We all know something about social security. Namely, that we pay into it and we will get something out of it in retirement. But understanding how it works beyond that most basic level is important for retirement planning. For reasons I explain below, social security...
At the end of 2022, Congress passed the SECURE 2.0 Act. This legislation was intended to help Americans make their retirement savings stronger and their finances more stable as they age. In many polls and surveys, Americans both report not saving enough for retirement...
The reality is that everyone needs an estate plan. Even if you just have a bank account and a 401(k), you need to consider what happens to those assets if you die. Here are the ways in which financial planning and estate planning work together. What is the purpose of...
Yes, we always make New Year’s Resolutions on January 1st. Then the question is how long we can keep them after that. The beginning of the year is a good time to make financial resolutions. While we support keeping good financial habits all year long, January is a...
As we prepare for the holiday season and the end of 2022, I’ll start by saying what many of us are thinking: what a year! After two years of “pandemic life,” we thought that this year was going to be good–both for the markets and the economy. There’s no way to...
Although it is only November and taxes aren’t due until April, the time to start thinking about tax planning in 2022 (and every year) is before the year is up. For this year’s taxes, there are some specific things you should know (including new updates from the IRS),...
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