You’ve probably noticed that insurance premiums are on the rise. And fast. While auto insurance and health care plans have seen upticks, one of the most dramatic spikes has been in homeowners premiums, especially in areas vulnerable to natural disaster. Wildfires, hurricanes, and other major...
Inheritances come in all shapes and sizes, whether an heirloom left to you by a loved one or a life-changing financial windfall. Regardless of the form it takes, figuring out what to do next can be a crucial question. This is especially true with inherited...
As individuals approach the culmination of their careers, concerns about financial stability and lifestyle transitions often come to the forefront. The journey of Evelyn and Thomas showcases the thoughtful preparation and sacrifices required to transition from demanding professional lives to a fulfilling retirement. Their meticulous...
This past month has been a rollercoaster for stocks and if you’re starting to feel the pain, you're not alone. Let’s make some sense of what’s going on. Watch as a video instead: https://youtu.be/_nC3e83HZH4 We have experienced pullbacks in all major market indices, and large corrections...
401(k), 403(b), i401(k) and 457 Plans Contribution Limit: $23,500 (up from $23,000 in 2024) Catch-Up Contribution Limit (Age 50 and over): $7,500 (total contribution limit: $31,000) New! Special Catch-Up Contribution Limit (Ages 60-63): $11,250 Total Contribution Limit (including non-deductible contributions for “Mega Backdoor Roth” for those over age 50):...
Are you familiar with the butterfly effect, or how small actions can have big, often unexpected ripple effects? The classic example (and its name source) is a butterfly flapping its wings in one locale altering the air pressure just enough to generate a tornado halfway...
When it comes to our finances, we’re only human. We make good decisions and sometimes, not-so-good decisions. Behavioral biases play a big role in our savings, spending and investing decisions. But there’s another reason behind some of the financial decisions we make: It’s how we...
Medicare Essentials: Making the Most of Your Healthcare Options Medicare is a federal health insurance program in the United States designed primarily for people aged 65 and older. This guide aims to provide an overview of Medicare, its various parts, and important considerations for enrollees. The History...
Exploring the fundamental principles of compounding interest and illustrating how the power of compounding can significantly impact your investments, especially when you start investing early in life....
Every investor - or rather - smart investors know they should ignore any and all market predictions. They are rarely correct and often lead us to poor decision making. Why is it, then, that we are so easily sucked in to believing these ideas during...