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Financial Literacy for Children

When is it a good time to start teaching children about the value of money? It may be younger than you think!
#sidebar-archives h3{display:none;} When is it a good time to start teaching children about the value of money? It may be younger than you think! As early as grade school,… http://www.wflains.org/financial-planning/financial-article-archive/2017/09/financial-literacy-children/

The Importance of Beneficiary Designations to Your Estate Plan

Generally the named beneficiary of life insurance contracts, IRAs, pension plans, and tax-deferred annuities will receive the assets at the death of the insured. When the beneficiary has attained the age of majority and is a natural person, not an estate,…
#sidebar-archives h3{display:none;} Generally the named beneficiary of life insurance contracts, IRAs, pension plans, and tax-deferred annuities will receive the assets at the… http://www.wflains.org/financial-planning/financial-article-archive/2017/04/importance-beneficiary-designations-your-estate-plan/

Organizing and Retaining Financial Records

How to organize your financial records each year, using digital storage, as well as which items need to be kept original in a secure place.
#sidebar-archives h3{display:none;} January, February, and March tend to be busy months in my household as we collect and sort through all of the prior year’s statements,… http://www.wflains.org/financial-planning/financial-article-archive/2017/01/organizing-and-retaining-financial-records/

Paying Down Debt after the Holidays

There are two “debt payoff” strategies suggested by Dave Ramsey in his financial strategies course known as Financial Peace University. Dave calls these debt pay off strategies Debt Snowball and Debt Avalanche.
#sidebar-archives h3{display:none;} Holiday debt can quickly haunt a new year. According to Gallup, $830 is the average amount each American adult is expected to spend on… http://www.wflains.org/financial-planning/financial-article-archive/2016/12/paying-down-debt-after-holidays/

Work Together to Meet Financial Goals

The skill of managing household finances is not a trait that we are born with. It’s an acquired skill that we have to work on continuously. Those with an aptitude for math may find it fun and exciting, while those with creative qualities may find frustrat…
#sidebar-archives h3{display:none;} by Julie Cole, CFP®, FLMI Annuity Product Manager The skill of managing household finances is not a trait that we are born with. It’s an… http://www.wflains.org/financial-planning/financial-article-archive/2016/11/work-together-meet-financial-goals/

Financial Planning Gap Analysis: Do you Know Where you are Headed?

CEOs do it - athletes do it – corporations do it and professional sports teams do it – Maybe it’s time for you to perform a Gap analysis, too.
#sidebar-archives h3{display:none;} CEOs do it - athletes do it – corporations do it and professional sports teams do it – Maybe it’s time for you to perform a Gap analysis,… http://www.wflains.org/financial-planning/financial-article-archive/2016/06/financial-planning-gap-analysis-do-you-know-where-you-are-headed/

Longevity Risk

Longevity risk refers to the risk that actual survival rates and life expectancy will exceed expectations. To pension plan administrators, this means that the pricing assumptions and life expectancies of retirees results in a greater-than-anticipated reti…
#sidebar-archives h3{display:none;} Longevity risk refers to the risk that actual survival rates and life expectancy will exceed expectations. To pension plan administrators,… http://www.wflains.org/financial-planning/financial-article-archive/2016/03/longevity-risk/

Everyone Should Work With a Financial Planner

Life is full of surprises - from marriages, to having a baby, to planning for college expenses. Sometimes, life throws you curveballs, such as the death of a loved one or divorce. You can't always predict what will come your way, but that doesn't mean you…
#sidebar-archives h3{display:none;} Life is full of surprises - from marriages, to having a baby, to planning for college expenses. Sometimes, life throws you curveballs, such… http://www.wflains.org/financial-planning/financial-article-archive/2016/01/everyone-should-work-financial-planner/

Are "Boomerang Kids" Ruining their Parents' Finances?

