If you’ve ever stared at your tax return and wondered if it was written in runes, the One Big Beautiful Bill Act (OBBBA) won’t fix that, but it does change a lot, starting with the 2025 tax year. Here’s what matters for planning, with the key years and income limits spelled out. Retirees and Near-Retirees Starting in 2025, there’s a new senior deduction of $6,000 per eligible person. It phases out starting at $75,000 of modified adjusted gross income (MAGI) for single filers

Retirement is one of life’s biggest transitions. While it’s tempting to picture it as the day you swap your office chair for a hammock, the reality involves important financial, healthcare, tax, and lifestyle decisions. Careful planning can prevent unpleasant surprises and help you step into this new chapter with confidence. Cash Flow and Income Planning The first priority is understanding how money will flow once the paychecks stop. A clear income and expense plan keeps your

Charitable giving is as personal as it is financial. Some people give quietly, others make philanthropy part of their identity, and many want to know their dollars are making a difference. No matter the motivation, there’s usually another factor at play—taxes. If you find yourself giving regularly or in larger amounts, you may have heard about donor-advised funds (DAFs). They’ve become one of the fastest-growing tools for charitable giving, but should you use one? What Is a D

Running a small business means wearing a lot of hats: CEO, HR, janitor, IT “expert,” and sometimes therapist for your employees when the coffee runs out. With all that, figuring out a retirement plan might not be at the top of your list. But here’s the reality: the right retirement plan not only helps you save for your future but also makes your business more attractive to employees (and keeps the IRS happy). So, let’s break down the common retirement plan options available t

Charitable giving can be more than a generous act. It can also be a strategic part of tax planning, estate design, and building a long-term legacy. Whether you're donating appreciated stock, converting a taxable asset into income, or planning for heirs and causes you care about, there’s likely a giving vehicle that fits your goals. Here are five of the most common charitable giving tools in use today. Donor-Advised Fund (DAF) A donor-advised fund is a charitable account you s

Running a business or working as a 1099 independent contractor offers flexibility, opportunity, and autonomy. But it also introduces a layer of complexity that can blur the line between personal and professional finances. Whether you're just starting or have been in business for years, it's worth revisiting how your business activity impacts your long-term financial health. Here are ten key questions to help you evaluate the strength of your financial strategy: 1. Is your per

Starting a business can be one of the most rewarding steps in your financial journey. It offers autonomy, flexibility, and the chance to...

So, your child is technically an adult now—off to college, starting a job, or maybe just relocating from their childhood bedroom to your...

When was the last time you reviewed your property and casualty insurance? If the answer is “back when flip phones were a thing,” it might...

Selling a home can be an emotional roller coaster. It’s like sending your firstborn off to college: a mix of pride, panic, and the sudden...

Imagine this: You're sitting down for your annual financial check-up, coffee in hand, expecting to breeze through the process. But then,...

When a parent passes away, the emotional weight can be overwhelming—but at some point, the practical tasks start piling up. Financial...

Losing a spouse is one of life's most profound transitions—one that brings an overwhelming mix of emotions, responsibilities, and...

Life comes at you fast. One minute, you're learning how to ride a bike, and the next, you're trying to figure out Medicare enrollment...

Investing in the S&P 500 often feels like owning a diversified slice of the American economy. After all, it comprises 500 of the largest...

Earlier this year, I wrote an article on essential strategies to “Up Your Personal Cyber Security Game: Safeguarding Your Finances in the...

When it comes to financial planning, many individuals focus on retirement savings, investment strategies, and tax efficiency. However,...

Let’s face it: paperwork isn’t anyone’s favorite pastime. You're not alone if you’ve ever wondered whether you need to keep that receipt...

Planning for aging parents is one of the most emotionally and financially complex tasks many of us will face. It involves navigating the...

RSUs are a valuable form of employee compensation, offering a way to share in your company's success. However, they come with tax...