Should You Bet Your Financial Future on Artificial Intelligence?

We are in a blog series discussing how strategies for running marathons could help you maximize your wealth in a meaningful way. So far, we have covered: Strategy #1: Know your why.Strategy #2: Why you need a contingency plan.Strategy #3: What to do when your plan hits the fan. In today’s money marathon post, we […]

What to Do When Your Plan Hits the Fan: Strategies for Marathons & Wealth Management

We are in a blog series discussing how strategies for running marathons could help you maximize your wealth in a meaningful way. If you missed Strategy #1 about knowing your why, click here to read that post. If you missed Strategy #2 about contingency plans, please click here to read it. This blog post is […]

Why You Need a Contingency Plan in Marathons and in Wealth Management

We are in a series discussing how strategies for running marathons could help you maximize your wealth in a meaningful way. If you missed strategy #1, click here to read that post. Strategy #2: Have a contingency plan One of the things I learned in my first marathon is that, holy cow, even if you […]

How Are Marathons and Wealth Management Alike?

Have you ever run a marathon? Every year, around 1.1 million people run a marathon; inevitably, spectators and even some runners ask why people choose to run a grueling 26.2 miles. 11-time-marathon-runner and State University of New York at New Paltz psychology professor Glenn Geher says that though the reasons for racing are different for […]

Should You Be Worried About the U.S. Dollar as a Reserve Currency?

Recent headlines have some people worried about the dominance of the U.S. dollar and where the U.S. dollar stands as a reserve currency. A variety of economic factors can contribute to depreciating the U.S. dollar. These include monetary policy, rising prices or inflation, demand for currency, economic growth, and export prices. Since one of our […]

5 Tax Changes Could Help Boost Your Wealth In 2023

2022 was a year of inflation, stock market volatility, and rising interest rates. Rising costs have prompted IRS updates, which could affect investors’ retirement savings and taxes. Recent legislation may present further options for you in the new year. Here are five key tax changes you should know about for 2023. #1: Higher contribution limits […]

Does a Roth IRA Conversion Make Sense for You? Six Questions to Ask that Will Help You Make that Decision.

Roth conversions are strategies investors can use to help minimize their future tax bill and give them more potential control over their tax bracket. Click here to learn more about Roth conversions. Lower-income years tied to a job loss, income reduction, significant income tax deductions, high levels of depreciation, business losses, or charitable giving could […]

5 Last-Minute Strategies You Need to Know That Could Reduce Your 2022 Tax Bill

Will you need to do any last-minute shopping this holiday season? I do! If you need last-minute tax strategies, we have those for you. Below are five last-minute strategies that could reduce your 2022 tax bill; these are ideas that could reduce your tax bill or increase your tax return. DISCLAIMER – Before you read […]

Four Different Ways to Do a Roth Conversion (Plus How to Contribute to a Roth IRA if You Are a High-Income Earner)

A Roth IRA conversion typically involves transferring retirement funds from a traditional-type IRA, a 401(k) or 403(b), into a Roth account. This strategy can make sense and potentially save you money in taxes if you believe you will be in a higher tax bracket in the future. As the account holder, you pay taxes on […]