Divorce can significantly change life and has considerable implications on taxes. Tax filing after divorce requires understanding new filing statuses, exemptions, child deductions, alimony, and property settlements, among other things. Here are the steps to help navigate filing taxes the first year...
Market volatility can feel like a rollercoaster. Thrilling on the way up, stomach-churning on the way down. Even seasoned investors get a little uneasy when the market takes a dive.
But here’s the thing: While market fluctuations are inevitable, maintaining a disciplined investment approach has...
Social Security is a vital component of retirement income for many. This government program provides monthly benefits and is funded primarily through payroll taxes. Understanding Social Security benefits and taxation is essential to making informed decisions about when to start receiving them.
This...
Your time is important. For some people, time is as important as money. While most people are concerned about spending their money wisely, few consider spending their time wisely. By budgeting your time, you may accomplish your goals and enjoy the things that make life worth living. Are you unsure...
You may not have to spend much money to celebrate Valentine's Day. Instead, you may show your special someone that you love them with sweet gifts that might be easier on the wallet. Want to spread the love without overspending? Then check out these ideas.
1. Plant a Garden Together
Rather than giving...
Are you a football fan? Do you analyze the teams, study the plays, rattle off statistics, current and years past? The steps required to plan your financial future are not dissimilar to football. Producing a solid team requires planning and preparation, just like life, and it is the coach’s and...
Retirement is a chapter of life that, for some, may signal leisure, freedom, and working by choice, not necessity. However, this phase usually requires retirement income from retirement savings withdrawals. Different retirement account types have different taxation when withdrawing monies: taxable...
What does it take to minimize your tax bill, not just this year but in the years to come?
The answer varies for each individual. Tax optimization strategies depend heavily on personal assets and financial goals, which are unique to everyone.
However, nearly all high-net-worth individuals (HNWIs) share...
Each year when tax season rolls around, it comes with the burden of figuring out how to file your taxes correctly. The good news is that there are several ways to prepare and file your taxes, depending on your needs and the complexity of your taxes. Whether you’re trying to save money, increase your...
Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth with the next generations. Here are some financial wellness tips...
Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to live as planned when retirement comes. Whether your retirement is...
Travel isn’t just for the rich. With a little creative thinking and some clever planning, you could have a great adventure while saving money at the same time. Not much is considered cheap or affordable anymore, especially when it comes to travel with the prices of airfare up and fees for seemingly...
