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Financial Professional

Choosing an Entity for Your Business

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Financial advisor guiding a small business owner through the process of choosing the right business structure.

Now that you’ve decided to start a new business or buy an existing one, you need to consider the form of business entity that’s appropriate for you. Basically, three separate categories of entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It’s also possible to operate your business as a sole proprietorship without organizing as a separate business entity.

Employer Open Enrollment: Make Benefit Choices That Work for You

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Employee reviewing health insurance options during open enrollment at work.

According to the Kaiser Family Foundation, the average cost of health coverage for a family of four was $25,572 in 2024. While employers contributed the lion’s share, $6,296 of that amount was paid by employees. Employees have largely been spared from painful premium hikes over the last few years, but 2026 is likely to be a different story.1

New “No Tax on Tips” Deduction Explained

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A smiling restaurant server holding a tip jar, representing the new no-tax-on-tips deduction for service workers.

With the enactment of the OBBBA in July 2025, a new deduction for tips is effective for tax years 2025 through 2028. Here is a summary of the new provision and the occupations that will be affected.

Mandatory Roth Catch-Up Contributions Begin in 2026

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Team of financial professionals reviewing retirement strategies ahead of the 2026 start of Mandatory Roth Catch-Up Contributions.

For nearly a quarter century, employers have been able to offer their retirement savings plan participants age 50 and older a valuable opportunity — the chance to make additional catch-up contributions to their plan.1 Thanks to the SECURE 2.0 Act passed in 2022, that opportunity became even more valuable: Employers may now allow plan participants age 60 to 63 to contribute even more than their other catch-up eligible peers through “super catch-ups.”

Understanding the New Trump Accounts

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Guide to the 2025 Trump Accounts and how they support children’s financial security

ith the enactment of the One Big Beautiful Bill Act in July 2025, Congress introduced a new class of tax-advantaged savings vehicles for minors known as Trump accounts. Here’s a breakdown of the key features.

Why Women Need Life Insurance

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Mother and child symbolizing financial security through women’s life insurance

Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration, outstanding debts, estate taxes, and the uninsured expenses of a final illness.

Planning for the Financial Impact of Children

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Children are a special blessing and their arrival brings boundless love and joy into our lives that you can’t put a price on. But adding a child to the household impacts the family budget in very measurable ways. Whether this is your first child or your fourth, here are some financial matters to think about and plan for before and after your child arrives.

Retirement Plan Considerations at Different Stages of Life

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Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. Whether you have just graduated and taken your first job, or are starting a family, enjoying your peak earning years, or preparing to retire, your employer-sponsored retirement plan can play a key role in your financial strategies.

Mining Maelstrom: Why Rare Earths Are Making Headlines

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Over the past several years, news reports have grown more intense about the precarious global supply of rare earth minerals. Yet outside scientific and national security arenas, many people may not fully understand the importance of rare earths. What are these mysterious materials and why are they receiving so much attention?