Financial Guidance That Brings Clarity
Can I claim medical expenses on my taxes?
November 13, 2019

Your total medical expenses, including premiums, must surpass 10% of your AGI to be deductible. Here’s a little backstory to help you understand this deduction in context. In 2019, the IRS allows taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceed 10% of their adjusted gross income (AGI). Note […]

5 Monkeys and A Ladder
November 13, 2019

5 Retirement Monkeys Perhaps you have heard about a fabled behavioral study regarding five monkeys and a ladder. It goes something like this: scientists put five monkeys in a room. In the middle of the room was a ladder with bananas on top. Every time a monkey went up the ladder to retrieve a banana, […]

“Side Hustle” or just “Hustle”?
November 13, 2019

Several years ago, my wife and I set an ambitious financial goal for our family. As a way to temporarily increase my income, I decided to embark on the millennial rite of passage known as the “side hustle.” While the term “side hustle” is used broadly to describe part-time or temporary work in addition to […]

Credit card contributions are a quick and easy way to support your favorite charity. Using their website, or even by texting donations, makes sending money convenient and you often benefit from points or other rewards. According to the IRS, a last-minute year-end donation is deductible in the year it’s made, even if the charge is […]

More Stock Market Volatility to Come?
August 12, 2019

This past weekend my family and I had a chance to visit friends who recently moved to a place steeped in history, Williamsburg, Virginia. The quiet, car-free street of Colonial Williamsburg provides a stark contrast to the modern-day engineering marvels just down the street, Water Country USA and Busch Gardens. It got me thinking that the last […]

Life gets busy and things inadvertently get postponed, but getting your credit report should not be one of those items. However, you may find yourself asking, “Why should I care about my credit score or what’s on the report? I don’t like debt and I’m surely not getting a loan anytime soon!” To better answer […]

How Long Do I Keep…
July 8, 2019

Bills, mortgages, bank statements, brokerage statements, credit card statements—being an adult certainly does require a lot of paperwork. Here is a guide for how long you should keep different kinds of financial records before putting them through the shredder (and yes, it should be the shredder, not the trash). Tax Documents: Keep tax-related records for […]

What is Wealth?
June 7, 2019

I know the stock market has been “up and down” the last few weeks, so I wanted you to think about something we have more control over, how we think about wealth. I think it is fair to say that most people think of wealth strictly in terms of money, the more the merrier. However, this one-dimensional […]

No Need to Tip Uncle Sam
April 23, 2019

With tax season not quite in the rearview mirror, it seems like an opportune time to mention some takeaways from the changes brought about by the Tax Cut and Jobs Acts (TCJA) as well as revisit some tax-related topics. While it may be too late to make any significant changes to your 2018 return, it’s […]