The number that reframes the entire conversation The American divorce rate has fallen to 2.4 per 1,000 people, the lowest level since 1970. Inside that decline sits a trend moving in the opposite direction. Divorce among adults 50 and older now accounts for roughly 36% of all U.S. divorces, and the rate among adults 65 […]
Tax Planning
10 Divorce Financial Mistakes That Can Cost You More Than You Think
Divorce is one of the most financially consequential events of your life, and the consequences are frequently not visible until the point at which they can no longer be changed. Many costly divorce-related financial mistakes can be reduced or avoided with early preparation, the right professional guidance, and a clear understanding of the numbers. With […]
Avoid IRMAA Surcharges in 2026: Smart Medicare Premium Planning for Retirees
Medicare is not the same price for everyone. In 2026, higher-income beneficiaries can pay more for Medicare Part B and Part D because of IRMAA, the Income-Related Monthly Adjustment Amount, and the determination generally uses 2024 modified adjusted gross income rather than current-year income. That creates a planning issue for retirees because a one-time income […]
2025 Tax Reform: What the One Big Beautiful Bill Act Means for You
On July 4, 2025, a landmark piece of legislation titled the “One Big Beautiful Bill Act” was signed into law, ushering in a sweeping transformation of the U.S. tax code. This historic act not only solidifies many of the popular but temporary provisions of the 2017 Tax Cuts and Jobs Act (TCJA), but also introduces […]
Year-End Tax Planning Tips for 2024: Strategies to Optimize Your Finances
As 2024 draws to a close, it’s time to take a proactive approach to your tax planning. With the right strategies, you can potentially reduce your tax liability, maximize deductions, and set yourself up for financial success in the coming year. Here are comprehensive year-end tax planning tips to consider before year-end. Assess Your Current […]
The Pros and Cons of a Backdoor Roth IRA
A Backdoor Roth IRA is a financial strategy that allows high-income earners to contribute to a Roth IRA, bypassing the income limits that typically restrict direct contributions. This strategy involves contributing to a traditional IRA and converting those funds into a Roth IRA. While it offers significant benefits, such as tax-free growth and withdrawals, it […]
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