Once you retire, your federal tax liability may change. However, your specific living situation, retirement income, and financial circumstances can affect your taxes. But tax filing for retirees isn’t always straightforward, so you may want to work with a CPA when...
Millennials have diverged from older generations in several important ways. They have different spending priorities than their parents, and those values can even impact the biggest facets of life, including housing. Many younger people are choosing a different path...
It’s February, but we’re not thinking about romantic relationships. We’re here to ask you about your relationship with money. Do you feel like you have a positive, healthy relationship with your finances? If your answer is “no,” you’re not alone. In fact, a positive...
Here at Guiding Wealth, we’ve been seeing a growing interest in the idea of intergenerational housing. Also known as multigenerational living, this trend has seen a steady increase in the U.S. over the last two decades and has become even more popular in the...
It feels like we’ve been saying this for years at this point, but it’s still true: The stock market is unpredictable. It’s sometimes up when it “should” be down or vice versa, and it seems like any little thing can set off a big swing in one direction or the other....
Have you ever heard of a Health Savings Account (or HSA)? You might have noticed it the last time you were looking through your health insurance options. Although the name seems fairly straightforward, an HSA isn’t just a dedicated account where you can save money...
January is a great time to start thinking about taxes, and that doesn’t just mean getting your paperwork ready to file in April. The beginning of the year is when tax code changes take effect, and keeping track of these updates is the key to ensuring that next year’s...
Having a baby changes your life in so many ways, including how you manage your money. In the first post of this two-part series on financial planning for expecting parents, we covered the basics of parental leave, budgeting, and accounting for some of the “hidden”...
If you want to start (or grow) your family, you are likely thinking about all the ways your life will change. Of course, one of those elements is your finances. Kids are expensive, after all. How can you make sure that you’re ready to handle the expenses of your...
Financial planning is all about creating a path to reach your goals. Whether you’re looking to retire, travel, buy a home, or launch a second career, having a financial plan gives you a path to make it happen. Unfortunately, the plans you make to reach your goals...
