Financial planning blog

Learn from Nick Arndt, a tax expert from Transamerica, about how to find tax saving opportunities and other advice. One of the questions we had was about inherited IRAs. If you inherited your IRA before the year 2022, you can continue with the current withdrawal schedule. However, any inherited IRA since 2022 is subject to...Read More

When it comes to spending and saving, there are many different philosophies of thought for how much to allocate where. Broadly speaking, many people tend to break up their budgets into necessities / personal spending / savings. However, “savings” can feel ambiguous, especially when you factor in the many ways that savings can be used...Read More

Ever wonder what the tax limits are around charitable giving? Read on to get answers to some of the most common questions. For even more information, visit our Charitable Planning web page. How much can I give? You can give away as much as you want to anyone you want at any time you want....Read More

Karl Frank, CFP and Nathan Merrill discuss the tax law changes that are most likely to affect business owners and other employers. At the end of 2022, Congress passed more than 90 changes to the tax laws and many of these affect employers, especially with retirement plans.Roth-a-mania, many new rules around after-tax retirement plans, most...Read More

At the end of 2022, Congress passed over 90 changes to the tax code. On February 2nd, we held a Zoominar where I summarized the bigger changes that affect most people. Here are some of the tax laws and limits not discussed in the Zoominar: Gift Tax Exclusion Rises to $17,000 One of the most popular...Read More

At the end of 2022, Congress passed over 90 changes to the tax code. One of them is particularly interesting because it allows people between the ages of 60 and 63 to contribute more to their retirement accounts than anyone else, at any age. Is A Reverse Donut Hole A Cinnamon Roll? Perhaps you have...Read More