Key Retirement and Tax Numbers for 2020
We detail a few of the key adjustments for 2020 that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts.
Retirement Plans for Small Businesses
As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to an employer-sponsored retirement plan. In return, however, you’re required to include certain employees in the plan, and to give a portion of the contributions you make to those participating…
How Will the SECURE Act Affect Me or My Small Business?
The SECURE Act represents the most sweeping set of changes to retirement legislation in more than a decade. How will it affect you?
Choosing an Income Tax Filing Status
There are five tax filing statuses. Choosing the right one can save you money.
Hindsight Is 2020: What Will You Do Differently This Year?
People make financial decisions all the time, and sometimes these decisions don’t pan out as intended. Hindsight is 20/20, of course. Looking back, would you change anything?
Properly Insuring Your Business
No matter how big or small your business, you must plan for accidents and other risks if you want your business to thrive. We explain how insurance can help.
Could you survive a no-spend month?
Would you take on a 30-day challenge to spend money only on necessities such as rent, utilities, and groceries? During a no-spend month, many common activities—including dining out, buying movie or concert tickets, and shopping for clothes—are avoided at all costs.
FIRE: Four Things You Need to Know About This Hot Retirement Movement
Curious about this hot retirement trend? While it can lead to an early retirement, it does require careful planning, savvy saving and investing habits, and potentially big sacrifices.
For College Savings, 529 Plans Are Hard to Beat
Raising kids is hard enough, so why not make things easier for yourself when it comes to saving for college?
Year-End Tips for Charitable Contributions
You need to be careful, as scammers out there are pretending to be legitimate charities looking to take advantage of your generosity for their gain.