The landscape of family structures in the United States has undergone significant transformations in recent years, particularly in the wake of the COVID-19 pandemic. With marriage rates waning and the number of non-traditional families rising, the emergence of “childless cat ladies” has sparked discussions about societal norms and expectations. Concurrently, the profile of single mothers
News/Personal
As we look ahead to 2025, investors stand at an intriguing crossroads when it comes to capital gains taxes. The Internal Revenue Service (IRS) recently announced significant adjustments tied to inflation that will affect long-term capital gains brackets, which apply to assets held for over a year. Understanding these changes could be both beneficial and
As I reflect on my teenage years, I recall purchasing my very first car—a modest Toyota Tercel for under $10,000, complete with a few hundred miles on the odometer. Fast forward three decades, and my daughter, now approaching her 17th birthday, is eagerly anticipating a similar milestone. However, the journey to locate a suitable vehicle
In recent years, college savings plans, particularly the 529 plan, have undergone notable changes, aimed at providing families with greater flexibility and incentive to save for higher education. One of the most impactful updates arrived in 2024, with the introduction of the ability to roll over unused 529 funds directly into a beneficiary’s Roth IRA.
Beginning in 2025, investors will face a significant shift regarding capital gains tax rates, particularly concerning the 0% capital gains bracket. This bracket allows individuals to reap the benefits of long-term investments—those held for over a year—without incurring tax obligations on profits up to certain income levels. According to the IRS’s recent inflation adjustments, single
The impending transfer of wealth, estimated at a staggering $84 trillion by 2045, is poised to reshape financial landscapes across generations. Certified financial planner Stacy Francis, who leads Francis Financial in New York City, emphasizes the critical need for families to engage in dialogue regarding money matters. As Gen X and millennials stand to receive
As the U.S. approaches its presidential election, the prevailing atmosphere of uncertainty has injected palpable anxiety into the investment community. The sharp decline experienced by major indices—most notably the Dow Jones Industrial Average, which saw its steepest drop since early December—illustrates the immediate ramifications of electoral tensions. Such pronounced market fluctuations are indicative of a
As the workforce ages and individuals plan for the next chapter in their lives, one pressing question often lingers: “Will I have enough money to retire comfortably?” This question weighs heavily on the minds of many prospective retirees, and for good reason. The financial landscape is constantly changing, and the intricacies of retirement planning require