If we’re not already in a recession, we may soon enter one due to aggressive trade policies that are fueling tremendous uncertainty. As companies and consumers pull back on spending, millions of jobs could be lost, trillions in stock market wealth may disappear, and inflation could persist—potentially ushering in a stagflationary environment. If you’ve been … Read more
Wondering what is the best side hustle for retirees? Retirement is a time to relax, yes, but that doesn’t mean you have to stop earning money. Many retirees look for side hustles to make extra income and stay active. Whether you want to make extra money to pay for extra expenses, save for travel, or… … Read more
When it comes to saving for retirement, knowing which account to fund first is like knowing which steps to take when climbing a mountain. You want to reach the summit with enough oxygen (money) and energy (tax efficiency) to enjoy the view. For those aiming to retire early, funding retirement accounts in the right order … Read more
On February 6, 2025, the White House announced a series of tax cuts primarily benefitting the middle class and retirees. Here’s what’s on the table: No tax on tips No tax on Social Security benefits for seniors No tax on overtime pay Renewing the Trump Tax Cuts from the 2017 Tax Cuts and Jobs Act Adjusting the … Read more
The IRS has announced new income limits for its seven tax brackets for 2025, with income thresholds increased by about 2.7% to adjust for inflation. This follows a 5.4% increase in 2024 and a historically large 7% bump in 2023. Reaching a top one percent income is becoming more challenging given the threshold keeps increasing … Read more