Managing Your Money

Protecting Your Most Valuable Asset: A Financial Guide for Attorneys

For attorneys, every six-minute increment has value. You dedicate your days to serving clients, managing complex matters, and building a practice. But amid these demands, one critical question often goes unasked: Who is looking after your financial interests with the same diligence you give your clients?

Market’s Down, Inflation’s Up and Recession Fears Rise—What Should I Do?

Is my money market a savings account or checking? This is why you need to know.

Money market accounts are officially classified as checking accounts according to bank rules. Clients traditionally use them for saving money, but money market accounts are unique.

Millennials Made Great Strides Financially. Why Don’t They Feel it Yet?

If you’re a Millennial, the 2008 economic recession certainly had an early impact, whether your career was just getting off the ground at that time or you were a pre-teen whose parents struggled financially. Despite a slow start, people born between 1981 and 1996 are now on better financial footing than previous generations were at that age. So why don’t you feel comfortable yet? Read on for the reasons behind Millennials' "phantom wealth" and some tips to enhance your assets “on paper” and in your wallet.

Federal Estate and Gift Tax: Planning for the Sunset of the Tax Cuts and Job Acts

As of 2024, the Federal Estate Tax Exemption is $13,610,000. While 2017’s Tax Cuts and Jobs Act (TCJA) made permanent tax changes for corporations, the tax benefits for individuals will sunset on December 31, 2025. If Congress does nothing, the exemption will significantly decrease. This presents an opportunity to save taxes by acting now.

Building and Repairing Credit

One important measurement of financial wellness is the credit score. It’s essential for renting an apartment or buying a car or home. So how do you build credit when you're starting from scratch? And if your credit score is low, what are some ways to build it back up? Our financial education program manager shares his tips.

Money Moves: Which method is best for which purpose

When you need to move money, it’s important to know the different ways you can do it, how quickly the transfer takes place and how much it will cost. Here’s a primer on the main ways to move the dollars in your personal accounts from place to place.

New to the United States? Here’s How to Establish Credit

FDIC Insurance for Trusts

You may have heard that there’s a new rule effective April 1, 2024, for FDIC insurance of trusts. The official language of the new rule can be confusing, but we've outlined the basics.

Smart Use of Credit Cards

For the cardholder who can pay off the total balance each month or the savvy shopper who pays equal installments on a zero-APR promotional offer, the benefits of using a credit card could be worth it. But for anyone leaving a balance on a higher-APR card for longer than one or two 30-day cycles, the interest charges can really add up, and the balance can take much longer to pay off.