We’ve spoken a lot in this space about IRAs: traditional IRAs, Roth IRAs, backdoor IRAs and so on. And we’ve always presented these vehicles as fairly conventional, plain-vanilla places to save for your golden years. After all, IRA stands for individual retirement account. Or does it? There are any number of ways you can take […]
The American middle-class family has three major reasons to put money aside. The first is buying a starter home. The last is, as you already know, retirement. But there’s that one in the middle that often gets neglected by investors and advisors alike: your children’s college education. The 101 on 529s The most commonly referenced […]
Some of the most hackneyed suggestions you’ll hear from financial advisers is, “Don’t invest with emotion.” We’re going to gently push back on that notion a little. The reasons why you invest are deeply emotional because the stakes are high. This isn’t about scorekeeping, it’s about ensuring that your loved ones—yourself included—are provided for when […]
If you are like most of us, you haven’t thought too deeply about your retirement savings for some number of years. With the W-4 form, you might have made a selection the day you were onboarded and haven’t given it a whole lot of attention since. You get your periodic statement from your retirement plan, […]
As we wind down financial literacy month, I can’t help but think about the recent Marvel release of Avengers: Endgame. Why? First, I grew up a bit of a comics nerd and am now a stalwart believer that 90s X-Men are the best of all iterations of X-Men. Second, I’ve shared the experience of the […]
If you collect inspirational, empowering quotes, then you’ve already heard this one a million times: “I skate to where the puck is going to be,” hockey legend Wayne Gretzky once said, “not where it has been.” At the time of this writing, it’s a hundred degrees outside in most cities with a National Hockey League […]
We have a lot to be grateful for. I’m sitting here writing a financial newsletter, and you’re sitting there reading it. That means we both, thank goodness, have enough money to be concerned about investing it. We’re not living paycheck-to-paycheck, as so many others are. We’re probably not even living in fear of a sudden […]
If you’re like most of us, you haven’t thought too deeply about your retirement savings for some number of years. You might have made a selection on your W-4 form the day you were on-boarded and haven’t given it a whole lot of attention since. You get your periodic statement from your retirement plan, and, as […]
In any given year, it’s good practice to take a look at your payroll deductions. But it’s even more urgent now, considering the seismic shift in tax policy from 2017 to 2018. The Tax Cuts and Jobs Act of 2017 might reduce your tax burden and is intended to simplify your filing. But if you’re […]