Canter Wealth

Last month, Canter Wealth Advisor, Jim Mellon CFP joined forces with Just in Time for Foster Youth to provide a financial wellness workshop. This organization works with foster youth leaving the Juvenile Court system without essential family support. Their mission: that every youth leaving the foster care system would have a community of caring adults waiting for them after 18 so they can thrive and enjoy productive and satisfying lives. The organization provides counseling..., housing opportunities, essential items that have been donated such as furniture and grocery items, and educational opportunities. "I wanted to be a part of this organization because I want to give back to the community. I worked my way through college and did not have financial support as a young adult, but I did have a family that I was always able to lean on for emotional support and direction. I can not imagine the challenges that these young adults are facing, and I wanted to do my part to be of service in any way possible." - Jim Mellon CFP

There are several very low cost, or even free, online services available to draft documents commonly used during estate planning, such as wills, trusts, durable powers of attorney and healthcare proxies. These online services, as presented, seem to be a very good alternative for most people. So, are the benefits of using an estate planning advisor worth the expense? Learn more below.

Many people are taking time during COVID-19 to update their power of attorney. If you can locate yours, you may discover that it is many years old. Just because it is old does not make it invalid, but it may mean that the person you name in it may encounter difficulty using it if needed. Click the link below for more information.

The FASFA is now available to file. The pool of funds available for financial aid is limited, and many colleges and universities rely on application data to determine who gets a share of the money. The result is that students are awarded on a first-come, first served basis. Learn more at the link below.

There is mounting concern that Social Security will not be able to provide scheduled benefits past 2035. Social Security expert, Dennis McRoberts, gives his two cents on the future of the program during a live Q&A. McRoberts will share what changes are needed to keep Social Security alive, along with important claiming strategies he’s learned over his thirty-two years working at the Social Security Administration (SSA). Register today: https://bit.ly/35gh664

There tends to be a lot of excitement in the air as one approaches retirement. Contemplating how to spend one’s golden years represents the culmination of decades of hard work and the ability to enjoy the fruits of one’s labor. While the enthusiasm is warranted, it’s also crucial to make some important financial planning decisions before the fun begins. Click the link below for 5 Crucial planning steps to take before you retire.

In the past, the magazine Private Wealth found that high percentage of estate plans failed to meet goals. Learn how to potentially avoid failures below.

The coronavirus pandemic is causing many older workers who’ve lost jobs or been offered early retirement severance packages to decide to pack it in. But taking early retirement can throw a monkey wrench into your future financial security. That’s why it’s vital to be cautious before doing it. Read more below.

The current recession shows an odd pattern among older workers. Unlike in prior recessions, the unemployment rate is higher among older workers than among younger ones. Many keep looking for work, because they have little or no savings, when in the past they would have retired. Learn more about the current trends below.

As COVID-19 continues to impact global markets, personal lives, and retirement plans, retirement education is needed now as much as ever. We updated the course material to help you navigate these turbulent times. In addition to the regular course topics below, you will also learn: How the CARES Act impacts you... What to do in bear markets Asset protection strategies How to take advantage of new tax rules before they expire How to address your stock & bond allocation during volatile markets Enroll today at taxesandretirement.com

The pandemic and its economic impact are dramatically disrupting the retirement plans and preparations of Americans. Learn more about the impact below.

When the markets have been seesawing up and down and the short-term outlook is uncertain, it can be even more tempting than usual to watch what successful investors do. Click below to learn about the two smart moves investors are making during the pandemic.

On June 23rd, the IRS released Guidance on Waiver of 2020 Required Minimum Distributions", which aims to benefit individuals who may have run into problems when trying to roll back unwanted 2020 RMDs. Click the link below for more information.