Personal Finance Blog

Solo 401(K)
What is a Solo 401(k)?
Most Americans in the workforce save for retirement by contributing to their employer-sponsored plans. But how do self-employed individuals save for retirement? Today, we are going to talk about Solo 401(k)’s. To understand how a Solo 401(k) works, let’s recap...
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Should I Start Social Security at 62?
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There’s an old saying: “just because you can do something, doesn’t mean you should”. This is a helpful framework to think about Social Security. Since you’re reading this blog post, you might be approaching (and thinking about) retirement. If so...
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Section 83(b) Election
A section 83(b) election allows employees with Restricted Stock Units (RSUs) to pay taxes in advance. If you do not opt for an 83(b) election with RSUs, you simply pay ordinary income as your shares vest every year (See our...
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how to find an investment advisor
VIDEO – What to Look for in an Investment Advisor
Taylor Hoffman Wealth Management investment advisor Taylor Jessee, CPA, CFP® recently had the opportunity to sit down with Rick Orford of The Financially Independent Millennial to discuss how to find an investment advisor. Check it out! Disclosures
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A mother and daughter sitting on a couch placing money inside a piggy as a representation of proper financial planning
Saving for Their Future: Financial Planning Tips for Your Growing Children
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Now, more than ever, it’s important that parents take the steps to ensure their children have a solid financial footing. This can be achieved through proper financial planning. Prices for nearly everything simply continue to rise, with millennials and Gen...
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