According to a survey conducted by the Federal Reserve, people inherit an average of $46,200 during their lifetime. For many, it can be overwhelming to unexpectedly receive a large sum of money, especially when mourning the loss of a family member or friend. It is...
It’s no secret that college is expensive. According to the Capital Group, the average cost of a four-year degree from a public in-state school is currently $81,737. In 2041, the cost is estimated to more than double, amounting up to $187,344. A 529 college...
Despite happening every year, right around the same time, Tax Day still manages to sneak up on us. To help prepare you for this extremely important day, the Montgomery Financial Partners team has compiled all the answers to your deadline questions. When are...
We all know how the story goes: we work hard for 40 years, contribute to our 401(K), invest, budget, and everything in between. But what happens after we retire? The rules of money management shift in retirement, so it’s important to be prepared. Rather than focusing...
As we stated in our previous blog post, financial planning and estate planning go hand-in-hand. Estate planning can help you manage your financial and personal affairs. It allows you to evaluate your assets and consider what is going to happen to those assets when you...
Retirement annuities are insurance contracts between the owner of the annuity and the financial institutions issuing it. You can purchase these contracts with monthly premiums or lump-sum payments. From there, those invested funds grow over time in what we refer to as...
Recent Comments