As the year reaches its midpoint, it's an opportune time for mid-year tax planning to potentially reduce your tax liability, maximize your retirement income, and enhance your overall financial well-being. In this 8-step guide, we explore key strategies and considerations to get you started.
Leveraging 529 Plans for Retirement Savings: A Strategic Approach for High-Wage Earners
From Panic to Prudence: Staying Calm amidst Debt Ceiling Uncertainty
Who Is “the Media”?
Using IRS Marital Filing Status as a Strategy
Is Social Security Going Bust?
Q1 2023 Market Update
Banking on Safety: How Your Assets Are Protected During Times of Uncertainty
It’s hard, and often counterproductive to comment about breaking news while it’s still moving through the proverbial grinder, which is why we usually don’t do so. However, it’s worth commenting on the recent banking turmoil, and how this applies to your investments to aide in rational decision-making.
Silicon Valley Bank (SVB) Woes Spark Concerns in Banking Sector: A Closer Look
4 Ways to Apply the 80/20 Rule to Your Financial Pursuits
Avoiding Financial and Identity Theft Scams—U.S. Quick-Reference Guide
Year In Review and Q4 2022 Market Update
What’s in the SECURE 2.0 Act?
The original SECURE Act was signed into law on December 20th, 2019. Its “sequel,” the SECURE 2.0 Act, was similarly enacted at year-end on December 29th, 2022. Both pieces of legislation seek to reform how Americans prepare for retirement while juggling current spending needs. However, SECURE 2.0 has added far more motivational carrots than punishing sticks. Here is our run down.
Giving Thoughts
When Should You Take Your Social Security?
The “right” answer to this common query remains as elusive as ever. It depends on a wide array of personal variables, how Congress acts, and how the unknowable future plays out. No wonder many families find themselves in a quandary when it comes to taking their Social Security benefits. Let’s take a closer look at how to find the right balance for you.
Post-Election Social Security Cuts Less Likely Now
Recent proposed changes to Social Security Retirement Benefits by Republican Senators may have had you worried, but without a majority in the Senate (not to mention a Democrat still in the White House) there is no chance Social Security and Medicare will be made discretionary expenses and subject to annual budget cuts.
Six Financial Best Practices for Year-End 2022
To say the least, there’s been plenty of political, financial, and economic action this year—from rising interest rates, to elevated inflation, to ongoing market turmoil. How will all the excitement translate into annual performance in our investment portfolios? While we wait to find out, here are six action items worth tending to before 2022 is a wrap.