It’s easy to throw up your hands in exasperation when it comes to filing papers and documents at home, and you’re likely tempted to shred everything to be done with it, but the principles of good record management for businesses also pertain to personal recordkeeping. They are accountability, transparency, integrity, protection, compliance, and accessibility. Consider the following what to keep or shred.
Early retirement may seem like a dream come true. However, you need to be well prepared if you want to retire early. If you’re not prepared, you might run into complications. Here are a few things to consider before retiring early that no one talks about.
If you find yourself with some extra time on your hands in the upcoming months, you may want to use this opportunity to check in on your family’s finances. While conducting a thorough analysis of your wealth may sound intimidating, we’ve broken the process down into eight simple steps to keep you focused and on track.
Parents share a lot of private things with their children in the hope that the information will help them grow into successful adults. But there is one topic most parents try to avoid talking about at all costs. And no, it is not what you are thinking.
Let's admit it: Planning for taxes is not the most fun activity. There are likely (many) other things you would rather be doing. But accurate tax planning is important for your overall financial health. Planning early for taxes can help you save money, make fewer mistakes, and stress less when tax season arrives.
First, know what is coming. Plan and prepare for the inevitability of extended care. This includes researching the types of care available, understanding the costs associated with each type of care, and considering options such as long-term care insurance. Research and planning can help you know what’s coming and be ready.
In 2026, a number of tax adjustments that were enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA) are anticipated to expire. For affluent couples, the most consequential change is likely to be a substantial reduction in the estate tax exemption.
What education savings programs are right for you? A 529 plan is one of the most common educational investment options, but there are other choices. Let’s explore the different programs to help you determine which one is right for you.
Military members and their families face one-of-a-kind challenges, such as deployment to conflict zones, overseas assignments and the constancy of change - all of which make dedicating time to personal finance a challenge. Luckily, there are special tax breaks and other benefits unique to service members. Follow these five tips to take advantage of potential benefits and simplify your military family’s personal finances.
There are as many kinds of mothers as there are different kinds of families. For every mother who handles family financial decisions alone, there are others who work with a partner. There are mothers who work, and mothers who are retired. And, just as importantly, there are mothers who see their lives change over time, just as you may have seen your mother transition from looking after you to taking a job outside of the home, or even running a business.
Investing your money is a key part of building wealth and securing your financial future. With so many options available, it can be difficult to determine the most efficient way to invest your money. Here are five investment options offer the most advantageous ways to invest your money.
The key difference between a traditional IRA and a Roth IRA is the way they are taxed. Contributions to a traditional IRA are made on a pre-tax basis and are taxed as ordinary income when they are withdrawn, while contributions to a Roth IRA are made on an after-tax basis and are not taxed when they are withdrawn.
Retirement is one of the most important and significant events in a person's life. It's the time when people transition from a working lifestyle to a more relaxed and leisurely one, but it also comes with its own set of risks. Here are five of the top risks that people face going into and during retirement, and how Oakwell Private Wealth Management can help you to mitigate them.
Creating wealth is a goal for many people, but it can seem like a daunting task. However, with a few simple steps, you can start building a strong foundation for financial success.
The levels of inflation we have recently seen isn’t something most current investors had previously experienced, so there is some continuing education we wanted to do as a short refresher on the subject
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
Learn more about avoiding possible penalties with 3(16) services.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
