Maximizing College Savings – A Guide to "Superfunding" a 529 Plan
When planning for your child's future education, one powerful tool at your disposal is the 529 plan. You may already be familiar with the basics of this tax-advantaged savings vehicle, but have you heard about "superfunding" a 529 plan?
Will I Have to Pay Taxes When I Sell My House?
By understanding the tax implications and implementing these strategies early, you can significantly improve your financial outcome when selling your house.
What Does a Solid Financial Plan Look Like?
As you might expect, there is no one correct answer. Most importantly, it guides you toward your goals and provides a solid financial foundation for your life. So what does the typical financial plan contain, and what should it cover?
Should I Invest in the Current "Hot" Stock?
Investing in the biggest companies on the stock market can seem very appealing. These market giants, often household names, appear to offer stability and the potential for great returns. However, this temptation can sometimes lead investors into risky territory without realizing it.
How to Share and Transmit Documents When Working With Financial Professionals
Remember these rules when sharing financial documents with your financial professional to make life easier for everyone and help keep your data secure.
A Guide to Designating a Transfer-on-Death Beneficiary for Your Vehicle
Assigning a beneficiary to your vehicle can be a simple and effective way to ensure that your car, truck, or motorcycle is transferred to the person of your choice upon your death. This process, known as designating a transfer-on-death (TOD) beneficiary, can save your loved ones time, money, and the hassle of going through probate.
Unlocking Financial Stability – Mastering the Personal Finance Metrics that Matter Most
If you focus on these metrics and improve them over time, you will have a foundation of financial stability that will unlock potential in many other areas of your life.
Choosing the Right Retirement Plan – Solo 401(k) vs. SEP IRA
SEP IRAs and Solo 401(k) both offer tax benefits and generous contribution limits. But they also have unique features that are different.
The Impact of Money Scripts on Your Financial Decisions
Our behavior related to money is driven by many factors. One factor can be our unconscious beliefs about money. These beliefs are called "money scripts," and they can significantly influence our habits and results with money.