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In most cases, Schwab’s rules around durable powers of attorney help to protect the principal. However, the same rules can also impede the principal’s agent.

The best way to ensure that you save and invest is to automate the process.

Estate planning is a task which is never useful until it is too late to do it.

If you are close to either side of 60, this 2020 article will outline the ideal scenario to help you make your own financial assessment.

The best way to ensure that you save and invest is to automate the process.

As David Marotta writes in this 2012 post, “If I had to pick one learned skill that has served me the best in my career, it would be learning to grab my mind by the scruff of the neck and drag it back to the task at hand.” This piece reminds us that hard work can sometimes be your best doctor.

On June 2024, Schwab provided an update about viewing and taking your RMD on Schwab.com.

Our recommendation is to keep money that may be needed within the next six months invested in a money market fund.

Now that we’ve been parents for a few months, I can confidently say all of these items vastly improved our journey into parenthood.

If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.

Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.

The IRS has very limited case law on what constitutes a substantially different fund. However, here is what we do in our own trading.

Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

If you have this fringe employer or former employer benefit, I hope you are able to take advantage of making small Roth IRA contributions throughout your retirement.

In honor of the Independence Day of the United States, this 2013 article reminds us to prepare for our own Independence Day.

Here is a reference chart with 2024 income tax rates, capital gains rates, retirement contribution limits, and more.

While you can only use $3,000 per year of capital losses to reduce your taxable income, you should bank as much capital loss as possible for other future uses.

Yes, but housing is one of many expenses that are subject to a reimbursement limit. Here’s how to do it.

If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.

With many of us saddled in student loan debt well into our late thirties, our retirement cannot wait for us to be debt free. This 2016 rewrite of a 2007 article teaches you how to get started with savings while repaying your loans.

The best way to climb the mountain of college costs is gradually, but if you need to make some last minute leaps, our government has a few tax-related strategies.

ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.