For decades, 401(k) plans and other defined contribution workplace plans have served as primary channels for long-term investing. Many of you currently contribute, or have contributed to these plans in the past,...

Most of us have moved from one place to another, perhaps to a different state, as we pursued career opportunities or located closer to family. Inevitably, some things get left behind. This could include an old bank...

Although many of the headlines and news stories we’ve seen have painted inflation as the enemy, there is a sliver lining to recent high inflation rates. High inflation is triggering some pretty big changes to tax...

In February, we posted an article on how 529 College Savings Funds work and various aspects of making contributions. Now we’ll take a deeper dive into handling 529 withdrawals.

In 2021-2022, U of MN’s estimated tuition was ~$15,370 (residents). Northwestern University’s was ~$60,000ⁱ.  

If you’re like me, December is the month to sit down and send out cards to loved ones and mail checks to your favorite charities. As always, keep those receipts! This year individuals can deduct, above the line, up...

On financial and other media outlets, you typically find talk of the next impending doomsday. Recently, the Armageddon is inflation. There is truth to the increase in prices, as anyone who has been to the...

In my early teens, I went on a community service trip in Ecuador. Each night, we gathered in a circle and reflected on our day, a famous quote, philosophical question, etc.

One night, we were asked, “Is it better...

You are starting a new job and it’s time to enroll in the company 401(k) plan. As you fill out the forms, you come to the section for entering beneficiaries. It is day one or two in your new role and you’re asked...

In 1997, as part of the Taxpayer Relief Act, Delaware senator, William Roth, helped establish the Roth account. In the <25 years since its creation, it has become widespread.

Happy New Year!