Category: Wealth

This Solo 401K overview has been updated with information for the 2024 & 2025 tax years. This is the second of a multi-part series on retirement accounts for self-employment income. I previously gave an overview of SEP IRAs. In this article, I’ll provide an overview of Solo 401Ks. I have started and contributed to both…

Car Repairs Image Source: 123rf.com The cost of an engine repair can vary widely, depending on what you need done and the type of vehicle you have. It can cost anywhere from $1,200 to $5,000. In some cases, it could even be more. When you find out engine repairs are needed, it can become a…

Image Source: 123rf.com Monday, January 20, 2025, is Martin Luther King Jr. Day. As a federal holiday, many people get the day off of work, giving them some time to spend with their families or handle personal responsibilities. If you’re hoping to table some errands on January 20, you might be wondering, “What’s open and…

Cars Image Source: 123rf.com SUVs have risen in popularity over the years due to a number of reasons. Drivers want more space. They want a versatile vehicle and a higher sense of perceived safety. Ultimately, the SUV checks all the boxes. If you’re in the market for a new vehicle and you are curious about…

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.  As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after…

Image Source: Unsplash Donald Trump’s policies are likely to keep inflation high putting a damper on future rate cuts, according to Federal Reserve (Fed) economists. Meanwhile, Republicans in Congress are groping for a way to raise the debt ceiling in order to fund those policies. Fed Minutes The inflation assessment came with the release of minutes…

One reason why retirement planning is so challenging to think about is because we often go from receiving one income stream (our T4 salary income) to juggling several different income streams throughout retirement.  Even more confusing is the fact that those retirement income streams often can (or should) arrive at different times and may have…

Finances & Money Image Source: 123rf.com It’s true that arguments are inevitable. You aren’t always going to agree with your partner and no one gets along 100% of the time. However, the way you approach an argument can make a huge difference. Much of the time, people are eager to just say “I’m fine” and…

What is Blue Monday?  Blue Monday was dreamed up 20 years ago by a British travel company for an advertising campaign. That’s right—it began as a marketing ploy. But over time, Blue Monday has evolved into a conversation starter at a time of year when many people do feel low, sluggish and/or stressed.  That includes…

Image Source: 123rf.com MLK Day is a federal holiday to honor civil rights leader Martin Luther King Jr., which is celebrated on the third Monday in January. This year it will fall on January 20, 2025, coinciding with inauguration day. While all federal offices, banks, schools, and the post office will be closed on the…