Summit Sounds Off
Four Things to Consider Before Refinancing Your Home
Mortgage refinancing applications surged in the second week of March 2020, jumping by 79% — the largest weekly increase since November 2008. As a result, the Mortgage Bankers Association... Read More
Could You Be Responsible for Your Parents’ Nursing Home Bills?
In 26 states (and Puerto Rico), laws generally hold children financially responsible for certain debts of their parents. These laws are referred to as filial responsibility laws (or filial... Read More
2020 So Far … “Unbelievable”
By Nathan Bennett CFP®, CBEC®, ChFC®, CLU®, Summit Co-Founder All one can say about 2020 so far is, “Unbelievable!” (Actually, I could use some more descriptive words, but they... Read More
529 College Savings Plans 101
529 savings plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. They can also be used to save for K-12... Read More
Business Travel After COVID-19
Travel—for both business and leisure—worldwide has virtually come to a standstill during the coronavirus pandemic. At this point, nobody knows when it will come back. Whenever that time comes... Read More
The Stockdale Paradox and COVID-19: The Difference Between Faith and Optimism
The Stockdale Paradox is a concept popularized by author Jim Collins in his bestselling book “Good to Great.” Collins was referencing the incredible story of Admiral James Stockdale, whose... Read More
Strategic Planning Amid Economic Uncertainty
The Coronavirus has dealt the US Economy an unexpected blow, and business owners are faced with the challenging task of managing expenses and cash flow while being strategic for... Read More
Gift Card 101: Make the Most Out of this Popular Present
Do gift cards expire? Gift cards are popular and convenient gifts (to give and receive) for many occasions. But is it possible for gift cards to expire before they’re... Read More
How to Give Like a Billionaire When You Don’t Have Billions to Give
Since Bill and Melinda Gates and Warren Buffett created the Giving Pledge in 2010, more than 200 of the world’s wealthiest individuals and couples have committed to giving the... Read More
Life Insurance at Various Life Stages
Your need for life insurance changes as your life changes. When you’re young, you typically have less need for life insurance, but that changes as you take on more... Read More
Data Breaches: Protecting Your Identity and Your Money
Large-scale data breaches are in the news again, but that’s hardly surprising. Breaches have become more frequent — a byproduct of living in an increasingly digital world. During the... Read More
10 Money-Saving Travel Tips
Exploring the world sounds fun and exciting, but it can be expensive to travel. However, there are ways to experience the trip of your dreams on a budget. Follow... Read More
How Much Money Should a Family Borrow for College?
There is no magic formula to determine how much you or your child should borrow for college. But there is such a thing as borrowing too much. How much... Read More
Test Your Knowledge of Financial Basics
How well do you understand personal finance? The following brief quiz can help you gauge your knowledge of a few basics. In the answer section, you’ll find details to... Read More
The Transformative Rise of Women in the Workforce — and the Remaining Gaps
By Dr. Jeff Rosensweig In his 2018 State of the Union (SOTU) address, President Donald Trump noted many jobs were created for women during his first two years as president. He... Read More
What Happened to Your Money?
If you don’t know what happened to your money during the past year, it’s time to find out. December and January are the perfect months to look back at... Read More
Talking to Your Teen About Money
You probably feel comfortable talking to your teen about things like school, sports, and clothing. But how do you feel about talking about money? While it may be a... Read More
College Prep 101: The Importance of Adding a Durable Power of Attorney and a Health Care Directive to Your To-do List
The “to-do” list for sending a child off to college might seem virtually endless—registration, shopping, dorm decorating, goodbyes (sniff, sniff). Probably the last thing on any parent’s mind before... Read More
Gray Divorce – Financial Considerations
Although divorce is a difficult transition at any age, divorce at or near retirement carries distinct financial uncertainty. Preparing for the cost of two separate retirements with a limited... Read More
The Health-Wealth Connection
It’s a vicious cycle: Money is one of the greatest causes of stress, prolonged stress can lead to serious health issues, and health issues often result in yet more... Read More
Video: Elder Care – Providing for Our Parents
Providing for Our Parents: Nearly one third of all American households are caring for an elder parent. This video provides 8 steps to take when caring for your... Read More
It’s Time for Baby Boomer RMDs!
It’s Time for Baby Boomer RMDs! In 2016, the first wave of baby boomers turned 70½, and many more reach that milestone in 2017 and 2018. What’s so special... Read More
The Retirement Income Challenge
At its core, retirement is a lifetime income challenge. When someone quits working, their lifestyle still requires monthly expenditures, but the corresponding paycheck disappears. Replacing that paycheck is the... Read More
The Long-Term Care Conundrum
How does one deal with a risk that has a high probability of occurrence, an unquestionably high cost when it happens, and insurance products meant to hedge the risk... Read More
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