Recent Articles

5 Signs Your 401(k) Plan is Not Very Good

Not all 401(k) plans are created equal. Hidden fees are rampant in today’s 401(k) marketplace, and if you have a bad 401(k) plan, you may want to do some research before blindly maxing out your 401(k) contributions. But how do you know that you have a crummy 401(k)?

I Want to Buy a House – How Much Can I Afford?

Regardless of whether you rent or buy, housing is likely to be one of the largest expenditures you will have over your lifetime, second maybe only to taxes. Obviously, paying your tax bill feels a whole lot worse than paying your mortgage, which is why we all do our darnedest to minimize our tax liability. Still, making the right housing decisions can have just as much of an impact on your finances, and as a result, other areas in your life too.

The 2018 Tax Reform & How It Impacts You

As many of you know, there have been a lot of changes to the tax code under the Tax Cuts & Jobs Act that will affect everyone to some extent. Most of these changes are taking effect this tax year (2018) and will last until 2025, at least, so I thought it would be helpful to highlight a number of the changes here just in case you wanted to get started on your tax planning early this year (and you should)!

Back to School Time: Best Ways to Save for College

*Brrrrrriiing* That’s the sound thousands of class bells are making across the country right now to signify the start of another school year. For many students, it will be their final year before going off to college. And for them and their parents, the concerns around how to pay for higher education are about to become even more real. With the right plan, though, saving for college can be less burdensome than they, or you, might think.

Save on Taxes with this Year-end Checklist

As the holiday season approaches and you start to think about your New Year’s resolutions, it’s important to keep in mind that there are still some tactical things you can do before the end of the year to help save costs, maximize benefits, and more importantly, reduce your tax bill come April. While everyone’s situation is different and not all items will apply to you, I wanted to make a checklist of things you should think about doing before December 31.

Human Capital: Why It’s Important and How You Can Improve Yours

Dealing with a lot of clients in or nearing retirement, I would get a lot of questions about whether or not they had a large enough portfolio (or financial capital) to maintain their lifestyle throughout their retirement years. Once they understood what they had and then what their budget was, they were fairly comfortable with the process of receiving a “paycheck” from their investments and didn’t worry too much about their investment returns.

Traditional vs. Roth 401k: Which is Best for You?

Roth 401(k) and 403(b) accounts first hit the retirement plan market in 2006, but have only recently been more widely adopted by employers as an offering to their employees. While potentially another great option for you to save more for retirement, choosing between a Traditional and a Roth 401(k) adds yet another decision for you to make in your financial life. So together, let’s decide which is right for you.

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