Adding your child as an authorized user on your credit card might seem like a smart way to boost their credit score, but it could backfire and damage their credit history. Here’s why you should let your child build their own credit score and handle their own finances.
Do you get a large tax refund or owe money to the IRS every year? Learn why this is not a good strategy and how to optimize your tax withholding to break even on your taxes.
Mint, the leading budgeting app for many years, is shutting down on January 1, 2024. If you are one of the millions of Mint users, you might be wondering what to do next. Don’t worry, there are plenty of other great budgeting software options that can help you manage your money. In this article, we will review some of the best ones and how they compare to Mint.
If you inherited a 401(k), you need to know your options and take the right steps to avoid unnecessary taxes and penalties. The rules for inheriting a 401(k) depend on your relationship to the original account owner and the type of 401(k) they had. This article will explain the general guidelines for spouse and non-spouse beneficiaries, and provide some useful resources to help you make an informed decision.
How to invest in a 401k is one of the most common questions I get as a financial advisor. In this article, I will explain the factors that affect your 401k investment choices, such as your risk tolerance, your goals, and your options. I will also share how I can help you with a free complimentary 401k review.
Navigating the World of Retirement Plans Are you puzzled by the differences between a 403(b) and a 401(k)? You're not alone. Many individuals find themselves in the same boat, wondering why these retirement plans seem so similar yet bear different names. The truth is, they share more in common than you might think. In this article, we'll unravel the mysteries surrounding 403(b)s and 401(k)s, helping you understand the key distinctions and, more importantly, how these plans can work for your financial future. When it comes to saving for retirement, it's crucial to grasp the intricacies of your chosen plan. So, let's embark on a journey through the world of retirement savings and discover how a simple tax code can give rise to distinct titles for similar financial tools. Whether you're considering a career change or planning for retirement, this information will empower you to make informed decisions about your financial well-being.