Taxes are done (unless you are on extension😊), and you may be thinking you don’t need to think about them again for quite a while. On the contrary, now is the perfect time to start preparing for your 2024 tax return. With some intentional planning, you can set...
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5 Things You Probably Don’t Know (Yet) About 529 Plans
A conversation with Pam Krueger, creator and co-host of PBS’s MoneyTrack and founder of Wealthramp.com If you’re a parent, you’ve probably heard about 529 plans, and if not, now’s the time to get informed. A solid 529 plan can help you save for your child’s education...
2023 Important Numbers
There are lots of important numbers that you need to keep in mind. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently. Given the variety of sources that report relevant numbers,...
Stock Options: Valuable, But More Complex Than You Might Think
If you work at a company that provides stock options, you may be wondering what role they should play in your investment portfolio. Are they a good opportunity that should be maximized? A hazardous one to minimize? Somewhere in between? The answer is complex,...
3 Important Tax Guidelines You Need to Know in 2022
We’ll explain how working remotely may impact your tax return, the tax rates for long-term capital gains, and how some business owners can work around the cap on state and local tax deductions (SALT). Did you work remotely for most of 2021? According to a Gallup...
5 Signs You Need an Accountant for Your Taxes
When it comes to doing things yourself, or hiring someone to help you, most people ask a simple question to decide: “Can I do this myself?” The answer to that is usually pretty simple, too. It’s either yes, you can, or no, you can’t. If you can’t do something...
What Are ETFs? Understanding These Tools and Their Uses in Our Investment Portfolios
If you have a retirement plan, brokerage account, or other type of investment vehicle, you’ve probably at least heard of a mutual fund before. Mutual funds allow easier access to a wider array of securities and assets than most investors could access or afford without...
These 2 Accounts Offer the Best Tax Advantage and Here’s Why
Understanding the different ways investment vehicles are treated from a tax standpoint can be tricky business. Terms like ‘tax-deferred’ and ‘tax-deductible’ can be confused or misunderstood given the gamut of financial jargon that peppers almost any financial...
Tax Reform: How Will It Affect Me?
In an effort to continue to provide you valuable personal financial information, over the net few months we will have a series of guest bloggers from the tax, insurance, and legal fields. This months guest post is from Megan Hubbard, CPA Senior Tax Manager at Mengel,...
What Everyone Should Be Doing Post-Tax Season
Taxes are done, now what? It’s time to think about these 4 things right now. Tax season has come and gone, and you may be thinking you don’t need to think about taxes again for quite a while. On the contrary, now is the perfect time to start preparing for your 2017...