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 [...]
For college basketball fans, March Madness is one of the most exciting times of the year. But did you know that there are valuable lessons to be learned from the tournament that can be applied to 401k investing? Just like a successful bracket-busting team, a successful 401k investor must [...]
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 [...]
In previous years those receiving a monthly social security check haven't seen much of an increase. With inflation making its mark on everyone's monthly budget, the Social Security Administration (SSA) announced that they are increasing 2023 Social Security benefits by 8.7%. How can I find out what my new [...]
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 [...]
As I'm typing this, the S&P 500, the broad market index that is used as the common test of "how the market is doing" is down about 14% in 2022. That's up from a low of around 23% back in June. Basically, 2022 hasn't been a great year in [...]
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 [...]
Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you've diligently saved and planned. Below, we discuss a few steps you may [...]
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 [...]
