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Posts by Jane Thier:
When you’re filing your taxes, there’s a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may find the process a bit overwhelming. And if you’re a new homeowner tackling mortgage payments, there’s another key question you’ll want to know the answer to this tax season as you try to lower your tax liability: Are closing costs deductible on your recent home purchase? A financial advisor can help you optimize your tax strategy for your property and family needs. Below, we give you the rundown. Read more
Contributing to your 401(k) is a great way to prepare for retirement, allowing for tax-deferred growth and, in some cases, employer matching contributions. If you really want to boost your savings, you might even contribute the maximum to the account. For 2023, the 401(k) annual contribution limit will is $22,500, up from $20,500 in 2022. For employees over 50, there are also catch-up contributions. The total catchup contribution allowed in 2023 is $7,500, up from $6,500 in 2022. Note that the IRS also has rules surrounding 401(k) employer matching. Many taxpayers work with a financial advisor to maximize their retirement strategy. Let’s take a look at the contribution limits and rules for 2023. Read more
The state retirement system of Missouri covers the multiple types of employees working on behalf of the state. The Missouri State Employees Retirement System (MOSERS) was established in 1957. Under the management of a board of trustees, it currently provides retirement benefits to most state public employees. MOSERS delivers those retirement benefits through pension trust funds. MOSERS serves more than 49,000 employees. In addition, it pays benefits to more than 47,000 benefit recipients. If you would value some extra assistance navigating the complex Missouri retirement system, consider consulting an expert such as a financial advisor. Read more
The state retirement system of Mississippi consists of seven different retirement plans to account for the multiple types of employees working for the state. It’s important to understand how your… Read more
The state retirement system of South Dakota covers the multiple types of employees working on behalf of the state. The South Dakota Retirement System (SDRS) is a cost-sharing, multi-employer… Read more
The state retirement system of Maryland consists of seven different retirement plans to cover the multiple types of state employees. Before we dive deep into the intricacies of each system, take the… Read more
The state retirement system of Indiana comprises several different retirement plans to cover the wide range of public employees working on behalf of the state. As pension systems can be complex, you… Read more
Simply put, a perpetuity in the financial world is the present value of a stream of cash that goes on into the future, forever. Though cash payments are infinite, it’s possible to calculate their… Read more
If you’re looking to get ahead on planning for retirement, individual retirement accounts, or IRAs are great tool. An IRA is a tax-advantaged vehicle that helps you grow your retirement savings over… Read more
When it comes to accounting and tax planning, you may get easily confused amid the sea of acronyms. But a solid understanding of certain accreditations is key if you’re looking for a licensed tax… Read more
When you take on a mortgage loan, you may be so laser-focused on reducing your debt load that you get overeager and make payments ahead of schedule. But your exuberance and diligence can actually… Read more
If you’re looking for the best bank account to meet your needs, Bank of America, Wells Fargo and JPMorgan Chase are all going to be excellent options. But how are you supposed to pick a winner? We… Read more
Picking the right bank to work with is an integral part of managing your financial life. Two of the largest banks in the country, U.S. Bank and Bank of America, are both excellent options if you… Read more
When it comes to owning a home, shouldering the burden of a hefty down payment and paying off your mortgage over many years can be daunting. For that reason, it would be pretty hard to turn down a… Read more
If you’re looking to build your dream house or tackle a renovation, you may want to secure a construction loan. This describes a sum of money you receive to help finance your building costs. But… Read more
Wells Fargo and U.S. Bancorp, better known as U.S. Bank, are ranked third and seventh as biggest banks in America, so if you’re looking for prestige and confidence in opening a reliable checking… Read more
When it comes to choosing a bank, TD Bank and Wells Fargo are two excellent picks. Both boast competitive benefits and accessibility. But before you choose to open a checking account or savings… Read more
When you’re securing a loan for a particularly expensive house, a regular mortgage may not suffice. For 2023, if your required loan amount surpasses the $726,200 conforming loan limit set by the… Read more
Typically when you buy a home and can’t afford to pay the full price up front, you get a mortgage. You make a down payment first, and then you’ll make loan payments every month over a number of years… Read more
JPMorgan Chase is the largest and most powerful bank in America, holding nearly $4 trillion in assets. Its competitor, U.S. Bancorp, takes fifth place. But bigger doesn’t always mean better when it… Read more
Finding the best bank in America to fit your specific needs is crucial for building a solid foundation in your financial life. But with dozens of different banks operating in the U.S., how can you… Read more
Buying a home is no small decision, but when it comes to building a home, the stakes are even higher. Between finding the right contracting company, meeting building codes and figuring out your… Read more
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