This year marks the start of a significant tax legislation update affecting many high earners nearing retirement. Since 2002, the federal government has permitted employees over the age of 50 to make additional contributions to their retirement accounts beyond the annual limit, creating greater saving opportunities for eligible employees. As of January 1, 2026, however, […]
A traditional 401(k) or similar employer-sponsored retirement plan is a foundational savings tool for most Americans, yet those who are self-employed may not have access to these traditional savings methods. While you could still reap the tax benefits of contributing to a traditional or Roth IRA, the annual contribution limits are relatively low (less than […]
For so many parents, watching their children grow into blossoming young adults with new passions, goals, and a sense of independence is incredibly rewarding. At the same time, this may be uncharted territory for your family, a stage of life that hasn’t yet been traversed. Most young adults or teens aren’t quite ready to fly […]
Massachusetts is home to many prestigious private schools with a wide range of focuses. From religious teachings to college preparation, individual assistance with learning disabilities, and more, there is no shortage of alternative educational institutions to consider for your child—especially if you have a unique goal or objective in mind. Below we’re exploring the common […]
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 […]
As the end of the year approaches and the exciting frenzy of the holiday season commences, don’t forget to set aside some time to review these financial moves you should make before the end of 2016. For the most recent contribution limits, gifting thresholds, and RMD rules, please refer to IRS.gov. 1) Deplete your FSA: […]
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