Proposed Bill Includes Tax Increases for High Earners, Retirement Account Changes
Last week, Democrats on the House Ways and Means Committee released a draft of their proposed tax plan, which includes changes to corporate, personal and other taxes, as well as retirement plans – though Social Security would be untouched.
Creating Awareness Around Life Insurance
There’s an old saying that with the stroke of a pen we have the ability to affect generations upon generations of lives.
Thinking of Social Security as Our Biggest Asset
You might have more money stashed away in the Social Security trust fund than anywhere else. In fact, what you put into Social Security very well might be your biggest asset and future source of retirement income.
You’ve Got the Mini-Fridge for Your College-Bound Kid – Now Don’t Forget the Documents!
My niece’s hard work in high school paid off, and she had many fantastic options for higher education. Despite being from New Jersey, she chose a liberal arts college halfway across the country in Texas and is about to begin her junior year there.
Financial Planning for a Growing Family
Written by Casey Franken, Director of Planning and Advanced Solutions The decision to add a member to your family is serious, and its implications stretch far beyond your finances. Nevertheless, would-be parents have a responsibility to each other and their descendants to consider th …
5 Risk Factors to Watch in the Third Quarter of 2021
Though we’re still in the midst of the COVID-19 pandemic, with the number of vaccinations increasing and the great reopening upon us, we’re reemerging from our bunkers in full force.
What to Consider if You Receive the Monthly Child Tax Credit Payments
The first payment of the Child Tax Credit started hitting bank accounts on July 15 and will continue every month for the rest of 2021.
3 Questions to Ask About Your Debt
Written by Ryan Ovenden, Wealth Advisor I have a lot of trees on my property, so naturally I decided to purchase a chainsaw. Prior to purchasing, I was fairly cautious about using one. However, after watching several hours’ worth of training videos online (the best place to learn now …
Knowing When to Update Your Estate Plan
From the family tea set to the most complex estate, transferring wealth – of whatever size and definition – couldn’t be more common. What’s less common but just as important is outlining a specific plan and updating it as circumstances change.
Tax Planning vs. Tax Preparation: The Important Money- Saving Distinction
Written by Casey Franken, CFP, Wealth Advisor Whew. Another tax season is behind us as most individuals have either filed their tax returns or filed for an extension by the new IRS deadline of May 17. Though we’re not accountants, we know how chaotic this time of year can be for people. If …
How to Fit the Kids’ College into Your Financial Plan
There is a strong premium on earning a college degree, perhaps driven by previous generations who witnessed the power of education. But you may find yourself receiving a student loan bill every month, even now as you contemplate sending your kids to college. Though an education continues to …
