Last week we discussed building generational wealth, and we mentioned starting a 529 plan for your child’s tuition. If your child can graduate college debt-free, that gives them a considerable advantage in entering the workforce. But there is much more to the 529 plan than what was covered in the generational wealth article. So, this […]
Often people think of generational wealth as something for millionaires and billionaires. But your last name doesn’t have to be Rockefeller or Carnegie to help give the next generation a financial leg up. Generational wealth can take many forms, but you must position yourself to accomplish it. Here’s how. Save money That may sound too […]
The economic ocean in the United States has been clear and calm for the last decade. Cheap lending rates made some bad stocks seem good. They also brought in a lot of new money into other investments like real estate and cryptocurrency. But with the Fed raising interest rates, the tide is pulling back quickly. […]
Admittedly, many articles on this blog regarding taxes are cautionary. However, that’s prudent since the goal is to help you navigate events like audits and avoid pitfalls like liens against your personal property. But it’s not all doom and gloom with the IRS. A tax refund can be a bright spot in your year and […]
The Federal Reserve made its biggest interest rate hike in 22 years, and more are on the horizon. In an environment like this, where inflation is outpacing personal income and the investment outlook is murky, it can be easy to get lost in confusion. International strains like the war in Ukraine and ongoing pandemic restrictions […]
It can be easy to take things for granted in today’s booming job market. And while it seems like jobs are available for the taking today, that situation can change at any time. That’s why it’s essential to be ready for a rainy day by creating an emergency fund. Most experts recommend having three to […]
Planning for the future can be stressful, but it is necessary. Luckily, a 401k can help to reduce the stress of retirement and put your mind at ease about the future. So what is a 401k? A 401k is a retirement plan that allows employees to save and invest for their retirement on a tax […]