Wednesday, May 1, 2024

Small business owners face many challenges, which may become even more significant during inflation. As inflation hit new highs in recent years, small business owners are being tested and challenged by high costs and high interest...

Wednesday, May 1, 2024

A common piece of standard life insurance advice is to get it as early as possible — and there are good reasons why. If you're young and in relatively good health, purchasing a term life insurance policy is usually much cheaper than it...

Wednesday, May 1, 2024

To maintain good physical health, most people must exercise regularly, eat a balanced diet, and keep stress to a minimum. Achieving financial wellness is no different. It requires careful planning, smart decision-making, and consistent...

Wednesday, May 1, 2024

529 education savings plans allow families to put away money for their children's education without paying taxes on the earnings, as long as the withdrawals are used for qualified educational expenses and fall within the applicable...

Tuesday, April 2, 2024

If you hear the term HENRYs mentioned during a financial conversation, you may or may not be familiar with the fairly new acronym. It stands for “High Earners, Not Yet Rich,” or another way to describe them is “high earners with little...

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Monday, April 1, 2024

Most American workers who earn wage income and pay Social Security taxes via withholding receive Social Security benefits at some point in retirement. While the Social Security Administration has tried to make the process easier to...

Monday, April 1, 2024

Financial literacy is essential for your personal financial health and even more crucial for the financial health of your small business. Being a small business owner comes with many responsibilities, one of which is maintaining the...

Monday, April 1, 2024

A 2022 Gallup Poll found that 58% of all adult Americans own stock. The top 1% owns more than half the total amount invested among those who own stock. 1 Making investing possible for your children, nieces, nephews and other loved ones...

Friday, March 1, 2024

Regardless of the stage of life, your credit score is an essential component of your financial health when you're in retirement. A consistently strong credit score can pave the way for greater confidence, easy loan access, and lower...

Friday, March 1, 2024

Many companies are pushing for a more diverse workforce with employees from all walks of life and ages. Greater diversity helps foster creativity and collaboration, which are essential to helping a company grow.

Friday, March 1, 2024

A strong relationship with your financial professional may be key in managing your finances, both now and in the future. Below, we discuss a few ways you may be able to make the most of your relationship with your financial professional.

Friday, March 1, 2024

With the introduction of the Affordable Care Act (ACA), many changes have occurred in the American healthcare system. One impacted sector is small businesses, which face numerous complexities and opportunities regarding health...

Thursday, February 1, 2024

Planning for early retirement is great, but planning for healthcare coverage at the same time is sometimes more difficult. Healthcare costs are high, and finding ways to bridge the gap between the age you retire and the time you are.

Thursday, February 1, 2024

Planning for retirement often involves focusing on your finances and ensuring that you not only will have enough to sustain you during your retirement but adequate funds to do the things you enjoy doing.

Thursday, February 1, 2024

Healthcare is one of the more difficult areas to navigate as you get closer to retirement. With so much focus on saving enough for retirement and ensuring that your investments will keep up with inflation, many people fail to square away.

Thursday, February 1, 2024

Parenthood is full of highs and lows. If you have children, you probably know firsthand what it feels like to be in debt. Because you know how debt feels and you love your children, you probably want to step in and relieve them.

Monday, January 1, 2024

What is an estate tax return? When you die, you will leave behind all your property (everything you own) and debts (everything you owe). All this is called your estate.

Monday, January 1, 2024

Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to...

Monday, January 1, 2024

As one approaches retirement, monitoring your financial situation by understanding your net worth and assessing the assets and resources needed to maintain a comfortable lifestyle throughout retirement is vital.

Monday, January 1, 2024

When you think of identity theft, you may think of unauthorized credit card payments or new lines of credit. However, tax identity theft is one of the most common types of identity theft — and it’s also the most common.

Friday, December 1, 2023

The holiday season is a time of joy and headaches, celebration, fatigue, and togetherness mixed with a few knock-down drag-out fights. On top of the emotional rollercoaster ride can come a big wallop of financial stress. From buying...

Friday, December 1, 2023

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. The benefits of DAFs extend beyond their primary...

Friday, December 1, 2023

When it comes to your estate plan, you don’t just have it drafted and put away until it is time for your loved ones to manage your lifetime of affairs. As your world changes year by year, it is critical that you review your...

Friday, December 1, 2023

After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount...

Wednesday, November 1, 2023

A trust is a legal vehicle that protects your assets that contains instructions for your assets when you die or become incapacitated. When you set up a trust, you transfer assets from your name into your trust's name while you still...