More young adults (ages 20 to 34) are back home, living with their parents than ever before. Parents can help their children, but should be clear on what they expect from their children. She has several recommendations for parents of children who return t…
#sidebar-archives h3{display:none;} By Julie Cole, CFP®, FLMI Annuity Product Manager More young adults (ages 20 to 34) are back home, living with their parents than ever… http://www.wflains.org/financial-planning/financial-article-archive/2015/12/are-boomerage-kids-ruining-their-parents-finances/

The Marshmallow Experiment: Delayed Gratification

How does your perspective on time affect your spending habits? Find out in this blog by Julie Cole, our financial advisor.
#sidebar-archives h3{display:none;} Knowing who you are can provide insight into your future. Our past and present experiences may affect our future behavior. Some individuals… http://www.wflains.org/financial-planning/financial-article-archive/2015/07/marshmallow-experiment-delayed-gratification/

Getting Your Finances in Shape

Tax time is the best time to reevaluate where you stand financially,and to make a plan to reshape your finances. Here are seven things you should be doing while preparing to file your tax return.
#sidebar-archives h3{display:none;} Tax time is the best time to reevaluate where you stand financially and to make a plan to reshape your finances in 2015. Here are seven… http://www.wflains.org/financial-planning/financial-article-archive/2015/02/getting-your-finances-shape-2015/

Boomers: Planning for Aging Issues

Most “Baby Boomers” (those of us born between 1946 and 1964) learned about living a very long life from our parents. Most of our parents didn’t plan on a long retirement or running out of money. We’ve experienced their aging issues right along with them…
#sidebar-archives h3{display:none;} Most “Baby Boomers” (those of us born between 1946 and 1964) learned about living a very long life from our parents. Most of our parents… http://www.wflains.org/financial-planning/financial-article-archive/2015/01/boomers-planning-aging-issues/

Positive Money Habits

Julie Cole wrote a fantastic article about spending habits last January, here's a re-cap!
#sidebar-archives h3{display:none;} The psychology of money, known as behavioral science, has a very simple formula. Decreasing stress increases happiness. Try a new… http://www.wflains.org/financial-planning/financial-article-archive/2014/12/positive-money-habits-2015/

Bank of Mom and Dad

Tips on financing adult children's loans, and lending money.
#sidebar-archives h3{display:none;} We all want to help our children succeed and that may mean helping them financially. If you are fed up with meager returns on your bank… http://www.wflains.org/financial-planning/financial-article-archive/2014/08/bank-mom-and-dad/

Lessons We Learn From Others

Stories of poor choices, when used as a lesson, can help us stay out of financial trouble. As facilitator of local Financial Peace University seminars, I run across stories of… http://www.wflains.org/financial-planning/financial-article-archive/2014/03/lessons-we-learn-others/

Keep or Toss: Gettting your Financials in Order for 2014

How long should I keep a receipt? What about tax filings? Find out how long to keep your financial records with this handy blog.
Keep or Toss: Getting your Finances Organized in 2014 As you scramble to go through receipts, bills, and pay stubs from the year for tax time, you might be asking yourself:… http://www.wflains.org/financial-planning/financial-article-archive/2014/01/keep-or-toss-gettting-your-financials-order-2014/

To-Do Lists for Life Changes

Things change. We get married, have children, get divorced, and retire. Our parents and spouses die. We die. We endure tornados, floods, car accidents, and loss of jobs. Things happen that are all just part of life. These milestones of life have occurred …
#sidebar-archives h3{display:none;} Things change. We get married, have children, get divorced, and retire. Our parents and spouses die. We die. We endure tornados, floods,… http://www.wflains.org/financial-planning/financial-article-archive/2013/04/do-lists-life-changes/

12 Financial Resolutions That Will Simplify Your Life

In our complicated world, there are a lot of things we have to do on a regular basis. Filling out your tax returns, renewing your auto licenses, and paying property taxes are just a few things you must do. So, it makes sense to try to simplify your life. …
#sidebar-archives h3{display:none;} In our complicated world, there are a lot of things we have to do on a regular basis. Filling out your tax returns, renewing your auto… http://www.wflains.org/financial-planning/financial-article-archive/2013/01/12-financial-resolutions-will-simplify-your-life/