Year-End Tax Planning Checklist (2019) – Individual Filers

With the end of the year right around the corner, now is a great time to sit down and review your tax picture. Many strategies, such as maxing out your pre-tax 401(k) contributions or selling taxable loser investments, must be done by December 31 to take advantage of them. While tax planning is essential to […]

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5 Ways to Increase Cash Flow

The saying “cash is king” rang true when 6% interest in a savings account was a possibility. Today, with interest rates near historic lows, it’s cash flow that’s fueling wealth creation. If you have plenty of cash left over each month after meeting your financial obligations, you have funds you can put to work. You […]

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5 Money Habits of the Wealthy

Let’s be real, most multi-millionaires did not obtain their wealth overnight. Instead, their wealth was the compounding effect of years and years of healthy financial habits. The direct result of prioritizing saving and frugal spending habits over materialism and knee-jerk reactions with money. In this article, we cover five money habits of the wealthy that […]

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Choosing the Right Legal Structure for Your Business

Starting a new business is a thrilling time. As exciting and fun as it is, however, it can also be tremendously painful and challenging. To give yourself the best chance at long-term success, you must think through all the possible outcomes of your business. One of these particular challenges in the early phases is determining […]

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Best Places to Put Cash When Interest Rates Are Low

On September 18th, 2019, the Federal Reserve cut interest rates another quarter-percent, lowering its target rate to 1.75-2%. For borrowers, this cut translates to cheaper loans and likely thousands of dollars saved in interest payments. For savers, however, yield is becoming harder and harder to find. Traditional cash savings accounts pay very little anymore. Economic […]

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3 Ways to Use Home Equity in Retirement

According to a Federal Reserve report released earlier this year, Americans owned 60.4% of their homes in the first quarter of 2019, which is the highest level of equity in the United States since 2002. For homeowners nearing retirement age, home equity is often the largest source of wealth on their balance sheet. This fact […]

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5 Ways to Create Tax-Free Retirement Income

In building strong investment portfolios, a critical component is “diversification.” By diversifying, you spread your investments across different asset classes in order to limit your exposure to risk and reduce volatility over time. Most people are familiar with this type of diversification and why it’s important. However, many people are unfamiliar or unaware of another […]

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A Simple Guide to After-Tax 401(k) Contributions

Many 401(k) plans these days offer the ability to contribute above and beyond the maximum annual limit ($19,000 in 2019) by utilizing an after-tax account. As of 2015, about 48% of all 401(k) plans offered this feature, but many plan participants are unaware of its existence or just don’t understand it. Yet, for those already […]

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What to Do with RSU’s

If you work in the tech industry, you may have Restricted Stock Units (“RSU’s”) as a part of your overall compensation package. RSU’s offer several advantages for both employer and employee. In particular, RSU’s are “restricted,” meaning access to them is provided on a vesting schedule. This aspect incentivizes employees to stick around long-term and […]

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5 Tips for Caring for Aging Parents

Aging is a daily fact of life, but it also comes with its own set of challenges. “As the Baby Boomer generation ages, 10,000 people turn 65 daily…there are [now] more than 50 million seniors” in the United States, according to CareGiverHomes. Even more startling is that “this trend is expected to continue until 2029.” […]

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