Wednesday, November 1, 2023

A 401(k) plan is one of the most popular and effective techniques for saving for your retirement. A company will automatically withdraw and contribute money from each paycheck to your 401(k) plan. Some employers will even match a...

Wednesday, November 1, 2023

As a business owner, putting all your profits back into the business may be tempting, especially during the lean years. However, when it comes to saving and investing as a business owner, there are other paths you could consider for...

Wednesday, November 1, 2023

Becoming a parent is a life-changing experience filled with joy, excitement, and new responsibilities. Amidst the preparations for welcoming your little one, it’s crucial to review and update your various insurance policies. This...

Sunday, October 1, 2023

For some people, the thought of using financial services is a scary experience. It involves planning for a future where you may not know how the economy may be, how your health may be, or what your financial needs might be.

Sunday, October 1, 2023

You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing. The adage "you can't save your way to wealth" is simplistic, but has a kernel of truth; putting your money in a savings

Sunday, October 1, 2023

In an increasingly paper-free society, organizing your financial documents can still be a challenge. No matter how simple or complex your financial picture might be, it takes some thought-out organization to keep your tax documents,...

Monday, September 11, 2023

With a few simple actions, you can ensure your estate planning is effective. Whether your estate plan is simple or complex, there are many details, which are often overlooked, that can undermine your plan’s effectiveness.

Friday, September 1, 2023

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity.

Friday, September 1, 2023

Medicare policies are the health insurance benefits you have worked toward throughout your life, and having the proper policy is critical as you are likely to face more health problems as you age.

Friday, September 1, 2023

Financial literacy is crucial, not only for adults but for everyone in the family. When you have a good foundation of financial literacy, you will have a greater understanding of money and prepare yourself for a brighter financial future.

Friday, September 1, 2023

Understanding the importance of life insurance is one thing. Understanding the tax rules is quite another.

Tuesday, August 1, 2023

Many investors still adhere to the old adage—"sell in May and go away"—while others remain fully invested even as the summer heat waves begin.

Tuesday, August 1, 2023

If you've been wondering how to optimize your finances and ensure your money continues to work for you, a financial professional may be able to help.

Tuesday, August 1, 2023

Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning?

Sunday, July 30, 2023

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices.

Tuesday, July 25, 2023

Social Security benefits are a major source of retirement income for most people. Your Social Security retirement benefit is based on the number of years you've been working and the amount you've earned. When you begin taking Social...

Tuesday, July 18, 2023

Your goals and priorities will probably change as you plan to retire. Along with them, your insurance needs may change as well. Retirement is typically a good time to review the different parts of your insurance program and make any...

Tuesday, July 11, 2023

Once you are in your 60s, you are likely to focus less on growing your retirement funds than answering, "When do I retire?" And once you crack open your nest egg, how should you allocate its contents? The answer often lies in a...

Thursday, July 6, 2023

Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share...

Tuesday, June 27, 2023

Navigating parenthood isn't always easy. But when it comes to helping adult children with their debt, there are steps you can take to be productive while avoiding potential pitfalls.

Tuesday, June 20, 2023

After spending so much of your life saving for retirement, it can be challenging to transition from depositing funds to withdrawing them. With some careful planning and ongoing maintenance, you can maintain your lifestyle.

Tuesday, June 13, 2023

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it?

Tuesday, June 6, 2023

Sometimes, 529 plans have unused funds after the beneficiary graduates or decides to discontinue their education. Whatever the reason for having unused 529 plan funds, here are five spending options to consider.

Tuesday, May 23, 2023

Medicare is a comprehensive health insurance program that covers a range of healthcare services, including hospital stays, doctor visits, preventive care, and prescription drugs. However, it does not cover all healthcare costs.

Tuesday, May 9, 2023

The thought of retiring may be intimidating for anyone—but if you own your own business, handing your "baby" to new owners might be enough to stop you in your tracks. What can you do to set your successor up for success?

Tuesday, May 2, 2023

Your life insurance needs depends on many factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals.

Tuesday, April 25, 2023

As you age, the question of when to collect Social Security (SS) retirement benefits will likely come to mind. There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take...

Tuesday, April 11, 2023

The SECURE 2.0 legislation included in the $1.7 trillion appropriations bill passed late last year builds on changes established by the original Setting Every Community Up for Retirement Enhancement Act (SECURE 1.0) enacted in 2019....

Monday, April 3, 2023

When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of...

