Our Financial Blog
At Huiskamp Collins Investments, LLC,
who you invest with really does matter!
WHAT THE HECK IS THE SAVER’S CREDIT?
Formally known as the Retirement Savings Contribution Credit, the “saver’s credit” is a dollar-for-dollar reduction in the amount of taxes a moderate or lower income consumer may owe just by saving funds for retirement. Financial types like to talk about tax...
WHY YOU MIGHT WANT TO “FREEZE” OR “LOCK” YOUR CREDIT
Identity theft is splashed all over the news and is on most peoples’ minds. Consumers are afraid to click links in emails, use their credit cards for online purchases and even answer their phones. What is a cautious citizen to do? Today, we’ll dive into two...
ARE YOU UP FOR A “NO SPEND CHALLENGE”?
I know, I know. It’s January and all those holiday purchases that seemed so smart and so right for all of those on your gift list are now coming back to haunt you with the dreaded bills in the mail. You tell yourself every year that this time it will be...
THE PROS & CONS OF BUYING LIFE INSURANCE FOR A CHILD
There is a great deal of confusing information out there about the advisability of buying life insurance for a newborn or young child and I’m going to try to help dispel it here by giving you a full rundown of the pros and cons so you can make the best decision...
EVERYTHING YOU ALWAYS WANTED TO KNOW ABOUT HEALTH SAVINGS ACCOUNTS (HSAs)
If you qualify, one of the best gifts the IRS gives consumers is the Health Savings Account or HSA for short. They’re what I’d call a “triple-whammy”: savers use pre-tax money to fund them (lowering your income tax bill in the year you made a contribution), they grow...
THE GOOD, THE BAD & THE UGLY ABOUT TARGET-DATE MUTUAL FUNDS
Mutual funds are “baskets” of assets that provide diversification for investors so that they don’t fall prey to “having all their eggs in one basket”. For instance, a mutual fund could hold shares of ten different pharmaceutical companies, eight different oil and gas...
HOW TO MAKE SENSE OF ALL THE PEOPLE WHO CALL THEMSELVES “FINANCIAL ADVISORS”
It’s a niche in the market that is the “Wild, Wild West” all over again: who are all these people calling themselves financial advisors, what are their credentials and with what can they help me? There are hundreds and hundreds of individuals in the field of...
THE DOWNSIDE OF DEBIT CARDS
You probably love your debit card. It’s convenient, accepted everywhere, helps keep your spending in check (you can’t spend more than is in your account), there are no annual fees and you can get cash back. What’s not to like? The majority of Americans agree with you....
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