What is an "After-Tax 401(k) Contribution" and Should I Be Doing It?
Did you know you can contribute up to $58,000 to your 401(k) plan? The key is "after-tax contributions". What are they? How do they work? Should you consider making them?
Top 5 Money Mistakes Parents Make when Saving and Paying for their Child’s College
There are many people who have made mistakes planning for their child's education. Check out my latest blog post where I share the five most common mistakes to avoid so that you can successfully save for your child’s education.
When Are Annuities a Good Idea?
Planning for retirement is too important to leave to chance. Life expectancy is increasing with every decade, which is great news. However, it also means that preparing for retirement needs a fresh perspective. Many retirees, even those who have consistently saved toward retirement over their lifetime, may realize they don’t have enough money saved to retire comfortably. If 401(k)s, pensions, and social security benefits aren’t quite providing the standard of living that many expect when they transition into retirement, there is a tool worth considering. Annuities.
Biden's Flat 401(k) Credit Proposal: What Does it Mean for You?
President-Elect Joe Biden has proposed a 401(k) flat tax credit that may make you rethink how you save for retirement. While nothing has been officially passed yet, many people are wondering how his overhaul of 401(k) tax breaks will impact them personally if and when it becomes a reality. Here's what you need to know.
Keep Track of Your Charitable Deductions This Year! The CARES Act Made One Important Change People Aren't Talking About
An overlooked item in the CARES act allows for some additional tax benefits for charitable contributions in 2020. Make sure you understand how they work!
The Biden Tax Plan and Its Impact On Estate Taxes
A Presidential change brings uncertainty in the world of estate planning. Here's what we know about President Elect Biden's proposed tax plan and how it could affect estate taxes!