The recently passed One Big Beautiful Bill Act (OBBB) included many significant tax provisions. In addition to making permanent the 2017 Tax Cuts and Jobs Act tax cuts, the Act includes additional tax changes that are effective for 2025, with additional provisions taking effect in 2026. This … [Read more...]
Your OBBB Summary Guide
Emergency Fund Basics
Life can throw you curveballs when you least expect them. Your car breaks down the same week your dog needs surgery, or worse, you face a sudden and unexpected job loss. These events are the reason why most financial advisors consider an emergency fund the foundation of any solid financial … [Read more...]
Harvesting Capital Losses
Tax-loss harvesting is a strategy to help reduce your tax liability by selling investments that have dropped in value since you purchased them. The losses you realize from selling these investments can be used to offset taxable gains from other investments and can potentially offset up to $3,000 of … [Read more...]
Manage Your Important Documents
If you’ve ever stared at a growing pile of paperwork and wondered, “Do I really need to keep all of this?”—you’re not alone. Managing the never-ending accumulation of tax forms, healthcare records, legal documents, and financial statements can start to feel overwhelming. To make things easier for … [Read more...]
529 Plan Distribution Rules
Investing in a 529 plan is a smart way to save for college expenses, offering tax advantages that help make funding education more affordable. However, there are many rules specific to 529 plan distributions that investors often overlook that can eliminate the tax advantages of the plan if not … [Read more...]