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Tuesday, April 9, 2024

If you and your parents are thinking about having you either purchase or inherit your parent’s home, there are many factors to consider.

Monday, April 8, 2024

A significant change will benefit FAFSA applicants who receive money to pay for college from grandparents or other friends and family members.

Monday, March 25, 2024

Do you believe you have more money in your Traditional IRA and 401(k) plan accounts than you'll really need to live on during retirement? Are you worried that required withdrawals could move you into an undesirable tax bracket? Would...

Monday, March 18, 2024

There's a relatively simple way to calculate annual Required Minimum Distributions (RMDs). But it doesn't work for everyone.

Monday, March 4, 2024

Whether you’re earning extra money from freelance jobs or you’re embracing the gig economy full time, you’re responsible for managing self-employed tax obligations.

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Monday, March 4, 2024

If you haven't received 1099 forms from freelance clients or online marketplaces, you may need to find them on your own to complete your 2023 tax returns.

Monday, February 26, 2024

If you must take Required Minimum Distributions (RMDs) from your IRA, Qualified Charitable Deductions may help offset their taxable impact.

Monday, February 5, 2024

The Medicare Advantage Open Enrollment Period, which begins on January 1 and ends at the end of March, gives you an opportunity to change your coverage.

Monday, February 5, 2024

Many people think that purchasing long-term care insurance offers the best way to protect against these potentially catastrophic costs. But other options may be available.

Monday, February 5, 2024

If your insurance company won't pay to repair home-related damage, you may get relief from an unexpected source: the IRS.

Monday, February 5, 2024

View Canby Financial's 10 most popular News & Insights articles of 2023.

Tuesday, January 16, 2024

After an up and down first ten months of 2023, investment markets soared in November and December. Will this continue in 2024?

Tuesday, January 2, 2024

Starting in 2024, college graduates may be able to roll over "leftover" 529 College Savings Plan money into a Roth IRA tax and penalty free. But there are catches.

Tuesday, January 2, 2024

Should you consolidate your retirement assets into a single account--or keep them where they are?

Tuesday, December 19, 2023

Rising IRS income thresholds may reduce what many taxpayers will owe to Uncle Sam in 2023.

Thursday, December 7, 2023

More than ever before, people want their financial planning and investing priorities to align with their personal values.

Thursday, December 7, 2023

As we progress through our lives, each stage has different financial challenges and opportunities

Tuesday, December 5, 2023

Canby Financial's youngest advisor discusses how he's planning to address his own financial challenges as a new homeowner and soon-to-be-parent.

Tuesday, December 5, 2023

Times and technology change, but people's financial worries are the same today as they were 25 years ago.

Thursday, November 9, 2023

Learn why every November Canby Financial advisor and partner Dan Flanagan "grows a mo" to raise awareness of men's health issues.

Tuesday, November 7, 2023

Those who want to save more for retirement will be glad to know that the IRS is raising 2024 contribution limits for retirement plans, IRAs and other accounts.

Tuesday, November 7, 2023

With persistent inflation continuing to erode the purchasing power of seniors, the Social Security Administration giving recipients a significant cost of living adjustment (COLA) for 2024.  

Tuesday, November 7, 2023

With interest rates for mortgages and other loans the highest they’ve been in years, managing debt wisely is a key component of healthy and effective financial planning.

Monday, October 16, 2023

After a solid first seven months of 2023, investment markets retreated in August and September.

Monday, October 9, 2023

How to create a plan to help you navigate unexpected financial challenges.

Monday, October 9, 2023

How much do you really know about Medicare's enrollment rules and deadlines?

Monday, October 9, 2023

If you're left a trail of employer retirement plan accounts behind, now may be a good time to bring them together.

Tuesday, September 5, 2023

The IRS has given highly paid retirement plan participants two more years to make pre-tax and/or Roth catch-up contributions.

Tuesday, September 5, 2023

Your annual income level could subject you to two additional Medicare-related taxes.

Tuesday, September 5, 2023

The IRS’s kiddie tax limits parents’ ability to reduce their own taxes by transferring income-generating assets to their children.

Tuesday, September 5, 2023

Beyond grants and scholarships, the federal government offers several kinds of educational tax benefits you may not be aware of.

Thursday, August 3, 2023

If you need medical care in another country, you don’t want to be on the hook for the full expense if you can avoid it.

Thursday, August 3, 2023

Retiring in your 50s is an attractive goal. But is it realistic?

