As we usher in the new year, 2024 brings not only new beginnings but also changes to the tax landscape that may impact individuals and businesses alike. The Internal Revenue Service (IRS) has introduced updated inflation-adjusted income tax brackets, reflecting the ever-evolving economic climate. In this article, we will delve into the details of the new tax brackets for 2024 and explore what these changes mean for clients.

Hiring a financial advisor to help your spouse in case you die before them is a prudent and responsible step to take in order to ensure their financial well-being and security.

While Medicare is an essential healthcare program for many Americans, an IRMAA determination can lead to increased costs for higher-income beneficiaries. However, the determination of IRMAA is not set in stone. If you believe that your IRMAA determination is incorrect or unjust, you have the right to appeal the decision. In this article, we'll guide you through the process of appealing an IRMAA determination.

As individuals approach retirement age, they are often faced with many decisions regarding their financial future. One crucial decision is when to begin receiving Social Security benefits, a choice that can significantly impact the overall financial landscape of one's retirement.

As you enter retirement, your financial advisor may bring up the topic of Roth Conversions. Converting some of your traditional retirement savings into Roth accounts can offer significant tax advantages and financial flexibility during retirement.

Yes, we all know the rules about paying off a mortgage: if she had a low interest rate mortgage she could take the extra cash and earn more in the market. At the time she still received a tax break for having mortgage interest. She wouldn’t want to be house rich and cash poor, and a mortgage is a hedge against inflation.