The title of this blog may lead you to believe this is only for people within a few years of retiring. However, the inverse is true: the younger you are, the more important this information is for you. So, first off – what is retirement planning, exactly? It can sound like an overwhelming and far-away […]
Ever since they were first established back in 1998, Roth IRAs have been a game-changer in the retirement world. After years and years of only pre-tax retirement vehicles, Roth IRAs provided another way for savers to put money aside for the future. That said, let’s dive into what a Roth IRA is, who can use […]
It’s that wonderful time of the year again – tax prep season! That said, we want to provide a brief overview of the changes to the income tax rules and limits as well as answer any questions related to the tax-related documents you may need when filing your return. The first thing you should know […]
As I write this blog about raising financially responsible kids, I want to be completely transparent (dad joke). My wife and I have a 9-month-old daughter named Charlotte, and we are far from having it all figured out. However, through many conversations with more experienced parents, we’ve found that no one has it figured out. Every […]
How do you think about money? Does it provide a sense of security that was molded by a parent or guardian who instilled a savings-mindset during your childhood? Is it mainly a means to new experiences and travel created by a relatively affluent upbringing? Or does it cause anxiety, centered around years of living paycheck […]
For most people, when they enter the workforce, they begin putting away a percentage of their salary toward retirement which is a part of their financial planning. Some stay disciplined early by putting away a solid 15 – 20% of their income. Most others start anywhere from 1 – 5% and apply an automatic escalation […]
Volatility was a key theme for 2020, as the market was trying to predict the timeline of the economic recovery while simultaneously reacting to short-term headlines. The stock market price fluctuations presented lots of opportunities for investors with cash on the sidelines. In addition, new trading platforms such as Robinhood decreased the barrier to entry […]
It is hard to believe that we are a full quarter of the way into 2021. While most people have 2020 in their rearview, there is one more thing we need to do before we can officially move on – file our taxes. While for most people taxes may not be the most exciting thing […]
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. This legislation is designed to assist in the recovery from both the health and economic impacts brought about by COVID-19. This $1.9 trillion stimulus package made various changes to the tax code, impacting many individuals and businesses in the […]
The Consolidated Appropriations Act, 2021 was signed into law by President Donald Trump on December 27, 2020. This act included a wide range of additional Coronavirus aid as well as extensions of expiring tax relief packages. At a whopping 5,593 pages, it is the longest bill ever passed by Congress according to the Senate Historical […]