Listen Now When Congress creates a new tax-deferred account type, it’s easy to assume that it must be better than what already exists. That seems to be a bit of what’s happening with the new Trump Accounts, which is a new, tax-advantaged way to save for a child and...
Have you ever finished your tax returns and wondered if you could have done more to maximize your tax breaks for your charitable contributions? If so, you’re not alone. Thanks to tax law changes, many taxpayers who used to itemize their deductions can take the...
If you place your hand in a bowl of lukewarm water and start heating it, you’re unlikely to notice the rising temperature. Your hand adapts to the gradual change. Eventually, the water will get to a point where it’s so hot it could burn you and you will notice. But it...
Developing and executing an estate plan is one of the most important pieces of your financial plan. While you are alive, the estate planning process allows you to manage and preserve your assets during your lifetime. At death, your estate plan allows you to conserve...
One of the trickier decisions of saving for retirement is determining which accounts to prioritize with your savings. Is it most important to max out a 401(k) before an IRA? At what point should you use a taxable account for retirement savings? How does debt play into...
