Reducing your tax bill for 2023
Over the years I’ve asked my CPA the same question that you have probably asked yours: “What can I do to lower my tax bill?” After the close of the tax year the answer is unfortunately uniform: “Not much.”
👩🎓Options with excess funds in a 529 plan
It's a good problem to have: Let's say you saved too much for college for your child in a 529 plan.
Teaching kids to be financially responsible
Although discussing the topic of money with your kids can be uncomfortable, it is a necessary step in their development. I've said in the past that I came out of high school knowing what Sine, Cosine, and Tangent were but if not for my parents, wouldn't know how to balance a checkbook. Few schools (if any) teach courses on how to handle money the right way. Without learning money management skills at home, your kids are going to be in for a few nasty surprises when they get older.
Social Security Survivor Benefits
Survivor planning is an important consideration in relation to maximizing your Social Security benefits. It is worth taking time to understand how Social Security survivor benefits will work for your personal family situation.
4 must-do’s before you retire
Preparing for retirement involves a number of activities, but it also requires some deep thinking about how you want to live in a new stage of your life. Because it is one of those big life changes, it requires some planning. Here are four things you need to do to be ready.
Do you know someone that recently lost a spouse?
The loss of a spouse. This is a devastating event to say the least. Not only has one lost their life partner but also may see their entire financial situation changing.