Starting July 5, 2026 family, friends, charities and employers may contribute up to $5,000 to each Trump account each year until the child turns 18. A Trump Account can be opened for any U.S. citizens child under the age of 18 who has a valid social security number with a legal guardian, parent, adult sibling, or grandparent (in that order) establishing the account.
Divorce is one of the most financially consequential events a person can face. Decisions made under significant emotional stress, often in a compressed timeframe, can shape your financial security for decades. This guide walks through the five areas where preparation and clear thinking matter most.
The first quarter was mostly defined by the month-long invasion of Iran by the U.S. after failed diplomatic talks. Volatility reigned supreme. Oil prices rose sharply as Iran closed the Strait of Hormuz to tanker traffic thereby creating a supply chokehold.
You cannot turn on a financial news channel or attend a conference these days without hearing about Artificial Intelligence (AI). Whether you are already using it or simply curious about what it means for your daily life and finances, this guide will help you understand the opportunity and how to approach it thoughtfully.
Happy New Year to you all. This is our second year combining our two lengthy pieces into one concise report covering both the investment year in review and discussing our outlook for the year to come.
Starting in 2026, high earners age 50 and older must make catch-up contributions to an employer plan (401k, 403b, 457(b), etc.) as Roth contributions (after-tax contributions). High earners are defined as participants who earn in excess of $150,000 in FICA wages (indexed annually) the previous year, starting with 2025 wages.
One Big Beautiful Bill Act Notable Tax Changes On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act. The OBBBA makes permanent many provisions of the Tax Cuts and Jobs Act of 2027 (TCJA) that were set to expire come January 1, 2026. Now that we are in 2026, we wanted to summarize below the notable provisions affecting the taxation of individuals.
2026 Important Numbers
If you use your cell phone regularly, chances are you’ve received a text from an unknown number. Unfortunately, fraudulent text messages or “smishing” scams are becoming increasingly common.
A guide to key planning actions to complete before year-end to help optimize your financial, tax, and estate outcomes.
If you’ve changed jobs over the years, you may have a 401(k) account or even a pension plan still held with a former employer. It’s more common than you might think.
The good news is that each new tax bill continues to bring greater flexibility and enhancements to 529 plans. Recent legislative changes have expanded the definition of qualified education expenses. Offering families more options for how they use these tax-advantages accounts. For elementary and secondary education, eligible expenses now include not only tuition, but also curriculum and instructional materials (such as books or online courses), tutoring by licensed or expert instructors, dual‑enrollment fees, standardized test (e.g. SAT/ACT) fees, and educational therapies for students with disabilities. These changes make 529 plans more versatile than ever for meeting a wide range of educational needs.
The "One Big Beautiful Bill Act" (OBBBA or OBBB) is a significant piece of U.S. federal legislation, signed into law by President Donald Trump on July 4, 2025. The OBBBA is designed to provide substantial tax cuts, primarily by making permanent many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were set to expire at the end of 2025.