Over the past couple of decades, researchers have repeatedly found direct links between loneliness and physical and psychological problems that are literally killing us—like heart disease and mental illnesses.1 Loneliness can cripple us physically, unwind us mentally, and make it difficult to be spiritually whole. Here’s an uncomfortable truth: We’re…
What if you had access to a turbo boost with the power to turn your business into a booming success story? You do! It’s a process every successful company uses to gain momentum—strategic planning. If that sounds like a lot of crunching numbers and analyzing trends, you’re right. But that’s…
Home improvements can make your home more comfortable, raise its value and lower energy costs over time. Some projects may also qualify for tax credits or deductions. These tax breaks can reduce what you owe when you file your taxes. In other cases, the cost of improvements can increase your…
If you need to withdraw $10,000 each month from a $1 million portfolio, that’s a 12% annual withdrawal rate. Sustaining this rate over a long retirement could increase the risk of depleting your savings. However, the gap between your spending goal and what your portfolio can support isn’t necessarily a…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
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Dentists tend to face a distinct set of tax considerations. Most earn high incomes, own practices that generate business deductions, and regularly purchase equipment — all of which can significantly affect their tax liability. Dental practices are also classified as specified service trades or businesses…
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In her half-century on earth, Torry Holmesly has been subjected to neglect, violence, eviction and homelessness. So, if you ask her about what…
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Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30% from 2023, according…
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A lower withdrawal rate can help your retirement savings last longer, but it may also limit how much you spend. Moving from 4% to 5% gives you more income upfront while leaving less room for your portfolio to absorb market losses. Your decision will depend on the answer to this…
Whether you got it from the news, your favorite social media platform, or that one friend who’s a self-proclaimed real estate expert, chances are you’ve heard that mortgage interest rates and home prices are pretty high these days—which is 100% true. If you’ve been thinking about buying a house or…
Dealing with IRS penalties and incorrect tax assessments can be frustrating. This is especially true when you believe the charges are unfair or that they resulted from circumstances beyond your control. In these scenarios, Form 843 is the IRS mechanism for requesting relief from penalties, interest and certain tax overcharges. A…
At 59, $1.6 million may be enough to retire, but leaving work also means giving up health insurance coverage from your employer. Medicare generally doesn’t become available until age 65. Paying marketplace premiums during that six-year gap could increase your withdrawal rate, and that may undercut the longevity of your…
Are you being hounded by debt collectors? The constant phone calls, harsh language and threats to sue can be overwhelming and downright scary. Unfortunately, you also have to watch out for debt collectors who try to trick you into paying for a debt that’s already been paid or a debt…
Selling your home is one of the biggest financial transactions you’ll ever make. While many homeowners worry about a large tax bill, the reality is that rules like the Internal Revenue Code Section 121 can allow you to keep much, or even all, of your profit. Here’s how capital gains…
With only 10 years left until retirement, missing your employer’s 401(k) match can leave a sizable hole in your savings. If your employer offers a 4% match and you fail to claim it, you could give up almost $45,000 by retirement. That amount includes both missed contributions and investment growth…
If you’ve done any shopping recently, then you’ve probably seen an option at checkout to split up your total into four (or more) “easy payments.” One of the biggest companies offering these kinds of buy now, pay later plans is Affirm. But is it a good idea to use Affirm…
Setting up a trust can be a powerful way to manage and protect assets. However, it also comes with important tax responsibilities. One of the first steps many trustees face is obtaining a tax ID, or EIN. This allows the trust to operate as its own financial entity. Understanding when…
The average 401(k) balance is about $351,242, but taxes can reduce how much of that money is available to spend.1 Required minimum distributions (RMDs) can create taxable income once they begin, potentially increasing your tax bill. Planning when and how you take money from your 401(k) could help limit the…
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