There are always lots of money management questions when it comes to investing and saving. Both of these actions are crucial in building your wealth and are stepping stones to reaching your financial goals. One common question we typically get asked by prospects and clients is, “What should I do with money that I will…
As we head into November, with only two months left in the year, the Democrats have just edited the Tax Proposal we have been discussing since March. Back door Roths were one of the few things that survived the new tax change proposal, even though they were in talks to be eliminated. Check out the…
When you sign up for a credit card, you are often assigned a credit limit when that account is opened. These limits typically start at $200 and go up to tens of thousands of dollars. With so many people out of jobs and finding it hard to make ends meet these days, credit cards have…
We’ve been talking a lot about budgeting, spending, and saving money, but what we have yet to touch on is how the pandemic has affected these things and how you may be feeling. While everyone’s financial situation differs and the coronavirus pandemic had a different financial impact on just about everyone, take a second to…
You might notice that the ease of swiping your credit card often allows you to make impulse purchases. Have you ever purchased something you probably shouldn’t have because you mindlessly swiped your card? That’s okay! We all splurge on items that we want, but it’s important to discuss the consequences of building up debt on…
In the market for a new car? Read this first. As you may already know this but the car industry has had quite the year, with used and new car prices shooting through the roof. Used cars have especially skyrocketed to record high prices and are actually hard to find as we’ve been following tons…
As couples combine their finances and think about their financial future, its common for the conversation to be uncomfortable or tricky. While one individual in the relationship might think about money one way, the other party could think about it completely different. Just know, it’s normal and okay to have different background and approaches to…
Raising a child in today’s world can cost hundreds of thousands of dollars. As a parent of four children ranging from ages 5 to 16, I can attest to just how expensive kids can be. Besides just the essentials like food and clothes, there are club teams, tutors, dance lessons and so much more. With…
The IRS recently published final regulations for Achieving a Better Life Experience, or ABLE, accounts for disabled Americans. ABLE accounts aim to help people with disabilities and their families save and pay for disability-related expenses. Even though the contributions aren’t deductible, distributions such as earnings are tax-free to the designated beneficiary if they’re used to…
As the coronavirus sweeps the world and people take a step back to look at their financial picture, they are realizing that they do not have a company 401(K). Even though some of these people work at a company where they offer a 401(k), they may not be eligible due to not meeting criteria, such…