As we begin the new year and get closer to tax day in April, many of us are thinking more about planning for taxes and different strategies we can take to be more tax-efficient. Many federal tax policies and priorities are still up in the air, which can lead to some confusion as to what...
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Speak with your tax preparer to find out which of these changes are best for you. Given the state of the housing market, you might think the saying “There’s value in real estate” doesn’t mean as much as it used to. But there could be money in your house—in the form of potential tax savings....
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Searching for your first home? Here are some tips to help the process.
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Considering purchasing a hybrid, electric or natural gas vehicle? There are pros and cons to consider.
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Understanding Medicare can be difficult, but the Nationwide Retirement Institute® is here to help you by sharing some of the most common Medicare questions.
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Key Takeaways: Estate planning can be difficult to talk about—a 2021 Gallup poll showed that 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor. A distribution of assets plan can help ease your anxiety and broach the difficult subject of legacy planning with a trusted financial...
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According to Healthcare.gov, the definition of an HSA is “A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to...
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It’s no secret that gas prices have soared over the last year. In fact, we’ve seen gasoline prices skyrocket by almost 50% since September of 2020 across the country. The reasons behind this increase in gas prices vary, ranging from disparities in refining and retail costs to disruption in oil distribution and fluctuations in taxes...
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House flipping has become a lucrative market for many. And with number of shows dedicated to these endeavors, you may be interested in what it takes to flip a property. But first, what does it mean to flip a house? What is ‘Flipping Houses’? House flipping is an investment strategy in the real estate market....
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Driving can be expensive. Between buying or leasing the car itself, maintenance, and insurance, it can be enough to make some consider the bus. Choosing your insurance wisely can help that a lot, and you can always practice safe driving and precautionary measures that minimize maintenance costs, but some expenses, such as gas, are harder...
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You just packed up your life and moved it into another state. You’re tired, but you’re relieved. The boxes are all inside, you’ve got the keys in hand and you’re having a seat now to soak it all in. But there’s something still nagging at you, what’s left to do? Oh, that’s right! You still...
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If you’re finding credit hard to get or you don’t have as much equity in your home these days, taking out a loan from your own 401(k) plan may be appealing. After all, most employers allow this, although some only allow the loans for buying your first home or paying un-reimbursed medical expenses. Your 401(k)...
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Nobody wants to pay more in income taxes than they have to, and that’s certainly the case when you retire. But, like other forms of income throughout your lifetime, you’re legally required to pay taxes on some retirement income. Before you retire, it’s a good idea to understand what kind of tax liability you’ll have...
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The automotive market, online and off, is saturated with new and used cars that you can review with just a few clicks. Often overlooked during car research, the total cost of ownership is essentially a calculation of all the costs involved in buying and using a car over a period of time.1 This total cost of...
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Learning how to live on your own can be an exciting time in your life, but it’s also a big and costly transition. One of the first and most important decisions you’ll need to make involves finding a place to live that fits your budget. Because this is typically your largest expense, it raises the...
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