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5 Common (and Avoidable) Tax Planning Mistakes We See High Earners Making
High earners often miss out on significant tax savings by making common mistakes such as overlooking deductions and inefficiently managing investments. Our guide highlights five key tax planning errors and provides actionable strategies to help you reduce your taxable income and protect your wealth.
If the Market Goes Down, Can You Still Retire on Time?
Market volatility can be unsettling, especially as you approach retirement, but you don’t have to lose sleep over it. With the right strategy—like maintaining a cash reserve and staying focused on long-term goals—you can stay on track to retire on time, no matter what the market does.
How 529 Plans Are Becoming Even More User-Friendly in 2024 via the SECURE Act 2.0
Worried about retiring on time with a fluctuating market? The key is not trying to time the market but staying focused on your long-term plan. Learn how you can stay on track, no matter what the market does.
Are You Taking Advantage of Catch-Up Contributions? SECURE Act 2.0 Changes You Need To Know
The Secure Act 2.0 is making changes that are critical for any investor over 50, and high earners, to be aware of.
How to Pay Fewer Taxes on Your 401k Withdrawals in Retirement
When you retire, paying fewer taxes on your 401k withdrawals can help you maximize your savings. By planning and using strategies like Roth conversions, early withdrawals, and charitable giving, you can reduce the tax impact. Explore five ways to minimize taxes on your 401k withdrawals and enjoy more financial freedom in retirement.
Why You Shouldn’t Make Financial Resolutions (And What to Do Instead)
At the start of a new year, it’s tempting to set financial resolutions, but they often fall short. Instead of vague resolutions, focus on setting value-driven goals that align with your long-term vision. Learn why defining actionable steps can lead to more meaningful and achievable results.
How Much Debt is Too Much Heading into Retirement?
As more retirees face debt, it's essential to create a proactive debt management strategy before retiring. Learn how to evaluate your debt, prioritize high-interest balances, and make a plan that fits your lifestyle and financial goals.
4 Tax-Savvy Charitable Giving Strategies At Year-End
As the year draws to a close, it's an excellent time to consider tax-savvy charitable giving strategies that can enhance your impact and savings. Explore methods that can help you maximize your charitable contributions while optimizing your tax benefits.
What The New I Bond Interest Rate Means For This Valuable Inflation-Proof Investment
I Bonds can be a powerful savings tool. They have new inflation-adjusted interest rates, so let’s examine the details and their potential impact.
Planning to Retire Next Year? 5 Things You Won’t Want To Miss
Are you planning to retire next year? Before you do, make sure you cover all your bases. From deciding when to claim Social Security to creating a retirement budget, there are several key steps to take.
Student Debt Relief: What You Need To Know
The Biden Administration's student debt relief program provides financial assistance to borrowers based on their income and Pell Grant status. The process to apply is simple and can be completed online. Be sure to review the eligibility criteria and deadlines to take full advantage of this opportunity for debt relief.
Important Updates About Next Year’s Social Security Cost of Living Adjustment
To counteract inflation's effects the Social Security Administration increases payments with an annual Cost of Living Adjustment (COLA). How does it affect you?
It's Medicare Season! How Can You Take Advantage of Open Enrollment?
Medicare open enrollment is a great time to enroll for the first time or adjust your current elections.
What You Need to Know About Estate Planning in Illinois
Illinois has some unique estate planning factors, it's essential to consider your plan holistically.
5 Retirement Savings Myths To Unlearn
It's critical to plan for a longer life than you think, which means more saving for lifestyle, healthcare, insurance, taxes, and more.
Student Loan Forgiveness: What You Need To Know
President Joe Biden announced on Wednesday, August 24, 2022, that a student loan forgiveness plan would go into action this year for federal loan borrowers.
What’s Your Net Worth? (And Why It’s A Big Part of Your Financial Story)
Knowing your net worth makes getting where you want to go easier, and all of that information helps you chart the most efficient route.
Estate Planning Series: Why The Beneficiary Designation Is So Powerful
Your estate plan likely has many moving pieces — wills, trusts, power of attorneys, and more.