Biden’s Student Loan Forgiveness

student loan fogiveness

Many are confused about where we stand as a country in relation to student debt loan forgiveness. There appears to be a lot of headlines on the subject, but then it is unclear what is actually enacted (versus extended, updated, or overturned) thereafter. Taking a look back, the idea of student loan forgiveness originated as […]

529 to Roth IRA Rollover

529 college savings plans

529 College Savings Plans are a useful tool that allows one to save after-tax dollars in an investment account that can benefit from tax-free growth if the proceeds are withdrawn for qualified education expenses such as K-12 private school, trade school, college or university tuition, higher education loans, and various other expenses. These Plans have […]

Q1 Stock Market Recap

Q1 2024 Market Recap

Wow! The first quarter of 2024 posted an impressive 10% return domestically, with headline setting new records across many of the indices globally. One client asked, “Is it still a good time to invest?” which made me realize we may need to temper expectations for the months ahead.  Yes, it is still a good time […]

401(k) Millionaire?


When you hear the term “millionaire” do you think, “That must be nice!” Well, if you own a home and have a 401(k), you might not be that far off. In fact, a recent study revealed that the number of 401(k) millionaires in the US has soared, jumping 20% in Q4 2023. Some of this […]

Tax Savings Strategies

Tax Saving Strategies

As we approach tax-filing season, it may be a prudent time to examine some tax savings strategies to consider in the year ahead. Diversify Concentrated Stock Positions In 2023, if you held the Magnificent Seven stocks, you might have done phenomenally. The Magnificent Seven include Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. However, […]

Tax Cuts and Jobs Act Sunset

Tax Planning

In 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. It was the largest tax code reform in nearly three decades. The Senate passed the bill on a party-line vote of 51 to 49, and the House passed the bill with a similarly tight margin. The tax laws became effective January 1, […]

2023 Economic Recap and Prospects for 2024

2023 Recap

2023 may seem like a blur, but it was an action packed year for the stock market. The Federal Open Market Committee (FOMC) raised interest rates four times in 2023, for a total of 11 interest rate increases resulting in an approximate 5.25% increase since the start of quantitative tightening in March 2022.[i] While necessary […]

New Year of Savings

Happy New Year!  One good deed a month could make 2024 a financially savvy year. January – Interest rates have risen dramatically in 2022 due to the Fed’s efforts to combat inflation. If possible, pay off holiday credit card debt that could be charging double-digit rates! February – Getting a raise? Consider adding the extra […]

Charitable Gifting to Lower Your Taxes

Many like to consider charitable gifting to support their favorite organizations around the holidays. These meaningful gifts can also provide the donor with tax benefits in the forms of reduced taxable income or increased itemized deductions, ultimately lowering their tax expenses. Direct Gifting Direct gifting of cash is the easiest way to donate, but you […]

Resilient U.S. Economy

US Resilient Economy

We’re at the end of the year already.  Around this time, we recap what happened, and pundits predict what will happen in the year to come.  At the end of 2022, many predicted a “looming recession” in 2023, referencing data charts, the inverted yield curve, and historical trend analysis. Surprising to most, the U.S. economy […]