Summit Sounds Off

Tax Filing Information for Coronavirus Distributions

February 23, 2021 | Category: Summit Sounds Off

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation included a provision that allowed qualified retirement plan participants and IRA account holders... Read More

Test Your Knowledge of College Financial Aid

February 23, 2021 | Category: Summit Sounds Off

Financial aid is essential for many families, even more so now in light of COVID-19. How much do you know about this important piece of the college financing puzzle?... Read More

A Financial Wellness Plan Can Help Pave the Road to Retirement

February 23, 2021 | Category: Summit Sounds Off

If we’ve learned any lesson over the past year, it’s that no matter how carefully we plan and prepare, we’ll likely encounter unexpected hurdles. While a global pandemic has... Read More

Beef Up Your 2021 Tax Deductions by Supporting Local Restaurants

February 9, 2021 | Category: Summit Sounds Off

It has been a year since COVID-19 started to take shape in the U.S. According to data from the Bureau of Labor Statistics (BLS) the national economy lost more... Read More

Four Steps to Rebuilding Your Business

December 4, 2020 | Category: Summit Sounds Off

Few business owners have escaped the financial effects of stay-at-home orders, new safety protocols, and consumer fears related to the pandemic. Even if you took advantage of temporary federal,... Read More

Sharing Your Money Values Can Be Part of Your Legacy

December 4, 2020 | Category: Summit Sounds Off

When it’s time to prepare the next generation for a financial legacy, you might want to bring your family members together to talk about money. But sitting down together... Read More

How to Help Maintain a High Credit Score

December 3, 2020 | Category: Summit Sounds Off

During the holiday shopping season, your credit score is probably the last thing on your mind. But as you start your seasonal spending, remember to use credit wisely so... Read More

Should You Pay Off Student Loans Early or Save More for Retirement?

November 5, 2020 | Category: Summit Sounds Off

For adults with student debt and extra money on hand, deciding whether to pay off student loans early or put those funds toward retirement can be tricky. It’s a... Read More

Seeking Sun or Savings? Explore a Retirement Move

October 28, 2020 | Category: Summit Sounds Off

Many people intend to retire in the place they call home, where they have established families and friendships. But for others, the end of a career brings the freedom... Read More

Incapacity and Advance Medical Directives

September 23, 2020 | Category: Summit Sounds Off

At some point in your life, you may lose the ability to make or communicate responsible health-care decisions for yourself. Without directions to the contrary, medical professionals are generally... Read More

Four Things to Consider Before Refinancing Your Home

August 5, 2020 | Category: Summit Sounds Off

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?

July 20, 2020 | Category: Summit Sounds Off

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”

July 7, 2020 | Category: Summit Sounds Off

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

May 28, 2020 | Category: Summit Sounds Off

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

Man waiting in airport
May 19, 2020 | Category: Summit Sounds Off
Man waiting in airport

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

Stockdale Paradox
April 22, 2020 | Category: Summit Sounds Off
Stockdale Paradox

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

April 17, 2020 | Category: Summit Sounds Off

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

January 3, 2020 | Category: Summit Sounds Off

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

Life Insurance at Various Life Stages

September 9, 2019 | Category: Summit Sounds Off

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

August 21, 2019 | Category: Summit Sounds Off

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

June 10, 2019 | Category: Summit Sounds Off

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?

May 1, 2019 | Category: Summit Sounds Off

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

March 29, 2019 | Category: Summit Sounds Off

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

March 8, 2019 | Category: Summit Sounds Off

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?

December 13, 2018 | Category: Summit Sounds Off

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