Personal Finance

Money Management Financial Advice

"Money Management" is a bimonthly column provided by the American Institute of CPAs and the Connecticut Society of CPAs. Our columns provide everything from tax advice to coping with disasters to planning a holiday shopping budget.

Don't be scared - these columns are written in an easy-to-understand way to get you on the right financial track!


Managing Money and Relationships
Managing Money and Relationships Has money ever caused arguments in your relationship? If so, you’re not alone. A staggering 88% of people between 25 and 40 who are married or living with a spouse or partner cited financial decisions as a...
Health Insurance: The Basics
Health Insurance: The Basics Health insurance is a critical element in any family’s financial security since it will help you cover costs for long-term needs or unexpected emergencies. It can also be extremely complicated, with consumers...
Five Financial Steps to Start the New Year Right
5 Financial Steps to Start the New Year Right Are you completely satisfied with your financial situation? All of us think about how we could improve the way we save, spend or manage debt. The early months of the year are a great time to get a...
How to Better Manage Health Care Costs
How to Better Manage Health Care Costs According to the most recent data available from the Centers for Medicare and Medicaid Services, the average American spends nearly $10,000 per year on healthcare, and that number is expected to continue...
Do's and Don'ts When Naming an IRA Beneficiary
Do’s and Don’ts When Naming an IRA Beneficiary Individual retirement accounts—IRAs—hold more than one-fourth of all the retirement plan assets in the United States, according to the Employee Benefit Research Institute ....
Give Frugal But Fantastic Holiday Gifts
Give Frugal but Fantastic Holiday Gifts Has overspending at the holidays become a tradition in your household, leading to some unpleasant surprises when the credit card bills arrive in January? There are many ways you can give meaningful gifts...
Do's and Don'ts for Handling College Tuition
Do’s and Don’ts for Handling College Tuition If you have a child headed toward college, you probably won’t be surprised to learn that tuition costs rise faster than the average inflation rate. During the last 10 years, in-state...
4 Things Your College Student Doesn’t Need
Four Things Your College Student Doesn’t Need You know that college tuition and room and board are pricey, but you may be surprised by the many other costs associated with everyday life on campus. There’s a long list of additional...
5 Things to Know About Reverse Mortgages
A reverse mortgage is a type of loan that allows you to cash out the equity in your home. Many seniors turn to them to enhance their spending money in retirement, but they may not be right for everyone. The Connecticut Society of CPAs highlights...
Four Tips for Millennials to Prepare for Retirement
When was the last time you thought about your ideal retirement? If it’s not top-of-mind, don’t sweat it – you’re not alone. For many young people, it’s hard to imagine retiring when it’s so far away. However,...

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