Personal Finance
How RSUs Work: A Complete Guide to Avoiding Costly Mistakes
Discover how restricted stock units (RSUs) work, the tax implications, and strategies to make the most of them. Learn how to avoid common mistakes and optimize your financial plan.
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Personal Finance
The Eight Key Habits of the Happiest Retirees
Discover the eight habits that happy retirees stop doing to live more fulfilling and stress-free lives. Learn how to prioritize health, relationships, and financial security in retirement.
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Personal Finance
Essential Documents for Home Renovations and Repairs
Good wealth management starts by mitigating risks. For homeowners, securing a Certificate of Insurance and a Final Waiver of Lien is essential to protect your home during renovations, new builds, or repairs. Learn how these documents protect your largest asset and avoid potential liabilities in your next project.
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Personal Finance
8 Remodeling Best Practices for Illinois Homeowners
Learn how to protect yourself during your Illinois home remodeling project with these best practices. From finding licensed contractors to securing insurance and permits, follow these steps to avoid common pitfalls and ensure a successful remodel. Ideal for homeowners in the Northshore of Chicago, living in wealthy cities such as Wilmette, Winnetka, Glencoe, Highland Park, and Lake Forest.
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Tax
Vacation Home Tax Deductions
Are you making the most of your vacation home tax deductions? Whether you’re using your vacation property for personal use, as a rental, or both, understanding IRS rules can help you save. Learn how to maximize deductions on mortgage interest, property taxes, and rental income with key insights into the 14-day rule, passive activity loss limits, and family rental guidelines. Discover how to turn your vacation home into a smart financial investment while staying compliant with IRS regulations.
Read the articleAvoiding Common Investment Income Tax Mistakes in Retirement
Learn how to avoid costly investment income tax mistakes in retirement. Discover why asset location strategies might not be as beneficial as they seem and how to optimize your tax strategy for long-term growth.
Read the articleMaximizing Health Insurance Subsidies and Tax Efficiency Before Medicare
Discover how Mary effectively managed health insurance subsidies and tax strategies before Medicare. Learn how capital gain harvesting impacts health insurance subsidies and find tips for maximizing savings.
Read the articleHow to Achieve $100,000 in Tax-Free Income
Discover how strategic tax planning can help you achieve $100,000 in tax-free income during retirement. This detailed case study of a theoretical couple, David and Lisa, explores effective strategies including Social Security benefits, dividends, IRA withdrawals, and brokerage account distributions to minimize taxes and maximize retirement income.
Read the articleMaximizing Your Retirement with Defined Benefit Plans
Discover how to maximize your retirement income with defined benefit plans. Learn key strategies for timing, tax optimization, and integrating your pension with other retirement assets for a secure financial future.
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Personal Finance
Little Savers: Financial Literacy for Kids
Teach your children financial literacy for a prosperous future.
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