Business & Finance   

This lively class will keep your attention with shocking statistics and a fun drawing. What's new with protecting ourselves from cybercrimes/Fraud, knowing the changes in Social Security, and ways to obtain triple tax free growth with a HSA account and more.

This lively class will keep your attention with shocking statistics and a fun drawing. What's new with protecting ourselves from cybercrimes/Fraud, knowing the changes in Social Security, and ways to obtain triple tax free growth with a HSA account and more.

Most people today, especially young adults, have an active “digital life” with dozens, sometimes hundreds, of electronic records that include URLs, usernames, passwords, PINs, and other authentication protocols. What happens if their computer crashes, gets destroyed in a fire or natural disaster, or they pass away without leaving any instructions about how to access their accounts? This class will define digital assets and discuss key questions to consider about them. It will also describe different types of digital assets, review strategies to inventory and protect digital assets, and outline a five-step digital asset planning process. In addition, it will briefly describe RUFADAA, the Revised Uniform Fiduciary Access to Digital Assets Act, and digital asset planning resources.

Many older adults own tax-deferred retirement savings accounts such as traditional IRAs and employer retirement savings plans (e.g., 401(k)s, 403(b)s, 457 plans, and the Thrift Savings Plan). Many of these accounts were started with the assumption that income in later life would be lower than during working years. This may or may not be the case. Some older adults with multiple streams of income are surprised that their income actually increases. This class will discuss tax-deferred accounts from the viewpoint of older adults including income withdrawal strategies, RMD requirements, portfolio rebalancing, tax minimization, beneficiary designations, tax withholding, and more.

The past year has been a roller coaster with rising interest rates, inflation, and stock market volatility. Are you worried about your finances in today’s uncertain economy? Wondering what steps to take to protect your savings and whether you need to change your retirement plans? This class will answer these questions and more. Topics will include current economic events, common emotional reactions to market downturns, strategies to reduce financial stress, historical investment performance, investment asset allocation, the futility of market timing, mitigating sequence of returns risk, and prudent financial strategies.