After a tumultuous 2020 election season, inauguration day is almost here. If you are a high-earner, here are 6 challenges that could arise during the Biden administration.
As you turn over your calendar to 2021, you are probably thinking about your future, perhaps including retirement. If you are wondering how to go about setting a target retirement date, here are six steps to consider.
The CARES Act allows non-itemizers to deduct up to $300 in charitable gifts against their 2020 income. For itemizers, it raises the charitable giving limit from 60% of income to 100%. Give now to your favorite charities.
Joseph R. Biden, Jr.'s win in the 2020 presidential election could have a profound impact on your estate and gift tax obligations moving forward.
Russell Investments predicts that “2020 could be a record year for taxable distributions tied to capital gains.” Here’s how you can prepare for the tax hit this year, and make plans to reduce or eliminate it in the future.
Open enrollment for major medical health insurance plans begins November 1, 2020 and ends December 15, 2020. Here are 5 tips to help you select the right plan for you.
Are you ready for Medicare's open enrollment? Here is a brief explanation of the changes you can make to your health coverage during this time.
College is extremely expensive. Everyone attending college should fill out the FAFSA form as early as possible according to the experts. Forms for the 2021-2022 academic year become available on October 1. Put it on your calendar!
Most health care plans have annual enrollment in the fall, so now is a good time to start planning ahead. Although not all employers or healthcare plans offer them, there are three types of tax-advantaged health care spending arrangements: Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). All three can provide significant tax savings on health care expenditures.
Deciding to go for a lower interest rate on your mortgage may sound like an easy decision to make, but you should always take into account the costs associated with refinancing.