With hundreds of thousands of finance professionals across the U.S., you can certainly google “financial advisor near me” and find plenty of choices. But how do you know if your advisor is really looking out for you? If you are working with someone who is a fiduciary, that’s a great start. A fiduciary, by definition, …
Last week the IRS announced plans to move forward with direct cash payments to taxpayers eligible for the child tax credit. Payments will start in July and run through December of this year. The IRS estimates that about 39 million households and 88% of children in the U.S. will be eligible for the credit. But …
The recent cyberattack on the Colonial Pipeline is impacting gas prices in the U.S. While most of the impact is in the Southeast, there are trickle effects felt even here in Westwood, Massachusetts. Coupled with the upcoming Memorial Day weekend and the pent-up demand everyone is feeling to get out and go, we should expect …
The President formally introduced the American Families Plan to Congress and the public on April 28th. The plan summarizes a host of policy initiatives and tax reform goals. We expect that debate and compromise may lead to modifications of the proposal. In fact, the notes released by the White House already deviate from some expectations. …
With the passage and signing of ARPA (American Rescue Plan Act), DC is now turning its attention to future spending plans and how to pay for stimulus. Said another way, we are watching closely for what could be an increase in taxes. [Check out our recent discussion on the potential tax changes under a Biden …
Last Thursday, President Biden signed the American Rescue Plan into law. It’s the third stimulus bill passed in the U.S. since the start of the pandemic just over a year ago. At $1.9 trillion, it brings total stimulus to over $4.5 trillion in 12 months. Below we look at the potential benefits of this bill …
Your mindset when you wake up sets the tone for your entire day. The same logic applies to the calendar year. In that spirit, we recommend taking these three easy steps to start your year off on the right foot financially. [And read all the way to the end for a bonus step that might …
Today voters in Georgia take on the task of deciding control of the U.S. Senate by casting votes for two runoff elections in the state. The outcome of these elections could have implications for your wealth, so let’s take a look at the potential outcomes. What Happens If… REPUBLICANS TAKE TWO SEATS? Republicans maintain a …
This past Sunday evening, President Trump signed a combined coronavirus relief and government funding bill that includes $900 billion in COVID-19 aid. Here’s a brief overview of the new legislation for Individuals and Businesses: Additional Direct Payments to Individuals As currently written, stimulus payments are $600 per person ($1,200 per couple) including an additional $600 …
Gifting, whether to family, friends, or charities, always picks up around the holidays. December is also when people start thinking about next year’s tax bill, and ideas for minimizing it. This year, many serious investors are wondering if the November Presidential election is just another reason for stepping up their gifting strategy. Why? Because the …
