On September 18, 2024, the Federal Reserve lowered the target range for the federal funds rate by half a percentage point—marking the first time in four years the rate hasn’t been raised or kept the same. In an issued statement, the committee said it has “gained greater confidence that inflation is moving sustainably toward two […]
If you are like most taxpayers, you probably want to reduce your tax bill this year. While tax deductions are more commonly used, wise taxpayers also look to tax credits to minimize their tax liability. In this article, we cover the ins and outs of two tax credits available to eligible taxpayers, especially those who […]
Clutter is a common annoyance, especially in a busy household. But did you know it sneaks up in your financial life as well? And that it can also cost you money? “Financial clutter” is distracting and it makes it hard to see the progress youʼre making toward your financial goals. It can even hide problems […]
Through what some are calling a “silver tsunami,” experts predict around $84 trillion in wealth to be transferred over the next two decades.¹ The impact will likely be felt across various sectors of the economy, and it will require careful planning and adaptation to address this demographic shift’s opportunities and challenges. If you are receiving an […]
Job transitions – they happen for many reasons. Some look for a different job to advance their career and pursue something better. Others are looking to jump ship when their current employer can’t meet their financial needs, career growth goals or even when the work environment is untenable. Changing jobs and employers when you’re mid-career […]
Graduate and professional students face quite a bit of debt early on in their careers. As a parent, you may be tempted to pay some or all of the debt to ease your child’s financial burden. Before volunteering this option, ensure your child has leveraged all their options to efficiently pay down their debt. Is […]
Roth conversions are here to stay (for now), so here’s what they are, how they work, and how high-earners can consider leveraging them throughout their careers. What Is A Roth Conversion? A Roth conversion is a strategy that allows you to convert all (or a portion) of your pre-tax retirement accounts (IRA, 401k, etc.) into […]
You’re investing for retirement, paying off debt, building up an emergency fund, saving for your kid’s college, and checking all the top financial boxes—now what? If you’re running a surplus each month, it’s so easy to simply funnel money into the basics (401k, IRA, etc.) but is that the best way to truly maximize your […]
By now you’ve probably heard of the SECURE Act and its impact on retirement plans. The purpose of the SECURE Act, which became law in late 2019, was to increase Americans’ access to retirement savings plans, but you may be directly impacted in other ways. Here are the top four changes that will affect most […]
Do you want to stay in your home for the rest of your life? If you answered yes, you are in good company. A recent National Council of Aging study showed that 75% of people over the age of 60 would prefer to remain in their own home as they age.¹ (see infographic below) If […]
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