Want to pay less taxes? If given a way to legally reduce tax liability, most Americans would welcome that opportunity with open arms. But methods for doing so aren’t always obvious—and may be tricky in certain circumstances. Two such situations include working in the...
With today’s headlines, you might be wondering if your financial situation is secure. Taking stock of your finances can be a great place to start establishing financial certainty. While evaluating your financial picture and addressing your financial wellness might...
Money is one of the major sources of stress in a relationship. A study released by the American Psychological Association found that almost three-quarters of Americans experience financial stress at some point in their lifetime. What causes financial stress in a...
If you’re feeling overwhelmed when you think about money, you’re not alone. In its annual Stress in America: Paying with Our Health study, the American Psychological Association reported that 72% of adults in the U.S. feel stressed about money at least some of the...
Life is full of twists and turns, a number of which can have outsized impacts on your finances. Whether you’re saving for retirement, buying a home, or planning for your children’s education, building and monitoring a financial plan throughout your lifetime is...
Earlier this month, CNBC noted the top 3 financial New Year’s resolutions that Americans are trying to accomplish in 2024 are: Saving more money Paying down debt Spending less money How do you work to achieve these things? As we head into the New Year, it's time to...
It's that time of year when many people set goals with the hope of changing their lives in the months to come. Some may set their sights on losing a significant amount of weight or training for a marathon, while others may want to spend more time with family or other...
What will your legacy be? As you think about what you want to leave behind, you might be considering giving your assets away during your lifetime instead of after you pass. Maybe you’re thinking about gifting property to an adult child, or signing over assets to a...
With the end of the year quickly approaching and generosity in the air, it’s a perfect time to revisit your plans for giving gifts of cash and assets to your family. Careful planning can help you benefit someone in need, as well as round out your own tax and estate...
As discussed in previous articles, there are many ways to give to charities in a tax-efficient way. For larger gifts that also incorporate elements of estate planning, charitable trusts and foundations are useful tools, but because of their complexity and legal and...