Thursday, August 3, 2023

You may be surprised to learn why many retirees choose to go back to work.

Thursday, July 6, 2023

It may not feel like it, but a new bull market for stocks began in October 2022. Will it continue?

Wednesday, July 5, 2023

It may be unpleasant to think about, but planning and prepaying for your own funeral and interment can remove this burden from the shoulders of your spouse and children.

Wednesday, July 5, 2023

With check fraud becoming rampant, it may be time to erase your check-paper trail.

Wednesday, July 5, 2023

If you’re planning on hiring someone to help you around the house, you need to know what you're financially responsible for.

Monday, June 5, 2023

While you should keep some crucial financial documents, you can probably get rid of many that are simply taking up space.

Monday, June 5, 2023

Add fake voice mails to the list of smartphone scams that affect millions of Americans each year.

Monday, June 5, 2023

It's important to identify and correct these errors before applying for jobs, insurance, mortgages, car loans or credit cards.

Monday, May 8, 2023

There’s no safer place to deposit or invest money than with FDIC-insured banks and SIPC-insured brokerage companies.

Monday, May 8, 2023

There’s a lot you need to know before you click-and-pay.

Monday, May 8, 2023

Before your first meeting with an estate planning attorney it’s important for them to have an in-depth understanding of your entire financial life and family situation.

Tuesday, April 11, 2023

Investors are anticipating the end of the US Federal Reserve Bank’s interest rate hikes as inflation declines from the 40-year highs experienced in 2022. 

Monday, April 3, 2023

A good way to ease kids into discussing saving is to gear it toward addressing that universal question, “What’s in it for me?”

Monday, April 3, 2023

Each option needs to be evaluated in light of your financial and family circumstances and expected longevity.

Monday, April 3, 2023

Before asking someone to serve as executor, consider the time involved, the scope of duties, and the burden the role may impose.

Monday, March 6, 2023

Making beneficiary-related mistakes can lead to unexpected taxes or penalties and even disinherited beneficiaries.

Monday, March 6, 2023

Last year, 8 million people reported tax-related fraud activities. Here are steps you can take to avoid becoming a victim.

Monday, March 6, 2023

To avoid future battles over finances, it’s smart to put all your cards on the table before you formally tie the knot.

Thursday, February 9, 2023

Find out when key provisions of this landmark retirement legislation will be available to retirement savers and retirees.

Tuesday, February 7, 2023

For those under 59½ facing unforeseen financial hardships, SECURE 2.0 provides more scenarios where penalty free withdrawals can be made.

Tuesday, February 7, 2023

Some of SECURE 2.0's most unique provisions are aimed at “catch-up contributors.”

Monday, February 6, 2023

You may be able to delay taking RMDs until you're 73 or 75--and new Roth 401(k) rules won't require you to take them at all.

Monday, February 6, 2023

SECURE 2.0 offers unique features for those who are either struggling to pay off student loans or have leftover money in the 529 College Savings Plan.

Tuesday, January 3, 2023

Even with so many unknown economic and market factors, there are still things you’ll want to think about this year.

Tuesday, January 3, 2023

There are a number of measures you can take right now to lower your energy usage that require very little or no money at all.

Tuesday, December 6, 2022

There are some nuggets of good news on the horizon for those who are finding it a little harder to make ends meet or those who want to reduce their taxable income next year.

Tuesday, December 6, 2022

While it may be tempting to push money concerns to the back burner, there are immediate financial tasks you’ll need to navigate.

Thursday, November 10, 2022

Investing IRA assets directly in real estate or using assets to fund a startup business may seem attractive alternatives, but carry numerous risks.

Monday, October 17, 2022

A recent ursine visitor to my home inspired some unique lessons that may be relevant to nervous investors during this year of unsettling market downturns.

Friday, October 7, 2022

Unhappy with your current Medicare coverage? Here's what you can do during Medicare's fall enrollment period.

Tuesday, September 27, 2022

Take estate planning steps now to ensure that your wealth is distributed to your children and your spouse according to your wishes.

Tuesday, September 27, 2022

If you recently learned that you are a beneficiary of a deceased relative’s trust, you need to understand your rights and know what to expect.

Tuesday, September 6, 2022

If you store information digitally, you’ll need to make sure your executor or personal representative can access everything they need to gather and safeguard your assets.

Tuesday, September 6, 2022

While the Biden administration's student debt relief provisions haven’t been finalized, it’s still worth understanding what they are.

