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The Triple Power of Auto-Investing

Do you auto-invest? Auto-investing is having a set, recurring amount of money taken out of your salary or savings, and automatically invested for you. For example, you are auto-investing if you are having a set amount deducted from each paycheck and invested in your company retirement plan. Or you may have set up an automatic transfer from your checking account into an IRA, brokerage account, or 529 college saving plan.

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Parents: Do You Save for College or Retirement?

Unless you’ve got a child prodigy or incredible wealth, most parents must choose which to save for first: higher education or retirement. Ideally, you have enough for both. But what if you don’t? I would suggest even the most loving parents should first fund their own retirement.

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Year End Tax Tips Continued – 3 Tips for Itemizing Your Charitable Giving

As we approach year-end, I share my final commentary on tax planning in the era of the Tax Cuts and Jobs Act (TCJA). Last time, I covered why it’s now difficult to claim itemized deductions for many taxpayers. Today I offer hope for those charitably inclined. If you are still making meaningful charitable contributions, but find the TCJA makes it more difficult to write off those donations, here are 3 ways you may still be able to write off your charitable giving anyway.

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Year End Tax Tips Continued – Standard vs. Itemized Deduction

I’ve been on a roll lately, encouraging readers to revisit their tax planning in light of the Tax Cuts and Jobs Act (TCJA), which went into effect last year. Today, I’ll cover why it’s become so difficult to claim itemized deductions, and what that means to you. After that, I’ll cover how those who are charitably inclined might still be able to periodically itemize their deductions, with a bit of proper planning.

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