Blog

Like many other issues in life, if you do not have a plan, you are planning to fail. Although we will address the financial aspect of...

Ohio recently expanded the EdChoice program to allow families of all income levels to apply for some scholarships to be used in grades...

Helping you get out of the paycheck-to-paycheck mentality Living Paycheck to paycheck is a burden many Americans face. Around 78% of all...

An emergency fund is like a safety net, providing peace of mind during unforeseen circumstances. This money needs to be liquid and accessible in case an expense arises out of the blue. There are many names that an emergency fund can go by, some of which are the following: rainy day fund, savings account, contingency plan, stockpile of cash, stash, or cash reserves, but they all serve the same purpose: to provide relief in the event of a job loss, pay cut or significant unexpected expense. ...

Ben and Arthur - I wonder if any parents having two sons have ever named their children Ben & Arthur. I would assume so, but hopefully,...

My wife is a high school women's basketball coach. As such, and considering we have one daughter in junior high and one in late...

About two weeks ago, we were all hit with the clickbait headline, "credit card balances hit $1 trillion". Immediately, people used this...

You recently left an employer where you were contributing to their 401(k), 403(b), or some other qualified retirement plan. Now what? This article will outline your options and point out some pros and cons of each option. Option 1: Leave the funds in the former employer’s plan You can leave your savings in the old plan if its terms allow it. While most plans will let you do this, that is not always true. Many plans will automatically roll your savings into an IRA if it is under a certain...

Working daily to become a Millionaire The premise of which workplace plan to select assumes that you have a workplace plan available to...

Exploring the 529 and the UTMA for College Savings Options With the fall semester commencing, it’s an appropriate time to consider saving...

Roth and Traditional IRAs With a Roth Individual Retirement Account (IRA), money is put in after paying income tax on it, and then you get the best benefit of any retirement account: TAX-FREE GROWTH & TAX-FREE WITHDRAWALS (once you reach age 59 and a half and have had the Roth for 5 years). As I tell every person I talk to, imagine taking money out of your checking account, which you have already paid tax on, making a contribution to your Roth IRA, and sitting back to enjoy the tax-free...

One tax most are not familiar with is the Net Investment Income Tax or NIIT. This is also sometimes referred to as the Obamacare...

What Are Parents Paying For? Part 2 Last month's newsletter asked the question: why parents should pay for a college education when...

President & Chief Investment Officer of Whitaker-Myers Wealth Managers, John-Mark Young recently completed the coursework and examination...

1. The summer in parts of the country has been hot, hot, hot, while other parts of the country, like our home office in Ohio, have...

Do you have a savings account for your child at the bank? If so, did you know that you could have that money invested and potentially...

Am I getting old when I can boldly say, "Been there, done that!" That's what I felt like this week when on August 1st, Fitch, a credit...

Worrying can be okay “The market climbs a wall of worry” and “This time is different” are two of my favorite quotes regarding investing....

Something happened this year that hasn't happened (very often) since the start of my career in 2007. The international markets were...

Finding the best ways to save while investing For those interested or worried about saving, this article will help clarify the options...