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Tag: theresa

95 posts tagged as "theresa"

Year-End Financial To-Do: Only a Few Days Remain for Certain IRA and Retirement Account Deadlines

Dec 19, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Some people enjoy the thrill of waiting to the last minute and like the rush of adrenaline when they work under the pressure of a deadline.  If that’s you, then you’ll be happy to hear you have eight business days left in 2019!  If you are more of a planner and list maker like me,

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Year-End Financial To-Do: Managing Mutual Fund Capital Gain Distributions

Nov 14, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning, Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies and Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

If you are like most investors, you likely own some mutual funds.  They are common in IRAs, 401(k)s, taxable accounts, etc.  However, when you own mutual funds in a taxable account,

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Year-End Financial To-Do: RMDs and QCDs

Nov 12, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

As we get older, it seems like the days pass more quickly and that somehow time moves faster.  Science would say that isn’t true, but if you are like me, you might be realizing that there are just 49 days to take care of everything you wanted to get done before the end of the year. 

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Scary Financial Mistakes: Taking Social Security Early

Oct 23, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

One of the biggest fears most people have about retirement is running out of money.  Retirement decisions can be scary because your financial well-being depends on you making the right decisions for you and your family.  Deciding when to take Social Security is one of those important retirement decisions that once made, generally cannot be un-made. 

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How Do You Spell Financial Aid? F-A-F-S-A

Oct 1, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

October brings a lot of things…cooler weather, falling leaves, pumpkin spice everything, and if you are the parent of a senior in high school planning on going to college next year, probably a little panic.  That’s because it’s time to file the FAFSA. The Free Application for Federal Student Aid (or FAFSA) is the first step to uncovering if your student will qualify for federal financial aid,

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Can I Collect Social Security from My Ex?

Aug 21, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Many people find Social Security decisions confusing, but if you are or were previously divorced, understanding what your options are can be even more complicated.  When I talk with clients about Social Security collection strategies, there are two common questions I often hear regarding divorce and Social Security.  The first is always “Can I collect Social Security from my ex?” This is usually quickly followed by “What happens if my ex remarries/remarried?”

Can I Collect Social Security from My Ex?

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Summer Savings Strategies: Keep Your Assets Tax Diversified

Jul 10, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

When you retire, your savings and investments will likely become a primary source of income. Did you know that how your retirement income is taxed is impacted by both the type of investments and the type of accounts the income is taken from?  For federal tax purposes, there are three main categories: taxable, tax-deferred, and tax-free.

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Summer Savings Strategies: Turn Summer Jobs Into Super Savings

Jun 26, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

If you are like most parents with a household of kids at home for the summer, you are probably busy scheduling summer camps and other activities to keep them busy all summer long. For those of you with teenagers or college students who will be working during the summer, keep in mind that there are more advantages to that summer job than the kids having a little more spending money.

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2019 Summer Saving Strategies

May 1, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Temperatures are warming up and flowers are blooming which means summer is right around the corner.  Have you been busy making summer plans?  Are you going to travel somewhere for a well-deserved vacation?  Are you planning to finally read that book you bought last year?  Maybe you’ve been thinking about making some healthy lifestyle changes and getting in more steps each day. 

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Congratulations! It’s Tax Freedom Day!

Apr 16, 2019

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

You may still be recovering from paying your income taxes, but did you know that you can now celebrate “Tax Freedom Day®” according to the nonpartisan Tax Foundation.  Today, American taxpayers will have earned enough as a whole to pay off their federal, state, and local income tax bill. Together we will pay a total of $5.29 trillion and we will spend more on taxes this year than we will on food,

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