Category: Blog

Understanding High-Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs): A Guide for Self-Employed, Partnerships, and S-Corps

Health insurance can be a complex topic, especially for self-employed individuals or those running small businesses like partnerships or S-corporations (S-corps). One key option to consider is a High-Deductible Health Plan (HDHP), often paired with a Health Savings Account (HSA). In this article, we’ll break down the basics of HDHPs, the benefits of an HSA, […]

All American Social Security Numbers Possibly Leaked: What You Need to Know and How to Protect Your Credit

In a shocking cybersecurity breach, a hacker collective recently released a database containing the Social Security numbers (SSNs) of millions of Americans. This unprecedented leak has left citizens across the country scrambling to protect their identities and financial standing. If you’re concerned about how this breach might affect you, here’s what you need to know […]

Back to School Commute: EV Market Updates

As your commute time increases or you find yourself returning to the gas pump again this week, you might be curious about a more energy-efficient ride. The electric vehicle market continues to evolve in both advancements and challenges. In our last post, we discussed the new and used federal tax credits, eligibility, and other factors […]

Important 2018 Tax Cuts and Jobs Acts Provisions Set to Expire in 2025

The 2018 Tax Cuts and Jobs Act (TCJA) introduced several provisions, many of which are set to expire or “sunset” in 2025. Here are some of the key components that may sunset: These sunset provisions mean that, unless Congress acts to extend or make them permanent, these changes will revert to their pre-2018 status after […]

The sky is always falling, but never does

At a wealth management firm, we spend a lot of our time preparing for all potential probabilities that can affect our clients’ financial lives. Some scenarios we attribute high probabilities to and others have super low probabilities. Our jobs include thinking about all potential scenarios and having plans in place to make sure our clients […]

Financial Tips for Traveling Overseas

Traveling overseas can be an exhilarating experience, filled with new cultures, cuisines, and adventures. However, managing your finances while abroad can be a bit tricky. To ensure your trip is smooth and stress-free, follow these essential financial tips. 1. Notify Your Bank and Credit Card Companies Before you embark on your journey, inform your bank […]

Tips for Ensuring Great Financial Chemistry in Your Relationship

Financial compatibility is a cornerstone of a healthy relationship. Money, often cited as one of the leading causes of stress and disagreements, can be a tricky subject to navigate. However, with open communication, mutual understanding, and strategic planning, couples can achieve financial harmony. Here are some essential tips to ensure you and your partner have […]

The Economic Impact of an Aging World

During the week of June 10, 2024, French markets were rocked by a government bond sell-off after a strong showing by the far-right National Rally party in the European Union election. With polls suggesting the party might win a plurality of seats in the upcoming French parliamentary election, investors feared a promised social spending program, […]

Interest Rates on Federal Student Loans Jump to Decade Highs for 2024-2025 Year

Every May, interest rates on federal student loans are reset for the upcoming school year. The rates are calculated by combining the yield on the 10-year U.S. Treasury note with an extra fixed amount set by Congress. Based on this calculation, interest rates on federal student loans are set to increase for the 2024-2025 school […]

Understanding the 83(b) Election: A Guide for Startup and Tech Employees

In the dynamic world of startups and tech companies, equity compensation is a common way to attract and retain top talent. Among the various forms of equity compensation, restricted stock is often a key component. When you receive restricted stock, understanding the tax implications is crucial. One important tax strategy to consider is making an […]