News to Know

  Medicaid can be a lifesaver for many, but what if your income is just a bit too high to qualify? That's where Qualified Income Trusts (QITs) come in. In this newsletter, we'll dive deeper into QITs, demystifying their role in accessing Medicaid benefits and providing links to government resources for further information.   Decoding QITs: Simply put, a Qualified Income Trust (QIT) is a specialized bank account designed for individuals whose income exceeds the Medicaid eligibility threshold. Medicaid, a government program providing healthcare coverage for low-income individuals, is designed to assist those who cannot afford medical expenses on their...

  Education is often touted as a pathway to success, but its value extends far beyond personal development. For many, investing in education can be a powerful strategy for building wealth and achieving financial independence. In this article, we'll explore various strategies for leveraging education as an investment tool to secure long-term financial prosperity.   Pursue Marketable Skills: Investing in education begins with acquiring marketable skills that are in demand. Identify industries or sectors experiencing growth and determine which skills are most sought after. This might involve pursuing a degree or certification in fields such as technology, healthcare, finance, or...

  As we close Women's History Month this March, it's an opportune time to celebrate the remarkable achievements of women and reaffirm our commitment to advancing financial literacy among females. Despite facing historical barriers and societal challenges, women have demonstrated resilience, innovation, and leadership in various spheres, including finance. Journey with us in how to empower the women in your life (or yourself) through financial education and fostering a more inclusive financial landscape.   Highlight Women's Contributions:  - Women's history is replete with stories of courage, perseverance, and groundbreaking accomplishments. From pioneering entrepreneurs and visionary leaders to trailblazing economists and...

  Did you know there’s a way to grow your money for your future, retired self? Get ready to embark on a journey into the world of Individual Retirement Accounts (IRAs). We’ve created a 2-part series to demystify these common tools for ensuring your future self is financially well. In this first part of our series, we're breaking down the basics of IRAs, shedding light on the differences between the Traditional and Roth options, and exploring why (& to whom) they are important. Buckle up because we're setting sail into the seas of smart investing for your retirement future.  ...

  Financial literacy is a crucial skill for navigating the complexities of adulthood, yet it is often overlooked in traditional education systems. For youth, regardless of background, financial education is essential for empowering them to make informed decisions and build a brighter future. Here are five essential financial education tips tailored specifically for empowering youth:   Understand the Historical Context: To truly grasp the importance of financial education for youth, it's essential to understand the historical context of economic inequality and systemic challenges. By learning about past financial injustices, young people can better understand the societal forces at play and...