During tax season, taxpayers (meaning, most of us!) are often bombarded with documents and overwhelmed by a load of information. This creates an environment where scammers can easily step in and take advantage of even the most diligent. Tax season scams are becoming...
We see plenty of confusion and questions at this time of year regarding tax forms. And it’s no wonder! Not only do you get an influx of confounding forms in January and February; you also get increasingly gray interpretations of the new tax laws from Congress and...
I was recently asked to contribute to an article for GoBanking Rates on “Frugal Living Tips Millennials Should Focus On in 2024.” It was fun to think about this topic and I was honored to be quoted in the final version. You can read the full article here: “Frugal...
It’s that time of year… the IRS has announced the new rules for IRAs and Retirement plans for 2024. Staying on top of these changes each year is an excellent way to improve your financial health. Often the annual adjustments are rather small, making it relatively easy...
When life throws you a financial curve ball, it can be pretty tempting to dip into your retirement plan for help. After all, it’s money you have saved for yourself, right? Maybe. But there are a few really important things you need to know before you make the...
Did you know that the average American spends around $1000 on holiday gifts each year? Regardless of whether that number seems low or high to you, there’s no denying that holiday spending has the potential to “gift” you with a holiday hangover just as much as it can...
When you retire, life changes – sometimes in joyful ways, and sometimes in unexpected ways. You can take some of the sting out of the “unexpected” ways by making some smart adjustments during your first year of retirement. Here are the Top Five smart moves we have...
You may have heard that you make too much money to save into a Roth IRA. You may have heard that Roth IRAs are only appropriate for young people early in their careers. You may have heard that you should only invest in a Roth IRA if you think your tax bracket will...
It dawned on me the other day that I have worked with hundreds of retirees now. I have been honored to witness and learn from many successful and unsuccessful retirement transitions. And naturally I look for patterns in what contributes to the success or failure of...
If early retirement is a dream of yours, congrats! You’re probably already working hard to make that goal a reality. Just as important as knowing what to do, is being aware of potential pitfalls that could get in your way. Here I’m going to share the top 3 mistakes...
You’ve probably heard that it’s a good idea to “save money for a rainy day.” But where? There are loads of options out there! Here are some considerations when stashing away your hard-earned cash. Savings Accounts Probably the easiest and most familiar place for...
Regardless of your opinion of our Social Security program, you can’t deny that it is an important source of income for many people in the United States. In fact, the Social Security Administration reports that in 2019, 69.1 million people received benefits from...
