As the year draws to a close, many individuals begin to reflect on their financial decisions and charitable intentions. One effective way to make a meaningful impact while also navigating tax implications is through charitable gifting, mainly using Qualified Charitable Distributions (QCDs) in conjunction with Required Minimum Distributions (RMDs). Let’s ...
Are you saving for the future? Individual retirement accounts are a common way to put money aside for your retirement years. However, do you understand the difference between traditional and Roth IRAs and how these accounts can affect your taxes? Let's break down how IRAs function and how they can ...
When you change jobs, one of the key financial decisions you'll face is what to do with your 401(k) from your previous employer. You have four options: leave it where it is, roll it over into an Individual Retirement Account (IRA), cash it out, or roll over the assets into ...
Ready to start your holiday spending? Follow these five simple tips to stay on track with your expenses:
Start with a list. Make a list of the people you want to purchase a gift for. Then, make a second list of your other planned holiday expenses — gas, hotel stays, ...
You can make resolutions at any time of the year, but the start of a new year is an especially popular time. The promise of a fresh beginning inspires many to set goals that enhance their daily lives. Popular resolutions often focus on improving physical, emotional, and mental health, like ...
As a new year approaches, many of us reflect on the past year and set goals for the next. One of the most empowering resolutions you can make is to create and stick to a budget. A well-planned budget can help you achieve financial stability, reduce stress, and reach your ...
The owners-only 401(k) offers the high contribution limits and flexible investment strategies of a traditional 401(k) to owners-only businesses.
Benefits of Establishing an Owners-Only 401(k)In addition to the benefits of traditional 401(k) plans – including tax-deductible contributions, tax-deferred earnings, flexible contribution requirements and a variety of investment options – and the ...
People generally understand the need for life insurance. Nobody wants to leave their family without support or burden their loved ones with their final expenses. But what about long-term care insurance? For some reason, many people feel reluctant to think about the likelihood of needing a long-term care facility someday, ...
For many parents, the opportunity to pay for their children’s education means setting them up for success later in life. Among the myriad of savings options available, 529 savings plans offer a wide range of benefits that provide flexible ways for families to save. Ryan Mefford, a Financial Advisor at ...
Planning a wedding can be both magical and stressful for couples and their families. One way to reduce stress is to plan the budget and expenses ahead of time, which provides reassurance and control over financial decisions.
We talked with Casey Pittman, a professional wedding planner originally from Central Illinois. As ...