Tuesday, September 6, 2022

Series I Savings Bonds offer interest rates that adjust with inflation.

Tuesday, August 9, 2022

For business owners who want to maximize their retirement contributions and reduce their taxable income, an individual 401(k) plan may be an attractive option.

Tuesday, August 9, 2022

If you have appreciated company stock in your 401(k) plan, you can avoid being hit with a huge tax bill when you decide to withdraw that stock from your plan. 

Tuesday, August 9, 2022

If your jewelry, fine art, electronics, medical devices, musical instruments or antiques get stolen or destroyed in a fire or flood, how much will your insurance company pay to replace them?

Tuesday, July 5, 2022

If you’re still working at age 72 or older here's why you may not have to take RMDs from your 401(k) plan.

Tuesday, July 5, 2022

Appealing and potentially winning a lower assessment could potentially save hundreds or even thousands of dollars annually in future taxes.

Tuesday, June 7, 2022

Whether your high school graduate will attend college in the fall or your recent college graduate is embarking on a career, it’s important for them to learn how to manage money responsibly.

Tuesday, June 7, 2022

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two?

Tuesday, June 7, 2022

Student loans, grants and work study will only pay for a certain percentage of their annual expenses. The rest will have to come from you.

Monday, May 9, 2022

Make sure your smartphone is thoroughly protected from prying eyes and hands. 

Monday, May 9, 2022

If you owed federal income taxes in 2021, your employer’s benefits program may help you reduce your taxable income and improve your quality of life.

Monday, May 9, 2022

As excited as you may be about moving on to a new job, it’s important to first tie up loose ends at your old one.

Monday, May 9, 2022

Many owners are wary of the tax implications of selling concentrated stock positions. However, sometimes the simplest solution can produce the best result.

Monday, April 4, 2022

If you never thought you needed insurance, just ask yourself: Would your death put your family’s financial security at risk?

Thursday, March 24, 2022

Dan Flanagan, Eric Kristenson and David Jaeger provide their recommendations for books, apps and websites to help families increase their knowledge of personal finance and investing. 

Monday, March 14, 2022

The risks are real, but so are the opportunities.

Monday, March 7, 2022

Before you click the “donate” button on any charity's web site, look for these red flags.

Monday, March 7, 2022

Under certain circumstances, your monthly Social Security check could be significantly reduced if you’re also getting monthly state or local pension benefits.

Thursday, February 10, 2022

If you participate in a company sponsored retirement plan, it's always a worthwhile practice to review your account at least once a year.

Thursday, February 3, 2022

The earlier you file, the earlier you'll receive any refunds you're entitled to.

Thursday, February 3, 2022

Is your current Medicare Advantage plan giving you "buyer's remorse"? You're in luck because during Medicare’s Open Enrollment season you can make changes in certain situations.

Tuesday, January 4, 2022

New IRS distribution period adjustments starting in 2022 will enable you to take a lower percentage of your IRA and 401(k) account assets as RMDs.

Tuesday, January 4, 2022

The sooner they see the benefits of saving for retirement in terms of dollars and cents, they’re more likely to get on board.

Monday, January 3, 2022

Until the past decade or so, most employer healthcare plans covered the majority of employees’ medical costs. Not anymore.

Thursday, December 9, 2021

An important part of year-end tax planning is understanding how mutual fund distributions and capital gains are taxed.

Monday, December 6, 2021

How do you know if a seemingly attractive offer you've received fits your needs both today and down the road?

Thursday, December 2, 2021

Having an updated and comprehensive will is the first step in making sure the probate process goes smoothly after you pass on.

Monday, November 29, 2021

More than 700,000 people fell victim to phone, email and text-based Social Security scams in 2020. Don't be one of them.

Monday, November 8, 2021

Now is a good time to start thinking about important decisions you may need to make about your financial plan.

Monday, November 8, 2021

It's about creating your vision of a better world and developing an action plan to make it a reality.

Tuesday, October 19, 2021

The annual cost-of-living adjustment (COLA) will rise by 5.9% starting in January 2022, But Medicare premiums may consume a good portion of it.

Thursday, October 7, 2021

Use this checklist as a starting point to keep your estate plan in good shape.

Thursday, October 7, 2021

How much debt you’ve accumulated—and how efficient you are at paying it off—are the main factors that determine your credit score.

Tuesday, October 5, 2021

The rules for splitting accounts are unique to each type of retirement account.

