Financial Education Center

Donor-Advised Fund

A donor-advised fund offers an easy way for a donor to make significant charitable gifts over a long period of time. A donor-advised fund is similar to a private foundation but requires less money, time, legal assistance, and administration to establish and maintain. A donor-advised fund also enjoys greater tax advantages than a private foundation.

Charitable Giving

Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.

Funding Your Future with a Fixed Annuity

A fixed annuity is a contract between you and an annuity issuer, usually an insurance company. In its simplest form, you pay money to the annuity issuer; the issuer invests the funds and pays the principal and its earnings back to you or to your named beneficiary. What's fixed about a fixed annuity? The issuer guarantees (subject to its claims-paying ability) a minimum rate of interest on your investment and a fixed benefit amount if you elect to annuitize.

Creative Solutions to Lower the Cost of College

Saving money, borrowing money, and financial aid are the most obvious ways to pay for college. But none of these methods attempt to lower the actual cost of college. There are several creative ways to lower the cost of college, which, in turn, will lower your own costs.

Managing Expenses During the College Years

For most parents, paying for a child's college or graduate school education is a major event. For some parents, it rivals only the purchase of a home in number of dollars spent. As the cost of college continues to rise, it's little wonder that parents view their ability to pay college costs with some apprehension.

Investor Insights: First Half Recap and Current Market Conditions

While various financial market returns are down double-digits and many are in correction territory, undoubtedly, the first half of 2022 has been nerve-racking for most investors. We started the year with unprecedented, soaring inflation at rates that have not been seen since the late 70’s and early 80’s, as well as higher food and energy prices, supply chain disruptions, the Omicron variant, and to top it off, news of Russia invading Ukraine!