To make the most of your investment, it’s essential to understand how investments are taxed. It’s to your advantage to build a diversified portfolio that is held in a combination of tax-free, tax-advantaged, and taxable investment accounts. Through the strategic selection and location of investments amongst these types of account, it may be possible to […]
What is a Thrift Savings Plan? A retirement plan is an integral part of long-term financial stability, as it allows you to set aside a portion of your income to grow gradually over time. A government employee Thrift Savings Plan, more commonly referred to as a TSP, is a retirement and investment plan, similar to […]
They say money makes the world go around, and in this case, they’re right. Try as we might, we simply can’t live without it—and making smart decisions about money is critical, especially when dealing with a substantial portfolio. This is where wealth management comes in. Understanding the Importance of Wealth Management Wealth management is a […]
What Is a 401(k)? A 401(k) is an employer-provided retirement savings plan offering tax benefits to encourage long-term investment and savings for retirement. The plans are typically included in employee benefit packages. Benefits of a 401(k) One of the primary benefits of a 401(k) is the tax advantages offered. With a 401(k), your savings grow […]
Employee-Established Retirement Vehicles For business owners, retirement planning can be challenging, but don’t worry, we’ll break it down into manageable pieces. Individual Retirement Account (IRA) Think of an IRA as your personal retirement piggy bank. There are two main types: Traditional IRA: With a Traditional IRA, you contribute pre-tax income and then pay taxes […]
Filing taxes is something we dread and fear each year, but with a little planning, taxes become less expensive and less bothersome. Tax planning not only aims to help save a bit of money, but also is important to avoid penalties, organize their documents, and prepare for the future. Failing to plan for taxes, conversely, […]
When it comes to choosing a financial advisory firm, a well-thought-out and systematic approach is crucial. A financial advisor providing guidance for financial planning in your state should be well-versed in the laws, regulations, and practices related to these areas. Before searching for a financial advisor, it’s important to have a clear understanding of what […]
DFA Mutual Funds Explained Dimensional Fund Advisors, is an investment management company that takes a unique approach to the mutual fund investment strategy. As with traditional mutual funds, DFA allows investors the opportunity to pool their funds with other investors to buy blocks of securities, but the strategy behind selecting assets for a DFA mutual […]
As the primary retirement program in the United States, Social Security currently benefits 66 million people, 51 million of them retirees and dependents. It also serves 8 million workers with disabilities and 5 million survivors of deceased workers. The program began with the Social Security Act in 1935, part of President Franklin Roosevelt’s “New Deal” […]