Bedel Blog

Beyond providing peace of mind, paying a nanny legally also helps them build credits with Social Security and Medicare that may benefit them down the road. Bottom line, it's worth taking the time to structure household employee arrangements at the beginning of an engagement so everyone involved is protected from day one.

Between now and April 15th, millions of taxpayers can make a 2024 or 2025 IRA contribution. Understanding the nuances of Traditional and Roth IRAs can potentially lead to tax savings.

Two of the most notable changes of the SECURE Act were the elimination of the "stretch" provision for non-eligible beneficiaries and the creation of the 10-year rule.

Each method has its own rules and consequences for breaking them, so it is best to solicit advice from a financial advisor and consult with your tax professional/accountant to help determine which method is best for your personal situation.

Many people set out with the best intentions, but the problem with the leftover strategy is that money tends to burn a hole in our pockets. If cash is sitting in the checking account, we will find a way to spend it. Without making a point to save first, it's a crapshoot whether any money will be left behind for savings.

With the dawn of a new calendar year, some tax laws have been updated, some have changed, and others are set to end. You may want to bookmark this article and reference it as you move through the year.

Many understand the tax advantages of employing a health savings account for themselves or their family, but few know how it can be used for an adult child. Check the rules to see if your adult child can open their own HSA.

Investing for retirement when markets are at or near all-time highs can seem intimidating, but these conditions occur much more frequently than many realize. By focusing on diversification and maintaining a disciplined approach to risk management, you can continue to build wealth for your retirement throughout all market scenarios.

The Mega Backdoor Roth is a great way for higher-income earners to take advantage of Roth-like benefits through their employer retirement plan. There are many aspects to consider before attempting to incorporate this strategy into your savings goals.

If multiple countries, especially our major trading partners, are subject to tariffs in all sectors, we should expect major cost increases, especially for products that are primarily from other countries or require other countries for materials.

The rules and strategies centered on saving for retirement in a tax-efficient manner fade to a distant memory, and a new set of rules around spending and withdrawing sink in.

The low supply of used cars means that incentives are hard to come by, as dealers are in no hurry to get rid of product.