Tax season can be overwhelming, but taking a few strategic steps before filing can help you maximize your refund. Even if you’re short on time, these last-minute tax tips can make a significant difference in reducing your taxable income and increasing your potential refund. 1. Contribute to an IRA or HSA If you haven’t maxed [...]
Life insurance isn’t just about covering final expenses—it can also be a powerful tool for leaving a lasting financial legacy for your children and grandchildren. Whether you want to provide financial security, support educational goals, or pass down generational wealth, life insurance offers a structured way to achieve those objectives. Ways to Use Life Insurance [...]
Mark-Et Minute 2/25/2025 Year to Date Market Indices as of February 25th, 2025 • Dow 43,584 (2.4%) • S&P 5,957 (1.29%) • NASDAQ 19,078 (-0.12%) • OIL $68.79 (-4.26%) • Barclay Bond Aggregate (1.9%) • Gold $2,905 (10.52%) Addressing Investor Questions on Tariffs and Inflation An examination of the potential impact of the proposed levies [...]
For many parents and grandparents, deciding how to allocate savings between a loved one's college education and their own retirement can be challenging. While both are important financial goals, it’s essential to strike the right balance so that neither is compromised. Here, we share some strategies to help you manage both priorities effectively. 1. Put [...]
Taxes play a significant role in shaping your investment returns, making it essential to implement strategies that reduce your tax burden while fostering growth. A tax-efficient investment plan helps ensure that more of your hard-earned money stays invested and working for you. 1. Maximize Tax-Advantaged Accounts Leverage investment accounts that provide tax benefits: 401(k) and [...]
Receiving a raise is an exciting moment—it’s a reward for your hard work and an opportunity to improve your financial well-being. While it might be tempting to splurge, using the extra income wisely can set you up for long-term success. These strategies can help you make the most of your raise and build a stronger [...]
The new year is a perfect time to streamline your financial life, reduce stress, and create a system that works for you. Simplifying how you manage your finances not only saves time but can also help you stay on top of your goals and avoid costly mistakes. These practical tips will help you start the [...]
The holiday season often inspires generosity, making it a perfect time to give meaningful gifts to loved ones. While sharing your wealth can bring joy, it’s essential to be mindful of federal gift tax rules. Properly planning your gifts not only ensures compliance with tax laws but can also serve as a strategic way to [...]
The holiday season is a time for gathering with loved ones, reflecting on the past year, and planning for the future. It’s also an ideal opportunity to discuss important topics like estate planning. While these conversations may not feel festive, they are one of the greatest gifts you can give to your family—providing clarity, reducing [...]
As the end of the year approaches, it’s crucial for business owners to review their financial plans and make strategic adjustments to maximize tax savings and retirement contributions. Taking time for year-end planning can help reduce your tax liability and set a solid foundation for the new year. Here are some valuable tips to consider: [...]