Boomerbaggage

Facebook Twitter RSS

Improve Your Financial Decision- Making
While Planning for Life Events

  • Home
  • Financial Planning
  • Insurance
  • Investments
  • Social Security & Medicare
  • Wills & Estates
  • Continuing Education
  • Fitness
  • Giving Back
  • Grandparents
  • Self-Employment
  • Travel

Federal Student Loan Interest Rates Decrease for 2019-2020

Posted by Rich Grant on November 25, 2019 in Financial Planning

Student loan interest rates

Every year, federal student loan interest rates on new federal student loans are reset by Congress for the upcoming academic year. For the first time in three years, interest rates will decrease in 2019-2020 for borrowers. The lower rates apply only to new federal student loans disbursed between July 1, 2019, and June 30, 2020…

Full Article Here

Financial Planning: Helping You See the Big Picture

Posted by Rich Grant on November 20, 2019 in Financial Planning

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in. Financial planning is a process that can help you target your goals by…

Full Article Here

Family Values and Our Grandsons

Posted by Rich Grant on November 13, 2019 in Financial Planning, Grandparents

Family Values

Situations where we need to make choices challenge us every day. A broad set of principles helps us to make choices about what is good and bad or what is right or wrong. Family Values are ideas as to how you want to live your life. These values help you make good choices and guide…

Full Article Here

Financial Literacy Grows Over a Lifetime

Posted by Rich Grant on August 10, 2018 in Financial Planning

Financial Literacy Grows Over Your Life!

Financial literacy grows over the course of one’s life. Learning these concepts earlier rather than later makes us better equipped to meet our life’s goals. Most Americans are not given the opportunity to learn important financial concepts. Both the education system and the parenting process have neglected to develop the appropriate financial skills needed to…

Full Article Here

Spend, Spend, Spend: Is Our Government a Bad Influence?

Posted by Rich Grant on July 4, 2018 in Financial Planning

Why Do People Spend More Money Than They Earn? Some believe Americans have a YOLO problem. The term, which is short for “you only live once”, has become quite popular. It is so popular that #YOLO is a searchable keyword on Facebook and Twitter. Many Americans believe in retail therapy. Shopping allows people to visualize…

Full Article Here

Are Your 2018 Income Taxes Going Up or Down?

Posted by Rich Grant on June 25, 2018 in Financial Planning, Taxes

The tax filing deadline for our 2017 income tax returns has come and gone. Are your 2018 income taxes going up or down? To help you answer that question, let’s dive into some tax changes in Tax Cuts and Jobs Act of 2017 (TCJA). First, here are my observations from the 2018 individual income tax filing season. Learnings…

Full Article Here

Tax Reform: Changes for Individuals

Posted by Rich Grant on February 9, 2018 in Financial Planning, Taxes

Tax Cuts and Jobs Act, is a $1.5 trillion tax-cut package that fundamentally changes the individual and business tax landscape. Many of the provisions in the new legislation are permanent. Other provisions, including most of the tax cuts that apply to individuals, will expire in eight years. Some of the major changes included in the legislation…

Full Article Here

Tax Cuts and Jobs Act: Impact on Individuals

Posted by Rich Grant on December 22, 2017 in Financial Planning, Taxes

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package that fundamentally changes the individual and business tax landscape. While many of the provisions in the new legislation are permanent, others (including most of the tax cuts that apply to individuals) will expire in eight…

Full Article Here

IRA and Retirement Plan Limits for 2020

Posted by Rich Grant on December 16, 2017 in Financial Planning

IRA contribution limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if less), unchanged from 2019. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a traditional IRA and a…

Full Article Here

Getting Money Out of Your 401(k) or 403(b) Plan

Posted by Rich Grant on May 12, 2017 in Financial Planning

The video link below describes 4 ways of getting money out of your 401(k) or 403(b) Plan. If this is of interest, you may want to read Have You Checked Your Retirement Plan Lately, What You Should Do With Your 401(K) When You Switch Jobs or Retire or Required Minimum Distributions. Getting Money Out of Your…

Full Article Here

  • 1
  • 2
  • 3
  • Next Page »

Financial Literacy Books

   

JOIN OUR BOOMERBAGGAGE COMMUNITY FOR TIPS ON HOW TO IMPROVE YOUR FINANCIAL DECISION-MAKING WHILE PLANNING FOR LIFE EVENTS

Join the Boomerbaggage Community and you will also get a freebie:

Boomerbaggage
Resources
Values Based Financial Planning
  • About Boomerbaggage
  • Our Boomerbaggage Team
  • Disclaimer | Terms of Use | Privacy Policy
  • Feedback
  • Sitemap