Deciding when to file for Medicare is a critical decision for those approaching retirement age. While Medicare primarily serves as health insurance for individuals aged 65 and older, there are situations where you might consider enrolling while you are still working. In this article, we will explore the factors [...]
What is a backdoor Roth IRA? This has become a common question I get with investors that might be over the income limit to contribute to a Roth directly. To be totally clear, a backdoor Roth IRA is more of a strategy than a type of account. A Roth [...]
Having trouble sleeping at night? Enjoy reading enormous stacks of congressional papers? Well, you are in luck! Last month, congress signed into law Secure Act 2.0, which made a few big adjustments to help Americans increase the amount of money they are saving for retirement. The entire bill was [...]
Do I need a will? Yes. Yes you do. That's usually my default answer when asked this question as it's usually a safe one. But maybe the answer is "most likely." Talking about your untimely death is never as exciting as planning your next vacation, but making sure you [...]
There’s a good reason so many athletes, entertainers and business people who made seven figures and higher suddenly find themselves filing for bankruptcy. Money mismanagement can eat through even the biggest bankrolls. Here are some specific threats to financial stability that people can avoid to help effectively manage their [...]
You’re finally ready to move up from your rental unit to your own home. Before you start searching for a home, understand how much money you’ll really need. Be prepared for the myriad expenses that you must add to the purchase price to see the whole picture. Home ownership [...]
When it comes to financial stability, people tend to focus on paying off debt and saving for retirement. In reality, many other financial goals beckon to individuals during their lifetime. Because of this, it’s important to look beyond retirement when setting targets, no matter how old you are. Identify [...]
Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key information you need when preparing this year's taxes. Your Personal [...]
In 2013, a Gallup poll found that only about one in every three U.S. households maintained a budget.1 A 2021 survey of 1,000 Americans found that 80% now say they have a budget.2 Americans are budgeting more due to the pandemic. Knowing where your money is going and making [...]
Imagine your reaction to the following scene: You return home from work one night to find your teenage daughter running gleefully about with a letter in her hand. When you calm her down, she tells you that she has just been accepted to the incoming freshman class of a [...]
