Payroll Withholdings
Key Takeaways It’s important to understand your payroll deductions. Your withholdings will vary depending on a number of factors. Be careful not to over-withhold on taxes. The only sure things in life are death and taxes, right? Well, given that they’re unavoidable, let’s examine the latter, as it’s important to have an understanding of […]
How Your Money Grows with Compound Interest
Key Takeaways Compound interest is a powerful way to grow your money. The Rule of 72 helps you calculate when your money will double. When faced with the choice, grow (and take!) the bigger pile of money. Albert Einstein is credited with saying that compound interest is the eighth wonder of the world. While […]
Estate and Inheritance Tax
Key Takeaways People receiving inheritances often have many questions regarding estate and inheritance taxes. Estate taxes can be at both the federal and state levels. The rate at which inheritance taxes are paid varies by state.
5 Money Changes When Buying a Home
Key Takeaways We tend to underestimate the true costs of things that might be new to us. If you’re buying a home, make sure you’re informed on all the costs that come with homeownership. Purchasing a home also affects your credit rating, something you will want to be aware of if you have any additional […]
5 Powerful Money Pivots
Key Takeaways COVID-19 has changed numerous things in our daily lives. One of the biggest changes is the way many people are spending and saving their money. If you’re looking to make the most of your money habits, consider these five powerful money pivots.
Blissfully Married
Key Takeaways For many reasons, getting married is a huge life transition. Combining incomes and budgets is a major part of that transition. Make sure you communicate with your future spouse about your spending strategy – and avoid the stress that can come from keeping money a taboo subject!
The CARES Act – Withdrawals from Your Retirement Accounts
Key Takeaways The CARES Act allows for retirement fund withdrawals with no 10% penalty. Recent statistics show that 50% of Americans are considering withdrawing funds from their 401(k) plans. There are long-term consequences to withdrawing money from your retirement account, and you need to be aware of what they are.
Living with Wine & Investments
The Drunken Sommelier came up with 14 Things Every Wine Student Should Know after reading a list in a wine article published by GQ Magazine. Paul Strid read The Drunken Sommelier’s list and he
Making Decisions with Your Third Eye
Charlie Munger, longtime business partner of Warren Buffett, was recently interviewed by Wall Street Journal’s Jason Zweig posted on April 17, 2020. In it he said
The New SECURE Act: The Good News & The Bad News
Key Takeaways The new SECURE Act was passed on December 20th, 2019, and it affects retirement distributions. There are both positives and negatives associated with the SECURE Act. The new rule took effect on January 1st, 2020, and it’s a good idea to know how it will affect any funds you may inherit in the […]