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Wednesday, May 8, 2024

Majority of people do not have an emergency/comfort fund, but for those that do, the next thing to consider is where to place it.

Wednesday, April 24, 2024

I am often asked how much is enough. The general rule of thumb is to have 3-6 months of your expenses saved. This amount varies though, as each situation is different. A few things to consider: Are you single? Married? Kids? How steady...

Monday, April 15, 2024

Don’t celebrate just yet. Getting a hefty tax refund may feel like a win, but let's break it down. Essentially, it means you've been giving the government an interest-free loan all year. Think of it this way. If you went to your bank...

Wednesday, April 10, 2024

Understanding IRAs & Roth IRAs. Both are quite different so let’s dive in.

Tuesday, April 9, 2024

By implementing, you could potentially save yourself tens of thousands of dollars in taxes over your lifetime. Who is eligible? Business owners...

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Wednesday, March 27, 2024

Retirement Planning Solutions, LLC is an SEC registered investment adviser. SEC registration does not constitute an endorsement of Retirement Planning Solutions, LLC by the SEC nor does it indicate that Retirement Planning Solutions,...

Thursday, March 21, 2024

An underutilized, often unknown, retirement savings strategy that allows you to contribute more money to your Roth IRA than the annual limit. On top of that, this strategy allows those who are ineligible to directly contribute to a...

Monday, March 18, 2024

Tax season is upon us so let’s break down the differences as they are often misunderstood.  Tax deductions: Think of these as expenses you subtract from your income, helping to reduce your...

Tuesday, March 12, 2024

Why is tax-diversification important? Not all money is taxed the same, therefore understanding the order of how money is taxed is crucial. Depending on the account, it falls into 1 of 3 buckets.

Thursday, March 7, 2024

Unlike retirement accounts, taxable brokerage accounts do not offer upfront tax benefits such as the ability to tax a deduction now, like with IRAs, nor do you get to enjoy tax free...

Wednesday, February 28, 2024

A powerful tool for financial planning. Do you know the benefits? 30,000ft view.

Tuesday, February 20, 2024

Starting to invest early helps to supercharge your retirement savings. How? Because time is your friend and your greatest asset with investing. The earlier you start, the more time you allow...

Wednesday, February 14, 2024

This strategy allows high-income earners to get money into a Roth IRA even though their income exceeds the limits. Allowing them to reap the benefits that come with Roth IRAs.For example, single filers in 2024 who make over $146,000...

Monday, January 11, 2021

The Week on Wall Street Shrugging off COVID-19 infections and the disruption at the Capitol on January 6, stocks powered higher to kick off a new year of trading.The Dow Jones Industrial Average gained 1.61%, while the Standard &...

Monday, January 4, 2021

The Week on Wall Street Stocks moved higher during a holiday-shortened week of trading, capping off a turbulent, but otherwise strong year for equity investors. The Dow Jones Industrial Average gained 1.35%, while the Standard &...

Monday, December 21, 2020

The Week on Wall Street Stocks climbed higher amid the COVID-19 vaccine rollout and an improving outlook for a fiscal stimulus bill.The Dow Jones Industrial Average, which has lagged all year, gained 0.44%. The Standard & Poor’s 500...

Monday, December 14, 2020

The Week on Wall Street Stocks retreated last week on rising COVID-19 infections and slow progress on an economic relief bill. The Dow Jones Industrial Average dipped 0.57%, while the Standard & Poor’s 500 dropped 0.96%. The Nasdaq...

Tuesday, December 8, 2020

The Week on Wall Street Stocks marched higher last week on an improving outlook for the passage of a fiscal stimulus package. The Dow Jones Industrial Average rose 1.03%, while the Standard & Poor’s 500 tacked on 1.67%. The Nasdaq...

Monday, November 30, 2020

The Week on Wall Street Stocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty.The Dow Jones Industrial Average rose 2.21%, while the Standard &...

Monday, November 23, 2020

The Week on Wall StreetDespite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns.The Dow Jones Industrial Average fell 0.73%, while the...

Monday, November 16, 2020

The Week on Wall Street News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh...

Monday, November 9, 2020

The Week on Wall Street Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.The Dow Jones...

Monday, November 2, 2020

The Week on Wall Street Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad. The Dow Jones Industrial Average slid 6.47%, while the Standard &...

Monday, October 26, 2020

The Week on Wall Street The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week. The Dow Jones Industrial Average fell 0.95%, while the Standard & Poor’s...

Monday, October 19, 2020

The Week on Wall Street Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones...

Monday, October 12, 2020

The Week on Wall Street Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500...

Monday, October 5, 2020

The Week on Wall Street Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and optimism generated by a few corporate deal announcements and initial public offerings....

Monday, September 28, 2020

The Week on Wall Street Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.The Dow Jones Industrial...

Monday, September 21, 2020

The Week on Wall Street Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard...