financial planning
Tax 101: Back to Basics
Benjamin Franklin said, “Nothing is certain but death and taxes”. Taxes play a crucial role in shaping our financial landscape. Understanding their nuance is key to helping make informed financial decisions. To assist, we developed a primer on the basics, specifically how they impact your income and investments. We focus on Federal taxes, as each…
Property and Casualty Insurance
Property and Casualty Insurance: Don’t leave home without it! A major crisis. Last year, a friend’s parents’ life took an unexpected turn. While on vacation, they received a devastating phone call informing them a fire destroyed their home and belongings. Left only with the clothes they had packed; they returned to assess the damage and…
Rethinking Your Retirement Savings
Employees are often advised to contribute the maximum amount to their 401k for tax savings and compounding potential. However, for high earners this may not always be the best choice. Surprised? Hear us out. In a traditional 401k, individuals can contribute a portion of their pre-tax income, up to $22,500 for 2023, which grows tax-deferred…
Life Insurance 101
The concept of insurance is simple. It is financial protection for when something bad happens. Car insurance protects you and your car, home insurance protects your property, and health insurance covers unexpected medical issues. Somehow, that simplicity scurries when the discussion switches to life insurance. It could be the fear of an insurance salesperson presenting…
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