Finances

Are Taxes Going Up? Regardless of who wins in the upcoming elections, there are going to be tax implications that are going to affect everyone. What’s happening is the Tax Cuts and Jobs Act is a temporary eight-year window. It was only meant to last from 2018 to the end of year 2025. And...

What is the difference between a 401(k) and an IRA? These words are thrown around so often: 401(k) and IRA (or Individual Retirement Arrangement). Sometimes they are used interchangeably, sometimes right next to each other, and sometimes even as one word. They are used so often that it’s easy to forget that not everyone...

What is a Roth IRA? A Roth IRA is an Individual Retirement Account to which you contribute after-tax dollars. Unlike a traditional IRA, there are no current-year tax benefits. But your contributions and earnings can grow tax-free, and after the account has been open for five years or more and you’ve reached age 59 ½,...