Day: January 2, 2023

One of our two most-popular asset allocations is the 60% stock and 40% bond portfolio.

College tuition has historically increased a whopping 6% annually, which makes investing early for college so important. 529 plans are an excellent, tax-free way to save for higher education expenses. How Much to Contribute A contribution to a 529 account is considered a gift to the beneficiary. You can gift up to $17,000 to each […]

Health savings accounts are triple tax-advantaged. These accounts have become increasingly popular, as they allow employees access to a tax-deferred means of saving money to pay for medical costs now and in retirement.

Generally, for mortgages obtained after December 15, 2017, you can deduct all of the interest you pay on a home mortgage, up to $750,000, as…

Roth IRA conversions have gained popularity, thanks to the removal of the income cap on conversions several years ago. A Roth IRA allows your principal and earnings to grow completely tax-free, because contributions are made to a Roth IRA after tax.

Putting away part of every paycheck for your future is a powerful way to set yourself up for financial success. If you have a 401(k), 403(b), or 457 plan, you can contribute $22,500 in 2023. If you’ll be at least age 50 by December 31 of 2023, you can make an additional contribution of $7,500, […]

If you are confident that you have excess capital beyond your retirement and life-spending needs, you may use a Roth IRA for estate planning.