Tuesday, March 28, 2023

Ah, Money. The word leaves you with a positive or a negative feeling when you hear it. The feeling we get from money, and investing, has deep roots inside our emotions, although we may not understand why. Behavioral science explains why we

Tuesday, March 21, 2023

Spring cleaning presents a great opportunity to clear out any items you no longer need—and the same goes for your finances. Checking in with your finances during tax season may be particularly beneficial, as it allows you to...

Tuesday, March 14, 2023

If you're thinking about working in retirement, you must consider a few things before making your decision. As you get older, the question of when to collect Social Security retirement benefits and how your monthly payment may be impacted b

Wednesday, March 8, 2023

When it comes to saving for retirement, women may have extra challenges, even those with a higher-than-average income. For retirement planning, CNBC reports that women save less than men. The pandemic worsened matters, with more than 2.3 mi

Tuesday, February 28, 2023

Retirement is a major transition point – as you go from saver to spenderIt's common for people who are retiring to set their retirement date in either the springtime or the early summer. If you happen to be one of those lucky...

Tuesday, February 21, 2023

Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...

Tuesday, February 21, 2023

With the signing of the SECURE Act 2.0 into law, both employees and employers can take advantage of more than 90 new provisions aimed at creating opportunities to create or modify workplace retirement plans and strategies.

Monday, February 13, 2023

What is business tax planning?When starting a business, you must consider a number of tax-related issues. Although business tax planning is a complicated area, it is essential to understand three major topics: tax consequences when the...

Thursday, February 9, 2023

The Super Bowl is more than just a game. It's an American holiday. As you prepare for this fun day, you may also want to think about how to create "big wins'' in your investment strategy. Get ready for Super Bowl Sunday by checking out...

Tuesday, January 31, 2023

When you hear the term identity theft, the first thought that comes to mind may involve a data breach or opening a credit card in someone else's name. But another common type of identity theft involves the use of someone's Social...

Tuesday, January 24, 2023

Even if you never thought of yourself as especially wealthy, there may be a fair chance that you fall into the category of "high net worth individuals"—those who have liquid assets of $1 million or more.1 For many individuals who...

Tuesday, January 17, 2023

Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...

Tuesday, January 10, 2023

A resolution for every month to help you work towards financial independenceCleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a...

Tuesday, December 27, 2022

If one of your New Year's resolutions involves enhancing and expanding your investment portfolio, look no further. In a true New Year's Eve countdown tradition, ask yourself these 10 questions to help review your investment plans...

Tuesday, December 20, 2022

With the holidays here, now is the time to get into the giving spirit and help to change others' lives for the better. Whether you are looking to make a difference in a specific person's life or the life of many, there are many ways to...

Tuesday, December 13, 2022

Washington State (WA) does not have an inheritance tax, but it does have an estate tax. An estate tax is a tax on your right to transfer property at your death. Estate tax accounts for everything the deceased owns or has specific...

Tuesday, December 6, 2022

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over...

Tuesday, November 29, 2022

According to, donations to nonprofits and community organizations totaled $2.7 billion on #GivingTuesday in 2021. Here is a list of things for you to think about as you consider your year-end charitable donations.

Tuesday, November 15, 2022

Life insurance can provide financial security for your family. However, if you don't plan appropriately, taxes can greatly reduce the life insurance benefits actually received by your family.

Tuesday, November 8, 2022

Scams can come in all forms, including online ads. When shopping online, go to retailer websites directly instead of clicking on links from ads. Use a credit card when purchasing to further protect yourself

Tuesday, November 1, 2022

There are many tax planning moves you can make before December 31 to reduce your owed taxes, but how do you know which ones are available to you? Here are five year-end tax planning questions you may want to ask your financial professional

Tuesday, October 25, 2022

How much do you really know about your employer-sponsored retirement savings plan? If you're like many people, you have some ideas about how your plan works that may or may not be entirely accurate.

Tuesday, October 11, 2022

When planning for your retirement, make sure to consider how your retirement income could be impacted by investment risk, inflation, taxes, and health-related expenses.

Wednesday, October 5, 2022

With the cost of long-term care (LTC) increasing year over year, considering how the costs of long-term LTC will impact your financial plan is essential. Here are three tips that may help make the cost of LTC more affordable.

Tuesday, October 4, 2022

Today’s families have a variety of concerns when it comes to finances. Whether your goal is to build or protect assets, it may be better to start sooner rather than later.

Tuesday, September 27, 2022

Understanding long-term capital gains taxes when you sell investmentsMarket downturns could be a good time to adjust your fund portfolio to minimize the tax bite. Here’s how to calculate the best ways to do that – now and...

