Keep More. Send Uncle Sam Less. Don’t get me wrong. I love America. But let’s hold onto as much of our hard-earned money as possible and take advantage of tax breaks. We’re all about tax avoidance, which is entirely different from tax evasion (that’s illegal)! But taxes can and do diminish your retirement nest egg. […]
Winning Tax Strategies: From First Save to Final Score Read More »
As you read this, you might be considering working with someone on your finances. If you ask me, I think that’s a great idea. As unbiased as it can sound, everyone needs someone in their life to help guide them to make wise financial decisions. Whoever you ultimately choose to work with—or not—seeking professional financial
Have you ever decided to be more active or live a healthier lifestyle? Do you regularly set goals to improve your overall health? What measures have you taken to work towards these goals? Just as someone embarking on a fitness journey asks questions to better their physical well-being, you too can take steps to improve
Get in Shape: Tips for a Stronger Financial Future Read More »
If you’re nearing your 62nd birthday, get ready! The time has come to decide when and how to start collecting your Social Security benefits. I know you’re thinking: “When should I start collecting?” I’ll let you know now that the answer depends on you and your unique situation. However, the current window to collect Social
To Claim or Not to Claim: When Should You Collect Social Security? Read More »
With four distinct parts, Medicare can be an alphabet soup of complexity. Our goal is to help you understand each part and how they impact your healthcare costs. So, let’s wrap our heads around it. Medicare is federal health insurance available to nearly all U.S. citizens and legal residents 65 years of age and over
The ABCDs of Medicare: What Covers What? Read More »
Truth be told, it’s more likely that you’ll live longer than your grandparents did. The flip side is that you may spend far more on doctors’ bills and treatment for chronic illnesses than your parents or grandparents. With healthcare costs continuing to rise along with life expectancies, health savings accounts (HSAs) are an increasingly popular
HSA 101: A 2023 Guide to Health Savings Accounts Read More »
Time flies when you’re having funds. Start saving NOW. Your 20s and 30s are a time for careers to blossom and income to grow. While it can be tempting to increase your lifestyle in tandem with income increases, be careful with the “I’ll save later” mentality. Folks routinely live into their 80s and 90s these
You’re Only Young Once: Your Retirement Reality Check Read More »
Way to go! You scored a new job! Now, as you embark on this exciting new endeavor, there’s one topic bound to come up: retirement plans. And you might think: “What about my plan with my previous employer?” “What do I do with the money in that account?” It’s wise to understand all your options
From Job to Job: What to Do with Your Previous Retirement Account Read More »
You’re never too young (or young at heart) to begin building an investment portfolio! Actually, investing when young has the potential to produce impactful earnings gains. And that’s because of a concept called compounding. Like a snowball that grows as it rolls down a hill, compounding gives your money the opportunity to grow, continually reinvesting
Here’s Why You Should Start Investing When You’re Young Read More »
Congratulations—it’s a ROTH! Relatively new on the scene of employer-sponsored retirement benefits, the Roth 401(k) is the tax-free cousin of the Traditional 401(k). You might already be familiar with the Roth 401(k)’s big sister, the Roth IRA. Both accumulate after-tax deposits that can grow and be distributed tax-free when certain criteria are met. But, the two siblings
Meet the Roths: 401(k) and Traditional Read More »
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