What is a tax letter?
As I was finishing my tax letters for 2025, a CPA remarked that everything would be easier if all advisors provided a tax letter for their clients. So, why don't all advisors write tax letters for their clients?
Do you deduct classroom expenses on your tax return?
Did you know that in 2024, teachers spent an average of $864 of their own money to support their classes? As we look ahead to filing 2025 tax returns in early 2026, I want to outline a tax law change that will affect teachers.
Can you deduct your donation?
The One Big Beautiful Bill Act (OBBBA) has been signed into law, and while most of the bill extends rules already put in place by the 2017 Tax Cuts and Jobs Act (TCJA), there have been some important new changes to charitable giving.
What does a financial advisor do?
The answer isn't very simple, partly because the term "financial advisor" is barely regulated: some people only sell insurance and still call themselves financial advisors; some advisors only manage investment accounts, while other advisors don't help with investment accounts at all.
Do you know how much your 401(k) investments cost you every year?
In every 401(k) I've seen, the offered investment options are not free. If you aren't looking for it, the fees are easy to miss; custodians don't send you an itemized invoice with a line for "investment fees", but they take these fees from your account anyway.