Many people think about home ownership in phases—the starter house, an upgrade or two, and the elusive “dream home.” What does your dream home look like? Does it have an HGTV-level kitchen, a spa-like main bathroom, or a swoon-worthy patio? While you may think that house sits on top of a hill, what if the forever-home potential is in your current four walls? You might not have to move to make … [Read more...] about How A HELOC Can Turn Your Current Home Into Your Dream Home
How To Financially Support Your Loved Ones Without Derailing Your Plan
Money is like a team sport; while your individual habits and practices matter, there’s always a bigger picture to consider (spouse, kids, siblings, parents, friends, etc.). Even though you’re building wealth to support yourself and your immediate family, many people’s money goals extend to offering support to their parents, siblings, or other loved ones along the way. Yet you’ve probably heard … [Read more...] about How To Financially Support Your Loved Ones Without Derailing Your Plan
What Are I-Bonds? Plus Creative Ways To Include Them In Your Investment Plan
With all the juicy financial headlines—stock market movements, inflation, the housing market, student loan conversations, etc.—who would have thought that bonds would have their moment in the sun? Bonds have a reputation for being the safe and stable alternative to risky, daredevil stocks. Their reliable returns and ability to produce income make them integral in any well-diversified portfolio … [Read more...] about What Are I-Bonds? Plus Creative Ways To Include Them In Your Investment Plan
You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?
Roth IRAs are incredible tools for long-term saving, and in the finance world, they epitomize the concept of delayed gratification. Your contributions are after-tax, meaning you don’t get any sort of “reward” upfront. However, those contributions grow tax-free and qualified distributions remain tax-free. This could be incredibly helpful in retirement if you’re trying to stay in a low tax … [Read more...] about You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?
I No Longer Qualify for a Roth IRA — Now What?
You’ve heard the advice when it comes to saving for retirement: contribute enough to your employer-sponsored retirement plan to get the company match, and then contribute up to the max to a Roth IRA ($6,000 in 2022). But Roth IRAs have income limits: For 2022, single tax filers who make $144,000 or more are ineligible to contribute, and they can only contribute a reduced amount if they make … [Read more...] about I No Longer Qualify for a Roth IRA — Now What?
Getting The Most Bang for Your Buck In This Hot Spring 2022 Housing Market
Watching the housing market explode over the last couple of years has been like binging reality TV drama—outrageous list prices, all-cash offers, waiving inspections, intense bidding wars, real estate love letters to win sellers’ hearts, and other things you’d think only exist on the big screen, not real life. Now, let us welcome you to the Spring 2022 housing market. Will this season be … [Read more...] about Getting The Most Bang for Your Buck In This Hot Spring 2022 Housing Market