Anchoring to an Arbitrary Dollar Amount

The behavioral and emotional side of financial planning takes precedence when planning for our future. I see this play out frequently in the form of anchoring to a perceived value we’ve grown accustomed to, based on prior experience. This “value”;…

Debt Ceiling Déjà Vu

Here we go again.  Republicans and Democrats are squaring off over whether to raise the debt ceiling.  The country is facing a partial government shutdown if Congress fails to act by midnight on September 30th.  Only essential services – national…

Everything You Need to Know About Roth IRAs

A Roth IRA is an individual retirement account that allows for tax free growth of retirement funds. While you receive no tax benefit or deduction at the time of contribution, you have the opportunity to withdrawal your funds without any…

Stop the Show!

How flexible is your retirement income strategy?  When I think about retirement income I always remember Jerry’s Nana on Seinfeld who lived on a “very fixed income.”  She sent Jerry a check for $10 every year on his birthday which…

IRS Letters Due to the 2020 Recovery Rebate Credit

Recently the Internal Revenue Service has been sending out a lot of CP11 notices regarding the 2020 Recovery Rebate Credit being reported incorrectly on 2020 tax returns.  If you find yourself receiving one of these letters from the IRS stating…

Are You Prepared Financially for a Divorce?

Divorce is one of life’s most challenging transitions. If you are recently divorced, currently going through a divorce or considering one, are you prepared financially? Unfortunately, divorce can bring many unpleasant financial surprises, particularly for women.  Here are some items…

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