Are You Relying Too Heavily on Your Credit Cards? A recent survey from Clever highlights how heavily Americans depend on credit cards. The study finds that 53% of respondents carry credit card debt, with an average balance of $7,719...
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How Much Should You Spend on Your Mortgage? If you’re worried about the size of mortgage payments, you’re not alone. With the median home price over $400,000, your mortgage is likely to be your biggest monthly expense. Let’s take...
IRAs: Taxes, Rules and Withdrawal Strategies An individual retirement account is a tax-advantaged account designed to help you save for retirement. The two most common types — traditional and Roth — differ mainly in when you pay income taxes....
Aiming for a Better Credit Score It is easy to promise yourself that you will lose weight, eat better or exercise more in the coming year. Sticking with those resolutions, however, is much harder. Financial resolutions tend to be...
Don’t Outlive Your Money: Planning for Longevity Risk Many people estimate their lifespan based on their parents’ experiences, often overlooking generational gains in longevity. As a result, Americans frequently underestimate how long they’ll live and may save less than...
The Value of Trusts in Estate Planning Trusts are a foundational estate planning tool because they allow you to establish legally binding rules for asset distribution after your death while setting management guidelines during your lifetime. A trust can...
IRS Announces Two Business Mileage Rates for 2026: What Business Owners Need to Know The IRS has announced an important change to the standard mileage rate for business driving during 2026. Unlike prior years, there will be two different...
Exempt vs. Nonexempt Employees: Understanding the Differences Classifying employees as exempt or nonexempt is not merely a formality; it affects workers’ rights and employer obligations. Misclassifying employees can expose you to back wages, penalties and enforcement actions. Understanding the...
Dear Valued Client, We would like to make you aware of an important new savings opportunity available for families:Trump Accounts, a new tax-favored investment account designed to encourage long-term savings and financial literacy for children. Under current law, Trump...
Understanding the Tax Consequences of Canceled Debt When you borrow money and are legally obligated to repay it, you have a debt. If a creditor later forgives that debt or agrees to accept less than the full amount owed,...