Tax planning may well be a year-round job, but the fourth and final quarter of the year is where the rubber meets the road. This article will discuss strategies around tax-planning.

Planning for your finances is not something to be ignored, but why? And what does that look like? In this article we will outline why financial planning is important, what happens when planning is ignored, and what happens when planning is done well.

Every situation is unique, and it is important to have a repayment strategy in place. This article addresses a few key items to consider when developing a student loan repayment strategy.

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Once an individual’s student loans are out of deferment and their grace periods are complete, they’re forced to begin making payments under a formal repayment plan. Repayment plans fall into two broad categories: (i) those that are indifferent to whether you can afford the payments, and (ii) “income-driven” plans that consider your earnings to try and keep the payments affordable.  

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Once an individual’s student loans are out of deferment and their grace periods are complete, they’re forced to begin making payments under a formal repayment plan. Repayment plans fall into two broad categories: (i) those that are indifferent to whether you can afford the payments, and (ii) “income-driven” plans that consider your earnings to try and keep the payments affordable.  Today we are going to discuss the second category: “income-driven” plans that consider your earnings to try and keep the payments affordable.

Knowing how to shop for a mortgage is an important skill. It will not only help you get the loan you need to buy or refinance a home, but also help you feel confident about getting the right deal for your circumstances. Shopping for a mortgage can seem overwhelming. But by breaking down the process into several smaller steps, the task can be manageable and a home closing achievable.

If you’re saving and investing for retirement, you’re probably familiar with the concept of investment diversification: Combining different types of assets to balance your overall investment risk and return. This same principle can and should be applied to your income taxes.

Why? Tax diversification may allow you to structure withdrawals in retirement to potentially increase the amount of after-tax spendable income.

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Traditionally, inflation is a silent headwind – we haven’t paid much attention to it, nor has it impacted our daily lives. However, given that we are writing history with today’s inflation and interest rates, this article is an attempt to explain inflation, its impacts on everyday consumers, and some practical suggestions for balancing cash flow in times of inflation.  

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The doubling of the elderly population over the coming decades means a substantial increase in the number of people who will need long-term care. As the need for care increases, so too does the cost of services.

If you’re a stock market junkie or perhaps even just a mildly active investor, you probably know. But if you shy away from 401(k) statements or sidestep making decisions about savings plans, you might not. And that might not be a wise thing these days.

During the imperialist rule of India, the British government became frustrated with the number of cobras in Delhi. Why, they said, should a progressive city run by the most powerful nation (at the time) in the world be overrun by snakes? As any great society does, they quickly set their best minds on the problem.

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A new investment category has emerged in the investing world over recent years: cryptocurrency. It started out as a financial experiment for digital enthusiasts and outfits with a penchant for new and untested investments. But now banks, investment companies, and other established financial institutions are beginning to add cryptocurrency to their asset base.Should an average investor follow suit?

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Americans owed $1.59 trillion in student loans in the spring of 2022, according to data from the Federal Reserve Bank of New York. Students have taken on this debt for good reason: a bachelor’s degree can significantly boost one’s job prospects and earnings.

But if you don’t find the best way to repay your school loans, you could throw away thousands of dollars over the years.

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As most know, the updated student loan news was announced recently. There is a lot of new information out there. We have done our best to unpack the information in a way that is easy to understand. This article will outline the updates made to COVID forbearance and the student loan forgiveness granted recently.

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If you’ve changed jobs multiple times throughout your career, you’re not alone. According to the Bureau of Labor Statistics, baby boomers switched employers, on average, 12 times between ages 18 and 54.1

A new job might come with enticing perks, like raises, promotions, or a chance to grow your skills. If you were putting money aside in your former employer’s retirement plan, however, it also means figuring out what to do with your savings now that you’re working for a new employer. And if you’ve had a few jobs, you may have several retirement savings accounts in different places.

So what do you do with them?

Maximize charitable giving. Minimize tax burdens. Charitable giving is an important aspect of a healthy financial practice. When you give to charities, you want to do so in an efficient and impactful way. One resourceful way to do this is through donor-advised funds (DAF). Through DAFs, patrons are able to maximize charitable giving while also minimizing your tax burden.

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