Time to review your finances

It’s hard to believe that it’s already June; how quickly 2016 is passing by. The remnants of winter have given way to the warmer, sunnier days of spring, and the long, hot, school-free days of summer aren’t far behind. And before we know it, class will be back in session and tree leaves will don…

CTC Podcast Episode 5: Baby Talk

  Starting a family offers plenty of unique challenges and requires smart financial planning. According to the US Department of Agriculture, as of 2013, the average cost to raise a child to the age of 18 is almost $250,000. And that doesn’t even include the cost for college tuition. So how do parents pay for…

CTC Podcast Ep. 4: finances during and after college

A person’s college and post-college years can be financially difficult and frustrating. It’s likely the first time they are responsible for rent, groceries, utility bills, perhaps even car payments and likely student debt — all while trying to finish school or find a full-time job to support themselves. So how do people do it? In our latest podcast, CTC employees AJ…

CTC Tips: fund your IRA at the beginning of the year

Waiting until the end of the year to contribute to your IRA limits your potential for growth. A Money.com article reported that 70% of IRA contributions in 2013 were made near the contribution deadline. Waiting until then can cost an investor over $15,000 over 30 years: “assuming an investor contributes the maximum $5,500 annually for 30 years…

Is your tax refund too big?

  According to the IRS, the average tax refund received in 2015 was just about $2,800. Receiving such a large check from the government can be exciting but adjusting their withholding and receiving a smaller refund might actually be more beneficial for taxpayers. A tax refund is the return of taxes paid beyond what was owed…