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Taxes

What Is The Standard Deduction? Updated For 2024

Navigating the complexities of tax filing can often seem daunting, especially when it comes to understanding deductions. One critical aspect of the tax filing process is the decision between itemizing deductions and opting for the standard deduction.  What Is The Standard Deduction? The standard deduction is a fixed amount that taxpayers can subtract from their […]

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Taxes

What Are Itemized Deductions? Updated For 2024

As taxpayers navigate the complexities of filing their tax returns, one key decision stands out: whether to take the standard deduction or to itemize deductions.  Itemized deductions offer a tailored approach to reducing taxable income, allowing taxpayers to deduct specific eligible expenses like mortgage interest, state taxes, and charitable donations.  What Are Itemized Deductions? Itemized […]

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Taxes

2024 & 2023 Federal Income Tax Brackets: A Side by Side Comparison

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Net Worth

Net Worth | October 2023

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Net Worth

Net Worth | September 2023

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Manage Money Retirement Save Money

How To Convert a 401k To a Roth IRA

As the landscape of retirement planning continues to evolve, many individuals are looking at ways to maximize their savings and minimize their tax burden during their golden years.  One strategy that has gained attention is converting a 401(k) to a Roth IRA. This method can provide tax-free income in retirement, but the conversion process is […]

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Manage Money Retirement

Where Is The Safest Place To Put Your Retirement Money?

As retirement approaches, ensuring that your hard-earned savings are secure becomes a top priority. The looming questions are: Where is the safest place to put your retirement money? How can you protect your nest egg from unpredictable market swings, inflation, and other economic uncertainties?  These are pertinent concerns that can seem daunting. Understanding the variety […]

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Retirement Save Money

401a vs 457b: What’s the Difference Between 401(a) and 457(b) Plans?

The road to retirement can seem complicated, especially when navigating the multitude of retirement savings options available. For those working in government sectors and certain non-profit organizations, two popular options are the 401(a) and the 457(b) retirement plans.  While both are designed to offer tax-advantaged retirement savings, they differ in their features, benefits, and regulations. […]

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Net Worth

Net Worth | August 2023

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Financial Literacy Manage Money

401(k) Loans: What To Know and How 401(k) Loans Work

In today’s uncertain economic climate, many individuals are exploring various avenues to access funds for immediate financial needs. One option that often comes up is tapping into the money set aside for retirement via a 401(k) loan.  While this might seem like an appealing solution, it’s important to understand that a 401(k) loan is not […]