In 2024, the Roth IRA contribution limit is $7,000. For those over the age of 50, there is an additional $1,000 catch-up contribution allowed bringing the total to $8,000. The incredible tax benefit of a Roth IRA is that in exchange for foregoing a tax deduction on your contribution the
For most investors, the 529 account is the most used account type to save and invest for a child’s education. This type of account provides for tax-deferral on the growth of the investments and if the funds are used for ‘Qualified Educational Expenses’ the funds can be withdrawn tax free.
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In 2024, the Roth IRA contribution limit is $7,000. For those over the age of 50, there is an additional $1,000 catch-up contribution allowed bringing the total to $8,000. The incredible tax benefit of a
The benefits of tax-deferred accounts like 401(k)’s, IRA’s, and HSA’s, among others, are often touted and generally for good reason. That said, the benefits of a taxable investment account tend to be overlooked but can
Estate planning is a crucial aspect of financial planning for individuals of all ages and income levels. Having the right estate planning documents in place ensures that your assets are distributed according to your wishes,
Create an Online Social Security Account at SSA.gov This step becomes more important as you approach age 62 (the earliest age you can claim social security) and is critical if you are over that age.
All of our clients have heard this talk and many of them have heard it several times. This chart is from the JP Morgan Guide to the Markets and we’re going to pull two lessons
This is a little sample from the Finance 101 meetings that we do with our client’s children. Young adults need to learn about money and investing – this story is about the time value of
The First Step It was September of 2011 and I tipped the scales, didn’t like what I saw and decided it was time for a change – 282 pounds. I had decided I wanted to
As I write this post, it is the second round of the 2023 NCAA tournament. I proudly boast a near perfect bracket – having selected the winner of 29 of the first 32 games correctly.
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