Homeownership is a major part of the American Dream. For many families, their home’s value is their wealth or makes up the majority of their net worth. June is National Homeownership Month and made me reflect on my own home buying experience and how I used home renovations to personally increase my family’s net worth […]
Specific financial products and services that you can utilize in generating wealth. Reviews and recommendations are honest and never influenced. This is a resource to help you navigate the many offerings and separate the good from the bad.
Nearly half of all Americans have nothing saved for retirement, and the U.S. government knows it. In fact, the Social Security Administration recently added and bolded the statement below on the front page of your social security statement to ensure you’ve been warned. “Social Security benefits are not intended to be your only source of […]
This year marked the 10th year of my government career. It was also the first time I was told my position was non-essential. So when the government shutdown due to lack of funding on Jan. 20, I was told not to report to work until Congress signed a budget. When the government is under furlough […]
Real estate is the investment of choice for many because it is one of the few asset classes that enjoy favorable tax treatment. Reducing your taxes is an important part of building your net worth, and a Section 1031 exchange is one of many great real estate tax strategies to do just that. If done […]
When my husband and I filed our 2016 taxes, we realized we owed almost $20,000 in federal taxes instead of getting a tax refund. I was shocked. I thought I was paying the right amount all year only to learn I was underpaying while my husband was paying just enough. This expensive lesson taught us […]