Wednesday, September 8, 2021

As the Medicare enrollment period approaches, it’s best to map out a plan ahead of time to avoid making poor decisions.

Wednesday, September 8, 2021

If you want a clearer vision of how financial realities may impact your retirement dreams, start asking yourself key questions today.

Monday, August 9, 2021

Yours may be one of 35 million tax returns awaiting processing.

Monday, August 9, 2021

If you feel financially unprepared for the breakup of your marriage, you’re not alone.

Monday, August 9, 2021

Roth 401(k)s offer similar benefits as Roth IRAs. But there are important differences.

Tuesday, July 6, 2021

After two years of decreases, interest rates on subsidized and unsubsidized federal student loans are set to increase nearly 1%.

Tuesday, July 6, 2021

The longer you wait to claim your benefits, the larger your monthly payment will be.

Tuesday, June 22, 2021

A new brokerage account for teenagers may help them learn how to become responsible investors.

Tuesday, June 22, 2021

There are many rollover-related rules, and some of them can be quite complicated.

Tuesday, June 22, 2021

For certain people it may accomplish a number of estate objectives, but may not be appropriate for everyone.

Tuesday, May 11, 2021

Figuring out where one program leaves off and another begins can be a challenge.

Tuesday, May 11, 2021

If you’re the parent of a special needs child, it’s vital to ensure that your child will continue to be provided for after you’re gone.

Tuesday, May 11, 2021

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.

Tuesday, April 13, 2021

Did you know that the credit score provided to you may be different than the one provided to lenders?

Tuesday, April 13, 2021

Unfortunately, even the deceased can’t escape taxation.

Thursday, April 1, 2021

There are many ways to teach your children good money sense. The key is to have your children learn by doing.

Monday, March 22, 2021

Once investors start participating in a 401(k) plan or contributing to an IRA, they sometimes make mistakes that can throw their retirement plans into disarray.

Monday, March 22, 2021

It's important for for both spouses to try to contribute toward their own retirement. But as a non-working spouse, your options are limited. But there is one tool you should know about: The "spousal IRA."

Monday, March 22, 2021

As you approach your initial Medicare enrollment period, which begins three months before your 65th birthday, you may be wondering if you need to sign up if you or your spouse continue to work and have employer-provided coverage.

Thursday, February 18, 2021

In an investor education article on Forbes.com, Joelle Spear is quoted explaining the differences between a market correction and a bear market and how investors should resist impulsive actions during these events.

Tuesday, February 9, 2021

The GameStop saga was fun to follow. But should you personally feel worried by it? No.

Tuesday, February 9, 2021

How do you report your investment dividends and gains and how are they taxed?

Saturday, January 9, 2021

Unlike most traditional self-directed online brokers, many of these new apps make it easy for novices to get in over their heads and underwater.

Wednesday, January 6, 2021

There are a number of steps you can take right now to make sure that your financial life is in good order.

Tuesday, January 5, 2021

As an organization, Canby Financial has adapted and grown to become a trusted resource for hundreds of families and small businesses.

Monday, January 4, 2021

Doing nothing to plan for end-of-life events could result in a loss of control over your own affairs and confusion for your loved ones.

Monday, December 28, 2020

Dan offers his unique perspective on taxes to a couple considering giving their home to their children.

Tuesday, December 8, 2020

The "backdoor" strategy offers a way for high earners to contribute to a Roth IRA.

Monday, December 7, 2020

As effective as trusts can be in managing assets, they can be completely ineffective if not properly funded.

Monday, December 7, 2020

These true or false questions can help you understand how much eldercare costs, and how you can arrange for it when it is needed.

Tuesday, November 24, 2020

Joelle explains how COViD-19 spending reductions are helping Americans save more for major purchases.

Monday, November 23, 2020

Joelle offers advice for potential mortgage refinancers.

Tuesday, November 3, 2020

The financial aid equation has many moving parts.

Friday, October 9, 2020

The article discusses how savings benchmarks change at different lifestages.

Tuesday, October 6, 2020

An endowment fund is just one of several ways you can permanently support a charitable organization.

Tuesday, October 6, 2020

While there are more important matters to deal with after the death of a loved one, someone needs to delete the deceased’s online accounts.

Monday, September 14, 2020

While each can help in the distribution of assets at death, there are important differences between the two.

Tuesday, August 11, 2020

In 26 states, children may be financially responsible for certain debts of their parents, including nursing home costs.

Tuesday, August 11, 2020

Historically low mortgage interest rates are making many homeowners think about refinancing. But it's important to look beyond the numbers.

