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
6 Creative Considerations Before You File Your 2021 Tax Return This April
Yep, it’s about that time—tax time, of course. The sun’s out a little longer, we shed a few layers, the first blooms of the season are on full display, and taxes are due smack dab in the middle of it all. This year, your 2021 taxes are due on April 18th, 2022. But don’t let this impending annual chore dull your spring fever. This year, let’s make taxes fun! Well, if not fun, at least … [Read more...] about 6 Creative Considerations Before You File Your 2021 Tax Return This April
What’s Your Annual Spending Report? Plus, How It Can Help You Budget Better
How do you feel about your money? If you were one of the over 2,000 people surveyed in Personal Capital’s 2022 Wealth and Wellness Index survey, you might say that your current financial position isn’t exactly where you want it to be. The survey highlighted that fewer people are confident about their finances than last year. At the beginning of 2021, 48% of people said they felt “very … [Read more...] about What’s Your Annual Spending Report? Plus, How It Can Help You Budget Better
Three Financial Moves You’ll Want To Say Yes To In 2022
It’s a new year, and with it comes many hopeful resolutions. We’re used to seeing several common new year ambitions like adopting a healthy lifestyle, spending more time with family and friends, and learning a new skill. Increased financial wellness is also at the top of many people’s lofty beginning-of-the-year plans. But don’t worry; this isn’t a blog about creating a financial New … [Read more...] about Three Financial Moves You’ll Want To Say Yes To In 2022
A Penny Saved Is A Penny Earned, Or Is It Invested?
You’re likely familiar with the saying, A penny saved is a penny earned. It sounds like the type of vague financial advice you might hear from your relatives around the holiday table. But how is that penny earning anything? If it’s stuck in a traditional savings account, likely not much since the current national average return on a savings account is 0.06%. Even my favorite high … [Read more...] about A Penny Saved Is A Penny Earned, Or Is It Invested?