Things are looking up . . . in tax land that is. Taxes are scheduled to go up in 2026. How did this happen and what should you do about it? Visit the Learning Library
Article Categories: Articles
Student Loan Payments Set to Resume in October
On March 13, 2020 as the country was dealing with fallout from the Covid-19 pandemic, President Trump temporarily paused Federal Student Loan Payments. Over the last 3 and a half years, the pause has been extended several times but it was recently announced that the latest pause, which ends on September 30, 2023 will be… Continue reading Student Loan Payments Set to Resume in October
The Drawbacks of Mutual Funds in Brokerage Accounts: Why They May Not Be the Ideal Investment
Mutual funds are pooled investments that allow investors to diversify their portfolios and benefit from professional management. They are a great choice for workplace retirement plans and IRAs. But they are less than ideal for non-retirement brokerage accounts for two reasons: Tax inefficiency: Mutual funds are subject to capital gains taxes whenever they sell securities… Continue reading The Drawbacks of Mutual Funds in Brokerage Accounts: Why They May Not Be the Ideal Investment
The Ultimate Guide to Purchasing a Vehicle
Purchasing a vehicle is a significant milestone for many individuals and families. Whether it’s your first car or an upgrade, the process of buying a vehicle requires careful consideration and preparation to ensure you make a wise investment. From choosing the right type of vehicle to negotiating the best deal, this article will serve as… Continue reading The Ultimate Guide to Purchasing a Vehicle
The Importance of Knowing Your Debt
Debt is part of every day life for millions of Americans, allowing individuals to access opportunities and achieve their goals. Unfortunately, many people lack an understanding of “their” debt. It is important to know your debt and this article will highlight the benefits to your financial well-being. The first benefit is that by knowing the… Continue reading The Importance of Knowing Your Debt
Distinguishing Dividend Distributions
When you invest in funds, such as mutual funds or exchange-traded funds (ETFs), one of the income sources you’re likely counting on is dividends. As a reminder, dividends are your portion of a fund’s profits that they’re sharing with you, because you own a part of the fund through your shares. It’s important to know… Continue reading Distinguishing Dividend Distributions
Roth IRAs for Kids
It’s that time of year. Students will soon be busy at summer jobs, which means that now is a perfect time to consider funding a Roth IRA. All your child needs is earned income. Visit the Learning Library
It’s Time to Rework the Budget, Student Loan payments begin soon
Well, time is surely ticking on your student loans. Payments will begin soon, after two years of the pandemic-related deferment where no payments were due and no interest accrued. Some continued making payments, but most did not. So, now is the time to rework that budget to factor in those payments. First, locate your student… Continue reading It’s Time to Rework the Budget, Student Loan payments begin soon
It’s OK to Spend your Hard-Earned Money
You’ve worked hard to earn your money, so why not enjoy it with your loved ones and on the things, you truly love! While it’s important to prioritize saving for retirement, building an emergency fund, and budgeting, it’s equally important to indulge in the things that bring you joy. So go ahead, treat yourself to… Continue reading It’s OK to Spend your Hard-Earned Money
Grandparent 529 Plans Now Even Better
In General, 529 plans don’t have much of an effect on financial aid, but not all accounts are treated the same by the FAFSA. Under previous rules you report parent-owned 529 plan balances on the FAFSA as parental assets, distributions from any 529 plan get reported as untaxed student income, and grandparent 529 plan balances… Continue reading Grandparent 529 Plans Now Even Better
