“Nothing is certain except death and taxes.” Benjamin Franklin was certainly right about a lot of things over his lifetime. And it absolutely feels like taxes are unavoidable, but are they really? Well, no! There are certain investment types that are completely tax-free.
While you probably shouldn’t be too concerned with dropping the amount of taxes you pay each year down to zero, understanding how your investments can impact your taxes and using that to your advantage is a great way to maximize your money. Read More
When you donate money to charity, it not only can make a big difference in someone’s life, it can also reduce your tax liability by lowering your taxable income. Contributions are tax deductible only if made to a qualified organization.
Are you wondering how charitable contributions can affect your finances? Keep reading to find out how giving to charity can benefit your funds. Read More
Did you know that a whopping two in three families don’t have an emergency savings fund? Is it any wonder, then, that over half (53%) of adults feel financial anxiety?
These statistics are even more relevant in 2021. With the worldwide pandemic and global financial instability, we have a lot to lose. Are you feeling particularly anxious due to your finances this year?
If so, then the following financial tips are for you. Read on to learn some awesome finance facts that you’ll wish you’d known sooner! Read More
Investing can seem a challenging world to break into, or even understand sometimes. There are ETFs, stocks, bonds, mutual funds, CDs…and who could forget the good ole annuity? However, investing for beginners doesn’t need to be so complicated.
Becoming an investor is simply preparing your money for the future. Whether that’s investing in stocks or moving your money into other investments, your money should be working towards your future. Read More
Did you know that 48% of older Americans have no savings in retirement plans (such as an IRA or 401k)? If you’re one of them, there’s a good chance that you’ll face very serious financial issues as you grow older.
The good news is that it’s never too late to get started! Once you understand the must-know retirement plan basics, you can open an account and start putting money away for your future.
Stick with us as we answer important questions like “What is a 401k plan?” and “How does a 401k work.” By the time we’re done, you’ll feel confident opening up one of your own.Read More