When it comes to college savings most people have heard about 529 plans, savings bonds, and custodial accounts. However, there is another player in the game that many overlook that provides a dual-purpose investment option. Custodial Roth accounts, known for their post-tax investment growth for retirement, can also have a place in the college savings […]
My 7-year-old nephew, Christian, has been disabled since birth. He has been in and out of the hospital regularly, undergone numerous surgeries, and receives multiple shots daily, but you’d never know it based on his warm smile and positive attitude. His mother (my sister), Jess, is one of the strongest people I know. She is […]
The Labor Department announced earlier this month that the consumer-price index increased 8.6% in May from the same month a year ago, marking its fastest pace since December 1981. This was above analyst expectations of 8.3% and sent U.S. stocks down as consumer sentiment dropped along with them. With ongoing inflation and a lagging stock market, you […]
The title of this blog may lead you to believe this is only for people within a few years of retiring. However, the inverse is true: the younger you are, the more important this information is for you. So, first off – what is retirement planning, exactly? It can sound like an overwhelming and far-away […]
My dad loves to quote a life insurance salesman that once said to him “how do you know you don’t have a child?” As cringeworthy as the question is, it does address the purpose of insurance fairly well. Insuring against the unknown “what-ifs” that life holds. Life insurance takes the place of your income in […]
Have you ever wondered what it might be like to have dementia? Or maybe you have a family member who has been diagnosed with dementia and you are having a hard time understanding why your loved one behaves in certain ways? I was recently invited to a “Dementia Virtual Tour” at a local Senior Living […]
Ever since they were first established back in 1998, Roth IRAs have been a game-changer in the retirement world. After years and years of only pre-tax retirement vehicles, Roth IRAs provided another way for savers to put money aside for the future. That said, let’s dive into what a Roth IRA is, who can use […]
It has been said that it takes 21 days for a habit to be formed. For example, going to the gym for 21 consecutive days results in you not thinking twice about going to work out. Or taking a three week break from dessert after dinner each night will result in you saying “no, thank […]
When President Joe Biden first came into office January 2021, he immediately paused the federal student loan repayments for borrowers. Due to the economic upheaval brought on by the global COVID-19 pandemic, many Americans were struggling to pay their bills and stay afloat. President Biden and Vice President Harris were very passionate about this moratorium, […]
Phil: Welcome back to Tull Financial, Financial Fridays! It’s been a little while but we’re glad to be back with you. It’s tax season, really coming down to the wire here. So you’ve got lots of questions about tax software, tax preparers, CPAs – who do I use? How do I know? And of course […]