When it comes to retirement planning, Social Security is more than just a monthly check — it’s a powerful tool that can shape your income strategy, tax exposure, and overall financial confidence in retirement. Below are six of the most common questions clients ask us about Social Security. The answers might surprise you — and they could help you make more confident, informed decisions about your future. 1. How are my benefits calculated? Social Security...
Let’s face it: kids are great at asking for things and not so great at understanding how money works. (If you’ve ever had to explain that your debit card is not a magical plastic wish-granter, you know what I mean.) But teaching kids about money doesn’t have to be awkward or complicated. In fact, it can be fun. Think of it as raising a future financially responsible adult who won’t blow their savings on collectible...
These days, scammers are like mosquitoes at a summer picnic—annoying, persistent, and always looking for someone to bite. And unfortunately, one of their favorite ways to strike is through email. If you’ve ever opened your inbox to find a message that just didn’t feel right, you’re not alone. Email scams are becoming more sophisticated all the time. But the good news is, with a few simple steps, you can dodge their tricks like a pro...
Spring is here! Birds are singing, flowers are blooming, and somewhere out there, your junk drawer is plotting its next hostile takeover. But before you get too distracted by the great outdoors, it’s a perfect time to give your financial plans a good spring cleaning. Not just the attic and garage—your money deserves some freshening up, too! Here are some quick, actionable tips to help you tidy up your finances and keep them in top...
Do you ever wake up in a cold sweat at 3 AM wondering if someone, somewhere, is opening a goat farm in your name? No? Just me? Well, friend, identity theft is real, and if you haven’t frozen your credit, you might as well be leaving your Social Security number on a sticky note at your local coffee shop. Let’s talk about why freezing your credit is the financial equivalent of locking your doors at...
Estate planning is one of the greatest gifts you can give your loved ones. While it may not be top of mind, taking the time to create a plan ensures your wishes are honored and your family is protected. Rather than leaving important decisions to the courts, you can take control of your legacy—providing clarity, security, and peace of mind for those who matter most. Many individuals delay estate planning because the process can feel...
What is financial fitness? Simply put, financial fitness describes your overall financial well-being, akin to how physical fitness pertains to your physical health. So, what does it mean to be financially fit? It’s not just about wealth or investing; it’s about having the knowledge, skills, and tools to make confident financial decisions. A financially fit person understands their money, manages it wisely, and feels empowered to reach their financial goals. Money should be a tool...
The new administration wasted no time making moves during its first week, with a whirlwind of executive orders and policy discussions—including tariffs, deregulation, and inflation measures. With so much in flux, let's break down what this could mean for the markets and your investments. Tariffs: A New Round of Trade Tensions? Tariffs are back in the spotlight, with new levies on China (10%) and Mexico/Canada (25%) potentially taking effect as soon as February 1st. While...
With Tax Day approaching, it’s the perfect time to ensure you’re taking full advantage of your tax-advantaged savings options for 2024. Here are two important options to keep in mind: 1. Maximize Your IRA Contributions Did you know you can still contribute to your 2024 individual retirement account (IRA) until April 15, 2025? It’s a fantastic opportunity to boost your retirement savings while potentially enjoying a tax deduction. Be sure to check the annual contribution...
Happy New Year! As we dive into 2025, it’s a perfect moment to take a step back and assess your financial health—especially since January kicks off Financial Wellness Month. Whether you're aiming to build more wealth, reduce your tax bill, or prepare for the future, now is the time to make moves that will set you up for financial success. Here are five essential tips and updates you should know to optimize your finances in...
The Internal Revenue Service has released inflation adjustments for Health Savings Accounts (HSAs) in connection with high-deductible health plans (HDHPs) for 2025. These changes could impact how much you’re able to contribute to your HSA next year, offering more flexibility as you plan for medical expenses. Key Contribution Limits for 2025 For 2025, the IRS has raised the annual contribution limits for HSAs: Individual coverage: Up to $4,300 (a $150 increase from 2024) Family coverage...
A Health Savings Account (HSA) is more than just a savings tool—it’s a smart, tax-advantaged way to help you manage your healthcare costs. Whether you're looking to save for current medical expenses or plan for the future, an HSA can play a key role in your financial strategy. Let's break down the three phases of using an HSA to maximize its potential. Phase 1: Contributing to Your HSA When you’re healthy and working, contributing to...
