DKE Private Client

By Michael Hartley CFP® | Protect Your Personal Wealth System

This Week In Credit Card News: How The Fed Rate Hike Hurts You; Financially Helping Your Grown Kids?

<i>How The Fed Interest Rate Hike Could Affect Your Wallet</i><p>Monthly payments on credit cards, adjustable-rate mortgages and home equity lines are expected to increase after the Federal Reserve lifted its benchmark short-term interest Wednesday for the third time in 2017. The Fed lifted its federal funds …

Banking

Why Net Neutrality Was Repealed and How It Affects You

The Federal Communications Commission voted on Thursday to repeal Obama-era net neutrality rules, which required internet service providers to offer equal access to all web content without charging consumers for higher-quality delivery or giving preferential treatment to certain websites.<p>The vote …

Net Neutrality

How to Reclaim Your Digital Privacy From Online Tracking

<i>In our new series</i> Getting It<i>, we’ll give you all you need to know to get started with and excel at a wide range of technology, both on and offline.</i> …

Privacy

The Most Successful Kids Have Parents Who Give Them These 10 Things

See if you're forgetting to give your kids any of these (non-material) things.<p>Think about someone who made you believe in yourself -- someone who saw more in you than you believed was possible.<p>How did they inspire you to stop settling and start reaching for what is possible?<p>They gave: Generously, …

Self-improvement

9 money mistakes to avoid in your 40s

Your 20s were all about setting up your financial foundation and establishing good habits. Your 30s were about life changes like getting married, having kids, and building your career.<p>In your 40s, everything is amplified even more. You've got growing kids and aging parents — and what you <i>don't</i> have …

Personal Finance

How to Keep Your Kids Safe Online

Let’s face it: the internet can be a nasty place. Between predators, malware, explicit content, and other bad actors, parents can find themselves in …

Parenting

Security: Making yourself a hard target for hackers is easier than you think

Even following the most basic advice can provide a barrier to stop hackers and cyber attacks.<p>We seem to be in the grip of a data breach epidemic. …

Cybersecurity

13 ways the tax bills would affect people: Senate and House differ on key points

The tax overhaul bills passed by the Senate and House would likely to change your tax return in ways large and small -- which credits you can take, what you can deduct, how much you pay.<p>But they differ on key points. You'll be hearing a lot about those differences in the days ahead. The Senate and …

Personal Finance

10 ways to live below your means without feeling deprived

Spending less than you earn is one sure path to financial security. But that doesn’t have to mean a spartan lifestyle. You can still enjoy yourself while living small.<p>Having a financial buffer makes you the boss of your money, instead of someone who scrambles until payday. It gives you the power to …

Personal Finance

Roth IRA Contribution Limits in 2018 -- and How to Work Around Them

This strategy could be a winner in the coming year.<p>Few investments let you enjoy tax-free growth, but Roth IRAs are one of the most popular as well …

Retirement

How the US Federal Reserve sets interest rates

<b>With so much of politics, economics, culture - not to mention every other facet of human existence - taking place online, it is startling to realise that such a loose and baggy concept as the "centre of the global economy," can actually be located somewhere real: in a particular grey stone building</b> …

Economy

Your Health Records Don't Belong To You. It's Time You Demand Them!

<i>By Nicole Fisher and Jessica Carges</i><p>Despite years of rhetoric, patients have never really been at the center of the health care universe ― at least not since the introduction of electronic health records (EHR). And this has become increasingly obvious in the fight for access and control of patient …

Medical Technology

Retirement savings tips: 401(k) vs IRA

As the end of the year approaches and investors begin to take stock of their savings, one consideration they may want to take into account is how they should allocate money across 401(k) and IRA plans.<p>In a traditional, employer-sponsored 401(k) plan, employees can contribute tax-deferred money that …

Retirement

Here's How Your Social Security Benefits Are Calculated

The method for figuring your Social Security benefits is a bit complicated, but it's not hard to understand.<p>Ever wonder where the benefit amounts …

Social Security

How Does Medicare Part A Work?

Medicare Part A is one of the two types of Original Medicare. Since nearly all retirees have this coverage, it's important to understand how it works.<p>…

Medicare

Why renting can be better than owning and how many households have ‘negative’ wealth

Happy Friday, MarketWatchers! We’re headed into the weekend. Here are your top stories in personal finance.<p>Personal FinanceRenting is better than …

Sherrod Brown

How to Teach Kids About Investing in 4 Simple Steps

Teaching kids how to invest is important because knowing how to invest wisely is an incredibly valuable skill to have. That’s why it’s so important …

5 Details Your Financial Adviser May Be Ignoring

All financial advisers are not created equal. And all financial advice — including advice recommended by top economists and financial experts — may …

Retirement

Don't Make The Estate Planning Mistake This Financial Planner Almost Did

When my kids were little—ages 2 and 4—I left my husband. As most divorcing couples do, we divided up our assets. Since our individual IRAs held similar amounts, I kept mine and he kept his. At that time, I listed my father as the beneficiary so he could take care of things, since my children were …

Retirement

Account takeover fraud is rising fast: How to protect yourself

While there are many advantages to living in a digital world, the connected life also has its drawbacks.<p>One of the biggest disadvantages is that it gives fraudsters numerous opportunities to gain access to our personal identification. Last year alone, 15.4 million consumers were the victims of …

Identity Theft

Expect These 8 People to Check Your Credit Report

Your credit report contains a lot of information about your payment habits that many businesses use to decide whether to do business with you and how …

Determine

403(b) Plan Contribution Limits in 2018

Some employees can use these retirement plans to save and invest.<p>Most workers have heard of 401(k) plans and their usefulness in saving toward …

Retirement

The 2 Words That Could Cost Medicare Beneficiaries Everything

Are your life savings and legacy at risk?<p>Medicare provides health insurance for more than 55 million people who are 65 or older, or who are disabled. …

Medicare

GOP aims to kill the estate tax: What it means for you

Under the GOP’s proposed tax law, the estate tax exemption will be doubled over the near-term, up from $5.49 million currently for individuals and nearly $11 million for married couples.<p>After six years, the GOP plans to eliminate the tax entirely.<p><b>Here’s what that means for taxpayers:</b><p>In 2017, there …

Retirement

The Common Traps of Working in Your Family’s Business

“What’s wrong — is the company going bankrupt? Are we being sold?”<p>For Charlie, who had joined his family’s bakery business two years after getting his MBA and earning his stripes at another company, this question from the plant manager came out of the blue.<p>He was eager to earn his colleagues’ …

The Workplace

SHAQ: How spending $1 million in one day changed my financial strategy forever

In 1992, the legendary NBA superstar Shaquille O'Neal (then only 20 years-old) made a financial mistake that forever changed the way he handled his money.<p>Shaq stopped by Business Insider to talk about his collaboration with home security technology company Ring, to raise awareness about how …

Consider $2M: The Cost of Long Term Care For One Aging Parent

Every year since 2004, private long term care insurer, Genworth has conducted a national survey to determine the average costs of care at home, and in facilities. The data is broken down by states and one can find the 2017 results here. The bottom line: the cost of care is rising significantly in …

Retirement

The Pros and Cons of a Roth IRA

In the world of retirement accounts, Roth IRAs are the favored child. What’s not to love about totally tax-free growth on your retirement savings? …

How to start taming your budget-busting bills

<i>Do you have a hard time paying your bills because you spend more than you make each month? Would you like to cut your monthly costs and free up your money for better uses, like saving for retirement, paying for college or going on a much-needed vacation We can help.</i><p><i>USA TODAY is launching a weekly</i> …

Budgeting