The sweeping changes under the Tax Cuts and Jobs Act (TCJA) of 2017 affect many aspects of our federal tax system. One major adjustment for many divorcing couples is how spousal alimony will be treated. Definition of Alimony Let’s begin by first defining alimony. According to the IRS, alimony is amounts paid to a spouse…
Personal Finance Articles
5 Financial Tips Before You Remarry
When you’re in the throes of a divorce —particularly an acrimonious one with messy finances — the last thing you want to think about is walking down the aisle again. However, after a few years and with a bit of perspective in the marital rear-view mirror, you might meet someone who makes you want to…
5 Financial Milestones to Hit Before Turning 30
Turning 30 is a big milestone in life — and for many people in their late 20s, it serves as a sort of looming, unofficial deadline on when you should have your life together. You don’t need to put quite that much pressure on yourself, as you’re never truly done growing, learning, or changing. But…
10 Ways to Find More Money in Your Budget
Finding yourself breaking even each month? Don’t have enough cash to handle your bills, your regular spending, and all the important things you want to do in your life? There’s no sugarcoating it: that’s not a fun position to be in with your finances. But there’s also no reason to get down and discouraged because…
Should You Accept Equity Compensation in Lieu of a Higher Salary?
Dreaming of getting rich? To increase your chances of that dream coming true, you may want to consider equity compensation rather than focusing entirely on earning a higher salary. Think about the billionaires in the world. How did they make their wealth? Almost all of them got their high net worth from equity stakes in…
5 Tips for Student Loan Refinancing for Physicians
Once you’ve graduated from medical school and completed your residency, it feels like you’ve finally made it. After years of intense work and effort, you’re ready to put your education, training, and expertise into practice. But if you’re like most young physicians, finally finishing school means just getting started with paying for it. Student loan refinancing can…
Level Up Your Personal Finances
Figuring out how to manage your personal finances can seem like a daunting task. It’s tempting to simply not think about it, or to put off dealing with your money until later. The thing is, the sooner you learn how to make smart, strategic personal finance decisions, the easier it will be to live the…
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