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Hands Off My Cup of Coffee!!

America loves coffee. I enjoy coffee so much I even like decaf.  According to E-Imports (aka – the first link to pop up when I asked google this question, so it must be right) Americans drink 400 million cups of coffee every day! Yet despite our attraction to the java, the daily cup of coffee has become one of the targets …

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“Ain’t Trading My Dreams for No 401k”

I ain’t trading my youth for no suit and jacket I ain’t giving my freedom for your money and status So don’t say I’m getting older ‘Cause I’ll say it when I do As I was driving to work the other day I was listening to a song by Judah, The Lion called “Suit & Jacket.”  The message, as I …

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Get Focused – Flex Spending Account for Dependent Care

Today we start with a breakdown of how the federal income tax brackets work. With that foundation in place, we review how a Flex Spending Account for Dependent Care operates and its tax advantages. This is not to be confused with a Child or Dependent Care tax credit. There are complexities and exceptions that should be reviewed with a tax …

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You Can’t Win Em ALL!!

At times, the depth of my parental strategizing makes me feel I am in the most intense board game ever.  A game where I am never sure if I am winning or if I will ever win! Let me set the table for you.  It has become a tradition in our house that on one weekend morning we do a …

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Estate Planning – The Basics – Part 6

In today’s episode we talk about the main pieces of your estate plan These include the Will, Power of Attorney, Health Care Proxy and your beneficiary designations. We review why you should have a will especially if you have young children and the role of a guardian vs a trustee. Last, we explain the rule of 72 as a basic …

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Momentum – It’s Everywhere!

Momentum is everywhere and it fascinates me!  I believe momentum represents so much of what it is to be human.  This concept that when things are going well, we often think they will continue to go well.  When things are going bad, this feeling that they will continue to go bad.  Things in motion, will stay in motion… These momentum …

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Cash Flow Set Up – The Basics – Part 5

In today’s episode we talk about setting up your household cash flow system. This is an introductory overview illustrating the importance of establishing a logical flow of income starting at the paycheck level.  Each financial house is different, but each needs to have a systematic approach to how and where you save vs how and where you spend.  

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Drum Roll…The S.E.C.U.R.E. Act Part II

Let’s pick up from Part I and not let this S.E.C.U.R.E Act party end too soon! Use of 529 plans for apprenticeship and up to $10,000 of student loan debt repayment. Previously, 529 plan funds could not be used to pay off any student loan debt.  Moving forward, each student (“beneficiary”) is allowed a one time $10,000 distribution (tax and …

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Retirement Planning – The Basics – Part 4

Today we are outlining how to come up with a basic retirement plan. Starting with “what it costs to be you” at retirement and working backwards to figure out how much you need to be saving today to be on track. For more wisdom, like us on Facebook @insidepubgps.  

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Getting Acquainted with The S.E.C.U.R.E Act – Part I

On Dec. 20, President Trump signed into law the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE). This Act was added as Division O to the Further Consolidated Appropriations Act, 2020 (H.R. 1865).  With any luck, my retirement job is going to be advising Congress on clever acronyms for hopeful legislation.  The act has 30 different provisions, but let’s …