Adult Financial Education Events
Social Security Benefits Education.
One of the most complicated aspects of retirement is deciding when to take Social Security. There are over 120 factors to consider when making this major decision. In our Social Security Benefits classes we equip you to make the best decision for you and your family. Click the button below to be contacted about our next event!
Estate Planning Education.
You have worked many years to build wealth for you and your family. We teach you how to make sure that wealth continues to take care of the needs of your family even after you are gone. Is having a Will enough to cover your family? Don’t wait to find out, join us for our next event!
Saving and Investing for Retirement
Retirement planning involves setting financial goals and creating a roadmap to ensure a comfortable retirement. This includes understanding different retirement accounts like 401(k)s, which are employer-sponsored plans that often include matching contributions, and IRAs (Individual Retirement Accounts), which offer tax advantages. It’s crucial to start early and take advantage of compound interest.
Paying for College
Saving for college involves setting aside funds for education expenses. Options include 529 plans, which offer tax advantages and can be used for qualified education expenses, Coverdell ESAs (Education Savings Accounts), and other non-traditional strategies. Starting early and contributing regularly can help manage the rising cost of education and reduce the need for student loans.
Investing Basics
Investing involves putting money into financial instruments like stocks, bonds, mutual funds, and ETFs to grow wealth over time. Stocks represent ownership in a company, while bonds are loans made to corporations or governments. Mutual funds pool money from many investors to purchase a diversified portfolio of assets, and ETFs are similar but trade like stocks. Understanding risk, diversification, and the importance of starting early is key.
Tax Planning and Maximizing Deductions
Tax planning involves strategizing to minimize tax liability through deductions, credits, and retirement contributions. It includes understanding different tax brackets, utilizing tax-advantaged accounts like 401(k)s or IRAs, and taking advantage of deductions for mortgage interest, charitable donations, and medical expenses. Effective tax planning helps maximize savings and reduce the amount owed to the government.
Insurance Planning and Long-Term Care
Insurance protects against financial losses from unexpected events. Types of insurance covered in this course include health insurance (covers medical expenses), life insurance (provides financial support to beneficiaries after the policyholder’s death), and long-term care insurance (provides assistance in covering rising long-term care costs). Planning for healthcare expenses involves understanding your health insurance coverage, budgeting for out-of-pocket costs, and considering health savings accounts (HSAs) or flexible spending accounts (FSAs), which offer tax advantages for medical expenses. It’s important to anticipate potential costs for medical emergencies and long-term care.