Tuesday, September 20, 2022

A recent survey by found that a whopping two in three American adults do not have an estate plan1—an alarming statistic, considering that an estate plan can protect your assets and ensure that they go to the right...

Tuesday, September 13, 2022

When investing, particularly for long-term goals, there are two concepts you will likely hear about over and over again — diversification and asset allocation.Diversification helps limit exposure to loss in any one investment or...

Tuesday, September 6, 2022

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a...

Tuesday, July 26, 2022

Fed rate hikes place upward pressure on a wide range of interest rates, including the cost of borrowing through bond issues. Regardless of the rate environment, bonds are a mainstay for investors who want to generate income.

Tuesday, July 26, 2022

Economies and markets are cyclical. They may include periods of wealth creation and times of bursting bubbles that bankrupt companies in a major downturn.

Tuesday, July 26, 2022

A recent survey of Boomers found that thanks to the COVID-19 pandemic, 52% of those who are not yet retired are concerned about being able to retire.

Tuesday, July 26, 2022

Tax planning should take place throughout the year to have you prepared well ahead of tax season.

Tuesday, July 26, 2022

When it comes to investing, having fewer investments might help streamline your portfolio to manage stress better. Here are some benefits of a simple portfolio and some ways to help you create one.

Tuesday, July 19, 2022

Over the next 20 years, a wealth transfer will occur that exceeds $30 trillion as Baby Boomers pass the remainder of their wealth to Millennials and subsequent generations. It's imperative to develop a plan and prepare your beneficiaries.

Monday, July 11, 2022

Financial professionals find that the same issues come up over and over when it comes to retirement planning. Here are seven considerations that every investor should think about when it comes to retirement planning.

Tuesday, July 5, 2022

Nearly three quarters of workers and 77% of retirees in a recent survey said they remain at least somewhat confident that they will experience a comfortable retirement, according to the Employee Benefit Research Institute.

Tuesday, June 28, 2022

Life insurance is there to help ease the financial trauma that comes with the loss of a spouse, parent, or partner. As you encounter different events in your life, you may need to review your policy and make changes.

Thursday, June 23, 2022

You may associate Social Security retirement benefits with a key part of their name: retirement. However, you may continue working while drawing Social Security retirement or survivor's benefits, which could lead to a higher overall benefit

Wednesday, June 15, 2022

Through charitable giving, you can support causes or organizations you believe in and lock in tax benefits simultaneously. Whether you’re new to charitable giving or a veteran, there are several strategies you should keep in mind.

Tuesday, June 7, 2022

If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax).

Friday, May 27, 2022

529 plans are qualified tuition plans that allow state and federal tax-free withdrawals of earnings and have the potential for tax deductions, which help offset the increasing cost of secondary education.

Tuesday, May 17, 2022

Every year, there are taxpayers that underpay their taxes. It just happens. But if you do that, no matter how innocent your underpayment might have been, you can be subject to penalties. The IRS issued a statement to help those who underpay

Tuesday, May 10, 2022

Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years.

Tuesday, May 3, 2022

With tax season coming to an end, it’s the ideal time to use this year's tax return to help update your financial plan. If you’re in the group of one in four Americans who do not already have a financial plan, it may be time to create your

Thursday, February 10, 2022

Thursday, February 3, 2022

Thursday, December 30, 2021

CNBC’s Mad Money host Jim Cramer created the popular FAANG acronym to denote some of the largest, most powerful companies in the world: Facebook, Amazon, Apple, Netflix, and Google. Recently, changes in those companies are...

Thursday, December 9, 2021

Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022.Staying put for 2022 are traditional Individual Retirement Accounts (IRAs)...

Monday, November 29, 2021

Olympic Investment Group is excited to announce that we are a Toys for Tots drop-off location this year! Help us spread the word! We will be accepting donations of children's toys for all ages during office hours, 8-4:30 Monday...

Monday, October 11, 2021

The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly gain.The Dow Jones Industrial Average increased by 1...

Tuesday, August 24, 2021

If you have a secret, don’t tell anyone at the Federal Reserve Bank. They may leak the story before you’d like.In early August, multiple regional Federal Reserve Bank presidents hit the speaking tour. They made headlines...

Friday, April 16, 2021

Did you know if you are a W2 employee in Washington State you will start receiving payroll deductions on January 1st 2022? Washington state has passed the nation’s first public-operated, long-term care insurance program - The...