Your Job Loss Action Plan
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Were you recently laid off? Are you being offered an early retirement package? Here is a list of actionable steps to help you navigate this period of uncertainty.
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Financial Blog For Busy Professionals & Impact Investors
Rules Have Changed for Children Inheriting IRAs
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If you inherit an IRA or Roth IRA from a non-spouse (such as a parent), the rules have changed. Here is what you need to know.
Read MoreShould you Report your Rent Payments to Credit Bureaus?
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Mortgage and auto payments are automatically reported to credit agencies, but rental payments are not. New services, however, are making it easier than ever to report this information. If your landlord gives you the option to report your rental payment history to the three (3) credit agencies - should you opt-in?
Read More3 Things to Review Before Buying a Condo
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Condo communities come with more stipulations and nuances than single-family homes. Reviewing these items, along with an inspection report by a professional that has experience with condos, can help you make the best decision possible for you and your family.
Read MoreCharitable Contribution Tax Tips
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Charitable contributions are one way that you may be able to reduce your tax bill. New rules, qualified charitable organizations, substantiation requirements, and more.
Read More3 Different Methods for Managing Household Expenses with your Spouse
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Couples use a variety of methods to manage their household finances. While some prefer to combine everything from the beginning, others are more comfortable, with separate accounts or a combination of joint and separate. Here are a few methods that may be helpful when having a discussion with your spouse about how you will be choosing to manage your household finances going forward.
Read MoreSay 'Hello' to the New(ish) 1099-NEC Form
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Beginning tax year 2020, compensation for non-employees (contractors or freelancers) will be recorded on a 1099-NEC. For example, if you were paid to speak at a conference, write an article, or engaged in a side gig, you may receive a 1099-NEC.
Read MoreWhat is unique about the TSP's "G Fund"?
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The Thrift Savings Plan (TSP) is the retirement plan for federal employees and members of the uniformed services. The G Fund is specifically issued by the Treasury Department for TSP participants and it offers a unique benefit. This is how it works.
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Be Careful Where You Deposit Your Inheritance
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Many of you will receive a gift or inheritance at some point in your life. If you are married, be aware of the implications of where you put that money.
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