Michael Hollis breaks down the Roth IRA 5-Year Rule for both contributions and conversions. An understanding of this rule is imperative when preparing to take withdrawals in retirement.

I remember vividly how my planting design instructor waxed poetically about how the residential landscape can be an expression of how nature places trees, shrubs, and understory in its harmonious order. Sometimes, that’s easier said than done…

If you’re a DIY tax filer, you may be just getting started and feeling overwhelmed. Here’s ten tips for tax filing to guide you along the way…

If you’re interested in a deep dive into filing your taxes, this post is for you. Michael Hollis will break down the 1040 form into seven subdivisions: Information About You, Income You Made, Deductions You Can Take, Taxes You Owe, Credits Applied to Your Bill, Payments You’ve Made, and the Refund Due or Balance Owed...

Michael Hollis gives you some key considerations and ideas to optimize your retirement account withdrawals for a long, financially secure, and stress-free retirement.

Michael Hollis gives you some key considerations and ideas to optimize your retirement account withdrawals for a long, financially secure, and stress-free retirement.

Michael Hollis discusses what to know regarding retirement contributions and what you can do when.

Michael Hollis explains the Illinois First Steps Program.

The Dala Group asks our clients to send us their insurance declarations so we can help them maximize their transfer of risk and minimize their costs. We always want to ensure that your assets are protected from risks and that you are covered by the insurance you need, not the add-ons you don’t need.

We’re getting to the end of the year. Have you met your retirement savings goals?

Holiday spending doesn’t have to derail your retirement savings. You can avoid typical pitfalls by returning to your values and goals. By focusing on what truly matters, setting clear financial objectives, and communicating honestly with loved ones, you can enjoy the holiday season without sacrificing your long-term financial security. The Dala Group would love to partner with you on your journey!

In the next two decades, a whopping $68 TRILLION is set to pass from the baby boomer crowd to us millennials. That’s a truckload of cash, folks! If you’re wondering how to ensure your hard-earned assets go where you want them to, you’re in the right place. I’m here to equip you with the lingo and insights to kickstart your game plan. It’s not just about shifting wealth; it’s about transmitting your values and vision to the next-gen – and it’s all done with love.

Rising inflation costs have triggered the IRS to announce one of the most significant jumps in the maximum contribution employees can make to their Health Savings Accounts (HSA) in 2024. This is an excellent opportunity to review HSAs, why they benefit financial and retirement planning, and how you can maximize their effectiveness.

Michael Hollis gives you five practical tips for maximizing your employee benefits and confidently navigating open enrollment.

When I develop these articles, I research, brainstorm, and write an outline. For this one, I could have gone on and on and on. I could write a whole book on the potential pitfalls that arise as we near retirement.

A knee-jerk reaction to spending money on something big can be put in check as you think about the long-term impact of the large purchase and your financial plan.

It’s easy to get caught up in the excitement of big purchases, whether it’s a new car or your dream home. But if these purchases eat up too much of your budget, they can keep you from reaching long-term goals like debt freedom or saving for college.