We make gift lists for friends and loved ones, so why not a list of gifts for our future selves? At its heart, financial planning is a list of things you can do today to improve your future.
Understanding the breakdown of your pay stub will help you better understand your tax withholding and optimize your savings. So here is a breakdown of the major items in your paystub, from your [...]
As we approach the year-end and get ready for the holidays, let’s consider doing some tax planning for 2020 and beyond. This year, we break our discussion of year-end tax planning into two parts. [...]
A common piece of advice is to start saving for retirement early and do it through your employer plan, like a 401(k) plan or similar. Employer-sponsored plans are tax-advantaged and the employer [...]
High investment costs are the most reliable predictor of poor investment performance, and investment taxes are often the largest component of such costs. Left unchecked, the performance drag due [...]
End of summer is a great time to review your paycheck against the taxes you may owe the IRS for the year. One very useful tool on the IRS site is their Withholding Estimator. If you are a W-2 [...]
As you probably know, virtually any monetary earnings or gains in your life are taxable, and investment earnings are no exception. First, if you are getting taxed on your investments, it [...]
The interaction between the taxation of Social Security and other sources of retirement income can make your marginal tax rate jump in unexpected ways, even above the 37% rate, and at relatively [...]
A key goal when you retire is to generate a steady level of spending and not run out of money too soon. For many, the retirement spending strategy involves a combination of social security, [...]