The Triple Tax-Exempt Strategy: Health Savings Accounts

Healthcare costs are a significant concern for many individuals and families, but there is a tax-advantaged tool that can help alleviate this burden while providing unique financial benefits. Health Savings Accounts (HSAs) offer a triple tax-exempt strategy that allows individuals to save and invest funds specifically for medical expenses. In this article, we will explore […]

2023 EV Tax Credits: What You Need to Know

The federal tax credit for electric vehicles (EVs) has been extended and revamped for 2023 and beyond. For individuals considering the purchase of an electric vehicle (EV) in 2023, understanding the details of the Federal EV Tax Credit is important as changes continue. Let’s delve into how the credit works, the varying credit amounts, and […]

Mid-Year Checkup and Planning for the Second Half

As we reach the midway point of the year, it’s an opportune time to conduct a financial check-up to ensure you are on track to meet your goals and make any necessary adjustments, if needed. This mid-year assessment allows you to evaluate key areas such as retirement contributions, debt management, emergency funds, spending patterns, and […]

Preparing for a Longer Future: Understanding Life Expectancy Rates

When creating a financial plan, it’s important to set an endpoint. Each person has their own family history, current health, and expectations for how long they’ll live. That’s why we analyze historical life expectancy rates from birth and look at future projections. Here’s a chart dating back to 1860 through 2020, showing life expectancy rates […]

New Bull Market or Bear Market Bounce?

As the stock market continues its upward trajectory in 2023, there remains uncertainty and differing perspectives among market participants. Bulls argue that the recent rally from the October lows signifies a new bull market, backed by the fact that the market has risen over 20% from its 2022 lows. Conversely, bears point to the narrow […]

Cryptocurrency, Adoption Rates and Key Considerations

In recent days, the Securities and Exchange Commission (SEC) has intensified its scrutiny of cryptocurrency exchanges suspected of evading regulatory requirements. This increased pressure has resulted in the SEC targeting prominent industry players. On Monday, the world’s largest cryptocurrency exchange, Binance, faced legal action from the SEC, followed by another lawsuit filed against Coinbase. The […]

The Multi-Million Dollar Tax Savings Strategy for Exiting Small Business Owners

Over the last couple of decades, entrepreneurship in the United States has grown significantly.  According to the latest entrepreneurship stats, nearly 5.1 million new businesses were registered in 2022 alone. In 2021, the number of new businesses established hit a record high of 5.4 million.  Below is a chart of the monthly total business applications […]

Navigating the Transition from College to Work for Students and Parents

Transitioning from college life to the working world can be a daunting experience for many graduates. Numerous college students struggle with their career path upon graduating and seek guidance for their future whether that be determining if they should live at home, move out, or find a job.  While many of these changes impact recent […]

Tax Strategies for Concentrated Stock Positions

Tax strategies play a crucial role in effectively managing concentrated stock positions, allowing investors to minimize tax liabilities and optimize their overall financial situation. Concentrated stock positions can present unique opportunities for wealth accumulation, but they also carry significant risks. By implementing tax strategies tailored to these positions, investors can strategically diversify their holdings, defer […]

Understanding Inflation

For the past 16 months, the inflation headline has dominated economic news and become the most widely discussed topic in financial circles. Wall Street analysts and investors alike have been closely monitoring each inflation report, trying to decipher what it means for the economy and financial markets. As the Federal Reserve grapples with rising inflation […]