Time waits for no one. More of the Baby Boomers (those born between 1946 and 1964) are either approaching or hitting that 73-year-old financial milestone. Why is 73 a significant financial milestone? Because that is the age when you are required to begin taking your required minimum distribution, or RMD, from your retirement plan. This Read more
Taxes
Here’s the Bill: How New Legislation Will Affect Individual Taxpayers
On July 4, 2025, President Trump signed Public Law 119-21 (also known as the “One Big Beautiful Bill Act of 2025”) a wide-ranging domestic policy bill approved on a mostly party-line vote, with all congressional Democrats voting no and Sen. Susan Collins of Maine, Sen. Thom Tillis of North Carolina, Sen. Rand Paul of Kentucky, Read more
To-Do List: Time for a New Year of Planning
The plastic Santa is off the porch and back in the attic, the lights no longer frame the picture window, and the tree is out of sight (or mulched). The party hats are flattened, and the broken champagne glasses have been swept up. Yes, it’s back to everyday life — a good time to reflect Read more
Election 2024 Results: Key Economic Takeaways
Former President Donald J. Trump has been elected to be the 47th president of the United States, winning both the popular vote and the electoral college. As of now, the Republicans have control of the Senate, albeit with fewer than the 60 seats needed for a super-majority which would remove the possibility of a filibuster Read more
W-2, 1099, 1098? A Tax-Day Translation
With Super Bowl Sunday, Mardi Gras, and Valentine’s Day finished, the holiday season is well and truly over. It’s time to get back to the grind, represented by the sometimes frantic, often less-celebratory Tax Day: April 15. So, pack away the team banners, sparkly beads, and heart-shaped cards. The W-2 is arriving (or the 1099 Read more
Healthy Choice: How an HSA Can Save You
A Health Savings Account (HSA) is a type of savings account that enables you to set aside pre-taxed funds to pay for qualified medical expenses. Using untaxed dollars in an HSA to pay expenses such as deductibles, drug prescriptions, copays, some dental work, glasses and vision-related care, and some other expenses can lower your overall Read more