Financial Planning Insights Archives

Protecting Your Legacy: Essential Estate Planning Documents

Estate planning is crucial for ensuring your assets are distributed according to your wishes and minimizing potential financial burdens on your loved ones. This blog post will explore essential estate planning documents that can help protect your legacy. Estate Planning Documents Will Living Trust Durable Power of Attorney Healthcare Power of Attorney (HCPOA) Living Will […]

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Understanding Tax-Advantaged Retirement Accounts

Financial Planning Insights, Retirement, Tax Tips and Strategies / Pryor Financial

Tax-advantaged retirement accounts offer significant benefits for saving and investing for retirement. By understanding the different types of accounts and their features, you can make informed decisions about your retirement planning. Traditional vs. Roth IRAs Key Factors to Consider: 401(k) Plan Basics Choosing the Right Tax-Advantaged Account for Your Goals The best retirement account for

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VOTE: How this Presidential Election may affect your paycheck!

Leave a Comment / Financial Planning Insights / Pryor Financial

The outcome of a presidential election can have various impacts on your paycheck, depending on several factors: Tax Policies: Different candidates often have different tax proposals. Changes in income tax rates, deductions, or credits can directly affect your take-home pay. Minimum Wage Laws: If the elected president supports raising the federal minimum wage, this could

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How Federal Interest Rates are Affecting Your Money

Leave a Comment / Financial Planning Insights, Investment Strategies, Real Estate Insights / Pryor Financial

Federal interest rates, set by the Federal Reserve, play a crucial role in shaping the economic landscape of the United States. These rates have a significant impact on various aspects of personal finance, influencing borrowing costs, savings returns, and investment opportunities. Understanding how interest rates affect your financial decisions is crucial for making informed choices

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Can Uncle Sam afford the US? Debt vs. Deficit - Pryor Financial Services

Can Uncle Sam afford the US? National Debt vs. National Deficit

Leave a Comment / Build Wealth, Financial Planning Insights, Treasury / Pryor Financial

In discussions about the economy, terms like “national debt” and “national deficit” often come up, but they refer to different concepts. Understanding these terms is crucial for grasping how government finance works and the implications for the economy. Here’s a breakdown of each term and how they differ.

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