Author: Centuria Financial

Teaching Kids About Money

As a parent, it’s your responsibility to teach your children about the world, including how to manage money. Financial literacy is one of the most important lessons you can impart on your children to make them successful in adulthood. Raise fiscally responsible children by teaching them the right lessons for their developmental level. Teach them […]

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Managing Finances after a Divorce

Money is one of the most oft-cited divorce catalysts today, yet getting a divorce is one of the worst things that can happen to your finances. In addition to the high lawyer fees, your household will be split in two, putting a strain on both parties’ subsequent budgets. Divorce can have a major impact on […]

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Retirement Planning for Small Businesses

Retirement planning provides a safety net for the future and can be beneficial to both employers and employees. By exploring your options for retirement plans, you can find one that optimizes your small-business needs and provides the best savings for your business and your employees. Retirement plans for small businesses can come in the form […]

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Investing for Small Business Owners

As a small business owner, you have to consider many aspects of investment that an individual investor may be able to overlook. With your business assets and legacy at stake, it’s important to understand investing strategy in order to avoid the common investing mistakes that many small business owners make. Small business owners by nature […]

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Estate Planning Strategies for Small Businesses

Estate planning allows for your assets to be distributed the way you want them to be after you are gone. As a business owner, estate planning takes on even greater importance, as a significant portion of your wealth (and your family’s source of income after you are gone) is likely tied up in your business. […]

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Sharing the Responsibility for Household Finances

By now, you probably don’t need to be reminded that money plays a role in a large percentage of arguments between spouses. Sometimes these arguments are rooted in a lack of communication, clashing values or a power struggle, and sometimes they happen because one spouse is not involved in the daily maintenance of the household […]

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Returning to Work After Having Children

Many women make the choice to leave the workforce when they have children, staying home with their kids for several months, years or indefinitely. For various reasons—money, the need for outside fulfillment or their child’s first day of school—many moms then decide to rejoin the workforce as “comeback moms.” It can be a challenge for […]

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A Financial Overview for Single Moms

Single parents often have a hard time juggling household finances and child care costs while living on one income. Moms have it even worse—according to data from the U.S. Census Bureau, the 2014 median income for single mothers is only $26,300, compared with $41,400 for single dads. Women also report feeling less equipped to manage […]

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Understanding RMDs

After years spent saving for retirement and allocating non-taxed dollars into your retirement savings, the time will inevitably come when you have to pay tax on that money. Although account owners are allowed to begin taking distributions penalty-free at age 59½, they are not yet required to take any money out of their accounts. All […]

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Social Security overview

Social Security is a federal program that provides financial support to U.S. citizens who are retired or disabled.  Run by the Social Security Administration (SSA), the program’s technical name is Old Age, Survivors and Disability Insurance. It was created under the Social Security Act (1935) during the Great Depression when the majority of retirees were […]

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