Financial planning

In January 2022, financial advisor Andrew Fincher was working with a couple who wanted to invest the six-figure proceeds they made from selling one of their parents’ houses. They were concerned that the market could plunge after they…

If you're a W-2 worker — meaning your employer withholds taxes from your paychecks — you can't take the home office deduction for 2023.However, freelance and contract workers with income reported via 1099-NEC may qualify.Justin Paget |…

However, Gen Z adults are also less likely to own a home, be married or have children.Today's young adults are reaching those key milestones later than their parents did in the early 1990s, according to a recent report by the Pew…

In the fast-paced world of finance, where the traditional meets the technological, a new generation of investors is emerging, driven by a…

Generation Z is taking a more relaxed approach to their long-term financial security, according to a recent study.The so-called "soft saving" trend is about living in the moment, with less emphasis on retiring early — or none at all.But…

Gig workers are in bad shape financially. They aren’t saving enough for retirement, and the majority expect to still be working well past age 65. Yet this growing segment of the economy, which has more than doubled in five years and now…

Sdi Productions | E+ | Getty ImagesIf you're retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say.Since taxes are due as you receive income, you must…

On the cusp of the greatest generational wealth transfer in history, baby boomers are set to pass more than $68 trillion on to their children."It's a generation that has accumulated a greater percentage of wealth than any other…

MStudioImages | E+ | Getty ImagesIf you're one of the masses of new Series I bond owners, there are a few things to weigh before cashing in your assets, experts say.  Investors purchased nearly $7 billion in I bonds in October, according…

So much financial planning is focused on getting people to retirement. Planning and investing during those golden years is even more critical because missteps can be disastrous. Spending down money in retirement is trickier than…