February 2024

DIY (Do-It-Yourself) tax filing refers to individuals preparing and filing their tax returns without the assistance of a professional tax advisor or accountant. This typically involves using tax software or manually filling out tax forms. Pros: Cons: Hiring a Professional: Hiring a professional like Matthew Jennings, JD, MBA, EA, RFC®, CEP®, CES™, aka Tax King […]

Building wealth while minimizing tax liability involves strategic financial planning and making decisions that take advantage of legal and legitimate ways to reduce the amount of taxes you owe. Here’s a more detailed breakdown of how to achieve this: Remember that the specific strategies you employ will depend on your individual circumstances, including your income,

Financial resilience refers to an individual’s or organization’s ability to withstand and recover from economic setbacks and uncertainties. Developing financial resilience is crucial, especially in times of uncertainty, as it helps mitigate the impact of unforeseen events and economic challenges. Here are some strategies to enhance financial resilience: Building financial resilience requires a combination of

Tax-efficient portfolio management is a strategy aimed at minimizing the impact of taxes on an investor’s portfolio returns. Efficient tax planning can enhance after-tax returns and help investors retain a larger portion of their gains. Here are some key considerations for tax-efficient portfolio management: Tax-Advantaged Accounts: Asset Location: Tax-Loss Harvesting: Hold Investments for the Long

“Shrinkflation” refers to the practice of reducing the size or quantity of a product while maintaining its price, often without explicitly informing consumers. If you want to beat shrinkflation and get the most value for your money, here are some strategies: By staying informed, comparing prices, and being proactive, you can make more informed purchasing

Maximizing your tax refund involves taking advantage of deductions, credits, and other strategies to reduce your taxable income or increase your eligible tax benefits. Here are some tips to help you potentially maximize your tax refund: Remember, tax laws can change, and individual circumstances vary. It’s always a good idea to stay informed about current

The Barbell Investing Strategy is an approach to portfolio management that involves combining two extremes in terms of risk and return to create a balanced and resilient investment portfolio. The strategy gets its name from the shape of a barbell, with two distinct ends representing conservative, low-risk assets on one side and high-risk, potentially high-reward

If you are a 1099 worker, also known as an independent contractor or freelancer, you don’t have access to employer-sponsored retirement plans like 401(k)s. However, there are several retirement options available to you. It’s essential to take responsibility for your retirement savings, as you won’t have an employer automatically contributing to a retirement plan on

A no-load mutual fund is a type of mutual fund that does not charge a sales commission or load fee when you buy or sell shares. The term “load” refers to the sales charge that is often associated with mutual funds and is intended to compensate brokers or financial advisors for their services in selling

Managing joint finances as a family can be a complex and sensitive matter, requiring open communication, trust, and a shared understanding of financial goals. Here are some tips to help navigate the joint account dilemma: Open Communication: Define Financial Goals: Joint vs. Individual Accounts: Equal Contribution vs. Income Percentage: Emergency Fund: Budgeting: Financial Roles: Regular