Have you ever wondered how much money you spend on a monthly basis? This is a number that alludes many people, but today I’ll show you an easy way to figure it out and why it’s so important. When we prepare financial plans for people, we use monthly expenses to determine if a person is […]
How to Easily Determine Your Monthly Expenses Read More »
Many people have aspirations to build up their tax-free investments and do so inside of a Roth 401k. However, you may be surprised to learn that your Roth 401k contributions are not actually going into the Roth (tax-free) bucket, but instead into the Traditional (pre-tax) bucket. If you’ve followed my blog, then you know I
Are You Making Roth 401k Contributions? Think Again… Read More »
Most people understand the importance of investing in their 401k, but I’d venture to say that many do not understand how to properly update the investments inside of their 401k. In fact, it can be very confusing (and frustrating) since there are actually three places that you need to make updates, not just one! And
Updating Investments in Your 401k: 3 Important Things to Know Read More »
In October 2020, I wrote a blog post titled Why You Should Almost Never Choose a 15-Year Mortgage. The premise of the article was that you’re generally better off going with a lower-payment 30 year mortgage as it allows you to build more wealth. This post has garnered a lot of attention and a reader
5% vs 20% House Down Payment – Which is Better? Read More »
On Thursday, March 11, 2021, President Biden signed into law the $1.9 trillion American Rescue Plan. Below are highlights of the bill: Stimulus Payments If your adjusted gross income (AGI), based on your 2019 or 2020 tax return, whichever is the most recent on file with IRS, is less than or equal to $75,000
Summary of the American Rescue Plan Stimulus Bill Read More »
Many pension plans are under a lot of stress due to the coronavirus. In today’s article, I discuss what you need to do to protect yourself against your pension not fully being there in the future. State Pension Plans Colorado, South Carolina, and New Jersey previously decided to temporarily stop making additional payments to
Is Your Pension Safe? Read More »
Many people understand that the decision to refinance involves more than just how much money they will save on a monthly basis. They also understand that there is value to the length of time they’ve being paying down their mortgage, but they don’t how to quantify that and determine if refinancing makes sense for them.
How to Truly Know if You Should Refinance Mortgage Read More »
In last week’s blog post I discussed the importance of converting some of your taxable IRA to a tax-free Roth IRA to protect against higher taxes in the future. With that in mind, should you convert your entire IRA to a Roth IRA? I answer this question in today’s article. There is a strong appeal
Should Your Entire IRA Be Converted to a Tax-Free Roth IRA? Read More »
On Friday, March 27th, President Trump signed into law the historic $2 trillion stimulus bill (aka The CARES Act – Coronavirus Aid, Relief, and Economic Security Act). Below are highlights of this bill and how it affects everyone, including small business owners and retirees. 1. STIMULUS PAYMENTS: Individuals whose adjusted gross income (AGI) in 2019 (2018 numbers
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Finding a financial planner can be a daunting task, especially since he or she is someone who will potentially be managing your life savings and giving you advice on various important topics. This decision is not one that you should take lightly, so in today’s blog post you’ll learn 5 things that you need to
How to Find a Financial Planner That’s Right For You! Read More »
Many people shy away from hiring a financial advisor because they think they aren’t wealthy enough. In today’s blog post, I will discuss that this mindset has evolved as a result of some arrogant and greedy decisions by those in the financial planning and investment industry. However, there is good news in that even those
Why You Don’t Have To Be Wealthy To Hire A Financial Advisor Read More »
Perhaps you’re doing a good job with saving towards retirement, but you feel like you should be doing more. The only problem is that you don’t have any money left over to save. In today’s blog post, I’ll share with you 5 Easy Ideas To Boost Your Retirement Savings.
5 Easy Ideas To Boost Your Retirement Savings Read More »
