What Trump's Reelection Means for the Tax Cuts and Jobs Act
With former, and now future President Donald Trump back in the White House in January 2025, many are speculating about the future of the Tax Cuts and Jobs Act (TCJA). This significant piece of legislation, passed in 2017, brought about major changes to the U.S. tax system. Let's explore what Trump's reelection could mean for these tax policies.
Read Article
How Much Do Americans Spend on Halloween?
Spooktacular Spending: How Much Are We Shelling Out for Halloween in 2024?
As the leaves turn and the ghosts and goblins start to emerge from their hiding spots, it’s that time of year again—Halloween!
Read Article
Why Investment Diversification Matters: Don't Put All Your Eggs in One Basket
In the world of investing, we often hear about the latest hot stock, or sector that's making waves in the market. But is this really the best strategy for long-term financial success? Here’s a quick explainer on why investment diversification matters and why you shouldn't just chase the latest market darling.
Read Article
Understanding the Difference Between Tax Credits and Tax Deductions
Both major party presidential candidates have discussed changes to some of the benefits American taxpayers receive from the Federal government. Two key concepts related to these campaign promises are tax credits and tax deductions.
Read Article
Understanding the Mega Backdoor Roth 401(k)
If you’re a high-income earner looking to maximize your retirement savings, you may have heard of the mega backdoor Roth strategy.
Read Article
Taxing Unrealized Gains of the Ultra-Wealthy
In a move that's stirring up debate in both economic and political circles, Vice President Kamala Harris has put forward a provocative tax proposal aimed at the wealthiest Americans. The plan?
Read Article
The Difference Between a Fiduciary and non-Fiduciary Advisor
When it comes to managing your finances, choosing the right advisor is crucial. But did you know that not all financial advisors are the same? One key distinction lies in whether they're a fiduciary or non-fiduciary advisor.
Read Article
A Brief History of the 401(k)
Not to be confused with Stephen Hawking’s seminal work “A Brief History of Time”, here you will find a short primer on the beloved workplace retirement savings plan, the 401(k). If you were born after 1980, you would think that these employer plans have been around forever, but in reality, the plan is a relatively new workplace perk.
Read Article
Can I Open A Roth IRA For My Child
Roth IRAs are a tremendously valuable savings vehicle for income earners. After-tax money goes into the account, and it grows tax free and is distributed tax free at retirement. Pretty good deal! Starting one for your child early in their life can be a powerful savings strategy. However, there are some rules to know to take advantage of these Custodial Roth IRAs (also known as Roth IRAs for Minors)
Read Article