Start the new year with a practical budget by understanding your income and expenses, using strategies like the 50/20/30 rule, and adjusting spending habits to achieve financial goals.
A mega backdoor Roth conversion is an advanced strategy that allows high-income earners to contribute significant after-tax funds to a Roth account, offering substantial tax-free growth potential but requiring careful planning and awareness of potential legislative changes.
The Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025, prompting potential changes in areas like SALT deductions, business deductions, and clean energy credits, with significant implications for taxpayers.
The IRS is ending universal wallet accounting for cryptocurrencies starting January 1, 2025, requiring investors to report transactions on an account-by-account basis, which necessitates more precise tracking and strategic tax planning.
Many are saying Bitcoin reached a new all-time high in March 2024. It didn't really, though. Find out why and how to determine when Bitcoin achieves a new all-time high.
The re-election of President Trump is expected to bring substantial changes to tax policies, trade, and cryptocurrency regulations, all of which will influence market volatility, interest rates, and financial planning strategies.
A Business Owners’ Policy (BOP) is an essential insurance package that provides comprehensive coverage for small to medium-sized businesses by combining property, liability, and business interruption insurance to protect against common risks.
Balancing saving for retirement and funding a child’s education can be challenging, requiring thoughtful planning and discussion to address both goals effectively.