The IRS provides a few ways taxpayers can reduce the taxes they owe if they qualify for certain exemptions, deductions, and credits. Let’s take a closer look at what these are and how they could impact your tax return.
A Taxpayer’s Guide to Exemptions, Deductions, and Credits Read More »
The federal income tax filing deadline isn’t until April. However, the start of tax season is nearly upon us. Here are some tips for navigating the tax filing process to help lessen some of the stress you may feel as Tax Day arrives.
The Ultimate Guide to Navigating Tax Filing Season Read More »
For many, retirement is the phase of life to kick back, relax, and enjoy the fruits of years of working and saving. However, financial decisions before and during retirement can significantly influence our quality of life and tax liability. Therefore, employing tax-smart retirement withdrawal strategies may help you maximize your retirement nest egg.
A Beginner’s Guide to Tax-Smart Retirement Withdrawal Strategies Read More »
Thanksgiving is a holiday for spending time with loved ones, being grateful, and perhaps enjoying a bit of overindulgence. There are many financial lessons to be had in planning, preparing, and celebrating this annual feast.1 Here are four Thanksgiving lessons that might help your household’s financial plan year-round. Planning is the Key to Preparation You
4 Thanksgiving Lessons for a Feast-Worthy Financial Plan Read More »
Where do you get your financial advice? (Aside from us, of course. 😉) Your friends? Parents? Coworkers? YouTubers? “Money gurus?” Some of the most popular money gurus out there (we won’t name names) have a process called “the baby steps,” designed to get you started with your financial education. But we have a little bit
The Problem with the “Baby Steps” Read More »
Do you know your numbers? We’re not talking about your numbers like how much you have in your checking account, or age and weight (which we shouldn’t be asking about anyway!). By “numbers,” we mean the three numbers that can help you ride out any big unexpected life change that comes your way (we’re thinking
Why It’s Important to Know Your Numbers Read More »
Human nature can work against us when it comes to investing. Fear of the unknown and fear of failure can hold us back. And greed can lead us down some bad paths and entice us to make poor decisions that we’ll pay for later. How do you avoid letting those pesky human emotions affect your
How the Laws of Human Nature Relate to Investing Read More »
What’s the most important part of your financial strategy? Creating an emergency fund? Saving and investing? Understanding what money goals you need to set for your priorities? Trick question, it’s kind of all three. Accounts on Your Bucket List (pun intended) First up: let’s talk about the accounts you might use for each bucket. Each
Saving for Now, the Future, and In-Between Read More »
If you’re around these parts for long, you’ll hear us talking a lot about fear. Fear is natural and, honestly, it’s necessary. But when it comes to finances, there are three types of fear: fear of the unknown, fear of change, and fear of failure. These types of fear hold us back from investing, asking
Let’s get something out of the way: Here at Generation Wealth, when we talk about debt, we’re actually talking about interest rates. That’s it. We’re not talking about poor decisions or making you feel bad about trying to get by. That’s what other “money gurus” out there do, and we’re not here for it. A
The Three G’s of Debt Repayment Read More »
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