A 401(k) fund tends to be a passive piece of an employee’s retirement plan—automatic contributions, company match, and occasional check-ins. But if you haven’t reviewed your plan recently, you might be missing out on some newer features that can significantly enhance...
Rob Yeend
How the IRS Is Cracking Down on Venmo, PayPal, and CashApp in 2025
If you get paid through PayPal, Venmo, or CashApp for freelance work, side gigs, or online reselling, it’s important to know how IRS rules are changing in 2025. With stricter reporting requirements taking effect, even a small amount of side income could lead to tax...
Why More Americans Are Converting to Roth IRAs in Today’s Unpredictable Market
With the economy facing ups and downs—from rising interest rates to inflation and global trade issues—many Americans are reevaluating how they plan for retirement. One option that more people are exploring is converting traditional retirement accounts to a Roth IRA....
Social Security Fairness Act: What Retirees Need to Know About Retroactive Payments and Taxes
The Social Security Fairness Act of 2025 restores benefits to retirees affected by WEP and GPO, providing many with retroactive Social Security payments. However, these lump-sum payments can significantly impact taxable income, potentially pushing recipients into a higher tax bracket. Understanding the tax implications and exploring strategies like the IRS lump-sum election can help retirees minimize their tax burden.
What Trump’s Tariff Policies Could Mean for U.S. Consumers
The Trump tariff policies on major trade partners, including Canada, Mexico, and China, could have significant economic implications for U.S. consumers. With a 25% tariff on imports from Canada and Mexico, a 10% tariff on Chinese goods, and an additional 10% tariff on...
Top 401(k) Strategies to Maximize Your Retirement Savings Growth in 2025
Maximizing your 401(k) retirement savings is key to building a secure financial future. The beginning of a new year is the perfect time to revisit your retirement strategy and ensure you take full advantage of available opportunities. Read on for actionable strategies...
Retirees Can Maximize Their Year-End Tax Break for Charitable Giving with This Strategy
As the year comes to a close, retirees have an opportunity to combine their philanthropic goals with smart tax planning. A Qualified Charitable Distribution (QCD) can help retirees reduce their taxable income, meet required minimum distributions (RMDs), and make a...