on Pause

The Washington State Long Term Care Tax of 0.58% that was poised to start on January 1, 2022 has been paused until July 2023. Governor Inslee signed two bills relating to the tax, also referred to as the WA Cares Tax. Many questions and criticisms lead to the pause. Additional bills were introduced as well.…

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What Issues Should I Consider at the Start of the Year?

By Ben Rickey / January 12, 2022 / Comments Off on What Issues Should I Consider at the Start of the Year?

At the start of the year, there are several issues that should be considered including the following: Reflecting on your previous year’s goals Identifying new goals for the year Evaluating any new cash flows and adjusting your spending and saving accordingly Reviewing tax issues, insurance issues and legal issues Follow this link to see the…

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Medicare Open Enrollment for 2022 Begins October 15

By Susan Van Tress / October 14, 2021 / Comments Off on Medicare Open Enrollment for 2022 Begins October 15

Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open Enrollment Period — which begins on October 15 and runs through…

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family photo

Naming Your Beneficiaries: Avoid Common Mistakes

By Matt Hargreaves / July 16, 2021 / Comments Off on Naming Your Beneficiaries: Avoid Common Mistakes

We get a lot of questions from clients on naming beneficiaries to their accounts. While the paperwork is relatively straightforward, it is important to pay attention to a few key areas to avoid some common mistakes. We’ve outlined a few key areas keep in mind when naming a beneficiary Updating your will is not enough…

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Long Term Care

Washington State Long Term Care Payroll Tax

By Chelsie Smith / June 15, 2021 / Comments Off on Washington State Long Term Care Payroll Tax

Washington state passed a new law that aims to provide long-term care (LTC) coverage to residents starting in 2025. To pay for this benefit, you will see a new Washington state long term care payroll tax starting in 2022. There is a one-time option to opt out, but you must take action now! To opt…

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Saving, budgetting, credit

Teaching Your Older Children About Money

By Chelsie Smith / June 15, 2021 / Comments Off on Teaching Your Older Children About Money

Last month, we looked at ways to start teaching younger children about money and how to handle it wisely. This month, we will look at ways to teach older children about finances, including savings, budgeting, and credit. Below are some additional steps parents can take to help their children build a solid financial base. Earning…

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Ways to increase your non-profit donations

6 Ways Your Non-Profit Can Increase Giving And Make Donations Easy

By Ben Rickey / June 4, 2021 / Comments Off on 6 Ways Your Non-Profit Can Increase Giving And Make Donations Easy

This article will look at 6 ways you can increase giving at your non-profit as well as helpful hints to put on your website to make donations easy. 1. Cash The first way to increase your giving is to make sure your patrons can sign up to make a one-time or ongoing contribution. For many…

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