Now that we’re a few months into the new year you might be saying to yourself, I wish I would have contributed more to my retirement account in 2017. Lucky for you it’s still possible. Read more…
This week, Raghav’s top reads are all about taxes – what the new tax reform could mean for you when filing your tax return, what you should be doing if you own cryptocurrencies and a Read more…
The Health Savings Account (HSA) is the MVP of tax-advantaged accounts because it offers three valuable tax savings benefits. It allows for a tax-deductible contribution, tax-free growth and tax-free withdrawals for qualified expenses.
It takes guts to run a business--but it also takes a firm grasp on how different businesses function if you’re going to succeed as an entrepreneur. Depending on your line of work, your income projections and tax bracket, and whether you plan to take on corporate partners or hire staff (full-time or freelance), you face several choices--each with broad implications on your personal financial picture.
This week’s top reads have been compiled with the holiday season and year end in mind. Whether you’re in the midst of holiday shopping, thinking about your New Year’s resolutions, or planning to minimize your Read more…
While taxes are due in April for calendar 2017, certain gestures must be made before 2017 ends. Freelancers should make sure to open retirement accounts (SEP IRA) by 12/31, even though they have until mid-April to fund them. Freelancers should also review income from 2017 to see if it’s trending higher or lower, and whether that might impact taxes. Mitigation strategies in an up year might include adding funds to a retirement account or HSA, which can help lower adjusted income.
With few exceptions, insurance is mandatory for Americans. Those who don't have a policy through work or, if self-employed, don't purchase their own policy, face tax penalties. You can open and invest in a Healthcare Savings Account (HSA) to take advantage of healthcare cost tax deductions--but doing so may require that you buy one of the more "deluxe" HSA-approved plans on the marketplace.
GuideVine celebrates financial planning month. Here’s why we believe GuideVine is the premiere resource for finding the right financial planner for your needs.
For grandparents who want to help with education funding, this other, decidedly less joyful aspect of schooling, the possibilities are many.
Generation X is no different. In fact, 45 percent of Generation X would prefer to wait to think about retirement planning until they get closer to retirement. Considering many Gen X’ers were victims of the financial crisis, either with job loss or real estate devaluation, planning needs to begin today.
The reality of student loan debt is influencing many Americans’ ability to finance a home purchase, but new rules from lending overseer Fannie Mae are introducing new options for borrowers. Financial advisors say the flexibility is welcome, and that for many adults they make sense as part of a sound financial plan.
Many schools send parents lists of supplies they need to buy that can be generous to say the least. But rather than blindly follow this list, it can pay to reach out to your child’s teacher to clarify which supplies are truly necessary and which are just nice to have.
If it’s not managed correctly, a job promotion can hurt you more financially than if you never got the promotion at all. Find out what to expect from your promotion and how to make the most of it to improve your quality of life and financial security.
Understanding different types of debt, how credit works, refinancing student loans, ways to start responsible spending and saving habits are all part of building a successful financial future for young adults.
Summer is a busy time for many of us. While some things on your to-do list might get pushed to the side, your mid-year financial checkup shouldn’t be one of them. Set aside some time to sit down and look at how your financials have performed during the first half of the year. Make any required changes and you’ll be on the right path for a strong finish to 2017.
A death in the family, the sale of a start-up company in which you have stock, or an outsized profit on a home sale can put sudden and significant wealth into your hands. When this happens, it’s important to know what to do first. Since sudden wealth is financially complex, finding an advisor who can help navigate this is an important starting point.