What is a ‘Related Person’? (SEC ADV Part 1, Item 9, Question F)
Item 9 Custody offers perhaps some of the most confusing and most often changed compliance questions.
Why the Verizon Visa Credit Card is My Primary Card
I have adopted this card as the primary one in my wallet for groceries and gas.
#TBT That Rebate Check Could Ruin Your Retirement
This 2008 article reminds us that anyone who spends more than 4% of their rebate will actually lose ground saving toward their retirement.
More People Eligible for ABLE Accounts in 2026 (Secure 2.0)
This amendment raises the ABLE account age to 46 starting in 2026.
New Catch-Up Limits for Ages 60-63 in 2025 (Secure 2.0)
Seniors born between 1962 and 1965 will be the first to be able to take advantage of these plus-sized limits.
Retirement Plans Allow Roth Employer Contributions Now (Secure 2.0)
For those who run a retirement plan, the next step for implementing this change is to email your plan provider.
#TBT Account Protection at Schwab
Charles Schwab offers both SIPC® account protection and a FDIC insurance amount for accounts custodied with them.
#TBT Where to Find Statements and Tax Documents on Schwab.com
Following this guide, you should be able to easily download any account documents you want.
Three Places You May Need to Update Your Schwab Routing Number
This year, Charles Schwab will be retiring the outdated PNC Bank ABA routing number, 031000053, that was issued for Schwab One accounts that activated the “Payment Features” on the account prior to March 2012.
How to Implement a New Investment Plan
Next time you are wondering if you should invest now or “wait for a better time,” remember Schwab’s study and invest now in whatever way makes you invest now.
#TBT The Benefits of Saving and Investing Early
This 2014 article reminds us: don’t wait until you “have more” or “make extra money” – start saving now! It is worth more.
2023 Tax Facts
Here is a reference chart with 2023 income tax rates, capital gains rates, retirement contribution limits, and more.
How to Open a Fidelity HSA and Transfer HSA Bank Assets
Going forward, the Fidelity HSA® is my primary recommendation for an HSA custodian.
The IRS Waives 2021 & 2022 Penalties Because Its Unclear How the New Inherited IRA 10-Year Rule Works
In 2019, the SECURE Act changed how inherited RMD rules work. After many IRS notices, we now aren’t sure how the new rules work.
#TBT Three Strategies to Avoid Private Mortgage Insurance
Avoiding PMI, if possible, is better for your long-term finances. Here are three strategies to avoid PMI.
#TBT Can I Use 529 Funds for Off-Campus Housing?
Yes, but housing is one of many expenses that are subject to a reimbursement limit. Here’s how to do it.
Two Ways to Fix Social Security Filing Mistakes
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.
Who Should Own My Child’s 529 Account to Assist the FAFSA?
With the grandparents as the owner rather than the parent, the student may have a better chance of receiving financial aid.
ABLE Accounts: Tax-Advantaged Savings for People with Disabilities
ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.
#TBT Best Practices for Trusts, Foundations, and Endowments
“If you have been asked to serve as a board member or trustee for a non-profit organization, feeling honored is a natural response but a terrible reason for saying yes to the job. Your role as committee member, board member, or trustee will likely designate you as a fiduciary, a role with specific legal responsibilities.”
#TBT Common Endowment Mistakes
When endowment funds fall victim to poor management, the results are as bad as they are far reaching. This 2016 article reviews the six most common pitfalls of endowments and how to avoid them.