The Inflation Reduction Act of 2022 included a few tax-related provisions that may impact your situation. The extension of the more favorable premium tax credits will apply for those retiring before age 65. There are credits available for those looking to purchase elective vehicles or make energy-related improvements to their home. Finally, those spending a considerable amount on prescriptions under Medicare may obtain some relief through this legislation.

In a bear market, our first reaction might be to make a change in our financial portfolio. However, if your assets are invested properly, you should be able to survive the down turn without much overall loss.

To avoid burnout at work or bad morale among employees in light of the post-COVID era, consider making changes: a four-day workweek, a hybrid work model, or taking a sabbatical. Of course, don’t forget some basic changes you can make at home as well.

Just like clockwork, Alabama makes it to another NCAA Football Championship and we start paying attention to the new IRS tax numbers. Enjoy!

Mega backdoor Roth IRAs are complicated retirement savings strategies. But for the right person, they could offer better tax diversification and a big tax advantage. Is this an option you should consider?

As another year rolls around, it is good to stay abreast of the revised tax numbers, including tax brackets, standard deduction, and retirement plan contributions, among others. Now is the time to start planning your 2021 tax strategy!

When looking for mutual funds or exchange traded funds with low expense ratios, it helps to first know what you own and know what you want to own. Low expense ratios are important as is good performance and lower risk.

Do you feel like you are paying too much for medical needs? A Biden administration may impact the cost and coverage of your heath insurance and the overall price you pay for medical goods and services. Much will depend on who ultimately controls the Senate and the negotiations the parties make along the way.