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March Money Madness: How to Make Smarter Financial Picks
March is known for many things: change of seasons, spring breaks, and most notably, March Madness. While this time is usually associated with college basketball brackets, it’s also a great time to examine one’s financial situation to make more thoughtful financial picks for your wallet. Here are some tips for smarter financial picks in your fiscal court:
Is Wealth Accumulation Tied to Luck?
There is often debate on the role that luck plays in accumulating wealth. Some argue that wealth accumulation is a matter of hard work, commitment, and good decisions, while others believe luck is a factor. However, there are actions that those with wealth initiate in their wealth accumulation approach.
2025 Social Security Benefits and Taxes
People often misunderstand Social Security retirement benefits and taxation since not all social security benefits are taxable. The amount of benefits one receives and how much Federal tax applies depend primarily on the income level of the receiver and other factors.
Questions to Ask Financial and Tax Professionals About Taxes
When managing personal finances, it is essential to understand how taxes work. Taxes can significantly impact your financial health and overall tax liability. Therefore, working with financial and tax professionals who understand taxes can help guide this complex aspect of personal finance. Here are some key questions to ask financial and tax professionals about taxes.
6 Tips for Building a Retirement Budget
Building a retirement budget is critical to working toward an independent and stress-free life after leaving the workforce. Creating this budget can positively impact one’s lifestyle, provide confidence and control over one’s money, and safeguard against potential financial pitfalls. Here are the foundational steps to establishing a retirement budget.
8 Financial Habits to Start Before Tax Season
Tax season can be challenging, especially if one is not financially prepared. While it may seem tedious, preparing beforehand can save time from last-minute hassles and help optimize tax returns. Therefore, adopting certain financial habits before the onset of tax season may help lighten the tax season’s load.
The Gift of Security: Why February is The Best Time to Update Your Will
Estate planning is a continuous process that requires updating to reflect the current state of one’s financial affairs. As part of estate planning, there is no better time to update your will than in February. Why February? February offers sufficient time to evaluate changes that might have occurred over the holiday period or at the end of last year.
5 Things to Know About Annuities
5 things to know about annuities, which can be purchased from an insurance company, maybe a suitable strategy for investors who want to secure a steady income stream during their retirement years. They may provide confidence from a guaranteed income as part of a financial planning strategy.
LTC: Why You May Need It
Long-term care (LTC) is a comprehensive array of medical, personal care, and other services coordinated to address the physical, emotional, and social needs of chronically ill or disabled individuals. One important aspect is that LTC is not exclusive to older people. People of all ages may require it at some point due to debilitating circumstances, chronic diseases, or developmental disabilities.
How to Manage Withdrawals Throughout Retirement
Planning for retirement often raises one crucial question: How much should one withdraw each year during retirement? Managing withdrawals may significantly impact the longevity of your retirement funds. Learning to manage withdrawals throughout retirement aims to strike an equal balance between enjoying your retirement and ensuring your savings last throughout life.