Boomerbaggage

Facebook Twitter RSS

Improve Your Financial Decision- Making
While Planning for Life Events

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

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.

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

Have You Checked Your Retirement Plan Lately?

Posted by Rich Grant on April 22, 2017 in Financial Planning

It’s generally a good idea to review your employer-sponsored retirement plan at least once each year and when major life changes occur. If you haven’t given your plan a thorough review within the last 12 months, now may be a good time to do so. Have you experienced any life changes? Since your last retirement…

Full Article Here

What You Should Do With Your 401(k) When You Switch Jobs or Retire

Posted by Rich Grant on April 20, 2017 in Financial Planning

Your 401(k)  can be a significant asset which you accumulated at work after one year or after a career. So what do you do with your 401(k) when you switch jobs or retire? Your Current 401(k) Plan The benefits of your 401(k) plan include the ability to defer paying income taxes until the money is…

Full Article Here

Financial Basics for Millennials = Good Money Management

Posted by Rich Grant on April 6, 2017 in Financial Planning

Millennials face financial challenges that are unique to their generation. One of the first steps in overcoming those challenges is to understand some basic financial concepts. If you’re a young adult in your 20s or 30s, you’ve been introduced to the realities of adulthood. While you’re excited by all the opportunities life has to offer,…

Full Article Here

Our Progressive Tax System

Posted by Rich Grant on April 4, 2017 in Taxes, Financial Planning

 APRIL IS NATIONAL FINANCIAL LITERACY MONTH If you live in the United States you live in a country with a progressive tax system. I call it a system because there is not just one progressive tax, there are many. Understanding how our system works is critical to your financial literacy. A progressive tax takes a…

Full Article Here

Test Your Knowledge of Financial Basics: Financial Literacy Questions and Answers

Posted by Rich Grant on April 3, 2017 in Financial Planning

 APRIL IS NATIONAL FINANCIAL LITERACY MONTH How well do you understand personal finance? The following brief quiz can help you gauge your knowledge of a few basics. In the answer section, you’ll find details to help you learn more and increase your financial literacy. Here are some financial literacy questions. Financial Literacy Questions 1. How…

Full Article Here

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • 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