Redefining Retirement: The traditional notion of retirement, marked by leisurely days spent in quiet relaxation, is undergoing a profound transformation. The vision of retirement is changing dramatically. For decades, retirement conjured images of rocking chairs and golf courses. But the landscape is shifting. Today, individuals are redefining retirement. New retirees are prioritizing fulfillment and purpose ..read more

A Health Savings Account (HSA) is a tax-advantaged savings account that individuals can use to set aside funds for qualified medical expenses. HSAs are designed to work together with high-deductible health plans (HDHPs), which are health insurance plans with higher deductibles and lower premiums than traditional health insurance. Health Savings Accounts (HSAs) have become increasingly ..read more

10 Essential Money Saving Tips for 2024. It’s 2024. You turned a new chapter of your life. Here is an opportunity to make smart financial decisions and change your future. I have my list of ideas to help you care for your financial health in 2024. Here are our 10 Essential Money Saving Tips for ..read more

There are seven federal tax brackets for the 2024 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Every year, the IRS modifies the tax brackets for inflation. Your specific bracket depends on your taxable income and filing status. These are the rates for taxes due in April 2025. Marginal tax rate The marginal ..read more

The Roth IRA contribution limits for 2024 are $7,000 per person, with an additional $1,000 catch-up contribution for people who are 50 or older. There is a $500 increase from 2023. Roth IRA income limits for 2024 Roth IRA contribution limits for 2024 are based on your annual earnings. If you are single or a ..read more

Solo 401k is a retirement plan for solo entrepreneurs who don’t have access to traditional employer retirement plans. In the dynamic landscape of entrepreneurship, solo business owners often juggle numerous responsibilities.  Between managing their business and spending time with family, they also plan for their financial future. For those seeking a powerful tool to supercharge ..read more

Last minute 401k moves to make in 2023 to boost your retirement savings. Do you have a 401k? These six 401k moves will help you grow your retirement savings and ensure that you take full advantage of your 401k benefits. 2023 has been a very choppy year for investors. Both stocks and bonds have experienced ..read more

Tax Saving Moves for 2023: As we approach the end of  2023, I am traditionally sharing my favorite list of tax-saving moves to help you lower your tax bill for 2023. The US tax rules change every year. 2023 was no exception. 2023 has been another challenging year for investors. The interest rates are rising ..read more

What is RMD? Required Minimum Distributions (RMDs) are mandatory withdrawals that individuals with tax-advantaged retirement accounts like Traditional IRAs, SEP IRAs, and 401k must take after reaching a certain age. These accounts come with certain tax advantages. Typical contributions are tax-deductible. And all earnings grow tax-free. The purpose of RMDs is to ensure that individuals ..read more

Planning for Retirement with Stock Options and RSUs can be complex and overwhelming. Retirement planning is a crucial aspect of your financial independence. And for individuals fortunate enough to have stock options and Restricted Stock Units (RSUs) as part of their compensation package, these assets can play a significant role in securing a comfortable retirement ..read more