Required Minimum Distributions (RMDs) have been around for many years. Over the past few years, updates have been made via Secure Act 1.0 and Secure Act 2.0 so we wanted to provide a reminder and update on how the current rule works.
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Over the past 3 years, the word “inflation” has dominated the headlines. In the current environment, there seems to be some confusion among investors and consumers regarding this term and what is happening. Therefore, we thought it would be a good idea to go over some of the key “flation” terms and clarify what each means and where we are today.
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Many underestimate their understanding of basic financial matters, leading to a lack of confidence and possibly anxiety. In reality, there is really just one simple “secret formula” that people who are financially successful do—they Pay Themselves First.
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Should you buy a rental property and if so, what information do you need for your taxes? When it comes to taxes, everyone wants to know what they can “write off” for tax purposes. In this article, we explore some of the tax benefits of a rental property.
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On this episode of Finance In A Flash, Nick & Erin begin our series on Mid-Career Professionals. We discuss why Cash Flow, Budgeting, and having adequate Emergency Funds are extremely important and how they can impact your future plans for retirement!
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The idea is simple—get enough life insurance to protect your family from the potentially devastating impact of an unexpected death. While the concept is straight-forward, as with many components of financial planning, deciding on the appropriate type and coverage level of life insurance is not quite that easy.
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