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TEACH Grant - What is it? & Who is eligible?

If you are going to college to be a teacher, the Teacher Education Assistance for College and Higher Education (TEACH) Grant might be beneficial for you.

Let’s look at what it is and who is eligible.

What is the TEACH Grant?

The TEACH Grant Program provides grants of up to $4,000/year to student who are going to college in order to begin a career in teaching.

Budgeting for October Expenses

Tomorrow is October 1st which means that we are heading into the holiday season! This is the time of year when it seems as though there are expenses that can sneak up on us if we don't plan ahead for them. Here are a few items that you might want to add into your October budget. 

Does the Stock Market Really Drop in Presidential Election Years?

Fall in Ohio is a magical time, isn’t it? The heat of the summer is dissipating yet the sting of winter’s cold days is far enough off that we aren’t yet worried. There is no greater place to spend your September and October months than in this beautiful state watching a high school football or soccer game. However, once every four years the beauty of God’s creation here in Ohio comes under a little stress as one of the great battle ground states in the Presential election.

Health Savings Account (HSA) with Whitaker-Myers Wealth Managers (What are HSAs & Who is Eligible?)

At Whitaker-Myers Wealth Managers, we all have the heart of a teacher, and it’s important that we consider all financial planning instruments and strategies for our clients. Due to the historical lack of awareness and knowledge with Health Savings Accounts (HSAs), it’s also important that we educate on what HSAs are, who is eligible to open and contribute to one, and why it could be a beneficial financial planning tool for specific clients.

Why Having a Will is Important (And Getting One Might Be Easier Than You May Think)

Creating a Will can be really intimidating. It’s one of those things that most people know they should have but it just always sits on the “To-Do” list because they don’t want to think about it, they are afraid it’s going to be expensive, or they don’t even know where to begin.

August is #ABLEToSave Month

Do you or someone you know have a disability?  Achieving a Better Life Experience (ABLE) is an investment account that you can use to pay for disability related expenses.

The ABLE Act was bipartisan legislation (crazy, right?!) introduced in 2013 and passed at the end of 2014. The ABLE Act amended Section 529 of the IRS code to create a tax-free savings account for individuals with disabilities. 

What is Ramsey+?

If you follow Dave Ramsey’s principals, then I’m sure you know how important budgeting is! EveryDollar is Ramsey Solutions’ budgeting tool that can be used on your desktop or via an app on your phone. They have a free version as well as a paid version. The paid version links to your bank account to make it easier to register your transactions. The paid version used to be called EveryDollar Plus but has been updated to Ramsey+ and includes even more features.

Do You Have Term Life Insurance?

Every day, we help clients develop a plan to achieve their financial goals and part of that is making sure they have the right insurance in place to take care of their loved ones if something happens.

Life insurance in an important part of your Financial Plan. It doesn’t sound as fun to talk about life insurance as it does to talk about saving money or investing but it is definitely important.