Monday, July 20, 2020

Dan discusses opportunities and challenges posed by the aftermath of the COVID-19 crisis.

Thursday, July 9, 2020

When events cause a portfolio to hold a larger portion of certain securities or asset classes than specified in the investor’s target asset allocation. it can raise the overall risk level.

Tuesday, July 7, 2020

It's important to learn how to avoid impulsive actions that could harm your financial security over the long run.

Tuesday, June 9, 2020

If you or someone you know is unemployed or has accepted an early retirement offer, it’s important to know what healthcare options may be available.

Tuesday, June 9, 2020

To reap the tax-free distribution benefits of Roth IRA and 401(k) accounts when you turn 591/2 or older, you need to wait five years.

Tuesday, June 9, 2020

With the COVID-19 pandemic keeping many employees working remotely, their tax situation--and yours--may become increasingly complex.

Thursday, April 9, 2020

Selling stocks at a loss may help you lower your taxes for years to come.

Thursday, March 5, 2020

As painful as this process may be, there will be a number of important steps you'll need to take to remain financially secure and independent.

Thursday, March 5, 2020

Confused by cryptic phrases like "falling yields" and "rising interest rates"? Here’s a refresher course on how the bond market works.

Thursday, February 6, 2020

Explore some common-sense ways to safeguard your financial information at home and online from fraud and identity theft.

Thursday, February 6, 2020

This retirement tool can help valued employees save money in amounts greater than what could be set aside in a typical retirement plan.

Thursday, February 6, 2020

Why it’s important to gradually sever your adult children's monetary apron strings.

Thursday, February 6, 2020

Once you hit this milestone you may be able to contribute up to $6,500 more to your retirement plan every year.

Monday, January 13, 2020

Although commonly associated with multimillion-dollar offshore trusts, asset protection planning takes many forms, for every type of individual.

Thursday, January 9, 2020

In general, the only people who have to worry about gift taxes are the so-called “one percenters.”

Thursday, December 5, 2019

If you’ve been thinking about hiring in-home help, whether it’s a nanny, housekeeper, maid, driver, personal chef, gardener or someone else, learn from my experiences in becoming a newly minted household employer.

Thursday, December 5, 2019

Choosing whether to give directly or whether to use one or more charitable giving vehicles (or a combination of both) should reflect your giving style, your tax situation, and your legacy planning priorities.

Monday, October 14, 2019

How can you balance the responsibilities of raising your own children while also serving as caregivers to your parents?

Monday, October 14, 2019

Beware of online scammers posing as AppleCare technical support specialists who offer to "fix" your frozen MacBook or iMac or iPhone.

Monday, September 9, 2019

While you can't always prevent identity theft, you can proactively keep people from accessing your Social Security record online.

Friday, August 9, 2019

Restoring your targeted asset mix at least once a year is critical to keeping your investment strategy on track.

Tuesday, August 6, 2019

Anyone can change your mailing address, putting your financial security at risk. How can you protect against this growing identity theft threat?

Thursday, June 6, 2019

A $100 investment every five years can dramatically reduce the time you spend waiting in line at the airport when you travel overseas.

Thursday, May 9, 2019

Beginning October 1, 2021, you'll want to present a REAL ID-compliant state driver's license when you travel by air.

Thursday, May 9, 2019

As your parents age, they may be more susceptible to fraud and less able to deal with their financial challenges. How can you help?

Tuesday, March 19, 2019

Whether you're running an online auction house on eBay or cashing in on inherited antiques, it's important to know if your profits are taxable.

Tuesday, March 5, 2019

Increased cash flow and tax benefits are attractive reasons to own rental properties. But make sure you understand what's involved.

Friday, January 11, 2019

Think of yourself as CEO of a monetary workforce which has a variety of different jobs.

Monday, November 5, 2018

Restricted Stock Units (RSUs) are an employer benefit you shouldn't take for granted. Here's what you need to know about them.

Monday, August 6, 2018

You don't have to have the wealth of Warren Buffett or Melinda Gates to identify and act on your philanthropic passions and priorities.

Tuesday, July 10, 2018

CFP®. CRPS®. AEP®. Learn what these and other industry designations mean and why they matter.

Monday, June 11, 2018

You don’t need to turn your home into a fortress to keep your personal information safe.

Monday, June 4, 2018

Can you invest with companies or industry sectors that align with your moral values without sacrificing potential returns? The answer is "Yes."