A rustic cabin. A seaside cottage. Buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, … [Read more...]
Special Considerations for Second/Vacation Homes
2022 Retirement Plan Limits
Generally, the amount that you can contribute to IRAs and retirement plans are indexed for inflation each year. In 2022, the contribution limit for IRAs is the same as it was for 2021. However, other key numbers have increased, like how much you can put in an employer-provided retirement plan. The … [Read more...]
Information for recipients of advance child tax credit payments & third stimulus payments
IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving … [Read more...]
Retirement Planning Tips for Women
Women often face special challenges when planning for retirement. For example, if they are the primary caregivers in their families, their careers may be interrupted to care for children or elderly parents, which means they may spend less time in the workforce and earn less money than men in the … [Read more...]
Video: Kids and Money Part 3 – Young Adults
Raising Financially Responsible Children As a parent you want your kids to become healthy adults functioning in society and a big part of that is learning how to manage money. Should you be helping them through college? How do 529 accounts affect student loans? How should education savings be … [Read more...]