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Savings
Help yourself out this year by knowing the recent change to the tax code as we approach the end of the year. The deduction will be very beneficial if you pay attention to itemized deductions and make sure taxable income hits below the necessary threshold.
Many of us have a list of places we would love to visit. We are blessed to live in a world with beauty worth seeing and intriguing history to learn, but all too often clients worry the expense of these trips will break the budget. Find out how to travel the world without spending money.
If you have children of your own, you've no doubt wondered about the best way to teach them to manage money. Everybody's approach is a little different, but, as with all things in life, the sooner we start educating our children about money, the more likely they'll become financially responsible adults.
529 plans have traditionally been about the future. While using them in the present is now possible, it limits the plan's inherent tax benefits and you may be unwinding what you prepared for college. With college tuition rising on an annual basis, we cannot afford to let the use of a 529 plan in the present replace what it was initially designed to do.
83% of physicians under age 40 claim that they have unique or more complicated financial needs than other professions. I believe this to be true as well, but you have to find the time to address the unique or more complicated financial needs – otherwise you’ll resort to a “get rich quick” scheme in later years because it will be too late to fix.
